SAIC completed the acquisition of Information Security Corporation, a three-decade-old provider of public key infrastructure, encryption and credential management software. ISC's suite includes CertAgent, listed on the NSA's Commercial Solutions for Classified components list for more than a decade. SAIC CEO Jim Reagan called it a "strategic tuck-in" that pairs ISC's cryptographic technology with SAIC's zero-trust architecture work for intelligence and defense customers. Terms were not disclosed.
Middle-market private equity firm Aurora Capital Partners acquired Softdocs, a provider of cloud-based enterprise content management and workflow automation software purpose-built for higher education, K-12 and government institutions. Aurora partner Rob Fraser cited Softdocs' strong market position and specialized expertise, with plans to accelerate new capabilities and expand reach. CEO Adam Park will continue leading the company. Financial terms were not disclosed.
onsemi and Synaptics amended their June merger agreement, with onsemi now paying $123 per share in cash for roughly $5.7 billion, down from about $7 billion under the original deal. The revision followed an unsolicited competing proposal from a third party. onsemi says the transaction will now be immediately accretive to non-GAAP EPS and sees upside beyond $200 million of annual run-rate synergies.
Authentic Brands Group has privately discussed an offer that could value Mattel at more than $20 per share, or about $6 billion, according to a Wall Street Journal report. Mattel shares jumped nearly 20% on Thursday from just above $15. A person familiar confirmed talks exist but called them very preliminary; Mattel declined to comment on speculation.
Rogers Communications completed its acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for C$4.35 billion, bringing its ownership to 100%. MLSE's portfolio includes the Toronto Maple Leafs, Raptors, Toronto FC, Argonauts, Scotiabank Arena and a Live Nation partnership, joining Rogers' Blue Jays, Rogers Centre and Sportsnet assets.
Wendel finalized the sale of its stake in Stahl (excluding Muno) to Henkel at an enterprise value of €2.1 billion, after clearing all regulatory approvals. Net proceeds come to roughly €1.14 billion, a 6.3x multiple on Wendel's total investment since 2006 and an annualized IRR above 15% over 20 years — about a 20% premium to Stahl's last carrying value in Wendel's NAV.
Salesforce has signed a definitive agreement to acquire Listen Labs, which builds AI agents that recruit, interview and simulate customers using digital twins. Neither side disclosed terms, though Business Insider reported a price around $2 billion. Closing is expected in Salesforce's fiscal Q4 2027 pending regulatory clearance, and the founders will join Salesforce AI Labs.
Gentherm closed its combination with Modine's Performance Technologies business, spun off via Platinum SpinCo in a Reverse Morris Trust structure first announced in January. Gentherm also acquired the Modine brand, domains and trademarks and will go to market as Modine. Modine plans a shareholder vote to rename itself Modexus Solutions while keeping NYSE ticker MOD.
Stripe agreed to acquire Parafin, a San Francisco embedded financing company serving small businesses, marking its second acquisition in as many months. Founded in 2020, Parafin has extended $3 billion in credit to roughly 60,000 businesses in the U.S. and Canada since 2021. Stripe says SMB capital demand across its 18,000 platform partners is a revenue opportunity.
Nayax completed its acquisition of IPS Group from Windjammer Capital Investors for $350 million in cash. IPS brings payment-enabled smart parking technology installed across more than 250,000 parking spaces in the U.S., Canada, the U.K. and Ireland. Nayax says the deal expands its addressable cashless opportunity by about $85 billion, to roughly $342 billion by 2029.
Thomson Reuters completed the sale of a majority stake in its Global Print business to capital accounts advised by KKR; the unit now operates as Westbridge Print across 13 countries.
Modaxo completed the acquisition of Conduent's Transit Fare Management and Fleet Management Solutions businesses, launching them as Novvan and Routeward with over 2,000 employees in 15 countries.
ESCO Technologies closed its purchase of Megger Group from TBG AG; TBG accepted lock-up provisions on its ESCO stock and gains the right to nominate one board seat.
Samsonite Group closed its acquisition of BÉIS, the lifestyle and travel brand founded in 2018 by Shay Mitchell, which will operate as a standalone brand within the group.
H2O America's regulated Texas Water Company closed the purchase of all assets of Houston-area utility Quadvest, more than doubling its Texas water and wastewater connections.
Diversis Capital acquired majority ownership of terminal operating system provider Tideworks Technology, which serves more than 130 facilities globally, from Blackstone-backed Carrix.
Bloomberg closed its purchase of Canoe Intelligence, an AI-powered private markets data management platform, to feed validated fund data into Bloomberg PORT Enterprise.
Wandercraft acquired Ekso Bionics from a subsidiary of ChronoScale Holdings, combining the two medical exoskeleton pioneers across EMEA and U.S. markets.
Sargento acquired La Terra Fina from Catamount Management Corporation, adding roughly 250 employees and creating a new Deli Business Unit; terms were not disclosed.