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BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. notably integrated Palantir 's Foundry services into its three main modules in late 2021. and climbed to an all-time high of $16.12
The company was created through the merger of analytics company BigBear and systems integrator NuWave by private equity firm AI Industrial Partners. Two other analytic companies were later added to the mix, and the company went public via a special purpose acquisition company ( SPAC ) back in 2021. government defense industry.
Uber subsequently spun off Serve Robotics as an independent company in 2021, but it continued using its delivery robots to fulfill orders in select areas across Los Angeles. Serve Robotics executed a reverse merger with the blank-check company Patricia Acquisition in 2023, which paved the way to its Nasdaq listing at $4 a share on April 18.
The nation’s mergers and acquisitions market remained robust in 2024, recording $18.6bn in deal value, ranking third in the region. Bolt-on acquisitions have become a key strategy, representing 27-31.5% of disclosed deals between 2021 and 2024double the level seen in the mid-2010s.
These funds, which saw rapid growth between 2019 and 2021, provide fresh capital to high-potential assets, ensuring continued value creation. Source: Mergers & Acquisitions Can’t stop reading? Private equity firms are increasingly using continuation funds to extend ownership of portfolio companies.
Endless created Karnova Food Group through the acquisitions of Yorkshire Premier Meat in 2022 and Smithfield Murray in 2023. This sale marks Endless second exit from its 2021 Fund V, following the March 2024 sale of Findel Education to Manutan, a Paris-based specialist in educational supplies with 1bn in annual turnover.
The stake is being purchased from New Mountain Capital, which originally acquired Citrin Cooperman in late 2021 for an enterprise value of about $500m, and marks the first time a major accounting firm has changed private equity hands twice, signalling a rising trend in valuations across the sector.
According to a press statement, the deal, which makes OMERS debut in the MSP space, will “drive Integris’ growth through acquisitions, organic expansion, and investments in its workforce” Founded in 2021 and headquartered in Cranbury, NJ, Integris provides managed IT services tailored to small and mid-sized companies.
Benford formed Pasture Brands Holdings in December 2021 to acquire Iowa-based Farmers Hen House which sources, processes, packages and sells branded and private label eggs with a specific focus on premium varieties including organic, free-range, and pasture-raised eggs.
If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever. Salesforce added Slack for just shy of $28 billion in 2021. Numerous small tuck-in acquisitions have been key, and Cisco has done a bang-up job. If the merger were to take place today, Cisco would nearly double its $3.9
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. In November 2021, BigBear.ai on April 13, 2022.
Trading in the company’s shares was halted on Friday pending an announcement related to mergers and acquisitions. The company’s shares have fallen over 60% since their 2021 peak, significantly underperforming Hong Kong’s Hang Seng Index, which declined about a third during the same period.
The quantum computing startup went public by merging with a special purpose acquisition company (SPAC) on Oct. 1, 2021, and its stock opened at $10.60 IonQ was one such company that missed its pre-merger expectations from 2021 to 2023. IonQ (NYSE: IONQ) has taken its investors on a wild ride over the past three years.
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
It expects its revenue to grow at least 74% in 2024 and rise by more than 88% from that baseline in 2025 as it expands its ecosystem with more acquisitions. Evolv went public through a reverse merger with a blank-check company in July 2021. million in 2021 to $132.3 Metric 2021 2022 2023 Revenue $23.7 million $55.2
VinFast Auto (NASDAQ: VFS) briefly became one of the market's hottest electric vehicle stocks when it went public by merging with a special purpose acquisition company (SPAC) last August. Like many other SPAC-backed EV makers, it ran of of juice as it missed its pre-merger targets and racked up steep losses. just two weeks later.
QuantumScape (NYSE: QS) and ChargePoint Holdings (NYSE: CHPT) were both red-hot stocks during the buying frenzy in electric vehicle (EV) stocks in late 2020 and early 2021. QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. Its shares opened at $24.80
IonQ (NYSE: IONQ) has been a divisive stock ever since it went public by merging with a special purpose acquisition company (SPAC) on Oct. after its merger and nearly tripled to its all-time high of $31 on Nov. It also broadly missed its own pre-merger estimates. IonQ's stock opened at $10.60 Image source: Getty Images.
went public by merging with a special purpose acquisition company ( SPAC ) on Dec. SentinelOne went public via a traditional initial public offering (IPO) at $35 a share on June 30, 2021 but now trades at less than $20. Those AI-driven technologies sound promising, but both stocks disappointed their early investors.
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. How fast is Rocket Lab growing?
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
The HealthComp and Virgin Pulse merger comes as private equity deals have decreased from pandemic-fueled highs. The merger aims to create an integrated platform for employer-sponsored health benefits with hopes of lowering health costs for both members and employers. Fresno, Calif.-based The 2023 MM+M.
The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisition company ( SPAC ), and it started trading at $9.90 in February 2021. In early 2021, United Airlines placed a long-term $1 billion order for 200 of its Midnight aircraft.
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai Why did BigBear.ai
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) in 2022 and subsequently expanded by acquiring the restaurant tech companies SYNQ3 and Allset. Uber subsequently spun it off into a stand-alone company, and it went public via a reverse merger this April. area in the first half of 2024.
The $69 billion merger between Microsoft and Activision Blizzard is one big step closer to completion. As a sign of confidence that it can close the deal, the two companies extended the acquisition contract's deadline to Oct. which has yet to give a thumbs up on the merger. which has yet to give a thumbs up on the merger.
But since its market debut via a merger with a special purpose acquisition company ( SPAC ), Opendoor's stock has lost nearly 90% of its value. Its total number of houses purchased skyrocketed 498% to 36,908 units in 2021. in 2021 to negative 1.1% billion in 2021. billion in 2021.
billion on organic expansion projects last year (up from less than $700 million in 2021), the company plans to spend nearly $1.6 In addition, the midstream company expects the merger will increase its free cash flow per share by an average of more than 20% from 2024 to 2027. After spending about $1.2 billion to $1.5
Archer Aviation (NYSE: ACHR) , a developer of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) three years ago. in February 2021 but now trades at about $3. The combined company's stock started trading at $9.90 and soared to a record high of $17.14
In 2021, the company acquired the Bitcoin miner ATL Data Centers, upgraded operations with its own microgrids, and continued to expand by buying and transforming more Bitcoin mining facilities. From fiscal 2021 to fiscal 2023 (which ended last September), CleanSpark's revenue increased at a compound annual growth rate (CAGR) of 85%.
Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) nearly three years ago. But like many other SPAC-backed EV makers, it set some ambitious delivery and revenue targets in a pre-merger presentation -- then broadly missed its own expectations. Lucid's stock opened at $25.24 billion $5.53
The Vietnamese manufacturer of electric vehicles ( EVs ) just went public through a special purpose acquisition company (SPAC) and soared over 100% on the back of investor hype and its low float. This is what VinFast Auto decided to do when it merged with Black Spade Acquisition back in August.
The financial services company is relatively new to the stock market after going public by way of a special purpose acquisition corporation (SPAC) merger in June 2021. This represented a 13% increase year over year and a 17% increase since the end of fiscal year 2021.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 during the apex of the growth-stock rally in February 2021. Metric 2020 2021 2022 2023 Revenue $2.6 Based on 498% growth rate reported in 2021. billion $8.0 billion $15.6 billion $6.9
Symbotic (NASDAQ: SYM) , a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. Uber spun out Serve Robotics as an independent company in 2021, but it continues to use its robots to fulfill Uber Eats deliveries in select cities.
However, in the last three months, its stock price has plummeted over 55% as the market wrestled with TransMedics' recent mergers and acquisitions (M&A) activity. TransMedics' magnificent Organ Care System In 2021, nearly 15,000 admirable organ donors passed away in the United States. This has left investors at a crossroads.
Curaleaf has also been expanding its footprint internationally through strategic acquisitions in recent years, such as the landmark deal to buy EMMAC Life Sciences in 2021, along with its decision to purchase a 55% equity stake in Germany's leading medical cannabis company, Four 20 Pharma, in late 2022.
IonQ (NYSE: IONQ) , a developer of quantum computing technologies, went public by merging with a special purpose acquisition company (SPAC) on Oct. But during its pre-merger presentation, it declared its revenue would hit $5 million in 2021, triple to $15 million in 2022, and then double to $34 million in 2023. million in 2022.
The company first bought shares in Q3 2020, cut the position in 2021, then began building it up again in Q3 2021. Between Q3 2021 and Q3 2022, Berkshire's Chevron position surged 576%. million 2/14/2022 12/31/2021 28.70 million 11/15/2021 9/30/2021 23.12 million 8/16/2021 6/30/2021 23.67
Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) both saw their shares skyrocket to all-time highs during the buying frenzy in growth stocks in 2021. Nio's total number of deliveries more than doubled in both 2020 and 2021, yet only grew 34% to 122,486 vehicles in 2022. in 2021 to just 11% in the third quarter of 2023.
In a 2021 report, the analysts estimated these aircraft could become a $1 trillion addressable market by 2040 -- rising to $9 trillion by 2050 as they replace land-based taxis in cities and find other applications in cargo delivery, law enforcement, and the armed forces. Why eVTOLs? Does Joby Aviation have an edge?
For its recently completed quarter, the company reported that the Pioneer merger is already proving fruitful, contributing $500 million in earnings for the quarter. The Constellation deal reads well for Vistra because the latter has expanded its nuclear capability this year via its acquisition of Energy Harbor in March.
Many electric vehicle (EV) stocks skyrocketed amid the buying frenzy in meme and growth stocks in 2021. Rivian Rivian's stock price has plunged nearly 90% from its initial public offering (IPO) in November 2021. Deliveries rose 177% in 2021, 47% in 2022, and 182% to 376,030 vehicles in 2023. Image source: Rivian.
Tilray may aggressively pursue mergers and acquisitions Tilray hasn't been shy when it comes to acquisitions. In 2021 it also acquired a majority position in the convertible notes of multi-state operator MedMen in the U.S. If it were to pursue more risky acquisitions in the U.S.,
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