Merger & Acquisition News

MENLO PARK, Calif. & OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global cargo handling industry, today announced that leading technology investment firm Accel-KKR has completed the acquisition of Navis LLC with all business units and employees transferred by the end of 2021. The acquisition was first announced in March 2021. The acquisition comes at a time o...

CARPENTERSVILLE, Ill.--(BUSINESS WIRE)--Black Diamond Capital Management, L.L.C. (“Black Diamond”) is pleased to announce a transaction involving one of its portfolio companies, Speciality Chemicals International Limited, a holding company of the Polynt-Reichhold group (the “Company”) in which the Company agreed to repurchase Investindustrial’s shares in the Company (the “Transaction”). Following the completion of the Transaction, Black Diamond will become the Company’s controlling shareholder....

LOS ANGELES--(BUSINESS WIRE)--Following approval from the United States Bankruptcy Court for the District of Delaware, Mandos, LLC (Mandos) today announced it has closed the acquisition of Adrabetadex (also known as VTS-270), a drug in development for the treatment of Niemann-Pick Type C1 disease (NPC1), from Vtesse LLC, a wholly owned subsidiary of Mallinckrodt Pharmaceuticals (Mallinckrodt), a global biopharmaceutical company. NPC1 is a rare progressive genetic disorder characterized by an in...

LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (OTCQX: CBBI) announced today that it has completed its acquisition of Ohana Pacific Bank (“Ohana”) (OTCPK:OHPB), located in Honolulu, Hawaii. This transaction expands CBB’s presence to Hawaii, where Ohana operates two branches. Ohana Pacific Bank will continue to provide services to its customers in the Hawaiian market, operating as a division of Commonwealth Business Bank (“CBB”). “We are thrilled to announce the completion of our acquisition of...

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank System Acquires Fringe Benefits Design of Minnesota, Inc....

SAN FRANCISCO & SANTA MONICA, Calif.--(BUSINESS WIRE)--California-based accounting and advisory firm BPM announces business combination with Gumbiner Savett of Santa Monica, effective July 1, 2020....

NASHVILLE, Tenn.--(BUSINESS WIRE)--HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced the completion of the purchase of a majority stake in Brookdale Health Care Services (“BHS”) from Brookdale Senior Living Inc. (“Brookdale”) (NYSE: BKD). The joint venture expands post-acute care services within the HCA Healthcare continuum with a goal of improving quality and patient experience, as well as promoting access to care. “We view partnerships as found...

NEW YORK & TEL-AVIV, Israel--(BUSINESS WIRE)--REE Automotive (“REE”), a leader in e-Mobility, today announced its Registration Statement on Form F-4 in connection with the previously announced business combination (the “Business Combination”) with 10X Capital Venture Acquisition Corp. (“10X”) (Nasdaq: VCVC), a publicly-listed special purpose acquisition company, has been declared effective by the Securities and Exchange Commission (the “SEC”). Upon closing, REE Class A ordinary shares and warra...

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation ("Gemini"). The purchase price for the 51% of Gemini not already owned by the Company is $86.7 million in cash, while the net cash outflow for the Company will be approximately $72.3 million, which is the purchase price net of $14.4 million of the Gemini cash balance on June...

NEW YORK--(BUSINESS WIRE)--Ascendant Digital Acquisition Corp. (NYSE: ACND) (“Ascendant”) announced today that it has scheduled the extraordinary general meeting of its shareholders (the “extraordinary general meeting”) for July 20, 2021 at 10:00 a.m., Eastern time, to, among other things, approve the proposed business combination (the “Business Combination”) with MarketWise, LLC (“MarketWise”), a leading multi-brand digital subscription services platform that provides premium financial researc...