This week in #investmentbanking: @Shutterfly, @Lytx, @Sysco, @Viacom, @MonsterEnergy
On the financial sector radar this week: Lytx has been acquired by private equity firm GTCR for $500 million after a successful recovery from near-bankruptcy. Meanwhile, CVC plans to back mid-market tech companies with a $1 billion fund.
Insights
-
Thycotic looks to improve cybersecurity for privileged accounts following the acquisition of companies like Arellia and iSight.
-
PE firm Arsenal is expanding its investments in the rubber and plastic additives industry.
-
Yahoo is currently exploring its options while companies like Time, Inc. consider making an offer to acquire it.
-
It may be time to dust off your resume. HarbourVest Partners is currently looking for a new vice president, making it one of several companies that is seeking senior staff members.
-
Thomas H. Lee has made an offer to buy out Shutterfly.
-
Viacom is seeking a minority investor in the ailing Paramount Pictures.
-
Energy M&A expectations have dropped over the past six months.
Transactions
-
PE firm Wynnchurch is expanding its manufacturing portfolio by adding Texas Hydraulics.
-
Sysco fails to add U.S. Foods to its acquisitions but succeeded with food distributor Brakes Group.
-
Monster Beverage acquires flavors supplier American Fruits, adding to the list of beverage companies that have made recent deals.
-
Oracle has purchased Israeli cloud software company Ravello Systems as part of continued efforts to expand into the cloud services niche.
-
Silicon Valley is feeling the results of investor frustrations with an increase in down rounds for Q4.
-
Owens Corning joins the construction trend with purchase of roofing materials manufacturer InterWrap.
This Day In History (Feb. 24): 1900: New York City Mayor Van Wyck signs the contract for New York’s first rapid transit tunnel, which will join Brooklyn and Manhattan. The groundbreaking ceremony will occur a month later.
- Covid-19 Impact on US Private Capital Raising Activity in 2020 - May 27, 2021
- Healthcare 2021: Trends, M&A & Valuations - May 19, 2021
- 2021 Outlook on Media & Telecom M&A Transactions - May 12, 2021
