Alliance Data Acquires Bread

Flourish to Acquire Sora Finance to Build Comprehensive Deposits and Lending Platform for RIAs

March 20, 2025

Payments & Fintech

Flourish, a technology platform for registered investment advisors (RIAs), entered into a definitive agreement to acquire Sora Finance, an AI-driven liability optimization platform for advisors. The combined offering is intended to provide RIAs with integrated asset and liability management, including cash management plus lending capabilities.

Billtrust Acquires Order2Cash

February 15, 2022

Cloud & SaaS

Billtrust has acquired Netherlands-based Order2Cash, a B2B order-to-cash platform provider, to expand its European footprint and broaden its Business Payments Network (BPN). Order2Cash's enterprise customer base and connections to 70+ B2B and B2G e-invoicing networks will be integrated into Billtrust's SaaS AR automation and payments platform; the Order2Cash team will continue operating from Amsterdam, Joure, Krakow and New York.

Western Alliance Bank Acquires Digital Disbursements (Digital Settlement Technologies)

January 27, 2022

Payments & Fintech

Western Alliance Bank has completed the acquisition of Digital Settlement Technologies, doing business as Digital Disbursements, a Los Angeles–area digital payments platform focused on class action settlements and other legal industry disbursements. The acquisition brings Digital Disbursements' payment-selection technology, fraud-detection tools and machine-learning risk infrastructure into Western Alliance's settlement services suite; Digital Disbursements will operate as a wholly owned subsidiary led by its existing team.

Bain Capital Credit and EBITDA Investments Acquire Bread Holdings (GAIL's Bakery & The Bread Factory)

September 14, 2021

Food & Beverage

Bain Capital Credit, in partnership with EBITDA Investments (backed by Henry McGovern and Steven K. Winegar), has acquired Bread Holdings Ltd, the parent of GAIL's Bakery and The Bread Factory, from Risk Capital Partners for a reported consideration of over £200 million. Management, including CEO Tom Molnar, remain in place and chairman Luke Johnson retains a stake and board seat; part of the proceeds will be distributed to nearly 2,000 employees as the buyer supports the group's next phase of growth and expansion.

U.S. Bank Acquires Bento Technologies (Bento for Business)

August 11, 2021

Payments & Fintech

U.S. Bank has agreed to acquire Bento Technologies (Bento for Business), a fintech company that provides card-based payments and automated expense management for small and mid-size businesses. The acquisition is intended to integrate Bento’s accounts-payable and expense management capabilities with U.S. Bank’s existing payments and receivables solutions to offer a more comprehensive cash-management experience for SMB clients.

Rich Products Acquires Signature Breads

July 21, 2021

Food & Beverage

Family-owned Rich Products acquired Signature Breads to add specialty par- and fully-baked breads and rolls to its bakery portfolio. Production of Signature Breads products will be moved to Rich Products’ manufacturing sites, and the deal preserves key SKUs while bringing two former Signature Breads associates into Rich’s commercial team.