Merger & Acquisition News

LONDON--(BUSINESS WIRE)--Soho House & Co Inc. (NYSE: SHCO) Earlier this week, the Board of Directors of Soho House & Co Inc. (the “Company”) received an offer from a new third-party consortium to acquire the Company for $9.00 per share, representing a premium of 83% to the closing price as of Wednesday, December 18, 2024. The offer is conditioned on certain significant shareholders, including amongst others the Company’s Executive Chairman, Ron Burkle, and The Yucaipa Companies and its...

NEW YORK--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the acquisition of six logistics assets totaling 2.3 million square feet in Houston, Texas. The assets are strategically located less than 8 miles from Port Houston, which lifts 3.8 million TEUs annually and is the fifth-largest container port in the United States. Port Houston is investing $1.7 billion over the next five years to modernize and expand its e...

LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespace’s capabilities into its range of fraud prevention and risk-scoring offerings...

IRVINE, Calif.--(BUSINESS WIRE)--Business transformation consultant Trace3 announced today its acquisition of Zivaro, a Denver-based government and public sector-focused technology solutions provider. The acquisition will allow for the creation of a new business vertical to be known as Trace3 Government (T3G). Zivaro joins the Trace3 brand and expands the company’s existing verticalized teams currently dedicated to healthcare and financial services. Trace3 announced its vertical resourcing stra...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Stryten Energy LLC, a U.S.-based energy storage solutions provider, today announced the signing of agreements by one of its affiliates, Stryten Critical E-Storage LLC, with a subsidiary of Largo Inc. (NASDAQ, TSX: LGO), Largo Clean Energy Corp. (LCE), to form Storion Energy, LLC. The new company’s mission is to remove the barriers to entry for battery manufacturers to domestically source price competitive electrolyte used in vanadium redox flow batteries (VRFB)...

MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NasdaqGM: RGS), a leader in the haircare industry, announces the acquisition of Alline Salon Group (ASG), its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for ASG to earn an additional $3 million ($1 million annually) through earn out payments over the next three years. Highlights 314 salon portfolio operating under the Supercuts, Cost Cutters and Holiday Hair brands across five states, pri...

CHICAGO--(BUSINESS WIRE)--Red Arts Capital (“Red Arts”), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the acquisition of KKSP Precision Machining, LLC, (“KKSP”), a premier North American producer of custom turned metal components. This acquisition marks Red Arts’ entry into advanced manufacturing, leveraging its deep expertise to expand into a strategically aligned domain. Red Arts’ investment recapitalizes KKSP to support the company’...

SEOUL, South Korea--(BUSINESS WIRE)--MBK Partners, through its special-purpose company, Korea Corporate Investment Holdings Co., Ltd., has acquired an additional 1.13% stake in Korea Zinc. This latest acquisition increases MBK Partners and Young Poong’s combined stake in Korea Zinc to 40.97% of the total issued shares and 46.7% of the voting shares, excluding treasury stock, positioning the group closer to majority control. According to disclosures from the Financial Supervisory Service’s elect...

LADERA RANCH, Calif.--(BUSINESS WIRE)--Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of its newest self-storage facility in Edmonton, Alberta, Canada. Located at 14135 128 Ave NW in Edmonton, Alberta, this newly acquired Class A property spans approximately 65,200 net rentable square feet. It features a single-story building with ap...

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced it has completed the acquisition of Whitebridge Pet Brands’ North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45 billion. The business, which includes the Tiki Pets and Cloud Star portfolio of brands, is a growth leader in the Cat feeding and Pet treating segments. This completed transaction marks the fifth acquisition by General Mills in the Pet category: Blue Buffal...