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Acquisition

Mastercard has purchased a minority stake in mobile operator MTN Group’s fintech business. MTN is Africa’s largest mobile network operator, sharing the benefits of a modern connected life with 272 million customers in 19 markets across Africa and the Middle East. Established in 1994 in South Africa, the company provides voice, data, fintech, digital, enterprise, wholesale, and API services. Mastercard’s Minority Stake In MTN Last year, in 2023, Mastercard announced it would purchase a minority stake in the MTN, and now, six months later, they have. In a statement, MTN said it had

Investment firm Compass Diversified has acquired a majority stake in Beatrice Dixon’s plant-derived feminine care brand, The Honey Pot Company. The Honey Pot Co. was founded in 2012, offering products across the feminine hygiene, menstrual, consumer health, and sexual wellness categories. It can be found in more than 33,000 stores across the US, including Target, Walmart, CVS, and Walgreens, with annual sales estimated to be around $120 million. The Honey Pot Co.’s distinct approach to product formulation, using plant-derived ingredients and clinically tested formulas, has fostered a loyal and diverse customer base over the years.

Atlassian has agreed to acquire video communication platform Loom for $975 million.  The acquisition will ramp up Loom’s asynchronous video collaboration tools to tap into the demand fueled by the adoption of hybrid work. The journey to unicorn status Loom is an asynchronous (async) video messaging tool that helps users communicate through instantly shareable videos. Founded by Vinay Hiremath, Shahid Khan, and Joe Thomas in 2015 in San Francisco, CA, it boasts 25 million users in 1.8 million workplaces. The platform became increasingly popular during the pandemic, with a $1.53

With the increase of Black-owned businesses, there have been concerns about Black companies being sold or taken over by white firms. From 2017 to 2020, the number of Black-owned businesses across the country increased by 13.64%, and Black-owned firms brought in an estimated $141.1 billion in gross revenue in 2020 – an 11% increase since 2017. However, according to Forbes, there has been a trend where Black-owned businesses are being sold to or acquired by white-led companies. They raised the question of whether the business acquisition is a sign of

True, one of the largest executive search firms in the world, has announced it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals.  According to a press release, Jopwell will complement the executive-focused DEI efforts of True Search and AboveBoard, an inclusive executive platform and community).  Jopwell co-founders and execs Ryan Williams and Porter Braswell will continue to build Jopwell as a business unit within True. The story behind Jopwell Williams and Braswell started Jopwell after meeting at Goldman