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Acquisitions Mergers

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE: KKR) has made two new investments in Asia, acquiring a majority stake in Baby Memorial Hospital in India and leading a $140 million Series E funding round for SmartHR in Japan. KKR's stock has gained over 86% in the last 12 months, and investors can gain exposure through FM Focus Equity ETF (NYSE: FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS: LBO).

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 10:41 am

BW

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has sold its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova AG for $87 million. The proceeds will be used to reduce debt and increase liquidity. The company reiterated its FY24 Adjusted EBITDA target range of $105-$115 million.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 10:32 am

BLK

FDFF

NITE

BlackRock (NYSE:BLK) plans to acquire Preqin for $3.2 billion, enhancing its Aladdin platform with private markets data. The deal is expected to close by the end of 2024, pending regulatory approvals. This acquisition positions BlackRock to capitalize on the rapidly growing private markets sector.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 10:01 am

TTE

TotalEnergies has acquired Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). Tecoil operates a facility in Finland and has developed a circular economy network for collecting and re-refining used lubricants. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:05 am

KKR

KKR has acquired a controlling stake in Baby Memorial Hospital (BMH) to enhance healthcare services in India. The financial terms were not disclosed. KKR's investment aims to support BMH's expansion and improve healthcare accessibility in India.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:40 am

CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) has acquired the assets of ISE America, Inc. for $110 million, expanding its production capacity significantly. The acquisition includes facilities for 4.7 million laying hens, feed mills, 4,000 acres of land, and an extensive customer distribution network.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:23 am

BA

SPR

Boeing (NYSE:BA) is set to acquire Spirit AeroSystems (NYSE:SPR) in an $8.3 billion deal, offering $37.25 per share in Boeing common stock. This represents a 30% premium to Spirit's closing stock price on February 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:02 am

KKR

KKR and Teachers' Venture Growth have announced a $140M Series E fundraise for SmartHR, with participation from existing shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:58 am

ACN

Accenture (NYSE:ACN) has completed the acquisition of OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral, to enhance its digital technology offerings. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:56 am

BLK

BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data, for £2.55 billion (approximately $3.2 billion) in cash.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:53 am