Tracked deals
4491
4491 tracked deals across 2023.
Buyout Acquisitions in 2023
Buyer mix
Strategic-led
3780 strategic · 1195 pe
Top trend
Volume peaked in 2025
6057 tracked deals announced in 2025.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arthur J. Gallagher & Co. | 34 | Global insurance brokerage, risk management and consultin... | Strategic |
| Inszone Insurance Services | 34 | Full-service insurance brokerage providing commercial, pe... | Strategic (PE-backed) |
| Hub International Limited | 29 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| Risk Strategies | 22 | National specialty insurance brokerage and risk managemen... | Strategic |
| Accenture | 21 | Global professional services and consulting firm providin... | Strategic |
| World Insurance Associates LLC | 20 | National full-service insurance brokerage and financial s... | Strategic (PE-backed) |
| Camping World Holdings, Inc. | 18 | Nationwide retailer and service provider of new and used ... | Strategic |
| Pye-Barker Fire & Safety | 15 | National provider of integrated fire protection, life saf... | Strategic (PE-backed) |
| Bowman Consulting Group Ltd. | 10 | Engineering services firm delivering infrastructure plann... | Strategic |
| NFP | 10 | Property & casualty broker, benefits consultant, wealth m... | Strategic |
Acquisition Volume in Buyout in 2023 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2023
- Buyer
- Aquiline Capital Partners LP
- Target
- Pharma Force Group LLC (PharmaForce)
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Buyout
Aquiline Capital Partners has made a majority investment in Pharma Force Group LLC, a U.S.-based provider of 340B administration software and pharmacy benefits management solutions. The partnership will support PharmaForce’s product expansion and strategic M&A plans to accelerate growth across hospitals and health clinics. Piper Sandler advised PharmaForce; transaction closed in Q4 2023 with financial terms undisclosed.
-
December 31, 2023
- Buyer
- Heffernan Insurance Brokers
- Target
- Achieve Alpha Insurance
- Industry
- Insurance
- Location
- Washington, United States
- Type
- Buyout
Heffernan Insurance Brokers has acquired Achieve Alpha Insurance of Bellevue, Washington, with Gary Franke and his three team members joining Heffernan’s small business division, HeffDirect, effective December 31, 2023. Achieve Alpha, founded in 2008, specializes in Individual Health and Medicare solutions (and offers life, disability and long-term-care products); terms were not disclosed and Helfer & Associates advised Achieve Alpha.
-
December 31, 2023
- Buyer
- Tangram Insurance Services, Inc.
- Target
- Preferred Reinsurance Intermediaries
- Industry
- Financial Services
- Location
- South Carolina, United States
- Type
- Buyout
Tangram Insurance Services, a national managing general agency and program manager, acquired Preferred Reinsurance Intermediaries effective December 31, 2023. The deal expands Tangram's capabilities into the reinsurance brokerage market and brings Preferred Re's reinsurance placement, specialty program development, and alternative risk capacity sourcing expertise into Tangram's platform; terms were not disclosed.
-
December 31, 2023
- Buyer
- The Clearway Group Limited
- Target
- Secure Empty Property Limited
- Industry
- Professional Services
- Location
- Lancashire, United Kingdom
- Type
- Buyout
The Clearway Group Limited has acquired Secure Empty Property Limited, a UK specialist in vacant property security, CCTV and alarm monitoring. The deal expands Clearway's UK footprint and capabilities in vacant/property security and integrates SEP's team and technology into Clearway's service offering.
-
December 31, 2023
- Buyer
- Emler Swim School
- Target
- New Jersey Swim Schools, Inc. (Njswim)
- Seller
- Joe Oehme (founder/owner of Njswim)
- Industry
- Education
- Location
- New Jersey, United States
- Type
- Buyout
Emler Swim School acquired New Jersey Swim Schools, Inc. (Njswim) in Q4 2023, adding six locations in New Jersey and expanding Emler's network to 51 facilities across 12 states. Njswim will continue operating under its current name with the same enrollment plans and staff; the founder Joe Oehme will be stepping into the partnership with Emler to maintain continuity.
-
December 30, 2023
- Buyer
- Australis Equity Partners
- Target
- Sunrise Premiere Pool Builders, LLC
- Industry
- Construction
- Location
- Maryland, United States
- Type
- Buyout
Australis Equity Partners, through a subsidiary, has acquired Sunrise Premiere Pool Builders, LLC, a full-service inground pool construction company headquartered in Arnold, Maryland. Sunrise, founded in 1999 and operating a 3,000 sq. ft. facility, specializes in residential inground pools and works with subcontractors; Australis said the acquisition will be leveraged to facilitate future construction-industry acquisitions.
-
December 29, 2023
- Buyer
- Salt Creek Capital
- Target
- Vantage Vehicle International, Inc.
- Seller
- Michael Pak (founder and retiring President & CEO)
- Industry
- Automotive
- Location
- California, United States
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Vantage Vehicle International, Inc., a Corona, California-based manufacturer of low-speed utility vehicles (primarily electric). Founder Michael Pak is retiring as President & CEO and will remain as an investor and advisor while Salt Creek installs incoming CEO Drew Lieberman to lead growth and expand the dealer network.
-
December 29, 2023
- Buyer
- Bridgestone HosePower, LLC, Bridgestone Corporation
- Target
- Cline Hose & Hydraulics, LLC
- Seller
- Cline family (owners of Cline Hose & Hydraulics)
- Industry
- Industrial Services
- Location
- South Carolina, United States
- Type
- Buyout
Bridgestone HosePower, a subsidiary of Bridgestone Corporation, has acquired Greenville, South Carolina-based Cline Hose & Hydraulics, a family-owned hydraulic and industrial hose service business founded in 1948. The acquisition expands HosePower's mobile service and retail footprint in the Southeast U.S., increasing capacity to serve more customers and enhancing its hydraulic and industrial hose capabilities.
-
December 29, 2023
- Buyer
- Fourshore Partners
- Target
- Power Funding LTD
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Buyout
Fourshore Partners, a Miami-based private equity firm, has acquired Power Funding LTD, a Houston-based factoring company that provides working capital to oil & gas and trucking businesses. The deal positions Fourshore to invest in alternative banking solutions and accounts-receivable financing serving underserved transportation and energy middle-market firms.
-
December 29, 2023
- Buyer
- MDWerks, Inc.
- Target
- RF Specialties, LLC
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Buyout
MDWerks, Inc. (OTC: MDWK) has acquired RF Specialties, LLC, a provider of radio-frequency energy systems, engineering and equipment manufacturing used in wood, adhesives and food & beverage processing. MDWerks said the acquisition brings in-house technical expertise and manufacturing capability for its Sustainably Matured liquid maturation method (used by its Two Trees Beverage subsidiary), will increase capacity to meet demand, and will enable diversification and out-licensing opportunities across multiple industries; RF Specialties' founder Keith A. Mort will join MDWerks to continue overseeing the business.
-
December 28, 2023
- Buyer
- Corridor Capital
- Target
- Integrity Solutions, LLC
- Industry
- Education
- Location
- Tennessee, United States
- Type
- Buyout
Corridor Capital has made an investment in Integrity Solutions, LLC, a Nashville-based sales and sales leadership training firm, to support the company’s growth and development of new services. Management, led by CEO Mike Esterday, will remain in place and continue as a material owner while Corridor provides strategic, operational and financial support, with Live Oak Bank providing debt financing.
-
- Buyer
- Swander Pace Capital, CDPQ (Caisse de dépôt et placement du Québec), Roynat Equity Partners
- Target
- St‑Méthode Bakery
- Industry
- Food & Beverage
- Location
- Quebec, Canada
- Type
- Buyout
Swander Pace Capital, together with CDPQ and Roynat Equity Partners, has acquired a majority stake in St‑Méthode Bakery (BSM), a Québec-based producer of healthy, value‑added fresh bread, headquartered in Adstock, Quebec. The existing management team will be retained, founder Benoit Faucher will remain as an advisor, and the investors plan to support a business transfer and growth initiatives into broader Canadian and U.S. markets.
-
December 28, 2023
- Buyer
- Kadant Inc.
- Target
- Key Knife, Inc.
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
Kadant Inc. has agreed to acquire Key Knife, Inc. and certain affiliates for approximately $156 million in cash, with the deal expected to close in early January 2024. Key Knife, headquartered in Tualatin, Oregon, (141 employees, ~$65M trailing twelve-month revenue) will become part of Kadant's Industrial Processing segment; the acquisition will be financed primarily through borrowings under Kadant's revolving credit facility.
-
December 28, 2023
- Buyer
- Kinder Morgan, Inc.
- Target
- STX Midstream (NextEra Energy Partners' South Texas assets), NET Mexico pipeline (90% interest), Eagle Ford Midstream, Dos Caminos LLC (50% interest)
- Seller
- NextEra Energy Partners
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Buyout
Kinder Morgan closed its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), acquiring majority interests in multiple natural gas pipelines including a 90% interest in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. The assets expand Kinder Morgan's South Texas footprint and provide greater connectivity to LNG, Mexico export and Gulf Coast power and industrial markets.
-
December 28, 2023
- Buyer
- Core & Main Inc.
- Target
- Granite Water Works Inc.
- Seller
- Granite Water Works Inc., Ed Molitor (owner)
- Industry
- Building Products
- Location
- Minnesota, United States
- Type
- Buyout
Core & Main Inc. has acquired substantially all of the assets of Granite Water Works Inc., a family-owned distributor of water, wastewater and storm drainage products based in Waite Park, Minnesota. The acquisition expands Core & Main’s presence and capabilities in central Minnesota and brings Granite’s local relationships and team into Core & Main’s national specialty distribution network.
-
- Buyer
- Wealth Enhancement Group
- Target
- Foundational Wealth Advisory, LLC
- Industry
- Wealth Management
- Location
- Georgia, United States
- Type
- Buyout
Wealth Enhancement Group announced the acquisition of Foundational Wealth Advisory, LLC, a hybrid registered investment advisor based in Macon, Georgia, led by Eric S. Wilson. The deal expands Wealth Enhancement Group’s national footprint and advisory team as it continues to grow its network of independent wealth management practices.
-
December 28, 2023
- Buyer
- Palo Alto Networks
- Target
- Talon Cyber Security
- Industry
- Cybersecurity
- Location
- Israel
- Type
- Buyout
Palo Alto Networks completed the acquisition of Talon Cyber Security to integrate Talon’s enterprise browser technology into its Prisma SASE offering. The deal extends Palo Alto’s SASE capabilities by protecting managed and unmanaged devices and will make Talon’s Enterprise Browser available to qualified SASE AI customers at no additional cost.
-
December 28, 2023
- Buyer
- EIG
- Target
- Ocyan Participações S.A.
- Seller
- Novonor S.A., BNDES
- Industry
- Industrial Services
- Location
- Brazil
- Type
- Buyout
EIG has entered into definitive agreements to acquire Ocyan Participações S.A., a Brazilian offshore oil and gas solutions provider, for a total enterprise value of US$390 million. The deal is expected to close in the first quarter of 2024, subject to customary closing conditions.
-
December 28, 2023
- Buyer
- High Arctic Energy Services Inc.
- Target
- Delta Rental Services Ltd.
- Seller
- Shareholders of Delta Rental Services Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
High Arctic Energy Services Inc. (TSX: HWO) has closed the acquisition of Delta Rental Services Ltd., a Red Deer, Alberta-based oilfield equipment rental company, for aggregate consideration of $7 million subject to earn-out provisions. The deal expands High Arctic's Canadian rentals footprint, brings Delta's assets, personnel and contracts into its operations, and is expected to materially increase Canadian revenues and provide operational synergies.
-
December 27, 2023
- Buyer
- Inszone Insurance Services
- Target
- LPL Insurance Agency, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Buyout
Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired LPL Insurance Agency, Inc., a long-established agency founded in Brea, California. The acquisition expands Inszone's geographic footprint and client base in California as the firm continues an acquisitive national growth strategy.
-
December 27, 2023
- Buyer
- Avnan Capital
- Target
- Allied Components International
- Seller
- Shareholders of Allied Components International
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Avnan Capital has acquired Allied Components International (ACI), a Foothill Ranch, California-based designer and manufacturer of magnetic electronic components. The transaction closed on December 4, 2023; Avnan plans to grow the business with industry veterans joining to manage and scale the new portfolio company.
-
December 27, 2023
- Buyer
- Crest Insurance Group
- Target
- Candy Insurance Agency
- Industry
- Insurance
- Location
- Arizona, United States
- Type
- Buyout
Crest Insurance Group has acquired Candy Insurance Agency, a Chandler, Arizona-based independent insurance agency founded in 2009 by Phil Candy. The acquisition expands Crest’s presence and specialty capabilities in Arizona, adding expertise in insurance and surety solutions for the electronic security industry.
-
December 27, 2023
- Buyer
- Bruker Corporation
- Target
- ELITech Group
- Seller
- PAI Partners
- Industry
- Healthcare Services
- Location
- Italy
- Type
- Buyout
PAI Partners has entered into an agreement with Bruker Corporation to sell ELITech Group, a global manufacturer of in-vitro diagnostics (IVD) instruments and reagents. The deal is subject to regulatory and customary closing conditions and includes a put option for the sale. Under PAI’s ownership since 2017, ELITech pursued R&D investments, next-generation molecular diagnostics systems, and strategic partnerships.
-
December 27, 2023
- Buyer
- Eli Lilly and Company
- Target
- POINT Biopharma Global Inc.
- Industry
- Biotechnology
- Location
- Indiana, United States
- Type
- Buyout
Eli Lilly and Company completed the acquisition of POINT Biopharma Global Inc. after a tender offer at $12.50 per share in cash, followed by a second-step merger and delisting of POINT's common stock. The transaction brings POINT's radioligand therapy pipeline and radiopharmaceutical capabilities into Lilly's oncology research and development efforts.
-
December 27, 2023
- Buyer
- AstraZeneca
- Target
- Gracell Biotechnologies Inc.
- Industry
- Healthcare Services
- Location
- China
- Type
- Buyout
AstraZeneca entered into a definitive agreement to acquire Gracell Biotechnologies, a global clinical-stage biopharmaceutical company focused on autologous cell therapies for cancer and autoimmune diseases. The deal is expected to close in the first quarter of 2024 and includes Gracell’s FasTCAR-enabled dual-targeting CAR-T therapy GC012F, with an upfront value of about $1.0 billion and total transaction value of up to about $1.2 billion including a contingent value right tied to a regulatory milestone.
-
December 27, 2023
- Buyer
- Cyclo Therapeutics, Inc.
- Target
- Applied Molecular Transport Inc.
- Seller
- Applied Molecular Transport stockholders
- Industry
- Biotechnology
- Location
- Florida, United States
- Type
- Buyout
Cyclo Therapeutics completed an all-stock merger with Applied Molecular Transport (AMT), with AMT shareholders receiving 0.1331 shares of Cyclo Therapeutics for each AMT share (approximately 5,822,720 Cyclo shares, or ~18% of the combined company). The combined, Nasdaq-listed company will operate as Cyclo Therapeutics, focus on advancing the Phase 3 TransportNPC study of Trappsol Cyclo for Niemann-Pick Disease Type C1, be led by Cyclo's existing management and headquartered in Gainesville, Florida.
-
December 26, 2023
- Buyer
- SonicWall
- Target
- Banyan Security
- Industry
- Cybersecurity
- Location
- California, United States
- Type
- Buyout
SonicWall has acquired Banyan Security, a provider of security service edge (SSE) and zero-trust access solutions, in a deal completed December 26, 2023. The acquisition adds Banyan's cloud-native zero trust and ZTNA capabilities to SonicWall's portfolio to accelerate its SASE/SSE offerings and extend cloud-based secure access for customers and partners.
-
December 26, 2023
- Buyer
- Glory Global Solutions (International) Ltd (GLORY Ltd)
- Target
- Flooid
- Seller
- Inflexion Private Equity Partners
- Industry
- Cloud & SaaS
- Location
- England, United Kingdom
- Type
- Buyout
GLORY Ltd, through its UK subsidiary Glory Global Solutions (International) Ltd, has agreed to acquire 100% of Flooid, a Coventry‑headquartered provider of cloud‑native unified commerce and retail POS software, from Inflexion Private Equity Partners. The acquisition is intended to expand GLORY’s software annuity revenue and unified commerce capabilities, accelerating Flooid's global reach through GLORY’s existing retail relationships; the deal is subject to shareholder approval and a completed share purchase agreement.
-
December 26, 2023
- Buyer
- Dunes Point Capital, LP, Dunes Point Capital Fund III, LP, Roofing Services Solutions, LLC
- Target
- Noland's Roofing, Inc.
- Industry
- Construction
- Location
- Florida, United States
- Type
- Buyout
Dunes Point Capital, LP formed Roofing Services Solutions, LLC and acquired Noland's Roofing, Inc., a Clermont, Florida-based residential re-roofing and exterior services provider. Dunes Point Capital Fund III provided the controlling equity and M&T Bank provided debt financing; Noland's operates three Florida locations and employs approximately 70 people as the first investment in a platform consolidation strategy in the aftermarket roofing services space.
-
December 26, 2023
- Buyer
- Bristol Myers Squibb
- Target
- RayzeBio, Inc.
- Industry
- Biotechnology
- Location
- United States
- Type
- Buyout
Bristol Myers Squibb will acquire RayzeBio for $62.50 per share in an all-cash transaction, valuing the equity at approximately $4.1 billion. The deal is expected to close in the first half of 2024, subject to customary conditions, bringing RayzeBio’s actinium-based radiopharmaceutical platform and clinical pipeline into BMS’s oncology franchise.
-
December 24, 2023
- Buyer
- Mend.io
- Target
- Atom Security
- Industry
- Cybersecurity
- Location
- Israel
- Type
- Buyout
Mend.io has acquired Israeli cyber risk assessment startup Atom Security in a deal valued at several million dollars. Atom's co-founders will join Mend.io's Cloud Native division as Mend integrates Atom's technology to expand application-layer coverage and reduce irrelevant findings.
-
- Buyer
- Leonard Green & Partners (LGP), Hg, ICG
- Target
- IRIS Software Group
- Industry
- Software
- Location
- England, United Kingdom
- Type
- Buyout
Leonard Green & Partners (LGP) will take a co-controlling stake in IRIS Software Group alongside existing investor Hg, with ICG remaining as a minority investor. The transaction values IRIS at an enterprise value of around £3.15 billion and is intended to support IRIS's continued scaling and expansion in North America; closing is subject to customary regulatory clearances.
-
December 23, 2023
- Buyer
- Shiseido Company, Limited, Shiseido Americas Corporation
- Target
- DDG Skincare Holdings LLC (Dr. Dennis Gross Skincare)
- Industry
- Consumer Products
- Location
- New York, United States
- Type
- Buyout
Shiseido Company, Limited, through its subsidiary Shiseido Americas Corporation, has completed the acquisition of DDG Skincare Holdings LLC, owner of the Dr. Dennis Gross Skincare brand. The purchase adds a dermatologist-led, prestige skincare brand to Shiseido's portfolio to accelerate growth and diversify its Americas business.
-
December 22, 2023
- Buyer
- Blackstone
- Target
- Sony Payment Services Inc.
- Seller
- Sony Bank, Sony Group
- Industry
- Payments & Fintech
- Location
- Tokyo, Japan
- Type
- Buyout
Private equity funds managed by Blackstone signed a definitive agreement to acquire a majority (reported ~80%) stake in Sony Payment Services Inc. from Sony Bank (part of Sony Group), with Sony Bank retaining a minority roll‑over. The deal — reported at roughly $280 million for an 80% stake — marks Blackstone's first investment in Japan's fintech/payments sector as it seeks to expand its Japan private equity portfolio and support SPSV's growth through technology and talent investment.
-
December 22, 2023
- Buyer
- Spectra Systems Corporation
- Target
- Cartor Security Printers
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Buyout
Spectra Systems Corporation completed the acquisition of Cartor Security Printers on 22 December 2023. The purchase expands Spectra's presence in the polymer banknote substrate market and gives Spectra new channels to sell its banknote authentication and brand-protection technologies through Cartor's customer base across the UK, France and more than 180 postal and government administrations.
-
December 22, 2023
- Buyer
- Literally Media
- Target
- MEL Magazine
- Seller
- Recurrent Ventures
- Industry
- Media & Entertainment
- Location
- California, United States
- Type
- Buyout
Literally Media has acquired MEL Magazine, the once-popular men's lifestyle and culture brand that has been inactive since 2022. The brand was sold by Recurrent Ventures to join Literally's portfolio of digital culture properties as the buyer aims to revive MEL's voice and explore opportunities across editorial, video, and long-form IP development.
-
December 22, 2023
- Buyer
- Pavlov Media
- Target
- iZone Broadband
- Seller
- Scott Lanham
- Industry
- Telecommunications
- Location
- Ohio, United States
- Type
- Buyout
Pavlov Media has acquired iZone Broadband, a small regional ISP serving parts of Central Ohio (SW Knox, NW Licking and NE Delaware counties). The acquisition expands Pavlov Media's residential and business service footprint into Central Ohio and brings iZone customers onto Pavlov's national broadband backbone and customer support resources.
-
December 22, 2023
- Buyer
- Nextmune
- Target
- VetBiotek
- Industry
- Veterinary
- Location
- United States
- Type
- Buyout
Nextmune, a global specialty animal-health company, acquired VetBiotek, a developer of veterinary dermatology topical formulations including MicroSilver BG and Ceramide III products. The acquisition expands Nextmune’s dermatology portfolio and aims to improve production, packaging, distribution and access of VetBiotek’s products to veterinary clinics and distributors.
-
December 22, 2023
- Buyer
- Pavlov Media
- Target
- Inspire Wi‑Fi
- Industry
- Telecommunications
- Location
- United States
- Type
- Buyout
Pavlov Media has acquired Inspire Wi‑Fi, a provider of wireless solutions for leasing offices, clubhouses and amenity areas, to expand its amenity-focused connectivity offerings. The acquisition strengthens Pavlov Media’s product suite for common and amenity areas (branded Pavlov Spaces) and brings Inspire’s service footprint of more than 500 communities into Pavlov’s national managed-Wi‑Fi platform. Terms were not disclosed.
-
December 22, 2023
- Buyer
- Concentra Biosciences, LLC, Tang Capital Partners, LP
- Target
- Theseus Pharmaceuticals, Inc.
- Industry
- Biotechnology
- Location
- Massachusetts, United States
- Type
- Buyout
Concentra Biosciences, a vehicle controlled by Tang Capital Partners, has entered into a definitive merger agreement to acquire clinical-stage biotech Theseus Pharmaceuticals for $3.90–$4.05 per share in cash plus a contingent value right tied to future program licensing/disposition proceeds. The transaction will be effected by a tender offer and is expected to close in February 2024, subject to customary conditions and the availability of required cash at closing.
-
December 22, 2023
- Buyer
- BurTech Acquisition Corp., Burkhan Capital, LLC, BurTech Acquisition Corp. (renamed to Blaize Holdings, Inc.)
- Target
- Blaize, Inc.
- Industry
- AI & Machine Learning
- Location
- California, United States
- Type
- Buyout
Blaize, a provider of full-stack AI-enabled edge computing solutions, entered into a definitive agreement to combine with BurTech Acquisition Corp., a publicly traded special purpose acquisition company (SPAC). Upon closing, Blaize will become a wholly owned subsidiary of BurTech and the combined company will be renamed Blaize Holdings, Inc. and expected to list on Nasdaq under a new ticker in the second quarter of 2024.
-
December 22, 2023
- Buyer
- Standard BioTools Inc.
- Target
- SomaLogic, Inc.
- Industry
- Healthcare Services
- Location
- United States
- Type
- Buyout
SomaLogic, Inc. announced a proposed merger with Standard BioTools Inc., but several SomaLogic shareholders publicly urged a “no” vote. Tikvah Management and Madryn Asset Management criticized the merger on grounds including alleged undervaluation, process and disclosure concerns, and quality of Standard BioTools’ business and balance sheet.
-
December 22, 2023
- Buyer
- New Project Media
- Target
- Energy Rev
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Type
- Buyout
New Project Media (NPM), a U.S.-based renewable energy market data, intelligence and events company, has acquired Energy Rev, a London-based proprietary news service focused on renewable energy financing and M&A. The acquisition expands NPM's footprint into Europe, adds Energy Rev's editorial team and strengthens NPM's European content and market intelligence offerings.
-
December 22, 2023
- Buyer
- Olsam Group
- Target
- Dwarfs
- Industry
- E-Commerce
- Location
- Netherlands
- Type
- Buyout
London-based eCommerce platform Olsam Group has acquired Netherlands-based ecommerce aggregator Dwarfs to deepen its off-Amazon marketplace expertise and expand omni-channel capabilities. The combined business will be headquartered in London, pursue further acquisitions with an enlarged credit facility, and aims to leverage complementary capabilities (including Bol.com expertise) to drive geographic and channel expansion across Europe and North America.
-
December 22, 2023
- Buyer
- TFI International Inc.
- Target
- Daseke, Inc.
- Industry
- Transportation
- Location
- United States
- Type
- Buyout
TFI International entered into and later closed the previously announced all-cash acquisition of Daseke, valuing Daseke at an enterprise value of approximately $1.1 billion (US $8.30 per share). The deal closed in April 2024 and Daseke’s brands will operate as part of TFI International’s Truckload segment.
-
December 22, 2023
- Buyer
- Bristol Myers Squibb
- Target
- Karuna Therapeutics, Inc.
- Industry
- Pharmaceuticals
- Location
- Massachusetts, United States
- Type
- Buyout
Bristol Myers Squibb (BMS) and Karuna Therapeutics entered into a definitive merger agreement under which BMS will acquire Karuna for $330 per share in cash, valuing Karuna’s equity at about $14.0 billion (about $12.7 billion net of estimated cash acquired). The deal is expected to close in the first half of 2024, subject to customary approvals and regulatory conditions.
-
December 22, 2023
- Buyer
- Great Day Improvements, LLC
- Target
- Home Performance Alliance
- Industry
- Building Products
- Location
- Florida, United States
- Type
- Buyout
Great Day Improvements, a Macedonia, Ohio–based direct-to-consumer home improvement company, has acquired Florida-based Home Performance Alliance (HPA) to expand its presence in the Florida market and add high-performance roofing solutions to its product portfolio. HPA founder and CEO Gary Delia will collaborate with Great Day's leadership and report to CEO Michael Hoy as the business is integrated into Great Day's family of brands.
-
December 22, 2023
- Buyer
- Leonard Green & Partners
- Target
- TenCate Grass Holding B.V.
- Seller
- Crestview Partners, Select other shareholders
- Industry
- Manufacturing
- Location
- Netherlands
- Type
- Buyout
Affiliates of Leonard Green & Partners (LGP) will acquire a majority stake in TenCate Grass Holding B.V., purchasing shares from Crestview Partners and select other shareholders. TenCate's senior management will remain invested and continue to lead the company; the transaction advances LGP's entry into the sports and outdoor living surfaces market and is expected to close in February 2024 (terms undisclosed).
-
December 22, 2023
- Buyer
- Ardian, Tikehau Capital, EMZ, Bpifrance, Amundi Private Equity Funds, Fonds France Nucléaire (managed by Siparex)
- Target
- Vulcain Engineering
- Seller
- Equistone Partners Europe, Sagard
- Industry
- Engineering Services
- Location
- France
- Type
- Buyout
Ardian is leading a consortium including Tikehau Capital, EMZ, Bpifrance, Amundi and the Fonds France Nucléaire (managed by Siparex) in a leveraged buyout of Vulcain Engineering. The transaction effects the exit of existing shareholders Equistone Partners Europe and Sagard while co-CEOs Frédéric Grard and Alban Guilloteau and more than 350 employee-shareholders strengthen their positions. The new financing will provide resources to accelerate Vulcain's international expansion, digitisation of engineering processes and continued external growth via acquisitions.
-
December 22, 2023
- Buyer
- BPEA EQT Mid-Market Growth
- Target
- Indium Software
- Seller
- existing shareholders
- Industry
- IT Services
- Location
- Tamil Nadu, India
- Type
- Buyout
BPEA EQT Mid‑Market Growth has agreed to acquire a majority stake in Indium Software, a Chennai‑headquartered digital engineering company, from existing shareholders. The fund will partner with CEO Ram Sukumar and Indium's management to scale go‑to‑market efforts and expand next‑generation capabilities across AI, advanced analytics and digital engineering; the deal is expected to close in Q1 2024.
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