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M&A Report: JPMorgan, Moody’s and Etsy In The News

M&A Report: JPMorgan, Moody’s and Etsy In The News

In keeping with our mission to provide comprehensive advertising analysis, MediaRadar puts together a report of the most important mergers and acquisitions news each week. Stay in the loop, whether you sell advertising space or focus on business development. 

This week, JP Morgan Chase closes on a healthcare tech company, Moody’s acquires a risk analytics solution and Etsy will acquire musical instrument exchange Reverb. 

JPMorgan Chase Acquires InstaMed

JPMorgan Chase announced that it has closed the acquisition of a key healthcare payment company. InstaMed, which offers solutions to more than 50 percent of healthcare providers serving millions of consumers in the U.S., will operate as a subsidiary of the bank.

Both parties believe that with JPMorgan Chase’ strength in payment capabilities and InstaMed’s innovative payments solutions will deliver innovative products and offer a better experience of healthcare payments to providers, payers and consumers.  

Financial terms of the deal were not disclosed. 

Moody’s Acquires RiskFirst 

The credit rating agency announced that it has acquired RiskFirst, a UK-based fintech company offering risk analytic solutions to asset managers and pension funds.

RiskFirst provides the award-winning PFaroe platform, a risk solution for pension markets that supports over 3,000 plans and more than $1.4 trillion in assets. As asset owners increasingly seek more sophisticated risk analytic solutions to address their growing financial management, this acquisition positions Moody’s Analytics arm to grow. The deal will extend its analytical capabilities and to develop new solutions to meet their customer’s evolving needs.

The transaction amount was not disclosed.

Etsy Acquires eCommerce Site Reverb 

Etsy announced that it is acquiring Reverb, a marketplace for new and used musical instruments. The deal is valued at approximately $275 million.

Upon completion of the transaction, Reverb will operate as a standalone unit under Etsy. 

Reverb operates an eBay-like platform where users can buy and sell musical instruments such as guitars, amps, drums, keyboards, and other equipment. Etsy has made a handful of acquisition in its 15 years of operation, but the deal to acquire Reverb will be the first since it acquired Blackbird in 2016

According to the Etsy CEO, Reverb is a natural fit to the company, calling it the “Etsy of musical instruments.” 

In Other News

These are some other notable deals and developments from the past week:

  • Apple announced that it will acquire INtel’s smartphone modem business, The transaction is valued at $1 billion. 
  • Jollibee Foods Corporation, the Philippines-based fast food company, will acquire The Coffee Bean & Tea Leaf for $350 million. It’s the largest acquisition for the company to date.
  • PepsiCo announced that it will acquire South Africa-based Pioneer Foods Group for approximately $1.7 billion. The deal will allow PepsiCo to create a new subsidiary for the Sub-Saharan Africa region. 
  • Private equity firm KKR is reportedly buying Campbell Soup’s Australian snacks unit, Arnott’s Biscuits Limited for over $2 billion. 
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