Acquisition

Stonepeak is acquiring a majority stake in Castrol from bp for $10.1 billion. bp will retain a 35% stake, and CPP Investments will also invest. This strategic acquisition aims to support Castrol’s future growth, leveraging Stonepeak’s sector expertise and Castrol’s established brand and global presence. The deal is expected to close by the end of 2026.

ServiceNow is acquiring cybersecurity firm Armis for $7.75 billion in an all-cash deal. This strategic move aims to significantly enhance ServiceNow’s security offerings, particularly in the AI era, and expand its addressable market for security and risk solutions. The acquisition, expected to close next year, follows ServiceNow’s recent purchases of Moveworks and Veza, contributing to a unified “AI control tower.” Armis brings over $340 million in annual recurring revenue and robust growth, solidifying ServiceNow’s position in the cybersecurity market.

Clearwater Analytics is being acquired for $8.4 billion by an investor group led by Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners. This transaction offers Clearwater shareholders $24.55 per share in cash, a significant premium. The move to a private company is expected to accelerate Clearwater’s growth and innovation, particularly in developing a comprehensive front-to-back investment management solution. The deal is anticipated to close in the first half of 2026.

ExGen Resources has successfully acquired 100% of MTB Metals Corp., significantly expanding its mineral portfolio. MTB shareholders received ExGen shares, with ExGen now having over 109 million shares outstanding. This strategic integration aims to bolster ExGen’s position as an emerging royalty company, leveraging expanded exploration assets and a strengthened management team. MTB Metals will be delisted from the TSX Venture Exchange following the transaction.

CTO Realty Growth acquired Pompano Citi Centre for $65.2 million, marking its entry into the Fort Lauderdale market. The 509,000 sq ft open-air retail center boasts 92% occupancy and includes additional shell space for future leasing. This strategic acquisition in a high-income area is expected to enhance long-term value through rent adjustments and leasing initiatives, further boosting CTO’s investment volume.

Nagarro has expanded its U.S. presence by acquiring Charles Hudson Technology Solutions (CHTS). This strategic move integrates CHTS’s specialized digital commerce and retail quality engineering expertise into Nagarro’s offerings. CHTS brings over 180 professionals and strong client relationships in the U.S. retail and CPG sectors. The acquisition enhances Nagarro’s capabilities in digital transformation, particularly with AI, for these key industries.

Escalade, Inc. has acquired AllCornhole, a leading cornhole bag and equipment supplier. This strategic move strengthens Escalade’s position in the growing competitive cornhole market, complementing its existing Victory Tailgate brand and ACL partnership. The acquisition aims to enhance product offerings for all player levels and capitalize on the professionalization of cornhole, integrating AllCornhole into Escalade’s Rec Sports division.

University Bank is enhancing its wealth management services by acquiring an additional 37.5% stake in Credit Union Trust for $3.75 million, bringing its ownership to nearly 50%. This strategic move aims to bolster University Bank’s comprehensive financial planning and asset stewardship offerings, aligning with market demand for personalized services. The acquisition is expected to accelerate Credit Union Trust’s growth and expand University Bancorp’s asset management capabilities.

iRobot, maker of Roomba vacuums, has filed for Chapter 11 bankruptcy after Amazon terminated a $1.7 billion acquisition. The company cited financial struggles, intense competition from Chinese manufacturers, and supply chain issues. Co-founder Colin Angle called the outcome a “tragedy for consumers,” lamenting the failed deal as the best path to global competitiveness. iRobot will be acquired by Shenzhen Picea Robotics, a lender and supplier, as it navigates significant debt. The company assures customers that product support will continue.

AMTD Digital subsidiary, The Generation Essentials Group (TGE), is expanding its global hospitality presence by acquiring an 80% stake in Kuala Lumpur’s Upper View Regalia Hotel for HK$300 million. This move strengthens TGE’s Southeast Asian footprint and adds to its growing portfolio of six premium hotels worldwide, totaling over 800 rooms. The acquisition is expected to drive synergy through AMTD’s diverse expertise.