In a significant move within the private equity landscape, Morgan Stanley Capital Partners (MSCP) has agreed to sell Sila Services, a leading provider of residential heating, ventilation, and air conditioning (HVAC) services, to the Private Equity business at Goldman Sachs Alternatives. This transaction comes approximately three years after MSCP’s initial investment in Sila, reflecting the […]
Cloudflare’s stock price plunged during premarket trading today, with shares falling sharply as the company’s fourth-quarter and full-year revenue guidance disappointed investors. The content delivery network and cybersecurity firm’s projection missed Wall Street expectations, leading to a dip of nearly 10% in premarket trading. Revenue Guidance Sparks Sell-off The premarket sell-off comes after Cloudflare revealed […]
Wealth management firms are bracing for a monumental shift as AI budgets are projected to more than double, according to a new Wipro survey. With AI investments expected to jump from 16% to 37% of IT budgets over the next few years, the industry is undergoing one of its most significant transformations yet. This surge […]
Blueprint Finance, the New York-based developer behind the Concrete Network, has strategically acquired Jet Protocol to broaden its decentralized finance (DeFi) offerings on the Solana blockchain. This acquisition brings a powerful new dimension to Blueprint’s product suite, positioning the company to solidify its role as a prominent provider of innovative on-chain financial tools. With the […]
Keurig Dr Pepper (NASDAQ: KDP) has announced a $990 million agreement to acquire a 60% stake in the disruptive energy drink brand GHOST Lifestyle LLC, with plans for a complete buyout by 2028. This acquisition is a key step for Keurig Dr Pepper, marking its expansion into the booming energy drink market, with the transaction […]
Summit Materials, Inc. (NYSE: SUM) has received a significant non-binding acquisition proposal. While specific details remain under wraps, the company confirmed that it has initiated early discussions with the interested party. Summit’s Board of Directors, alongside its advisory teams, Morgan Stanley & Co. LLC and Evercore, is rigorously evaluating the offer to decide on a […]
Sanofi has confirmed its exclusive negotiations with Clayton, Dubilier & Rice (CD&R) for the sale of a 50% stake in its consumer healthcare business, Opella. This deal, valued at around $16.4 billion (€15 billion), is one of Europe’s largest transactions in 2024 and underscores the pharmaceutical giant’s shift toward focusing on innovative medicines and vaccines. […]
Vista Outdoor Inc. (NYSE: VSTO) has entered into two major agreements that could reshape the future of the company and drive significant value for stockholders. The company announced an agreement to sell Revelyst to Strategic Value Partners, LLC (SVP) for $1.125 billion, while increasing the purchase price of The Kinetic Group by Czechoslovak Group (CSG) […]
Reckitt Benckiser Group plc, the global consumer goods company, is making waves in the market with its plans to sell its £6 billion homecare assets, a bold step to streamline its business and focus on high-growth areas. The company has entered into early discussions with potential buyers, including both financial investors and consumer companies, to […]
Massachusetts securities regulator William Galvin has imposed a $2 million fine on Morgan Stanley for failing to prevent insider trading by a former First Republic Bank executive. This enforcement action highlights a severe compliance lapse by Morgan Stanley, which allegedly allowed its client, former First Republic CEO James Herbert II, to trade on potentially material […]