Merger & Acquisition News

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, is pleased to announce that it has closed the previously announced acquisition of U.K. based spatial computing company ARWAY Ltd. (“ARway”) in an all-stock transaction and will hire key founders Baran Korkmaz and Nikhil Sawlani. This acquisition pro...

GREENWICH, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) today announced that it has acquired a 79 megawatt (MW) portfolio of solar projects operating across seven US states. The portfolio was acquired from private equity funds managed by True Green Capital Management, LLC. Following the acquisition, Altus Power’s portfolio of operating generation assets now totals over 340 MW. The acquisition follows the announcement of Altus Power’s planned business combination wi...

TORONTO--(BUSINESS WIRE)--Top Hat, the leading customizable teaching and learning platform for higher education, has acquired Morton Publishing Company, an independent press that specializes in educational content for the sciences. Details of the transaction were not disclosed. The acquisition includes more than 600 labs and course materials that are being converted into customizable digital courseware on Top Hat’s platform, to continue to deliver affordable course materials to students. They w...

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE-STC) today announced the signing of an agreement to acquire Informative Research (IR), a leader in providing credit, consumer, and real estate data and technology services. IR serves more than 3,000 customers across the United States and offers a wide range of mission critical solutions through its proprietary platform to streamline the loan cycle. “Stewart continues to invest in the creation of an end-to-end, customer-foc...

BOSTON--(BUSINESS WIRE)--Sverica Capital Management LP (“Sverica”) announced today the sale of Women’s Health USA (“WHUSA” or the “Company”), a provider of practice management and emerging value-based services, to Unified Women’s Healthcare (“Unified”), a leading practice management platform in women’s healthcare backed by Altas Partners, funds managed by the Private Equity Group of Ares Management Corporation, and Oak HC/FT. Sverica will retain an equity investment in the combined company. The...

BOULDER, Colo.--(BUSINESS WIRE)--Vision Ridge Partners, an alternative asset manager focused on sustainable real assets, and Havila Holding announced today that they have completed the privatization of Fjord1, the owner and operator of a fleet of Norwegian ferries utilizing low or zero emission propulsion. Going forward, Fjord1 will be jointly owned by Vision Ridge Partners and Havila Holding, an investment company owned by the Sævik family in Norway, with each party holding 50% ownership stake...

SINGAPORE--(BUSINESS WIRE)--The recent agreement to acquire AXA Insurance Pte Ltd (AXA Singapore) by HSBC Insurance (Asia-Pacific) Holdings Ltd (HSBC Insurance) demonstrates the continued growth potential of Singapore’s life insurance segment, according to a new AM Best commentary. In its new Best’s Commentary, “HSBC’s Acquisition of AXA Singapore Highlights Singapore Life Insurance Growth Prospects,” AM Best states that demand for long-term financial planning and health protection is continuin...

BOSTON--(BUSINESS WIRE)--Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the signing of a definitive agreement with Shiseido Americas Corporation (“Shiseido Americas”), a subsidiary of Shiseido Company, Limited (“Shiseido”), under which a newly formed affiliate of Advent, AI Beauty Holdings Ltd., will acquire three of Shiseido Americas’ iconic cosmetics brands, bareMinerals, BUXOM, and Laura Mercier. Terms of the transact...

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Chairman of the Board, Sam Zell, and Chief Executive Officer, David Helfand, sent the following letter to the shareholders of Monmouth Real Estate Investment Corporation (NYSE: MNR) reiterating the merits of the pending transaction. Dear Monmouth Shareholders:   For more than 50 years, the Equity group of companies has had the opportunity and great responsibility of managing our capital and our investors’ capital...

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of eight Tires Plus properties for $12.9 million. The properties are located in strong retail corridors in Georgia and are corporate-operated under net leases. The transaction was priced at a cap rate in range w...