Tagged: acquisition

December 10, 2023 @ 6:28 pm By Omar Faridi  |  

Sagard, a global multi-strategy alternative asset management firm with over US$15B in assets under management, signed a definitive agreement to acquire a strategic stake in Performance Equity Management (PEM), a private equity firm “with over $8.9B in assets under management and two decades of demonstrated… Read More

November 28, 2023 @ 1:08 am By Omar Faridi  |  

Crastorehill, a company majority owned by Finch Capital, Europe‘s growth investor, has successfully acquired open banking players “as part of their buy-and-build strategy.” This move positions Crastorehill as “the 100% shareholder of Qwist (formerly finleap connect) and ndgit, harnessing their complementary strengths to lead the… Read More

November 26, 2023 @ 9:46 pm By Michael Wong  |  

Lymo Finance, the world’s first real estate crowdfunding platform, is now owned by Walliance, another real estate crowdfunding platform based in Italy, according to an announcement. Walliance said the acquisition is part of its expansion plans in the European market. Lymo, which has an investment… Read More

November 16, 2023 @ 6:22 am By Omar Faridi  |  

Manulife Investment Management has signed an agreement to acquire multi-sector alternative credit manager CQS. Upon completion of the transaction, Manulife Investment Management will “acquire the CQS credit platform and the CQS brand.” The acquisition of London-based CQS will “give the clients of both Manulife Investment… Read More

November 10, 2023 @ 5:36 pm By Omar Faridi  |  

Copper, an institutional digital asset infrastructure provider, has acquired Securrency Capital Limited, a full-service, regulated blockchain-enabled brokerage firm offering digital securities trading based in the Abu Dhabi Global Market (ADGM). Securrency Capital’s platform, “powered by Securrency’s digital asset infrastructure and compliance aware solutions, provides investors… Read More

November 6, 2023 @ 9:21 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management, expanding its capabilities and footprint in Spain. Innotec Security was previously owned by parent company Entelgy Group. Financial terms were not disclosed. Founded in 2002… Read More

October 27, 2023 @ 4:44 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services. Financial terms were not disclosed. Founded in Mexico City in 2012, MNEMO Mexico “has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners.” The company’s portfolio… Read More

October 26, 2023 @ 6:35 am By Omar Faridi  |  

Shift4 (NYSE:FOUR), a global firm focused on integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank “with a large European presence.” The completion of this acquisition “expands Shift4’s total addressable market both… Read More

October 22, 2023 @ 5:07 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired ON Service GROUP, a provider of business process services, specialized in insurance operations. Terms of the transaction were “not disclosed.” Acquiring ON Service GROUP enhances Accenture’s capabilities “in insurance operations, expanding the range of services available to clients in Germany… Read More

October 20, 2023 @ 7:11 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject “to regulatory approvals and customary closing… Read More

October 20, 2023 @ 8:36 am By Omar Faridi  |  

bolttech, the international insurtech, announced that it has acquired Digital Care, an embedded protection company based out of Poland. The acquisition is considered to be a major step towards “achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within… Read More

October 18, 2023 @ 10:04 pm By Omar Faridi  |  

Stax Payments, a payment technology provider, announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end, seamless payment processing platform. The integration of APPS marks “a significant expansion of Stax’s technology stack, giving partners and merchants flexible, customizable options for their payment processing needs… Read More

October 12, 2023 @ 11:29 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, announces the acquisition of Skytef, primary distributor of Software Express’s SiTef (Solução Inteligente de Transferência Eletrônica de Fundos), from Fiserv, the leading Electronic Funds Transfer solution in Brazil. Through the acquisition Fiserv strengthens… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 6, 2023 @ 9:41 am By Omar Faridi  |  

Kraken is pleased to announce their planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment “to growing their business in Europe by leveraging our strong financial position and highly competitive product offering.” Founded in 2017, BCM claims it is… Read More

September 22, 2023 @ 12:38 pm By Michael Wong  |  

Cisco has confirmed its plans to acquire Nasdaq-listed cybersecurity and observability major Splunk for $157 per share in cash, totaling a whopping $28 billion equity value. Gary Steele, Splunk’s current President and CEO, will soon be integrated into Cisco’s Executive Leadership Team, directly under Chair… Read More

September 17, 2023 @ 9:59 pm By Omar Faridi  |  

Recharge, a firm focused on the prepaid payments industry, has announced its successful acquisition of Startselect, a European digital gift and gaming cards company. This move reportedly positions the company on course “to generate 750 million EUR in annual sales in 2024.” Since 2010 Recharge… Read More

September 14, 2023 @ 11:17 am By Omar Faridi  |  

Citi (NYSE: C) announced the acquisition of its Bridge built by Citi® platform (“Bridge”) by Foro Holdings, Inc. (Foro), a Charlotte-based commercial lending services provider. As part of the transaction, Citi contributed Bridge to Foro and “joined Foro’s investors, including TTV Capital (TTV), US Bank… Read More

September 11, 2023 @ 8:19 am By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platforms, have announced that its acquisition of the Curtis Banks Group has received all necessary regulatory approvals. The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Solicitors Regulation Authority (SRA) have all “issued their approvals,… Read More

September 10, 2023 @ 10:51 am By Omar Faridi  |  

The individual who acquired the New York Stock Exchange (NYSE) recently made a $11.9B commitment so that he may help people streamline their mortgages for a lot less than what consumers are paying right now, according to a report. Founder and Chief Executive Jeffrey Sprecher’s… Read More