NEW YORK: StoneX Group Inc. (NASDAQ: SNEX) announced Monday that it has reached a definitive agreement to acquire R.J. O’Brien (RJO), the oldest futures brokerage in the United States, in a deal valued at approximately $900 million. The purchase will be financed through a combination of cash and StoneX common stock, with the company also…
All posts in OTC
CW Advisors has acquired Delta Financial Group
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia. “We are excited to welcome another…
Bending Spoons acquires Germany’s komoot
Bending Spoons, a technology company, announced the acquisition of komoot, a Germany-based route-planning platform for outdoor enthusiasts. Komoot, founded 17 years ago, has grown to 45 million users and is Europe’s leading outdoor platform. CEO Markus Hallermann praised Bending Spoons’ expertise in scaling platforms, calling it the ideal partner for komoot’s next phase of growth.…
Pandion Optimization Alliance acquires Blackmaple Group
Pandion Optimization Alliance, a national Group Purchasing Organization (GPO) with a century-long history of delivering cost savings and value to its members, has acquired Blackmaple Group, LLC (BMG), a leading purchasing organization specializing in independent physician practices and women’s healthcare. The acquisition solidifies Pandion’s position as the premier GPO for women’s health providers in the United…
Forever 21 files for bankruptcy again
LOS ANGELES: Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday, marking its second bankruptcy filing in six years as the company struggles with declining mall traffic and fierce competition from online retailers. The U.S. operating company, which operates approximately 350 stores nationwide, said it was unable to find a buyer and will likely liquidate…
Herbalife to acquire Pro2col, Pruvit, and Link BioSciences
LOS ANGELES: Herbalife Ltd. (NYSE: HLF) announced plans to expand its health and wellness portfolio through a series of strategic acquisitions, positioning itself as a leader in personalized nutrition. The company revealed it has signed a binding memorandum of understanding to acquire 100% of Pro2col Health LLC, a health-focused digital platform, and Pruvit Ventures Inc.,…
Euna Solutions acquires AmpliFund
Euna Solutions, a leading provider of best-in-class SaaS solutions purpose-built for the public sector, today announced the acquisition of AmpliFund, a leading grant management platform provider. This strategic move enhances Euna Solutions’ existing grant management product suite, further solidifying its commitment to delivering innovative and comprehensive tools for government agencies, nonprofits, and other public sector…
WNS Holdings has acquired Kipi.ai
WNS Holdings Limited, a digital-led business transformation and services company, announced today that it has acquired Kipi.ai, a leader in data modernization and democratization services focused on the Snowflake platform. Founded in 2021 and headquartered in Houston, Texas, Kipi.ai offers strategy, execution, and managed service capabilities across data engineering, advanced analytics, and data science. The company, recognized…
Prospera Energy acquires White Tundra Petroleum
CALGARY: Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) announced a strategic acquisition to expand its asset portfolio. The company has agreed to acquire 100% of White Tundra Petroleum (WTP), strengthening its base production with significant reactivation opportunities. In the deal, Prospera will issue 18 million common shares to WTP shareholders, contingent on WTP achieving 85…
AlTi Global acquires Kontora Family Office GmbH
NEW YORK: AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth manager, has announced the acquisition of Kontora Family Office GmbH. Kontora, headquartered in Hamburg, Germany, is a multi-family office and asset management company serving ultra-high-net-worth families, entrepreneurs, and select institutions, with assets under management (AUM) of approximately €14 billion. The acquisition advances AlTi’s strategy to…
Airwallex to acquire CTIN Pay in Vietnam
HANOI: Airwallex, a leading global payments and financial platform for growing businesses, has signed definitive agreements to acquire CTIN Pay, an Intermediary Payment Service (IPS) licensed company in Vietnam. The transaction is subject to the customary closing conditions. The acquisition expands Airwallex’s existing licenses across major Asia-Pacific (APAC) markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand,…
KKR to sell Seiyu to Trial Holdings
TOKYO: Leading global investment firm KKR and Japanese supermarket chain Seiyu have entered into definitive agreements to sell Seiyu to Trial Holdings, Inc., a prominent distribution and retail business operator in Japan. Trial operates a network of stores in Kyushu, providing “everyday essentials.” KKR acquired a 65% majority stake in Seiyu from Walmart in 2021, followed by…