News and Analysis

US private equity firm Flexpoint Ford has hired Michael Morris as a managing director operating from its Chicago office.

Brookfield Reinsurance has closed its acquisition of American National Group, a Galveston, Texas-based provider of life, health and property and casualty insurance, as well as annuities.

Ripley Tools has acquired Multiwave Sensors, a Bolton, Ontario-based provider of antenna alignment solutions to the telecommunications industry.

Bidders competing for Kohl's are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to reflect the market downturn and the US retailer's deteriorating business, Reuters reported.

Opti9 Technologies has merged with HostedBizz, an Ottawa-based cloud infrastructure-as-a-service company.

Ryan, a Dallas-based provider of tax services and software, said Ares Management Corp will acquire a minority stake in the company, valuing it at $2.5 billion.

Milestone Partners has formed specialty auto insurance holding company Drive Assurance and made two acquisitions: GoAuto and its affiliated tech platform Adaptive Information Technologies LLC.

Broadcom Inc has agreed to acquire VMware, a provider of enterprise software, for about $61 billion.

Apex Group, a financial services provider, has secured an undisclosed amount of funding.

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