Venerable Prosthetics Maker Hanger to Go Private in $1.25B Deal
After several decades as a publicly-traded company on the New York Stock Exchange, century-old prosthetics maker Hanger will go private in a $1.25 billion acquisition. Patient Square Capital, a Silicon Valley healthcare investment firm, has agreed to pay $18.75 per share in cash for the company...
Premium
Decarbonization Leader Monolith Raises $300 Million
Monolith, an innovator in global decarbonization, has raised more than $300 million in its latest investment round, which was led by TPG Rise Climate and Decarbonization Partners, a partnership between BlackRock and Temasek. NextEra Energy Resources, SK, Mitsubishi Heavy Industries America, and Azimuth Capital Management provided additional funding...
Kushner’s Affinity to Invest in Oakland Fintech Company
The private equity firm Jared Kushner, the son-in-law of former President Donald Trump, started in 2021 has announced its first deal, according to Axios. It has agreed to invest in Mosaic, a fintech company that funds residential solar installations. The deal is expected to close later in the third quarter...
Premium
Panera Bread and Danny Meyer’s SPAC Terminate Deal
Panera Bread and HUGS, restaurateur Danny Meyer’s special purpose acquisition company (SPAC), have called off a merger due to deteriorating economic conditions for initial public offerings, according to Panera parent company JAB Holding Company. The deal, which was announced in November, was predicated upon Panera’s release of its IPO...
In About Face, Zendesk to Be Acquired for $10.2 Billion
Two weeks after saying that it would remain a public company, customer software-as-a-service (SaaS) vendor Zendesk announced it will be acquired for $10.2 billion by a consortium of private investors. Private equity firm Hellman & Friedman, investment company Permira, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority are the lead firms in the group...
Premium
Targa Resources to Buy Leading Natural Gas Processor Lucid
Targa Resources Corp. has announced it will acquire Lucid Energy Delaware, LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash. Lucid provides natural gas gathering, treating, and processing services in the Delaware Basin of New Mexico...
Premium
ESG Data Firm EcoVadis Is Now a Unicorn
Private sustainability data firm EcoVadis has achieved “unicorn” status, reaching a $1 billion valuation after fundraising, the company’s Co-Chief Executive Officer told Reuters. Paris-based EcoVadis raised $500 million as companies are showing increasing interest in gauging environmental, social, and corporate governance (ESG) impact data...
Grey Rock to Partner With Carbon Capture Leader Vault
Private equity firm Grey Rock Investment Partners has announced a partnership with carbon capture and storage (CCS) firm Vault CCS Holdings, LP, committing up to $150 million to fund additional growth of the company. CCS operations capture carbon dioxide that is formed during power generation and industrial processes...
Premium
Animal-health Technology Leader Covetrus Enters $4 Billion Acquisition Deal
Maine-based Covetrus, Inc. has announced it will be acquired by private investment firm Clayton, Dubilier & Rice (CD&R) and private equity platform TPG Capital in a $4 billion transaction. CD&R and its affiliates currently own 24% of Covetrus’ outstanding shares of common stock...
Premium
Brookfield Real Estate to Buy Watermark Lodging in $3.8 Billion Deal
Real estate investment firm Watermark Lodging Trust, Inc. has announced a definitive agreement with Brookfield Real Estate Funds, which will acquire the high-end hospitality portfolio in an all-cash $3.8 billion deal. Brookfield will acquire all of the outstanding shares of Watermark common stock for $6.768 per Class A share and $6.699 per Class T share...
Popular Articles
Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...