The Daily Buyout

Tuesday, October 20, 2026

The Daily Buyout

35 deals · $9.6B announced

Software is the busy aisle today. Transom Capital launched a cash tender for SoundThinking, and Salesforce agreed to pay $5.66 billion for Braze. Behind them come a near-$2 billion bond-trading tie-up, a $1.3 billion biotech buyout and a long tail of private equity and roll-up deals.

Top deal of the day

Transom Capital launches $8-a-share tender offer for SoundThinking

~$114MreportedTake-privateTechnology

Transom Capital Group has commenced a tender offer for all outstanding SoundThinking common stock. It is offering $8.00 per share in cash plus one contingent value right per share. An aggregate deal value was not disclosed in the announcement.

Why it matters: The tender offer formally moves SoundThinking toward a sale to a private buyer, with the CVR giving shareholders potential upside beyond the cash price.

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2
$5.7BStrategic acquisitionTechnology

Salesforce agrees to buy Braze for $5.66B

Salesforce signed a definitive agreement to acquire Nasdaq-listed customer engagement platform Braze for about $5.66 billion in enterprise value. Braze Class A shareholders will receive $47.50 in cash per share. Braze helps marketers respond to customer behavior in real time.

6
UndisclosedStrategic acquisitionHealthcare & Life Sciences

Hologic to acquire Barcelona's Reveal Genomics

Women's health company Hologic signed a definitive agreement to acquire Reveal Genomics, a Barcelona-based precision oncology firm. Reveal's tests include HER2DX, which helps optimize therapy for HER2-positive breast cancer. Terms were not disclosed in the excerpt.

7
~$660MreportedStrategic acquisitionAerospace & Defense

Maximus to acquire Agile Defense

Government services provider Maximus announced its intent to acquire Agile Defense. The company said the deal advances its defense and national security growth strategy. Terms were not disclosed in the announcement excerpt.

Other deals this day27 more

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