JM Smucker CEO Mark Smucker says Crisco is “an iconic brand” but didn’t fit with the company’s strategic priorities of pet food, coffee and snacking.

The deal is driven by the growth of big cloud-computing providers such as Amazon.com and Alphabet’s Google which are spending heavily on new data centers to meet a surge in demand for computing power delivered via the Internet.

Acceleration of digital transformation leads Thoma Bravo to raise three technology and software-focused funds. Dunkin’ owner confirms it is in buyout talks with Roark-backed Inspire Brands. More deal news from Bayer, Blackstone and AEI.

Drugmakers including Novartis, Roche Holding and Bristol-Myers Squibb have snapped up makers of gene therapies because they offer potential to cure a wide range of often-rare diseases by replacing or repairing errors in the body’s instruction manual.

Inspire Brands, the owner of Buffalo Wild Wings and Jimmy John’s, is backed by the Atlanta-based private equity firm Roark Capital.

Consumers have taken up cycling as a means of keeping fit and healthy during lockdowns.

Demand for decorating supplies has been robust during the coronavirus crisis, which has kept people indoors and many focused on home improvements. The broader construction industry, another key market for paint manufacturers, is expected to play an important role in a post-pandemic recovery.

PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins.

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Mergers & Acquisitions talks to Riverside Co.s’ Pam Hendrickson about the election from a PE perspective. Sun Life buys a majority stake in Crescent. Adidas is reportedly looking to sell Reebok. HarbourVest and Summit make education technology deals.

The deal for Crescent comes as many companies are struggling to stay alive through the coronavirus pandemic, and are turning to alternative lenders for money they can’t get from banks.

Since taking over as CEO of Adidas in 2016, Kasper Rorsted has repeatedly denied rumors that he was looking to sell the brand.

CD&R is on the lookout for new German targets, reports Bloomberg News. The PE firm sold Mauser Group, a packaging company with roots in the Black Forest, and acquired Kalle Group, a supplier of industrially produced casings for meat, in 2016.

The sector is merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.

The rule requires that 20 of the biggest U.S. lenders be able to rely on stable funding sources, such as long-term debt and customers’ deposits, in the event of a year long liquidity drought.

The deal shores up Hynix’s position in a business that’s boomed after Covid-19 drove demand for the chips used in everything from Apple Inc.’s iPhones to data centers.

LLR Partners raises sixth fund. ConcoPhillips buys rival Concho Resources. PE News from Kainos and Thoma Bravo. Mergers and Acquisitions seeks nominations for the 2021 Most Influential Women in Mid-Market M&A.

Alibaba CEO Daniel Zhang has made expansion into physical retail and the grocery business in particular a cornerstone of his growth strategy, an effort that paid off during the coronavirus pandemic.

The pandemic-induced price crash and lackluster global economic recovery have accelerated the push for consolidation across the shale patch, which is under severe financial strain after years of debt-fueled growth.

Smith signed a non-prosecution agreement in which he admitted he repeatedly made false filings with the IRS, even after he attempted to enter an amnesty program in 2014. He agreed to pay more than $139 million in back taxes, interest and penalties after a four-year investigation.