Tag Archives: Mergers and acquisitions

Private equity group reportedly nearing a $30 billion deal to buy medical supply maker Medline

A worker at Medline Industries gathers exam gloves to include into Personal Protection Equipment (PPE) kits to be shipped out to various health facilities at their warehouse in Mundelein, Illinois, U.S., on Monday, Oct. 20, 2014. Photographer: Tim Boyle/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A group of private equity firms, including […]

Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion

E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical […]

These are the 2021 CNBC Disruptor 50 companies

In the ninth annual Disruptor 50 list, CNBC highlights the private companies leading out of the pandemic with business models and growth rates aligned with a rapid pace of technological change.  Investors have taken notice that the companies on the 2021 Disruptor 50 list have become critical players in fundamental economic and consumer transformations. A […]

Wheels Up revenue surges 68% amid robust demand for private jet travel

Wheels Up is a new airline travel company co-founded by Bill Allard who stands in front of a new Beechcraft 350i King Air turbojet plane with only 30 hours on it. John Tlumacki | The Boston Globe | Getty Images Private jet company Wheels Up reported a 68% jump in first-quarter revenue and 56% increase […]

Oatly shares soar 24% in public market debut on Nasdaq

Oatly shares soared 24% during the company’s public market debut on Thursday. The stock’s opening trade was $22.12 just before noon, giving it a market value of $13.1 billion and putting shares about 30% above the initial public offering price. Shares lost some of those gains in the minutes following the first trade. On Wednesday […]

Bullish baby boomers help fuel red hot small business M&A market

People enjoy a stroll through Historic Annapolis Main Street in Annapolis, Maryland on April 29, 2021. Marvin Joseph | The Washington Post | Getty Images For Mitch Hughes, chief executive of Vizz, a construction management software firm he founded in 1996, the pandemic created ideal conditions for acquisitions.    Vizz, which runs a visualization platform […]

Walmart’s former e-commerce chief Marc Lore says venture firm with A-Rod will make big bets on digital retail

Walmart‘s former e-commerce chief Marc Lore said he’s ready to make big bets on digital retail as he teams up with baseball star Alex Rodriguez on a new venture capital firm. In an interview on CNBC’s “Squawk Box,” the serial entrepreneur said they will write bigger checks and take bigger stakes in early-stage companies. For […]

Barnes & Noble owner buys stationery retailer Paper Source out of bankruptcy

The Paper Source store with its Easter display is shown closed on Boylston Street on April 08, 2020 in Boston, Massachusetts. Maddie Meyer | Getty Images News | Getty Images Elliott Investment Management, the owner of Barnes and Noble, said Tuesday it will acquire gift and stationery retailer Paper Source. The acquisition will provide Paper […]

L Brands to spin off Victoria’s Secret by August, hoping to nab higher valuation

Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images L Brands said Tuesday it will spin off its Victoria’s Secret brand rather than selling it. The company said it received interest from and held discussions with multiple potential […]

Chinese hotel chain Atour is seeking a $2 billion U.S. listing as tourism rebounds

Shanghai-based Atour will be hoping to benefit from a rebound in tourism in China as it gears up for a U.S. initial public offering. Wang Gang | Visual China Group | Getty Images GUANGZHOU, China — Chinese hotel chain Atour is exploring an initial public offering (IPO) in the U.S. which could value it at […]

The Macao investors in that mysterious $100 million New Jersey deli sure are hard to find

The office building on Avenida Da Praia Grande in Macao, China, the address for multiple entities listed as investors in Hometown International, the owner of a single New Jersey deli. Catarina Domingues | CNBC You can buy an actual sandwich at that mystery New Jersey deli — but good luck finding some of the biggest […]

L Brands’ Victoria’s Secret reportedly back in sale talks targeting higher valuation

Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters L Brands is back in sale talks with potential buyers for its Victoria’s Secret lingerie brand, according to a new report, where it […]

Trip.com up more than 4% in Hong Kong IPO; top executive expects ‘record number’ of China travelers

Online travel agency Trip.com made a strong debut in Hong Kong on Monday, with shares rising more than 4% from their issue price in afternoon trade. The China-based company now joins other U.S.-listed Chinese tech heavyweights such as Alibaba, JD.com and Baidu that have returned closer to home via secondary offerings in Hong Kong. It […]

Danish energy giant Orsted is pivoting to onshore wind in new $684 million deal

Closeup of a wind turbine nacelle on blue sky. lupmotion | iStock | Getty Images Orsted said Friday it had reached an agreement with Brookfield Renewable to purchase a 100% equity interest in the latter’s Irish and U.K. onshore wind business, Brookfield Renewable Ireland. Orsted said the deal would see it enter Europe’s onshore market. […]

Hollywood mourns the closure of the Cinerama Dome, but there’s hope for the landmark

People wearing protective face masks walk by the closed Cinerama Dome theatre during the coronavirus pandemic on April 18, 2020 in Los Angeles, California. David Livingston | Getty Images Entertainment | Getty Images Towering 75 feet tall, the Pacific Cinerama Dome on Sunset Boulevard in downtown Los Angeles is a fixture in the community. On […]