Dutch medtech firm Enovation acquired in €500 million deal
by NL Times
NL Times— The French medical equipment producer Legrand is acquiring the Dutch health software company Enovation from its current owner, the private equity firm Main Capital Partners. Enovation did not mention any amounts in its announcement of the acquisition, but insiders told Bloomberg the deal involves over 500 million euros.
Mobile World Live—SES reaches $3B deal to acquire rival Intelsat. SES reached an agreement to acquire Intelsat for $3.1 billion, in a deal the companies claim will create a multi-orbit operator able to better compete with rivals in the fast-moving space industry.
ETtech.com—Drop in renewal deals poses revenue challenge for top IT firms. Despite record deals announced in the final quarter of 2023-24, the deal momentum has slowed down from a year ago as companies are witnessing clients signing more net new and transformational deals rather than renewing old deals. The new deals are often of smaller value, leading to a dip in the revenue of software companies primarily due to lesser discretionary expenditure by client firms. This has also resulted in vendor consolidation and slower decision-making on larger deals, said...
Fortune—Caitlin Clark to sign $28 million deal with Nike to get her own sneaker. Caitlin Clark is set to cash in on her popularity with a historic Nike endorsement deal that would make her one of only three WNBA players with their own shoe line.