An affiliate of Peak Rock Capital, a prominent middle-market private investment firm, today announced a definitive agreement for the sale of Paragon Healthcare, Inc. to Elevance Health (NYSE: ELV). This move signifies a major shift in the healthcare industry, with Paragon, a leader in ambulatory and home infusion services, joining one of the industry’s major […]
In a shocking turn of events, a small, single-engine plane crashed into the parking lot of a shopping centre in Texas on Tuesday night, local time. The crash led to a massive fire outbreak, causing extensive damage and igniting multiple vehicles in the busy lot. Massive Fire and Emergency Response The Plano Police Department (PPD) […]
In an effort to broaden its onshore footprint and enhance its presence in the rapidly evolving global Private Equity (PE) market, Persistent Systems, an Indian digital engineering firm, has unveiled its latest initiative: the Private Equity (PE) Value Creation Hub in Plano, Texas. This strategic launch is set to extend Persistent Systems’ expertise across the […]
Swedish-Swiss multinational corporation ABB has agreed to divest its power conversion division to AcBel Polytech, a Taiwan-based switching power supplies manufacturer, in an all-cash transaction valued at $505 million. The transaction marks the final divestment of ABB’s previously announced division portfolio measures. The power conversion division offers end-to-end power conversion solutions for mission-critical applications in […]
Wipro said that it has opened its first ever @now Studio in Texas in partnership with US software company ServiceNow for supporting digital transformations for customers, boost innovation, and develop unique solutions for industries. According to the Indian IT services provider, the @now Studio taps ServiceNow’s digital workflows and simplified processes for developing personalized solutions. […]
Hellman & Friedman (H&F) has wrapped up its previously announced $2.8bn acquisition of American furniture store chain At Home Group. With the closing of the deal, At Home Group has become a privately owned company, and has been delisted from the New York Stock Exchange (NYSE). As per the deal signed in May 2021, shareholders […]