M&A Deal News – August 15, 2019

A merger in media, antitrust busts, a REIT sells two hotels… and more M&A deal news
M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for Thursday morning.
- First, Summer Redstone’s entertainment empire expands thanks to a long-awaited merger between CBS Corp and Viacom. There is speculation that the new company might try to buy Lionsgate Entertainment, Discovery Communications, or another content giant.
- FTC Chairman Joe Simons said this week that they might move to break up tech firms and undo past mergers. Because of – anti-practice. Govtech reports.
- Next up, Brookfield Asset Management has purchased Austrian retirement home giant Aveo Group. The deal was worth A$1.27 billion, Reuters reports.
- BC Partners will purchase IT services company Presidio for $2 billion in cash. The cybersecurity deal matches BC Partners’ growth strategy in the space. Here’s the press release.
- Meanwhile, KKR is reportedly interested in selling its holdings in scientific measuring and testing firm LGC Group. Bloomberg projects that a sale could fetch $1.2 billion.
- Oakley Capital Investments announced that Oakley Capital IV will purchase a majority stake in Seven Miles, a German gift voucher and gift card firm. Details of the deal, right here.
- Finally, on the real estate front, Ashford Hospitality Trust sold its 156-room Courtyard Savannah Downtown in Savannah, GA. It also divested its 128-room Hilton Garden Inn in Wisconsin Dells, WI. All told, the sales price was $37.8 million. Here’s the press release.

Latest Alternative Investment News

FinTech: Revolut’s Response To Audit Report Irks Both Its Board And Accounting Fraternity
Revolut, a UK-based fintech company, has been criticized by its own board for portraying a critical audit report as a clean bill of health. The company issued a public statement…

Digital Assets: Hong Kong’s Crypto Renaissance Spurs The $100M ProDigital Fund
A new fund in Hong Kong plans to raise $100 million this year to invest in digital asset startups, with the aim of boosting the city’s position as a fintech…

Artificial Intelligence: America’s Pacific Northwest National Laboratory (PNNL) Uses AI To Detect Illegal Nuclear Weapons
Researchers at Pacific Northwest National Laboratory (PNNL) in the United States are using machine learning techniques to identify rogue nuclear weapons. The analysis of the chemicals and infrastructure required to…

Venture Capital: Farmers’ Fintech Agreena Raises €46M For Its Soil Carbon Platform
Climate and fintech company Agreena has raised €46 million in its Series B round of funding. Led by Germany’s HV Capital, the round also included new investors such as AENU…