New Relic, an observability platform for engineers, has agreed to be acquired by private equity firms Francisco Partners and TPG Capital for an equity value of approximately $6.5 billion. Upon completion of the transaction, New Relic will become a private company “with enhanced flexibility to continue investing in its...
Banc of California is reportedly selling $1.8 billion worth of single-family residential home loans at a discount to JPMorgan Chase as part of an agreement to facilitate the former’s acquisition of PacWest Bancorp. In a presentation Tuesday, Banc of California said it had entered into a “contingent...
French multinational Thales has acquired cybersecurity firm Imperva from owner Thoma Bravo for $3.6 billion. The deal, announced Tuesday (July 25), is designed to bolster Thales’ digital identity and cybersecurity business improve its data security capabilities and help it enter the attractive application security market. The company said the acquisition will help Thales’...
David’s Bridal has closed a successful transaction with CION Investment Corporation for the sale of substantially all of its assets. Through the transaction, up to 195 stores and 7,000 jobs at the bridal and special occasion retailer will be preserved across the U.S., the companies said in a...
Private equity firm Stage Fund, which focuses on special situation investments, has acquired GetSwift and aims to position it for renewed growth. GetSwift offers three products: a delivery management platform called GetSwift, an eCommerce solution for produce and beverage companies called DeliveryBizPRO, and a staff...
As 2023 winds into its final few months and 2024 dawns, banks may be on the prowl for acquisitions. And according to Charlie Youakim, CEO of Sezzle, FinTechs may be in the crosshairs — a select few of them anyway, as he told Karen Webster....
HyperPay, a payments services provider in the Middle East and North Africa (MENA) region, has acquired Saudi spend management FinTech firm Sanad Cash. The strategic move was designed to bolster HyperPay’s service offerings and solidify its standing as a comprehensive all-in-one digital solution provider across the...
Nav, a financial health platform for small businesses, has announced its acquisition of Tillful. Tillful, a FinTech startup, focuses on modernizing business credit and cash flow insights for small and medium-sized businesses (SMBs), Nav said in a Monday (July 17) press release. “At a time when financing...
Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence companies that has revived Silicon Valley investment activity. Databricks recently announced a $1.3 billion mostly stock deal to acquire AI...
