PAE, a portfolio company of investment firm Platinum Equity, has agreed to merge with special purpose acquisition company Gores Holdings III (Nasdaq: GRSH) in a push to advance its strategic plan and growth efforts.
Read More »VMware Strikes $2.7B in Deals for Pivotal, Carbon Black; Pat Gelsinger Quoted
VMware (NYSE: VMW) has agreed to acquire Pivotal Software (NYSE: PVTL) for approximately $2.7B and cybersecurity firm Carbon Black (Nasdaq: CBLK) for about $2.1B.
Read More »Carlyle Group, Stellex to Form Naval Ship Repair Company Through Vigor-MHI Merger
The Carlyle Group (Nasdaq: CG) and Stellex Capital Management have agreed to buy Portland, Ore.-based defense and maritime services firm Vigor Industrial and combine it with Stellex-owned MHI Holdings for an undisclosed sum to form a combined ship repair and fabrications services company.
Read More »Parsons to Acquire RF Tech Provider QRC for $215M; Chuck Harrington Quoted
Parsons (NYSE: PSN) has agreed to buy radio frequency products developer QRC Technologies from private equity firm DC Capital Partners for approximately $215M in cash in a push to expand its portfolio of products in the RF and signals intelligence sector.
Read More »NVIDIA Strikes $6.9B Deal to Buy Mellanox; Jensen Huang, Eyal Waldman Quoted
NVIDIA (Nasdaq: NVDA) agreed to acquire Mellanox Technologies (MLNX) for approximately $6.9B in a push to expand its footprint in the high-performance computing market. NVIDIA said Monday it will pay $125 in cash for each share of Mellanox through a deal, which is expected to close by the end of …
Read More »Parsons Buys OGSystems to Add Geospatial Intell Expertise
Parsons has purchased Chantilly, Va.-based technology services contractor OGSystems for an undisclosed sum in a move to deepen expertise in geospatial intelligence and big data analytics. Chuck Harrington, chairman and CEO of Parsons, said in a statement released Monday the company’s strategy is focused on disruptive technology platforms built to …
Read More »Carlyle Group to Buy StandardAero From Veritas Capital; Ramzi Musallam Quoted
The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. …
Read More »Tom Reilly: Cloudera-Hortonworks Merger Aims to Help Enterprises Work Across All Cloud Providers
Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud, …
Read More »Jacobs to Purchase CH2M in Potential $3.27B Deal
Jacobs Engineering Group (NYSE: JEC) has agreed to buy CH2M through an estimated $3.27 billion transaction as both companies aim to deliver additional infrastructure and engineering services to government and private sector clients. Dallas, Texas-based Jacobs said Wednesday it will pay $2.85 billion in cash and stock for CH2M and assume …
Read More »BC Partners, Medina Capital Seek to Add Analytics, Machine Learning Tools to Cyber JV Via Brainspace Purchase
Private equity firms Medina Capital and BC Partners have agreed to buy Addison, Texas-based machine learning and analytics firm Brainspace for an undisclosed sum in an effort to establish a global cybersecurity joint venture. BC Partners and Medina Capital expect to complete the transaction in the first quarter of 2017, subject …
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