Merger & Acquisition News

LARKSPUR, Calif.--(BUSINESS WIRE)--As previously announced, on July 16, 2023, MediPacific Sub, Inc. (“Purchaser”) and MediPacific, Inc. (“Parent”), affiliates of Foresite Capital, entered into a definitive agreement and plan of merger (the “Merger Agreement”) with Pardes Biosciences, Inc. (Nasdaq: PRDS) (“Pardes”) whereby Purchaser agreed to acquire, subject to the terms of the Merger Agreement, Pardes for a price per share of not less than $2.02 in cash and an additional cash amount of not mor...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has sold $105 million of its interest in Steward Health Care System’s (“Steward”) new syndicated asset-backed credit facility to a leading global asset manager with more than $100 billion in assets under management. “As we said during our recent quarterly update, this new ABL facility significantly enhanced Steward’s available liquidity and flexibility at a time when it...

CARY, N.C.--(BUSINESS WIRE)--Cornerstone Building Brands, North America’s leading manufacturer of exterior building products, has acquired MAC Metal Architectural....

SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Prime Group Holdings, LLC (“Prime Group”), a vertically-integrated private equity real estate firm, today announced it has acquired 395 Broadway, a two-story, 25,000 square foot office building in Downtown Saratoga Springs, New York. The purchase was coordinated by Robert and Lisa Moser on behalf of Prime Group. Mr. Moser is Prime Group’s Founder, Principal and Chief Executive Officer. Located on the corner of Broadway and Division Street, the property i...

NEW YORK--(BUSINESS WIRE)--DCG, a leading M&A advisory company specializing in the automotive industry, announced the sale of Axelrod Buick GMC to Spitzer Auto World....

PARIS--(BUSINESS WIRE)--AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD) jointly (altogether known as “AMTD”) announced that the franchisee operating the L’Officiel’s Philippines business, including both digital and social platforms as well as prints of L’Officiel and L’Officiel Hommes, has been successfully acquired by AMTD. Philippines represents another country in South East Asia in which AMTD has successfully transformed and developed into a direct owner’...

BOSTON--(BUSINESS WIRE)--Orbita, the leading provider of smart virtual assistants and workflow automation for healthcare, has acquired the assets of Wellbe, a digital health company providing patient navigation for specialty care. The acquisition, which includes Wellbe’s software, customers and select staff, was finalized Aug. 16, 2023. “This agreement exemplifies how 1+1 can equal 3,” said Patty Riskind, CEO of Orbita. “The combination of our expertise, teams and technologies creates a seamles...

BILLERICA, Mass. & EMERYVILLE, Calif.--(BUSINESS WIRE)--Bruker Corporation (Nasdaq: BRKR) and PhenomeX Inc. (Nasdaq: CELL) today announced that they have signed a definitive agreement for Bruker to acquire PhenomeX for $1.00 per share in an all-cash transaction. The proposed acquisition values PhenomeX at a total equity value of approximately $108 million. PhenomeX is a functional cell biology company that provides single-cell biology research tools to deliver deep insights into cellular functi...

ATLANTA & CHARLOTTE, N.C.--(BUSINESS WIRE)--Kian Capital Partners, a lower middle market focused private investment firm, announced today that it completed the acquisition of a leading Meineke Car Care Center franchisee in partnership with management to establish a new platform in the general automotive repair space called PARC Auto. PARC Auto is currently comprised of 15 Meineke automotive care centers in the Louisville, Kentucky metropolitan area. Bryan Brown originally founded the franchise...

LONDON--(BUSINESS WIRE)--Fortune 500 solutions integrator Insight Enterprises has acquired Amdaris, a UK-based software development and digital services specialist....