Streetbeat News

Acquisitions Mergers

TMCI

Treace Medical Concepts (TMCI) has signed an agreement to acquire certain assets of RedPoint Medical3D for $20 million upfront, with up to $10 million in potential milestone payments. The acquisition will integrate RPM-3D's software and systems with TMCI's instrumentation and implant systems, with commercial introduction expected in the second half of 2024.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:20 pm

PRTK

Paratek Pharmaceuticals' stock surges following a report about potential takeover interest, with Gurnet Point Capital being one of the private equity firms considering the acquisition, according to a Betaville 'Rare' alert.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 7:23 pm

MMC

Marsh McLennan Agency, a subsidiary of Marsh, has acquired SOLV Risk Solutions, an independent agency based in Austin, Texas. SOLV provides risk management advisory services to businesses, family offices, and private equity firms across the country.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 5:04 pm

SIVBQ

SVB Securities is preparing for a management buyout, with Seth Klarman's Baupost Group reportedly in talks to back the deal, according to Dow Jones.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 4:45 pm

JPM

JP Morgan Chase plans to close 21 branches of First Republic Bank by 2023, accounting for a quarter of its 84 branches. The closures are part of JP Morgan's integration of the failed lender into its operations. Affected employees will be offered six-month transition assignments and can apply for other roles at JP Morgan.

Portfolio Pulse from Anusuya Lahiri

June 01, 2023 | 3:47 pm

ACN

Accenture has acquired Nextira, an AWS Premier Partner, to expand its engineering capabilities in AI and machine learning. Nextira's nearly 70 employees will join the Accenture AWS Business Group, focusing on media and entertainment industry clients.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 3:13 pm

ACN

Accenture has acquired Bourne Digital, an Australian company specializing in SAP Business Technology Platform, to strengthen its SAP digital design capabilities in Australia. The acquisition will particularly benefit industries such as financial services, resources, consumer goods, health, and travel.

Portfolio Pulse from Lekha Gupta

June 01, 2023 | 2:59 pm

GS

Goldman Sachs President John Waldron announced that the bank is in the process of selling fintech firm Greensky, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 2:55 pm

LFST

LFSWF

Lifeist Wellness Inc. (OTC:LFSWF) (TSXV:LFST) (FRANKFURT:M5B) will acquire Zest Cannabis for $3.4 million in an all-stock transaction. The acquisition is expected to generate additional revenue streams for Lifeist through royalty and licensing agreements.

Portfolio Pulse from Vuk Zdinjak

June 01, 2023 | 2:40 pm

JPM

JPMorgan Chase & Co will close 21 branches of First Republic Bank, accounting for a quarter of its branches, as it integrates the failed lender into its operations. Affected employees will be offered six-month transition assignments and can apply for other roles at JPMorgan.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 1:37 pm