Merger & Acquisition News

BROOKLYN, N.Y.--(BUSINESS WIRE)--Amplify, a publisher of next-generation curriculum and assessment programs, announced today that it has acquired K–12 mathematics online learning company Mathigon. The London-based edtech startup develops and publishes unique, highly interactive, and visually compelling tools, activities, and courses that enable students to explore the beauty and power of mathematics. Since 2016, Mathigon has provided free content and tools to teachers, students, and parents in...

BRISBANE, Australia--(BUSINESS WIRE)--Fourth bullet point, first sentence should read: Since November 2020, increasing product demand has required Tritium to double the Company's production line shift headcount (instead of Since July 2021, increasing product demand has required Tritium to double the Company’s production line shifts). The updated release reads:  TRITIUM, A LEADING GLOBAL DEVELOPER AND MANUFACTURER OF DC FAST CHARGERS, ANNOUNCES RECORD THIRD CALENDAR QUARTER AND CALENDAR YEAR-TO-...

SAN FRANCISCO & BOSTON--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed its acquisition of Drizly and that the two companies will begin integrating their complementary delivery apps and services. The purchase consideration was approximately $1.1 billion, consisting of approximately 18.7 million newly issued shares of Uber common stock plus cash. To “toast” to this milestone, Uber and Drizly are offering $5 off purchases made on Drizly through this Sun...

ALPHARETTA, Ga.--(BUSINESS WIRE)--48forty Solutions ("48forty"), a portfolio company of Audax Private Equity ("Audax") and a leading national provider of recycled pallets and pallet management services, today announced that it has acquired J&B Pallet. This is the fourth acquisition 48forty has completed since Audax' investment in November 2020. Terms of the transaction were not disclosed. Headquartered in Lake City, MN, J&B Pallet was established in 1990 by owner and CEO Rick Ziebell. S...

IRVINE, Calif.--(BUSINESS WIRE)--Xponential Fitness, Inc. (NYSE: XPOF) (“Xponential” or “the Company”), a curator of leading boutique fitness brands, announced that effective today it has acquired Body Fit Training (“BFT”), an Australia-based fitness franchisor for a total of $44 million in a combination of cash on the balance sheet and debt from its existing senior secured loan facility. The acquisition is anticipated to be immediately accretive on an EBITDA margin basis. In connection with th...

LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces that its majority-owned subsidiary, Finsbury Glover Hering Corporation (“Finsbury Glover Hering”), and Sard Verbinnen & Co (“SVC”) have reached agreement on the terms of a merger to create the world’s leading strategic communications firm advising clients in navigating critical opportunities and challenges (the “Transaction”). The new firm will help clients achieve their missions and realise their business goals, with approximately 1,...

NEW YORK & PHOENIX--(BUSINESS WIRE)--Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”) today announced that one of its affiliates has completed a previously announced series of related transactions through which it has acquired each of Brooklyn Bedding LLC (“Brooklyn Bedding”) and Helix Sleep, Inc. (“Helix”) and combined them to form a leading direct-to-consumer (“DTC”) mattress platform. The combined business provides customers with a broad portfolio of high-quality...

MIAMI & NEW YORK--(BUSINESS WIRE)--Appgate, a leading cybersecurity company founded on Zero Trust Principles, closes merger with Newtown Lane Marketing....

BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group Inc. (NYSE: DBRG) (the “Company” or “DigitalBridge”) today announced that funds affiliated with DigitalBridge Investment Management, the Company’s investment management platform, have completed the previously announced acquisition of a controlling stake in Vertical Bridge Holdings, LLC (“Vertical Bridge”), the largest private owner and operator of wireless communication infrastructure in the United States. “We are pleased to extend our long...

CHICAGO--(BUSINESS WIRE)--VPC Impact Acquisition Holdings (“VIH”) (Nasdaq: VIHAU, VIH and VIHAW), a special purpose acquisition company sponsored by Victory Park Capital (“VPC”), today announced that it expects all conditions to be met, including minimum cash proceeds, to complete its previously announced business combination with Bakkt Holdings, LLC (“Bakkt”), the digital asset marketplace founded in 2018. Based on the number of public shares submitted for redemption as of 5 p.m. ET on October...