Mergers and Acquisitions

New On The Block TSG Consumer Partners is reportedly eyeing a sweet deal—a minority stake in Crumbl, the Utah-based cookie empire that could be worth a jaw-dropping $2 billion. Meanwhile, Blackstone and Golub Capital are cooking up something too, whipping together a $500 million unitranche loan to...

Marriott International Inc. (NASDAQ:MAR) announced plans on Monday to buy the lifestyle hotel brand CitizenM. The acquisition is expected to help Marriott expand offerings for its guests and Marriott Bonvoy loyalty members across global markets. CitizenM has 36 hotels operating in over 20 cities...

New On The Block Jack in the Box (NASDAQ:JACK) is exploring strategic options for Del Taco, including a potential sale, just two years after acquiring it for $585 million. According to Bloomberg, the fast-food chain could fetch up to $200 million. The company is working with Bank of America on the...

Walgreens Boots Alliance Inc (NASDAQ:WBA) on Monday said it will pay $300 million to resolve federal allegations that the company filled millions of invalid prescriptions for opioids and other controlled substances. Earlier this year, the U.S. Department of Justice filed a civil complaint against...

New On The Block Willow Tree Credit Partners seeks to sell a minority stake and is soliciting potential buyers, according to Bloomberg. The New York-based firm has about $5 billion in assets under management. Bloomberg also reports that Zurich-based Partners Group is divesting a 49% stake in...

International Paper (NYSE:IP) shares were up 2% at last check Monday, following the company’s announcement that it has agreed to sell five corrugated box plants to Germany's PALM Group. The deal is anticipated to close by the end of the second quarter. Chairman and CEO Andy Silvernail said...

New On The Block Harley-Davidson (NYSE:HOG) is selling its financing arm. Bloomberg estimates a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. Separately, there’s drama brewing on...

Keros Therapeutics, Inc.‘s (NASDAQ:KROS) board of directors initiated a formal review process on Thursday to evaluate strategic alternatives, including a sale. “Consistent with our commitment to taking action to enhance stockholder value, Keros’ board determined to undertake a...

KKR & Co. Inc. (NYSE:KKR) has secured a deal to acquire Swedish consumer health firm Karo Healthcare. The transaction is subject to customary regulatory conditions and approvals and is expected to close in the coming months, per a statement.  "We engaged the full capabilities of our firm...

These past three months were not what U.S. dealmakers wanted or expected. As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&A volume compared to last year’s first quarter. Elsewhere? Volume is spiking triple digits. The Middle East and Africa combined...

Bankruptcy Block Plenty, a vertical farming company backed by billionaire Jeff Bezos, is wilting in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of...

New On The Block Sandals Resorts International is once again trying to sell itself after years of family drama that’s more akin to “Succession” than “Paradise Hotel.” The Caribbean company — famous for its luxury destinations in places like Jamaica, the Bahamas, Saint...

Barnwell Industries Inc (NYSE:BRN) announced the $1.05 million sale of its Hawaii-based subsidiary, Water Resources International. The divestiture aligns with Barnwell’s ongoing strategy to reduce administrative and public company expenses, and scale back its presence in Hawaii. The...

New On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...

Warren Buffett's real-estate brokerage business, HomeServices of America, is considering a deal with Compass. What Happened: According to The Wall Street Journal, Compass — the biggest U.S. brokerage by volume in 2023 — offered to buy HomeServices of America for an unknown price. HomeServices of...