Acquisitions

Acquisitions
London Stock Exchange Group Closes $325M Deal for TORA
February 22, 2022

The London Stock Exchange Group (LSEG) closed a $325 million all-cash acquisition deal for TORA, a single platform for execution, order and portfolio management system (EMS, OMS and PMS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Acquisitions
SoFi Pays $1.1B For Banking Software Firm Technisys
February 22, 2022

SoFi Technologies will pay roughly $1.1 billion for banking-software company Technisys, part of a series of deals by the personal finance firm to bolster its banking offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Acquisitions
FinTech Concierge Platform 100Group Buys Collections Software Firm ReCo
February 21, 2022

FinTech concierge platform 100GROUP has bought ReCo Cashiering system from Norton Technologies, according to a Monday (Feb. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Acquisitions
Nexi Makes $400M Bid for Payment Unit of BPER Banca
February 21, 2022

Nexi, an Italian company working in payments, is in a $400 million bid for the payments unit of BPER Banca, according to a Monday (Feb. 21) Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Acquisitions
Singapore FinTech M-DAQ Buys Wallex in Prep for IPO
February 21, 2022

FinTech startup M-DAQ has bought B2B cross-border payment provider Wallex to help it expand more in Southeast Asia, according to a company release (Feb. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Acquisitions
GXO Logistics to Buy Clipper Logistics, Solidifying Supply-Chain Management
February 21, 2022

GXO Logistics has reached an agreement to buy Clipper Logistics for £943 million ($1.28 billion), Bloomberg reported Sunday (Feb. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Acquisitions
Mitchell & Ness Goes to Group Led by Fanatics and Jay-Z for $250M
February 18, 2022

Sportswear retailer Fanatics, rappers Jay-Z, Meek Mill and Lil Baby, and entrepreneur Maverick headline the star-studded new owners of retro sports apparel company Mitchell & Ness, Yahoo Sports reported Friday (Feb. 18). They teamed up with the D’Amelio family to pay $250 million, with Fanatics...

Acquisitions
Volkswagen, Huawei Negotiate Autonomous Driving Unit Deal
February 17, 2022

Volkswagen might be gearing up for an autonomous driving unit — it’s in talks with Huawei to buy its version of that, a Reuters report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Acquisitions
Webster Bank Close to Snapping up HSA Platform Bend Financial
February 16, 2022

Webster Financial Corporation is getting close to finalizing an acquisition deal for Bend Financial, a cloud platform for health savings accounts (HSA), according to a press release on Wednesday (Feb. 16). The financial terms were not disclosed. Get the Full Story Complete the form to...