Intercontinental Exchange (ICE) and Victory Park Capital Complete Bakkt Merger with VPC Impact Acquisition Holdings

VPC Impact Acquisition Holdings III Acquires Dave Inc (Business Combination)

January 4, 2022

Financial Services

VPC Impact Acquisition Holdings III, Inc. (VPCC) announced stockholder approval of its previously announced business combination with Dave Inc. The transaction was expected to close on January 5, 2022, with the combined company beginning trading on Nasdaq under the ticker symbol “DAVE” on January 6, 2022.

Intercontinental Exchange (ICE) to Acquire Black Knight

May 4, 2022

Software

Intercontinental Exchange, Inc. (ICE) entered into a definitive agreement to acquire Black Knight, Inc. in a cash-and-stock transaction valued at $13.1 billion (at $85 per share). The deal is expected to close in the first half of 2023, pending regulatory approvals and Black Knight stockholder approval.

Janus Henderson Group Acquires Majority Stake in Victory Park Capital Advisors

August 12, 2024

Financial Services

Janus Henderson Group entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors (VPC), a global private credit manager headquartered in Chicago. The deal is expected to close in the fourth quarter of 2024 and is subject to customary regulatory approvals, with consideration paid via cash and Janus Henderson common stock.

BlackRock TCP Capital Corp. Completes Merger with BlackRock Capital Investment Corporation

March 18, 2024

Financial Services

BlackRock TCP Capital Corp. (TCPC) has completed its merger with BlackRock Capital Investment Corporation (BCIC); the combined company will continue trading under the ticker TCPC and remain externally managed by a BlackRock subsidiary. Former BCIC shareholders will receive 0.3834 shares of TCPC per BCIC share, and the transaction results in legacy TCPC and former BCIC shareholders owning approximately 67.5% and 32.5% of the combined company, respectively; TCPC's advisor also agreed to a reduced base management fee and limited fee waivers.

Intercontinental Exchange (ICE) Acquires American Financial Exchange (AFX)

January 13, 2025

Financial Services

Intercontinental Exchange (ICE) has acquired 100% of the American Financial Exchange (AFX) from 7RIDGE. The purchase brings AFX's interbank lending marketplace and the AMERIBOR benchmark into ICE's broader index and mortgage technology network to expand capabilities for regional, midsize and community banks.

PPC Enterprises Invests in Indus Valley Partners

June 27, 2024

Cloud & SaaS

Indus Valley Partners (IVP), a provider of software and managed technology solutions to investment managers, has raised a strategic minority growth investment from PPC Enterprises. PPC will serve as IVP's first institutional partner to support the company's organic growth, acquisition strategy and capability expansion; terms were not disclosed.