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

fanniemay

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

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

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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

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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

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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

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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

seatgeek

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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MasterCard Buys NuData Security

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PURCHASE, NY – Mastercard (NYSE: MA) has agreed to acquire NuData Security, a global technology company that helps businesses prevent online and mobile fraud using session and biometric indicators. Terms of the agreement were not disclosed. NuData is based in Vancouver, Canada. Mastercard will build on its commitment to drive greater protection in the digital …

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Deloitte Buys Cloud Consulting Firm

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NEW YORK — Deloitte is making significant investments in its cloud services with the acquisition of nearly all of the assets of Day1 Solutions Inc., a cloud consulting firm based in Virginia. Terms of the deal weren’t released. Deloitte also said it will add 3,000 new, U.S.-based high-tech engineering jobs and open new cloud studios across …

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Conde Nast Buys Pop2Life, Ribyt

NEW YORK – Condé Nast has made two acquisitions: the purchase of experiential marketing agency Pop2Life, along with the event hospitality and ticketing platform Ribyt. Both are located in NYC. The deal price was not disclosed. These two companies will bolster Condé Nast’s existing events and experiences business and will allow for the creation of …

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DNAInfo Buying Gothamist

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NEW YORK — DNAinfo, an online source for neighborhood news in New York and Chicago, has reached an agreement with Gothamist, LLC, to acquire its popular network of city news sites in New York, Chicago, Los Angeles, San Francisco, and Washington, D.C. Terms of the deal weren’t disclosed. DNAInfo is owned by billionaire Joe Ricketts, whose …

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CA to Buy Veracode for $614 Million

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NEW YORK – CA Technologies (NASDAQ:CA) has agreed to acquire Veracode, a leader in securing web, mobile and third-party applications across the software development lifecycle, for approximately $614 million in cash. The transaction is expected to close in the first quarter of fiscal year 2018. The combination of CA’s portfolio with privately-held Veracode will establish …

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