Here are the top reads on deals and financial services over the last 24 hours,
Thomson Reuters acquires trade-management platform Integration Point: Thomson Reuters Corp. is buying a software platform for managing global trade flows in the first deal the news and information giant has made since it spun off its largest division as a separate business earlier this month. The agreement will see Thomson Reuters acquire Integration Point, a firm with a 16-year track record in trade management, for an undisclosed sum. The transaction is not considered financially material to Thomson Reuters. Story (James Bradshaw, for subscribers)
Ottawa’s Assent Compliance raises US$100-million from Warburg Pincus: Private equity giant Warburg Pincus LLC has invested US$100-million in Ottawa enterprise software firm Assent Compliance Inc., the latest in a string of large-scale corporate financings this year for Canada’s teeming technology sector. Story (Sean Silcoff, for subscribers)
Many cannabis producers likely to fail, DBRS warns: A leading debt-rating agency has issued a warning about the financial strength of Canadian cannabis companies, arguing that even the biggest among them should have “junk” ratings and that many licensed producers are likely to fail. Story (Tim Kiladze, for subscribers)
MORE DEALS NEWS
Asian skincare deal: U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen (US$2.05 billion) in cash. Story
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