TechCrunch: M&A

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Hindustan Unilever to acquire Peak XV-backed Minimalist for over $340M

TechCrunch: M&A

Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, as the consumer goods giant seeks to expand in India’s fast-growing premium skincare market. Hindustan Unilever will initially acquire a 90.5% stake in the direct-to-consumer brand through secondary buyouts and primary investment, with the remaining 9.5% to be purchased from founders in […] 2024 TechCrunch.

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Jay-Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings

TechCrunch: M&A

Jay-Zs venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holdings’ investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch. The newly formed MarcyPen Capital Partners has $900 million in assets under management, according to PitchBook.

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Nvidia clears regulatory hurdle to acquire Run:ai

TechCrunch: M&A

Chip company Nvidia gets the green light from the European Union to complete its acquisition of Run:ai. The EU came to a unanimous decision today that Nvidia could go ahead with its acquisition of Israeli GPU orchestration platform Run:ai, according to reporting from Bloomberg. The European Commission determined that if the merger went through, other […] 2024 TechCrunch.

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Nvidia completes acquisition of AI infrastructure startup Run:ai

TechCrunch: M&A

Nvidia has completed its acquisition of Run:ai, an Israeli startup that helps manage and optimize AI hardware infrastructure. As part of the merger, Run:ai said its software, which currently only works with Nvidia products, will be open sourced, meaning Nvidia rivals like AMD and Intel will be able to adapt it for their hardware. “We […] 2024 TechCrunch.

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Prosus buys Despegar for $1.7B, taking a bite out of Latin America’s travel sector

TechCrunch: M&A

Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the COVID-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region. Despegars board of directors […] 2024 TechCrunch.

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Clearwater agrees to buy investment management platform Enfusion for $1.5B

TechCrunch: M&A

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of […] 2024 TechCrunch.

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BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

TechCrunch: M&A

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million a significant discount from the $1.4 billion BlackBerry paid to acquire the startup in 2018. Under the terms of the deal, which is expected to close in BlackBerry’s fiscal Q4, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million […] 2024 TechCrunch.

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