Acquisitions

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Illustration of Metaplanet acquiring Siiibo Securities, showing a handshake in a Tokyo office with Bitcoin elements.
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Metaplanet acquires Siiibo Securities for $13.1 million

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Metaplanet completed the purchase of Tokyo-based Siiibo Securities in a deal worth about 2.1 billion yen. The acquisition supports the company's Project Nova initiative to develop Bitcoin-linked financial products.

CRH plc has agreed to buy Arcosa Inc in an all-cash transaction valued at $8.3 billion to $8.5 billion. The deal offers Arcosa shareholders $150 per share, a 25 percent premium to the prior closing price.

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Salesforce has signed an agreement to acquire AI customer service firm Fin, formerly known as Intercom, in a deal valued at approximately $3.6 billion. The purchase aims to bolster the company's Agentforce platform with advanced AI agents for customer support.

Marquee Brands has entered a definitive agreement to acquire a majority interest in the Italian luxury fashion house Roberto Cavalli. The New York-based company announced the deal on Wednesday without disclosing financial terms. This marks Marquee's first foray into luxury acquisitions.

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WHP Global has closed its purchase of LVMH's majority stake in Marc Jacobs, bringing in G-III Apparel Group as co-owner. Marc Jacobs will remain creative director as the brand shifts focus to licensing under WHP and retail/wholesale operations under G-III.

Catalyst Partners Middle East (CPME), Egypt’s first special purpose acquisition company, announced in-principle board approval to pursue a controlling stake, potentially up to 100%, in EIH Consulting and its subsidiaries. The transaction supports expansion into non-banking financial services, focusing on precious metals. It remains subject to due diligence and regulatory approvals.

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Italian bank Unicredit has slightly increased its stake in Commerzbank and boosted its derivatives holdings. CEO Andrea Orcel is preparing a share exchange offer to start after a general meeting on May 4. The bank has also raised its stake in insurer Generali.

 

 

 

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