Financial services

PayPal to buy Honey for $4 bln

PayPal Holdings Inc said Nov. 20 that it agreed to buy Honey Science Corp for about $4 billion. Honey, of Los Angeles, is a technology platform for shopping and rewards. Honey has raised $37.67 million in venture funding, PitchBook said.

Bregal Sagemount invests in SurePrep

SurePrep LLC said Nov. 21 that Bregal Sagemount has acquired a minority stake in the company. Financial terms weren’t announced. SurePrep provides tax automation software and software-powered services to the professional tax return preparation market.

GPs navigate high prices through relationships, buy-and-build strategies

Allen to retire as senior adviser for Lexington Partners

Allen, a former diplomat, will retire at the end of the year following 13 years at the firm.

Standish Management to buy Halsey Group

Standish Management has agreed to acquire Halsey Group, a Luxembourg-based fund and corporate services provider dedicated to international private equity and real estate investment firms. No financial terms were disclosed.

Floyd retires from JMFA

John Floyd, founder chairman and CEO of JMFA, and COO Cher Floyd are retiring from the HKW portfolio company.

Broadridge Financial buys ClearStructure Financial Technology

Broadridge Financial Solutions Inc said Nov. 20 that it acquired ClearStructure Financial Technology. Financial terms weren’t announced. ClearStructure Financial Technology provides portfolio management solutions for the private debt markets.

Reverence-backed Advisor Group to buy Ladenburg Thalmann

Advisor Group, a portfolio company of Reverence Capital, agreed to buy Ladenburg Thalmann in a deal valued at about $1.3 billion. Ladenburg Thalmann is a network of five independent broker-dealers. Alex Yavorsky, Ray Bader and Yash Mathur of Jefferies advised Ladenburg on the process, while Alison Ressler, Jared Fishman and Jordan Bunn of Sullivan & Cromwell LLP served as their legal counsel. Eversheds Sutherland, Kirkland & Ellis LLP, and Greenberg Traurig LLP were the attorneys for Advisor Group/Reverence Capital. Bank of America, UBS Securities, Barclays, Deutsche Bank Securities and Goldman, Sachs & Co have committed to provide financing for the deal.

Winklevoss backed Gemini Trust buys Nifty Gateway

Gemini Trust Co LLC said Nov. 19 that it has acquired Nifty Gateway. Financial terms weren’t announced. Nifty Gateway is a platform for non-fungible tokens. Gemini Trust is the cryptocurrency exchange founded by the brothers Cameron and Tyler Winklevoss.

CDPQ's Ivanhoé Cambridge invests in Árima Real Estate

Ivanhoé Cambridge, the real estate arm of Caisse de dépôt et placement du Québec, has invested 150 million euros Árima Real Estate. Árima Real Estate is a Spanish listed real estate investment trust.