McNeil & Company, a provider of specialized risk assessment and insurance solutions, has acquired Penflex, a company which serves emergency service organizations with the actuarial and administrative services of Length of Service Award Programs (LOSAP). Financial terms of the deal were not disclosed by the parties. LOSAP are pension-like programs designed to help communities mainly […]
Nationwide, through its $100 million venture capital investment fund, has made investments in healthcare management consultant Vesta Healthcare and KINETIC, a smart wearable device and software platform maker. Headquartered in New York, Vesta Healthcare provides round-the-clock technology and clinical services to support caregivers. Nationwide invested in the Vesta Healthcare’s Series A round. Erik Ross – […]
An investor consortium led by funds managed by Stone Point Capital and Further Global has struck a $4.2 billion deal to acquire financial consultancy firm Duff & Phelps from Permira funds and others. As per the terms of the deal, Permira funds will retain a significant minority stake in Duff & Phelps, which is engaged […]
Frederick Wildman and Sons, a fine wines and spirits importer, and Italian wine brand Riunite will launch a new line of Canned Sangrias in the US this spring. Riunite Canned Sangria will be rolled out nationwide starting from April 2020 and will be available in four-pack cases of 250ml cans, priced at $9.99. The latest […]
THG acquisition of BR Vital Brokerage : US middle market insurance agency The Hilb Group (THG) has acquired acquisition of New York-based BR Vital Brokerage (BRV) for an undisclosed price, as per the latest insurance acquisition news. BR Vital Brokerage is an independent insurance brokerage firm, which mainly offers property and casualty insurance. The insurance […]
BTX-A51 phase 1 trial : US biotech company BioTheryX has initiated patient dosing in its first clinical program of its small molecule BTX-A51 in patients having relapsed/refractory acute myeloid leukemia (AML), and also in high-risk myelodysplastic syndrome patients. The phase 1 clinical trial of BTX-A51 will assess the safety, pharmacokinetics, and tolerability of the oral […]
Southeastern Trail expansion project FERC approval : The Williams Companies has been granted a certificate of public convenience and necessity for the Southeastern Trail project from the US Federal Energy Regulatory Commission (FERC). Southeastern Trail is an expansion of the Transco pipeline system aimed at giving additional pipeline capacity to cater to the Mid-Atlantic and Southeastern […]
Clayton, Dubilier & Rice (CD&R), a New York-based private equity firm, has signed an all-cash deal worth $205 million to acquire Cynosure, a medical aesthetics technology company, from US medical device company Hologic. Based in Massachusetts, Cynosure provides medical aesthetic treatment systems for plastic surgeons, dermatologists, medical spas and other healthcare practitioners. Cynosure’s product portfolio […]
US drinks companies Constellation Brands and E. & J. Gallo Winery have agreed to revise their previously announced $1.7 billion deal in order to address regulatory concerns, as per the latest drinks acquisition news. Constellation Brands said that the revisions to the transaction are to resolve competitive issues brought up by the US Federal Trade […]
PepsiCo acquisition of BFY Brands : Soft drinks and snacks giant PepsiCo has agreed to acquire BFY Brands, the owner of PopCorners snacks for an undisclosed price as per the latest food acquisition news. BFY Brands, which was established in 1998 in Liberty, New York, will come under PepsiCo’s Frito-Lay North America division upon closing […]