NEW YORK: Brown & Brown (BRO.N) announced Tuesday it will acquire rival Risk Strategies and its parent company, Accession Risk Management, in a $9.83 billion deal, expanding its capabilities in property and casualty insurance as well as employee benefits. The acquisition is part of a wave of consolidation in the highly fragmented insurance brokerage industry, where major…
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Wayve, Uber to launch first public autonomous vehicle trials in London
LONDON: Wayve and Uber Technologies Inc. announced plans Tuesday to develop and test Level 4 autonomous vehicles on public roads in London, marking the largest market where Uber has proposed such a pilot. The collaboration combines Wayve’s AI-driven autonomous vehicle platform with Uber’s global ride-hailing network, advancing efforts to deploy self-driving cars at scale in Europe….
Vantage Data Centers raises €720 million in European securitization deal
U.S. data center operator Vantage Data Centers has secured €720 million ($821.4 million) in Europe’s first euro-denominated asset-backed securitization (ABS) deal involving data center assets, the company announced Tuesday. The transaction, backed by four of Vantage’s German facilities—two in Berlin and two in Frankfurt—marks a milestone in European data center financing. The bonds issued carry an average…
VinaCapital sells stake in Vietnam’s leading private healthcare network
HANOI: VinaCapital Vietnam Opportunity Fund (VOF), a London-listed closed-end fund managed by VinaCapital, has sold its stake in Tam Tri Medical Joint Stock Company (TTMC), Vietnam’s leading private healthcare network, to a prominent healthcare-focused private equity firm in South and Southeast Asia. Financial terms of the deal were not disclosed. VOF initially invested in TTMC in 2018…
Warner Bros. Discovery to split into two public companies in tax-free separation
LOS ANGELES: Warner Bros. Discovery announced Monday it will separate into two independent, publicly traded companies in a tax-free transaction aimed at maximizing growth potential for its streaming and studio division and its global networks business. The move, expected to be completed by mid-2026, will create Streaming & Studios, housing major entertainment brands like Warner Bros. Television, Warner Bros. Motion Picture Group,…
IonQ to acquire Oxford Ionics in $1.075 billion deal to advance quantum computing
OXFORD: IonQ (NYSE: IONQ), a leader in quantum computing, announced Monday it has entered a definitive agreement to acquire Oxford Ionics in a deal valued at $1.075 billion, combining cash and stock to accelerate the development of high-performance quantum systems. The transaction includes $1.065 billion in IonQ common stock and approximately $10 million in cash, subject to…
ShareVault, AM&AA partner to streamline Middle-Market M&A
ShareVault, a provider of secure document-sharing solutions, has announced a strategic partnership with the Alliance of Merger & Acquisition Advisors (AM&AA), an international organization serving middle-market M&A professionals. The collaboration aims to enhance the due diligence process by integrating ShareVault’s secure platform with AM&AA’s network of dealmakers. The platform offers AI-powered redaction, Clickwrap NDAs, and…
HSBC becomes strategic investor in European fintech Token.io
LONDON: European fintech company Token.io announced Tuesday that HSBC has become a strategic investor, signaling a strengthened partnership focused on advancing account-to-account payment solutions. The investment, revealed at Money20/20 Europe, marks a milestone for Token.io, which has powered HSBC’s Open Payments solution since 2019. The London-based firm specializes in account-to-account (A2A) payment infrastructure, enabling direct bank transactions through open…
Brightstar Capital Partners acquires KZF Design, expanding architectural and engineering reach
NEW YORK: Brightstar Capital Partners, a private equity firm specializing in business services, industrials, consumer, and government services and technology investments, announced Wednesday that it has acquired KZF Design, a multidisciplinary architecture, engineering, and design firm. Mike Burke, former chairman and CEO of AECOM, will serve as chair of KZF’s board of directors and advise…
Hims & Hers to acquire European telehealth platform, Zava
SAN FRANCISCO: Hims & Hers Health announced Tuesday it will acquire European telehealth platform Zava as part of its push to expand globally. The deal, expected to close by mid-year, will broaden the company’s reach into Ireland, France and Germany, growing its active customer base by roughly 50%. Financial terms were not disclosed, but details will be…
Viper Energy to acquire Sitio Royalties in $4.1 billion all-stock deal
MIDLAND: Viper Energy Inc., a subsidiary of Diamondback Energy Inc., announced Monday it has agreed to acquire Sitio Royalties Corp. in an all-stock transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. The deal, expected to close in the third quarter of 2025, will create one of the largest publicly traded mineral…
Braze acquires AI decisioning company OfferFit
NEW YORK: Braze (Nasdaq: BRZE), a leading customer engagement platform, announced Tuesday the completion of its acquisition of OfferFit, an AI decisioning company. The acquisition accelerates the integration of OfferFit’s multi-agent decisioning engine into Braze’s Customer Engagement Platform. The combined technologies aim to enhance automation and machine learning capabilities, helping brands optimize customer interactions. Braze…