Tower Arch Capital-backed Intelligent Technical Solutions, a provider of managed cybersecurity and IT services, completed the acquisition of Black Breach, a provider of managed cybersecurity and compliance services, according to press releases. Financial terms were not disclosed.
ITS was advised by BDO and Holland & Hart. Debt financing was provided by Deerpath Capital Management, according to press releases.
An investor consortium including Jonathan Scott, Tom Proulx, David Marquardt and Allen Sands, completed the acquisition of Phyn, an intelligent water brand, from Belkin, a consumer electronics company, according to press releases. Financial terms were not disclosed.
Phyn was advised by Illume PR (led by
Zella Panossian)
, according to press releases.
Summit Financial, an investment advisory firm, completed the investment in Parsons Broach Financial Services, an investment advisory and financial planning services provider, according to press releases. Financial terms were not disclosed.
Summit Financial was advised by Chapman Communications Group (led by
Samantha Chapman)
, according to press releases.
Peak Technology, a provider of advanced prototyping and manufacturing solutions, completed the acquisition of Jinxbot, an additive manufacturing and design company, according to press releases. Financial terms were not disclosed.
LBT Holdings, a strategic partnership between Levant Advisors and Quantfury, completed the acquisition of Gonet Bank & Trust, a Bahamas-based private bank, from Gonet, a Swiss private bank, according to press releases. Financial terms were not disclosed.
John Deere, an agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains manufacturer, completed the acquisition of Sentera, a provider of remote imagery solutions for agriculture, according to press releases. Financial terms were not disclosed.
Hard Rock, a hospitality and entertainment brand, completed the acquisition of a majority stake in Globe Entertainment and Media, a company owning private archives of music, celebrity and film photography assets, according to press releases. Financial terms were not disclosed.
CommScope explores $10bn sale of broadband connectivity unit. (
Bloomberg)
CommScope is exploring the sale of its broadband connectivity and cable segment as part of a broader strategy to reduce debt. The company has engaged an adviser to assess buyer interest in the asset.
The CCS unit could be valued at up to $10bn, and the potential divestment marks a significant step in CommScope’s efforts to streamline operations and strengthen its balance sheet.
Salesforce revives talks to acquire Informatica. (
WSJ)
Salesforce is in renewed discussions to acquire Informatica, a software company specializing in data management and integration. The potential deal revives a takeover pursuit that was shelved last year.
An agreement could be announced as early as this week. If completed, the acquisition would further bolster Salesforce’s enterprise data capabilities.
OnlyFans owner in talks to sell platform at a $8bn valuation. (
Reuters)
Leonid Radvinsky, the owner of OnlyFans, is in discussions to sell the content subscription platform in a deal that could value the company at approximately $8bn.
Talks are underway with an investor group led by Forest Road, a Los Angeles-based firm focused on media and entertainment investments. The potential sale follows growing interest in digital creator platforms amid shifting consumer trends.
JBS, a Brazilian multinational food company, secured shareholder approval for its dual listing plan, paving the way for its shares to trade on both the New York Stock Exchange and Brazil’s B3.
The move marks a significant milestone for the Brazilian meatpacking giant, which was founded 72 years ago in the country’s interior.
Caris Life Sciences files for IPO, plans Nasdaq listing under “CAI”. (
Press Release)
Caris Life Sciences, a Texas-based AI-driven precision medicine company, filed a registration statement with the SEC for a proposed initial public offering of its Class A common stock.
Details such as the number of shares and pricing range have not yet been disclosed. Caris plans to list its shares on the Nasdaq Global Select Market under the ticker symbol “CAI”, marking a key step in its expansion as a next-generation TechBio platform.
Clara Capital Servicing, a provider of alternative financial solutions for small and medium-sized businesses, announced that it has achieved a major growth milestone by surpassing $300m in SMB funding.
“These milestones represent Clara’s evolution from a fast-growing lender to a fully integrated fintech platform,” Ryan Adwar, Clara Capital CEO.
Four prominent Paul Weiss partners leave to launch a new law firm. (
New York Times)
Four high-profile partners at Paul, Weiss, Rifkind, Wharton & Garrison - Bill Isaacson, Jeannie Rhee, Jessica Phillips, and Karen Dunn - announced their departure on May 23 to launch a new legal practice.
The attorneys are recognized for their work representing major corporations like Alphabet, Apple, and Amazon, as well as their roles in political legal strategy for figures such as Vice President Kamala Harris and Hillary Clinton.
