This was the year for closing deals, with merger and acquisition (M&A) activity around the world tallying $5.63 trillion and shattering records set 15 years ago, Reuters reported on Monday (Dec. 21), citing data from Dealogic. M&A volumes were up 63 percent by Dec. 16....
International money service provider OFX Group Limited has announced an agreement to acquire Firma, a global foreign exchange service, a press release says. The sale will go forward for $98 million. Firma is based in Edmonton, Canada and was founded in 1998. The company services...
The parent company of Turkish eCommerce platform Hepsiburada said on Friday (Dec. 17) that it has entered into a definitive agreement to buy Turkish consumer finance company Doruk Finasman for the equivalent of $1.3 million. Parent company D-MARKET Electronic Services & Trading stated in a...
Aggregator and digital ordering technology company Waitr Holdings Inc. signed a non-binding letter of intent Friday (Dec. 17) to acquire cannabis-focused point of sale (POS), inventory and compliance software platform Retail Innovation Labs Inc. dba Cova. “We believe that the Cova POS solution will be...
Payments and invoice management platform Bottomline Technologies will become a privately held company following a planned $2.6 billion acquisition by software investment firm Thoma Bravo. The company announced the acquisition Friday (Dec. 17), saying the all-cash transaction would likely close in the second quarter of...
Software giant Oracle is in discussions to acquire electronic medical records firm Cerner in a potential deal that could be worth $30 billion, the Wall Street Journal reported, citing sources. If the deal closes, it would be the largest acquisition to date for Oracle, which...
Digital finance platform MoneyLion Inc. will acquire B2B FinTech Even Financial Inc. as part of a deal worth $360 million to $440 million, according to a Thursday (Dec. 16) press release. Using a convertible financing structure that values MoneyLion at its initial public offering (IPO) price of...
Brazilian FinTech Ebanx announced on Wednesday (Dec. 15) that it had paid $229 million to acquire international money transfer service Remessa Online. According to Reuters, Ebanx co-founder João Del Valle said Remessa’s remittance service will compliment Ebanx’s payments business, which is focused primarily on processing...
On Wednesday (Dec. 15), third-party aggregator Thrasio Holdings, Inc. — which boasts more than $1 billion in annual revenue and more than 200 brands under its stewardship — added product development and launch capabilities to its prowess as an acquirer. Per a press release, Thrasio...
