Global investment firm Francisco Partners plans to acquire The Weather Company assets from IBM. The definitive agreement signed by the two companies, the specific terms of which were not disclosed, will result in The Weather Company becoming an independent entity, poised for new growth opportunities, the companies said in a...
Thai bank Kasikornbank is reportedly in talks to purchase consumer finance company Home Credit Vietnam. That’s according to a report by Reuters, citing two sources who say the potentially $1 billion deal could help Kasikornbank (also known as KBank) with its ambition of becoming one of Vietnam’s top...
With rising food costs eating into merchants’ margins and changing how consumers shop, the return of Boxed is just the latest change in the quickly evolving eGrocery landscape. On Friday (Aug. 18), food and household products distributor MSG Distributors announced that it has acquired online consumer-facing wholesale...
Aldi is taking advantage of the current inflationary environment to supercharge its growth, buying up grocers and expanding its footprint. On Wednesday (Aug. 16), the discount supermarket chain announced that it is set to acquire Southeastern Grocers’ Winn-Dixie and Harveys Supermarket brands, adding about 400...
Velo Payments is acquiring YapStone, a leading payment processing platform in the short-term and vacation rental industry. The companies have entered into a definitive merger agreement, and the acquisition process will begin this quarter, subject to regulatory approvals and closing conditions, according to a Wednesday (Aug. 16) press release....
German grocery giant Aldi is set to purchase a pair of U.S. supermarket chains. The company announced Wednesday (Aug. 16) it would acquire Winn-Dixie and Harveys Supermarket from owner Southeastern Groceries. “Like Aldi, Winn-Dixie and Harveys Supermarket have long histories and many loyal customers in...
Bain Capital is set to acquire Brazilian steakhouse chain Fogo de Chão. Current owner Rhone Capital announced the sale in a news release Tuesday (Aug. 15), saying Bain would accelerate the chain’s growth and expansion. Terms of the deal were not released, but report by...
Brazilian payments FinTech Matera has acquired artificial intelligence (AI)-powered customer retention firm Cinnecta. “By aligning forces, Matera and Cinnecta will enable clients to enhance their sales capabilities by delivering intelligent, actionable insights,” the company said in a news release Tuesday (Aug. 15). “With meaningful data,...
Uruguay-based payments services provider dLocal is reportedly seeking a buyer. The company has been working with a financial adviser about a potential sale, Bloomberg News reported Monday (Aug. 14), citing sources familiar with the matter. The same sources said dLocal had received takeover interest. A...
