Apollo Global Management and BlackRock are reportedly considering providing debt financing for a merger of Amazon aggregators Branded and Heyday. Branded is in talks to acquire Heyday in exchange for $521 million in equity in a new company, Essor, that would be worth more than...
Integrated payment and commerce technology provider Shift4 plans to acquire Givex to expand its customer base and add gift cards and loyalty programs to its product range. Shift4 signed an arrangement agreement for the acquisition and, subject to customary closing conditions, the transaction is expected...
Merger and acquisitions (M&A) activity remained slow during the second quarter of the year. The reason? The Federal Reserve has kept interest rates high, making it tougher to finance deals. That’s according to a report Sunday (Aug. 25) by Seeking Alpha, citing data from S&P...
Visa is reportedly considering a multimillion-dollar bid for fraud-prevention firm Featurespace. The payments giant is in advanced talks about a possible sale, Sky News reported Saturday (Aug. 24), citing unnamed sources. One source said the deal could be worth as much as $925 million, while...
U.S. Bank has acquired healthcare financial technology firm Salucro Healthcare Solutions. The 20-year-old Arizona company, which focuses on patient payments and billing, had been a partner of Elavon, U.S. Bank’s merchant acquiring unit, while the bank had initially invested in Salucro in 2022, the bank...
Advance Auto Parts has sold its wholesale operation Worldpac for $1.5 billion. The sale, to funds managed by the Carlyle Group, is expected to be finalized by the end of the year, Advance said in a Thursday (Aug. 22) news release. “The sale enables our team to sharpen their...
The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with the transaction has expired, the luxury retail companies said in...
Indian food delivery and quick commerce company Zomato intends to expand its efforts in the business of helping Indian consumers discover and purchase tickets for movies, sports and events. The company plans to do so by acquiring the entertainment ticketing business of Paytm, an Indian...
Regional banks in the United States are reportedly actively pursuing mergers and acquisitions to strengthen their balance sheets and enhance their competitiveness in the face of challenges posed by elevated interest rates, increased competition for deposits, and losses on commercial real estate loans. This wave...
