The Chicago-headquartered tax and assurance firm has confirmed that it will merge with the Seattle-based professional services firm in a deal that will create the sixth-largest advisory accounting firm in the United States.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Advisory firms Baker Tilly and
Moss Adams to merge in $7B deal
The Chicago-headquartered tax and assurance firm has confirmed that it will merge with the Seattle-based professional services firm in a deal that will create the sixth-largest advisory accounting firm in the United States. Read here
MS&AD plans to invest $5B to double US profits
The Japanese casualty insurer is set on expanding in the North American market to meet its goal of doubling operating profits in the region, where it is currently the third-largest among Japanese peers. Read here
PHOTO: MS&AD
Thoma Bravo nears deal for Boeing’s Jeppesen unit
The Chicago-based technology-focused buyout firm is reportedly in advanced talks to acquire the aircraft manufacturer’s Jeppesen navigation business, with an announcement anticipated later this week. Read here
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NEWS WORTH NOTING
NEWS WORTH NOTING
Nomura buys Macquarie’s US unit in $1.8B deal
The investment bank is acquiring the Australian group's American and European public asset management businesses, marking its most ambitious expansion abroad since its failed bid for Lehman Brothers’ assets. Read here
Barclays, Citi back KKR’s $3.1B OSTTRA takeover bid
Barclays, Citigroup, and KKR Capital Markets are underwriting about $1.7 billion in debt to support the global investment firm’s buyout of the post-trade services company. Read here
KKR makes $1.2B offer for Sweden’s biotech Biotage
The New York-based buyout firm has reportedly made a cash offer for the Uppsala-headquartered global life sciences company at a price of 145 crowns per share. Read here
DCC to sell healthcare unit to PE firm for $1.41B
The British sales and marketing services provider is set to offer up its DCC Healthcare unit to private equity firm Investindustrial Advisors' investment unit. Read here
Helvetia, Baloise merge to create No.2 Swiss insurer
The new group, to be called Helvetia Baloise Holding, will become one of the ten largest insurers in Europe, with a combined business volume of $24.69 billion. Read here
