Salesforce Signs Definitive Agreement to Acquire Informatica
Salesforce and Informatica have entered into an agreement for Salesforce to acquire Informatica for approximately $8 billion in equity value, net of Salesforce’s current investment in Informatica. The planned acquisition will enhance Salesforce’s data foundation critical for deploying powerful and responsible agentic AI.
Acquisition ● Technology ● North America
Medtronic Announces Intent to Separate Diabetes Business
Medtronic announced its intent to separate its Diabetes business into a new standalone company (“New Diabetes Company”). This strategic decision for both Medtronic and New Diabetes Company will create a more focused Medtronic, with a more simplified portfolio in high margin growth markets. At the same time, it will create an independent, scaled leader in Diabetes.
Spin-off ● Healthcare ● Europe
Finastra to Sell Treasury and Capital Markets Division to Apax Funds
Finastra and funds advised by Apax Partners announced that they have entered into an agreement under which Finastra intends to sell its Treasury and Capital Markets business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business.
Divestiture ● Technology ● Europe
Capital One Completes Acquisition of Discover
Capital One Financial Corporation announced that it has completed its acquisition of Discover Financial Services. Capital One announced on February 19, 2024, that it had entered into a definitive agreement to acquire Discover.
Acquisition ● Financial Services ● North America