Thrive Capital Raises $2 Billion for New Investments

2021-03-31T20:42:37+00:00March 18th, 2021|Mergers & Acquisitions|

Image credit: Piqsels Thrive Capital, the venture capital firm owned by Joshua Kushner, has raised $2 billion for a pair of new funds. About $500 million will go toward early stage investments. An additional $1.5 billion is earmarked for investments in more mature companies. The firm has built on the [...]

Spotify Acquires Megaphone, Allowing Insertion of Streaming Ads

2021-03-30T19:26:54+00:00March 15th, 2021|Mergers & Acquisitions|

Image credit: PiqselsOn a few short years, podcasts have evolved from a niche form of media. They have become a mainstream activity that occupies valuable time and the attention of consumers. A study from Edison Research found that approximately 80 million Americans now listen to podcasts. Some are listening to [...]

Apple Makes Acquisitions Like Clockwork, Every Three to Four Weeks

2021-03-30T19:42:23+00:00March 14th, 2021|Mergers & Acquisitions|

Image credit: Piqsels This might be hard to imagine. Apple CEO Tim Cook recently commented that his company has acquired nearly 100 companies over the last six years. That comes out to about one acquisition every three to four weeks, Cook explained in a meeting of shareholders. Apple’s market capitalization [...]

Birkenstock, Iconic Shoe Brand, to be Bought by LVMH-Backed Firm

2021-03-09T21:14:48+00:00March 9th, 2021|Mergers & Acquisitions|

Birkenstock image: lumei L Catterton, a private equity firm backed by the luxury conglomerate LVMH, announced that it is acquiring Birkenstock. Once shunned by the fashion world, the iconic German sandal company will now be part of LVMH’s portfolio alongside brands such as Dior, Louis Vuitton, and Fendi. The deal [...]

Electric Vehicle Company Lucid Motors to Close Merger

2021-03-30T20:30:42+00:00March 4th, 2021|Mergers & Acquisitions|

Photo by Ralph Hutter on UnsplashLucid Motors and blank check company Churchill Capital IV announced a merger to take the California-based electric vehicle company public.A blank check company is defined as a development stage company with no specific business plan or purpose, or one that’s said its business plan is [...]

Xos Acquires Company to Go Public, Provide Fleet-as-a-Service

2021-03-30T20:43:12+00:00March 3rd, 2021|Mergers & Acquisitions|

Photo by Dale Staton on UnsplashXos, a manufacturer of fully electric class 5 to 8 commercial vehicles, will go public. These classes comprise medium and hearvy duty trucks. Xos and NextGen Acquisition Corporation recently announced the two companies have entered into a definitive business combination agreement. It will result in [...]

Transportation Industry Speeding Up in M&A Activity

2021-03-31T18:49:50+00:00February 25th, 2021|Mergers & Acquisitions|

Image credit: Piqsels The new year has seen a wave of M&A activity in the transportation sector. Experts believe it may be a sample of what’s to come this year. The freight transportation industry experienced considerable activity in the second half of 2020. This activity occurred despite the restrictions on [...]

Chemicals Sector: Lanxess AG Acquires Emerald Kalama

2021-03-31T19:03:36+00:00February 24th, 2021|Mergers & Acquisitions|

Image credit: Piqsels Lanxess AG, a German specialty chemicals company based in Cologne, Germany, recently announced that it had agreed to buy Coca-Cola Co.-supplier Emerald Kalama— the world’s largest producer of benzoic acid—for $1.08 billion. Lanxess is moving forward from what was once a mishmash of chemical assets from Bayer [...]

Digital Infrastructure Sector M&A Heating Up as Pandemic Slows

2021-03-31T19:22:36+00:00February 23rd, 2021|Mergers & Acquisitions|

Image credit: Piqsels More investment cash is following into the digital infrastructure sector. Investors are eying new targets as the pandemic seems to be getting under control. The move shows that a new wave of mergers and acquisitions is in the offing. The news recently signaled that there are two [...]

Cannabis Sector Enjoys Fresh Capital, Bringing Back M&A

2021-03-31T19:29:44+00:00February 21st, 2021|Mergers & Acquisitions|

Image credit: PiqselsJazz Pharmaceuticals PLC’s recent $7.2 billion acquisition of GW Pharmaceuticals PLC is the largest deal to date in the cannabis industry. And experts say it’s likely just the beginning.The deal is for $7.2 billion in stock and cash. Every GW Pharmaceuticals shareholder will receive $20 in Jazz ordinary [...]

Bezos to Step Down as Amazon CEO, Focus on M&A

2021-03-31T19:40:52+00:00February 20th, 2021|Mergers & Acquisitions|

Image credit: Seattle City Council In 1994, the vice president of a hedge fund, 30-year-old Jeff Bezos, quit his job at D. E. Shaw & Co. to start his own internet-based bookstore. Amazon launched a year later in July 1995, and within two months, the company sold books in all [...]

Lawsuit Objecting to Hospital Merger Dismissed by Maine Court

2021-02-09T20:42:10+00:00February 9th, 2021|General Counsel, Mergers & Acquisitions|

Image credit: News Center Maine A superior court judge in Maine recently dismissed a lawsuit objecting to the merger of a hospital in Dover-Foxcroft. The former Mayo Regional Hospital is now a part of Northern Light Health. The Northern Light Mayo Hospital provides advanced medical services to more than 26,000 [...]

UPS Says It’s Selling Its Trucking Business to TFI International

2021-02-08T21:50:51+00:00February 8th, 2021|Mergers & Acquisitions|

UPS image credit: Parcells UPS recently announced that it was selling its less than load (LTL) and truckload business. TFI International will buy that business, UPS Freight, for $800 million. The companies expect to complete the deal in the second quarter of 2021. The deal is subject to working capital [...]

United Kingdom Gets Into Global M&A Resurgence

2021-02-01T20:55:37+00:00February 1st, 2021|Mergers & Acquisitions|

The United Kingdom is finally joining in the global resurgence in mergers and acquisitions. The COVID-19 pandemic severely impacted the United Kingdom, just as it did so many other countries and companies. The worst economic contraction in 300 years saw the country’s M&A activity shut down in the early summer [...]

Lumentum Holdings to Buy Laser Maker Coherent for $5.7 Billion

2021-01-30T21:00:18+00:00January 30th, 2021|Mergers & Acquisitions|

Image credit: @LumentumLumentum Holdings has announced an agreement to purchase the laser manufacturer Coherent in a cash-and-stock deal valued at $5.7 billion.Deal DetailsUnder terms of the agreement, Coherent shareholders will receive $100 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. A [...]

Retail Mergers and Acquisitions Look Promising, Says Acuris

2021-01-23T23:07:30+00:00January 23rd, 2021|Mergers & Acquisitions|

The total value of U.S. retail deals last year reached $36 billion—roughly three times the $13.9 billion of in 2019. This was despite the pandemic, or perhaps in part because of itThis growth came after year-over-year declines in both 2018 and 2019. This information comes from the M&A insights tool [...]

Bitcoin Firm NYDIG Acquires Fintech Digital Assets Data

2021-01-21T22:14:20+00:00January 20th, 2021|Mergers & Acquisitions|

NYDIG is a financial services firm that trades in Bitcoin. The firm announced this week that it has acquired crypto data firm Digital Assets Data. The acquisition is part of its grand initiative to expand its platform. NYDIG says that the acquisition adds to its “best-in-class platform for institutions, hedge [...]

Global Mergers and Acquisitions Reached $3.6 Trillion in 2020

2021-01-28T06:13:33+00:00January 19th, 2021|Mergers & Acquisitions|

A wave of large deals in the last few weeks of 2020 drove global mergers and acquisitions to the $3.6tn mark in 2020. It’s an impressive rebound of M&A activity in the second half of the year. Financial Times reports that the 2020 total value of M&A transactions is down [...]

Canadian M&A Plummets to Nine-Year Low in 2020

2021-01-14T21:00:36+00:00January 14th, 2021|Mergers & Acquisitions|

Mergers and acquisitions north of the border dropped to a nine-year low in 2020 as the pandemic stopped many Canadian companies’ strategies for growth. However, investors anticipate an uptick in deal-making in the fourth quarter will revive activity in the new year.With the administration of COVID-19 vaccines around Canada in [...]

Deals Rebounded in Second Half Despite Coronavirus

2021-01-12T19:21:59+00:00January 12th, 2021|Mergers & Acquisitions|

M&A activity has seen a real surge in the second half of this year. The surge is remarkable after almost a dead stop in deals during the early stages of the coronavirus crisis. Mergers went into a holding patterns in the first half of this year. The pandemic made businesses [...]

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