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Acquisitions Mergers

ACN

Accenture Ventures has invested in Martian, a tech company with a patent-pending large language model router. Accenture plans to integrate Martian's technology into its services to enhance AI systems.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:06 pm

PX

P10 has announced an agreement to acquire Qualitas Funds for $63 million, marking its entry into the European market with $1 billion in fee-paying assets under management and over 1,300 limited partners. The acquisition is expected to be accretive to ANI per share by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:05 pm

LRHC

La Rosa Holdings Corp (NASDAQ: LRHC) plans to acquire a real estate brokerage firm with over 950 agents, aiming to expand its agent base to 4,000 by year-end. The acquisition includes a SaaS platform and is expected to boost La Rosa's revenue to $100 million by 2024.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 12:02 pm

LRHC

La Rosa Holdings has announced its intent to acquire a real estate brokerage firm with over 950 agents and more than $19 million in revenue for 2023. This acquisition could significantly expand La Rosa's market presence and revenue base.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:00 pm

LH

Cinven is selling a 15% indirect minority stake in SYNLAB to Labcorp for €140 million. Labcorp, a US-based leader in laboratory services, will join the holding company board with Cinven and other co-investors.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:50 am

MMSI

Merit Medical expects its acquisition of Cook Medical to be modestly dilutive to its full-year 2024 non-GAAP profitability due to the partial-year contribution. The company has updated its 2024 financial guidance to reflect this acquisition and will discuss it further in their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:09 am

AES

AES Corporation has sold a 30% stake in AES Ohio to CDPQ for $546 million. This transaction is expected to enhance AES Ohio's future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:08 am

MMSI

Merit Medical has signed a definitive agreement to acquire Cook Medical's Lead Management portfolio for $210 million. The transaction will be funded through cash and borrowings, with an expected closing in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:06 am

SITC

SITE Centers has sold 13 properties for $714.3M and used part of the proceeds to repay $159M of its mortgage facility. The company also acquired six shopping centers for $111.2M. Curbline, a spin-off, will be capitalized with $600M cash and a $400M line of credit.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:00 am

SITC

SITE Centers has announced Gerald Morgan as the new CFO following the spin-off of Curbline. Morgan, previously CFO at Four Corners Property Trust, will replace Conor Fennerty, who will join Curbline as CFO.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 10:36 am