BioCatch gets acquired at a $1.3 billion valuation (TWIF 5/5)

Global private equity firm Permira will acquire Israeli fraud detection startup BioCatch for $1.3 billion. BioCatch reported over $100 million ARR in 2023, profitability, and 49% ARR growth. The company was founded in 2011.

FEMSA, the conglomerate behind Mexican megaretailer Oxxo, agreed with payment processing provider Conekta to purchase the assets used for operating its white-label payment solution, Oxxo Pay.

Business decision software Anaplan will acquireFluence, a platform for financial close, consolidation, disclosure management and reporting.

Kredit Academy, a financial ed-tech platform that provides businesses with insight into new customer credit behavior, will acquireOctoCredit, a consumer credit improvement app.

Nayax, a commerce enablement, payments, and loyalty platform, acquiredVMtecnologia, a technology provider for automated self-service in Brazil.

EMERAM, an investment firm specialising in medium-sized companies within German-speaking regions, will acquireCoCoNet, a provider of digital corporate banking software, particularly in payment transactions and cash management.

Mortgage Automator, a platform and ecosystem that serves asset-based lending from CRM, origination, execution, and servicing through reporting, legal, compliance, and accounting, announced a majority recapitalization by Bessemer's BVP Forge.

Epos Now, a British firm which provides retailers and hospitality businesses with payment processing tools and software, is exploring strategic options including a minority sale.

Spanish bank BBVA submitted a merger proposal to its smaller rival Banco Sabadell, valuing it at about €12 billion. The combined bank would have over €1 trillion in assets.

Bahrain-based alternative investment fund Investcorp will acquire the digital technology services business of India's National Stock Exchange for $120 million.

A little over a year after the bank's initial sale, SVB Financial Group announced that a newly created entity from Pinegrove Capital Partners, Brookfield Asset Management, and Sequoia Heritage will acquire the company's venture investment arm, SVB Capital, for a combination of cash and other economic consideration.

As disclosed on Friday, GM is considering moving its $2 billion credit card business from Goldman Sachs to UK bank and issuer Barclays.

US regional bank UMB Financial is in talks to acquire its rival Heartland Financial, according to people with knowledge of the matter, in what would be the biggest US regional bank merger this year.

Rosemont, an investor in employee-owned asset and wealth management firms, made a minority investment in Northside Capital , an outsourced investment manager for ultra-high net worth families.