The European Commission will not oppose the proposed acquisition of payment technology provider Nuvei by private equity firm Advent International. European Commission Director-General Olivier Guersent notified the buyers of the decision in a Tuesday (July 16) letter, saying the deal is compatible with the internal...
In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket spend across verticals like home, auto and more, leading consumers to scale back on nonessential retail purchases. But as Synchrony...
The Macy’s board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence process, Macy’s said in a Monday (July 15) press release. “At this time, after careful review,...
Ryder System plans to expand its retail mobile maintenance offering with an acquisition of Pit Stop Fleet Service. The company entered into an agreement to acquire Pit Stop and expects to complete the transaction by Aug. 1, subject to customary closing conditions, Ryder said in...
June 28, 2024
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from InsurTech provider Huize, which saw its stock top the $1 mark after a rocky Q2 in which its share price slipped below $0.57. In an […]
May 14, 2024
The FinTech landscape may be altered by go-private deals, as private equity firms and other corporates find value in the space — and where, arguably, valuations don’t reflect the potential...
April 02, 2024
2019, the year of the payments industry mega-deals, seems long ago and far away. Before the pandemic, the headlines were awash in waves of verticalization, where large firms scooped up...
February 29, 2024
The news that Capital One has launched a $35 billion bid to acquire Discover Financial has shaken up the financial services industry. Jim McCarthy, CEO of Thredd, told Karen Webster...
July 18, 2024
Meta is reportedly looking to buy a stake in its smart glasses partner EssilorLuxottica. The tech company is in talks to acquire a 5% stake in the eyewear maker, which owns the Ray-Ban brand, The Wall Street Journal (WSJ) reported Thursday (July 18), citing unnamed sources. A 5% stake could be valued at about 4.5 […]
July 17, 2024
The European Commission will not oppose the proposed acquisition of payment technology provider Nuvei by private equity firm Advent International. European Commission Director-General Olivier Guersent notified the buyers of the...
July 15, 2024
The Macy’s board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence...
July 15, 2024
Ryder System plans to expand its retail mobile maintenance offering with an acquisition of Pit Stop Fleet Service. The company entered into an agreement to acquire Pit Stop and expects...
