NEW YORK: Altana, the world’s first value chain management system, announced a $200 million series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate…
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Cepton Inc. to be acquired by KOITO Manufacturing for $3.17 per share
Cepton Inc. (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, has signed a definitive agreement under which KOITO manufacturing co., ltd., a leading automotive tier one supplier, will acquire all of the outstanding capital stock of Cepton not owned by Koito for $3.17 per share in an all-cash transaction. Cepton…
Casey’s agrees to acquire Fikes, owner of CEFCO Convenience Stores, for $1.145 billion
IOWA: Casey’s General Stores Inc. (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced an agreement to acquire Fikes Wholesale Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price…
Pelican Energy Partners acquires MillenniTek LLC
HOUSTON: Pelican Energy Partners announced the acquisition of MillenniTek, LLC. Headquartered in Knoxville, Tennessee, MillenniTek is a premier developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Since its inception in 2010 as a carve-out of Dyson Group PLC, the Company’s management team has successfully introduced new ceramic product lines and doubled overall…
Cowbell, a provider of cyber insurance, closes $60 million Series C equity investment
CALIFORNIA: Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence in key international markets, bolster…
MNT-Halan has acquired Turkish-finance company Tam Finans
CAIRO: MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market…
LQaaS platform Pitchit raises $2.5 million seed funding, led by Silicon Road Ventures
Pitchit, a pioneer in AI-powered Lead Qualification as a Service (LQaaS), closed an oversubscribed $2.5 million seed round, led by Silicon Road Ventures, with participation from Gray Ventures, Plug and Play, and Alchemist Accelerator.Pitchit’s LQaaS platform, available today, automates the first 24 hours of manual labor required to qualify inbound leads. To date, Pitchit has…
Accela acquires OpenCounter, a permitting and licensing interface provider
CALIFORNIA: Accela, the leading provider of cloud-based solutions for government, announced the acquisition of OpenCounter, a pioneer in streamlining permitting and licensing processes. This strategic move aims to deliver an intuitive, step-by-step guide for residents, businesses, and event organizers seeking licenses or permits from their city, county, or state. OpenCounter’s user-friendly interface simplifies the application…
Archrock Inc. acquire Total Operations and Production Services (TOPS) for $983 million
HOUSTON: Archrock Inc. (NYSE: AROC) has entered into a definitive agreement to acquire Total Operations and Production Services, LLC (TOPS) including approximately 580,000 horsepower of predominantly young electric motor drive compression assets, in a cash-and-stock transaction valued at $983 million. Total Operations and Production Services is a leading provider of contract gas compression services for…
Accenture agrees to acquire Camelot Management Consultants in Germany
MANHEIM: Accenture (NYSE: ACN) has agreed to acquire Camelot Management Consultants, an international SAP-focused management and technology consulting firm from Germany, with specific strengths in supply chain, data and analytics. The acquisition will further enhance Accenture’s SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today’s business landscape…
Heeler Security Inc. secures $8.5 million in seed funding
Heeler Security Inc., a pioneering startup in the application security space, today announced the successful closing of an $8.5 million Seed Series funding round, led by Norwest Venture Partners with significant participation from Storm Ventures. “Application security requires a new approach that focuses on runtime visibility and that’s exactly what Heeler has done,” said David…
Krispy Kreme sells majority stake of Insomnia Cookies at an enterprise value of $350 million
Krispy Kreme Inc. (NASDAQ: DNUT) today announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The transaction represents a $350 million total enterprise value, which has doubled since Krispy Kreme’s 2018 acquisition. “As we build a bigger and better Krispy Kreme, this transaction allows us to focus…