Here’s a list of key deals reported across sectors this week:
- KORE Group Holdings (KORE) on Friday said that Searchlight Capital Partners and Abry Partners have entered into a definitive merger agreement to acquire all outstanding shares of the company not already owned by the firms in an all-cash transaction valued at approximately $726 million. Shares of KORE surged ~80% in premarket trading following the announcement.
- Equinix (EQIX) and Canada Pension Plan Investment Board (CPP Investments) have entered into a joint agreement to purchase atNorth, a pan-Nordic data center operator, from Partners Group for $4B.
- Digital retail solutions provider Brink’s (BCO) on Thursday said it would acquire NCR Atleos (NATL) in a cash and stock deal valued at about $6.6 billion.
- Crispr Therapeutics (CRSP) quickly rose 5% amid some takeover speculation. Vertex Pharmaceuticals (VRTX) is speculated to be the company that has been studying a potential acquisition of Crispr (CRSP) since late last year, according to traders, who cited a Betaville “uncooked” alert that was circulating on Thursday.
- Arthur J. Gallagher (AJG) has acquired Germany-based Krose GmbH & Co KG. Terms of the transaction were not disclosed. Founded in 1920, Krose provides commercial insurance and reinsurance solutions for corporate clients across Germany and specializes in the design and placement of complex programs.
- PayPal (PYPL) soared 7.6% after a report that Stripe is considering an acquisition of all or parts of the company. Payment processing firm Stripe has indicated preliminary interest in a potential purchase of PayPal or its assets, according to a Bloomberg report on Tuesday.
- TopBuild (BLD) has entered into an agreement to acquire Johnson Roofing, a commercial roofing installation services company in Texas with about $29M in annual revenue.
- Accenture (ACN) has agreed to acquire Verum Partners to expand its capital projects capabilities in Latin America. Terms of the transaction were not disclosed. Completion is subject to customary closing conditions, including regulatory approvals.
- Veris Residential (VRE) is set to be acquired by an investor consortium led by Affinius Capital for an implied enterprise value of $3.4B. Shares were 13.3% higher at $19.0 Monday premarket after the multifamily REIT reported Q4 earnings and revenue that exceeded Wall Street estimates.