Guidewire agreed to acquire Hyperexponential for $1.7 billion in cash plus a conditional $400 million. Other reported deals include Ares Capital’s $2.6 billion acquisition of MidCap Financial Investment, BCE’s C$2.45 billion tower-stake sale, and DoorDash’s reported talks to buy Instacart at a value of about $17 billion.
Guidewire entered into a definitive agreement to acquire London-based insurtech Hyperexponential for a base purchase price of $1.7 billion in cash. It may pay an additional $400 million if a specified recurring revenue target is achieved.
BCE said Bell Canada agreed to sell a minority stake in a newly formed wireless tower infrastructure company to La Caisse for C$2.45 billion ($1.75 billion). Ares Capital said it will buy Apollo’s MidCap Financial Investment in a stock-and-cash deal with an enterprise value of about $2.6 billion.
East Timor agreed to buy Woodside Energy’s stake in the Greater Sunrise gas project for up to $200 million. DoorDash was in advanced talks to acquire Instacart in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters.
