TIAA Completes Deal for Everbank


NEW YORK — TIAA, a leading financial services provider, announced has completed its acquisition of Florida-based EverBank Financial Corp (NYSE:EVER) and its wholly owned subsidiary EverBank. The transaction was originally announced August 8, 2016. The deal significantly expands TIAA’s existing retail banking and lending products and complements the company’s full suite of retirement, investment and …

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SiriusXM Makes $480 Million Investment in Pandora


NEW YORK and OAKLAND — SiriusXM, the leading satellite radio service, has agreed to make a $480 million strategic cash investment in streaming music site Pandora. Under the terms of the agreement, a subsidiary of SiriusXM will purchase an aggregate of $480 million in newly issued Series A convertible preferred stock of Pandora. SiriusXM purchased $172.5 …

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Goldman Sachs Invests in Information Builders


NEW YORK — Goldman Sachs has made an undisclosed investment in Information Builders, a leader in business intelligence (BI) and analytics, data integrity, and integration solutions based in NYC. The growth equity investment was made by Goldman Sachs’ Private Capital Investing group. This investment will extend Information Builders’ leadership position in the large and growing …

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Citi Unloads Fixed Income Analytics for $685 Million


NEW YORK – Citi has entered into an agreement to sell its Fixed Income Analytics and Index Businesses to London Stock Exchange Group (LSEG) for $685 million in cash. The transaction includes Citi’s fixed income analytics platform, The Yield Book, and Citi Fixed Income Indices which include the World Government Bond Index (WGBI). The deal …

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1-800-FLOWERS Sells Fannie May Candy for $115 Million


CARLE PLACE, NY — 1-800-FLOWERS.COM, which delivers flowers and gourmet food for special occasions, has closed the sale of Fannie May Confections Brands and Harry London Candies, Inc. to Ferrero International S.A. for $115 million in cash. Ferrero is one of the world’s largest chocolate companies. In addition to the sale, the Company and Ferrero …

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Convene Buys Assemble Design Group

NEW YORK — Convene, which operates a network of full-service meeting and event venues, has acquired Assemble Design Group to bring their architecture and design capabilities to the company. Brian Tolman, the Managing Partner of Assemble Design Group, has been named the Head of Product for Convene. The 12-person Assemble Design Group team is based …

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Accenture Buys Media Hive


NEW YORK – Accenture (NYSE: ACN) has acquired Media Hive, an e-commerce solutions provider based in Asbury Park, NJ with expertise in cross-channel commerce strategy, custom application development, and the creation of online and mobile retail experiences for any device. Terms of the deal weren’t released. The acquisition will strengthen the capabilities of Accenture Interactive …

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Verizon Buys Straight Path to Boost 5G Development


NEW YORK –  Verizon Communications has signed an agreement to acquire Straight Path Communications Inc. (NYSE MKT: STRP), a holder of millimeter wave spectrum configured for 5G wireless services. Verizon will purchase Straight Path for $184.00 per share, or a total consideration of $3.1 billion, in an all-stock transaction. The transaction is anticipated to close …

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Coach to Buy Kate Spade for $2.4 Billion


NEW YORK — Two big handbag makers are planning to merge. Coach Inc. said it will buy Kate Spade for $18.50 per share or $2.4 billion. Coach is a leading New York design house of modern luxury accessories and lifestyle brands. The transaction represents a 27.5% percent premium to the unaffected closing price of Kate …

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Stone Point, KKR Invests in Focus Financial

NEW YORK — Focus Financial Partners, a leading international partnership of independent, fiduciary wealth management firms, announced that an investor group led by Stone Point Capital  and KKR will acquire a majority stake in the company, which values Focus at approximately $2 billion. Selling shareholders include Focus’ existing private equity investors, Centerbridge Partners, Summit Partners …

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Unilever Buys Condiment Maker Sir Kensington’s


ENGLEWOOD CLIFFS, NJ — Consumer product giant Unilever has signed an agreement to acquire Sir Kensington’s, a New York-based condiment maker. Terms of the purchase were not released. Sir Kensington’s is a pioneer and leader in condiments sold in the organic and natural marketplace. Having seen strong growth the past four years, the product line …

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Warburg Pincus Buys Majority Stake in CityMD


NEW YORK — Private equity firm Warburg Pincus has taken a majority stake in CityMD, the leading urgent care provider in the New York Metro area.  The investment will be used to accelerate CityMD’s expansion through new site openings and strategic acquisitions and partnerships.  Terms of the transaction were not disclosed. CityMD was co-founded by …

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Seatgeek Raises $57 Million to Buy TopTix


NEW YORK — In a move that makes SeatGeek one of the largest primary ticketers in the world, the tech company announced the acquisition of Israeli ticketing software company TopTix for $56 million. The acquisition was financed by a new $57 million Series D investment round in SeatGeek led by Glynn Capital, with participation from …

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