First Bancorp Signs Merger Agreement to Acquire Carolina Bank Holdings
- 7 years 10 months ago
- M&A Deals
First Bancorp (Nasdaq: FBNC) the parent company of First Bank, announced today the signing of a definitive merger agreement under which First Bancorp will acquire Carolina Bank Holdings, Inc. (Nasdaq: CLBH) the parent company of Carolina Bank, in a cash and stock transaction with a total current value of approximately $97.3 million, or $19.26 per share.
Visa Acquired Visa Europe
- 7 years 10 months ago
- M&A Deals
Visa reports the completion of its acquisition of Visa Europe Ltd. The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, 40 million merchant outlets, and 3.0 billion Visa cards worldwide. Visa–branded cards and payment products enable approximately $6.8 trillion in global payments volume annually.
Markit to Acquire Prism Valuation
- 7 years 10 months ago
- M&A Deals
Markit, a leading global provider of financial information services, today announced that it has agreed to acquire Prism Valuation a leading provider of independent valuation and risk analysis of derivatives and structured products. The acquisition will complement Markit’s leading Portfolio Valuations service and enable Markit to offer customers enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit’... more
Clearlake Capital Reports Acquisition of Vision Solutions
- 7 years 10 months ago
- M&A Deals
Clearlake Capital Group, L.P. together with its affiliates (“Clearlake”) today announced that it has completed the acquisition of Vision Solutions, Inc. (“Vision” or the “Company”), a global data protection, high availability and cloud migration software provider with a proven track record of technological innovation on the IBM Power Systems, Windows, and Linux platforms. Financial terms of the transaction were not disclosed.
Citi Acquired Costco U.S. Co-Brand Card Portfolio
- 7 years 10 months ago
- M&A Deals
Citi today announced it has successfully completed the acquisition and conversion of Costco’s U.S. co-brand credit card portfolio from American Express. Citi acquired in excess of $10.5 billion of credit card receivables. As of today, the new Costco Anywhere Visa Card by Citi and Costco Anywhere Visa Business Card by Citi are available exclusively to Costco members.
First State Investments to Acquire Coriance
- 7 years 10 months ago
- M&A Deals
First State Investments and KKR have entered into an agreement by which Coriance, a French district heating company which is currently owned by KKR’s infrastructure funds and a co-investor, will be acquired by First State Investments managed infrastructure funds. The proposed transaction is subject to customary approvals. No financial terms were disclosed.
Hoist Finance Acquires Its First Portfolio in Spain
- 7 years 10 months ago
- M&A Deals
Hoist Finance AB acquired a well-diversified portfolio of non-performing banking claims originated by four regional Spanish banks. The portfolio is made up of approximately 115,000 loans, of which 86,000 are consumer unsecured loans and 29,000 are loans to small and medium-sized enterprises (“SME loans”). The total investment amounts to just over EUR 22 million. The Estimated Remaining Collections ("ERC") amounts to approximately EUR 48 million... more
Broadridge Acquires DST’s North American Customer Communications Business
- 7 years 10 months ago
- M&A Deals
Broadridge Financial Solutions, Inc. has entered into a definitive agreement to acquire the North American Customer Communications (“NACC”) business of DST Systems, Inc. (NYSE:DST) for $410 million in cash, subject to customary working capital and other closing adjustments.
Randstad Acquires Europe’s Leading Freelance Marketplace twago
- 7 years 10 months ago
- M&A Deals
twago, Europe’s leading freelance marketplace, has announced its acquisition by Randstad, a pioneer in the world of HR service providers. With access to more than 500,000 ready-to-work freelancers, the acquisition of twago will advance both parties’ mission of transforming the world of online work and on-demand staffing.
PenFed and Alamo Federal Credit Union Join Forces as One Company
- 7 years 10 months ago
- M&A Deals
PenFed Credit Union announced today that San Antonio's Alamo Federal Credit Union has accepted its proposal to merge. The partnership leverages PenFed's pricing power and leading edge technology to bring greater value to more than 6,000 new members who will be gained through the merger.
Broadridge Acquires 4sight Financial Software Limited
- 7 years 10 months ago
- M&A Deals
Broadridge Financial Solutions, has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, a leading provider of securities finance and collateral management systems to financial institutions worldwide.
Microsoft Reports Acquisition of LinkedIn for $26.2 Billion
- 7 years 10 months ago
- M&A Deals
Microsoft Corp. (Nasdaq: MSFT) and LinkedIn Corporation (NYSE: LNKD) on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid... more
Equifax Encourages to Use a Second Layer of Authentication
- 7 years 10 months ago
- Security, Authentication Technology, M&A Deals
Following the news that millions of Twitter passwords have been leaked on the dark web, John Marsden, Head of ID and Fraud at Equifax, explains the dangers the population face as technology continues to evolve at an alarming rate:
Symantec to Acquire Blue Coat for $4.651 Billion in Cash
- 7 years 10 months ago
- M&A Deals
Symantec and Blue Coat, Inc. report that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board... more
IKONIC Fund Services Acquired by Horseshoe Group
- 7 years 10 months ago
- M&A Deals
Horseshoe Group ("Horseshoe") acquires IKONIC Fund Services ("IKONIC") to form a leading independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets.
