Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has announced a definitive agreement to acquire Kuvare Insurance Services LP, doing business as Kuvare Asset Management (KAM), for a total consideration of $750 million. KAM, known for its specialized asset management services tailored to the insurance sector, will be integrated into Blue Owl’s…
Author: Chenos Kahn
TECNO Unveils AI-Enhanced CAMON 30 Series
Innovative technology brand TECNO unveiled the CAMON 30 Pro 5G, CAMON 30 5G and CAMON 30 models of its newest CAMON 30 Series, delivering an extremely powerful flagship imaging experience in its price bracket, elevating the joy of video and image-making to new heights. The flagship model, CAMON 30 Premier 5G, is set to launch…
Brera Partners acquires 70% shares in GBSAPRI Group in Italy
ZURICH: Brera Partners, a private equity firm with a focus on the asset-light financial services industry, has acquired a 70% stake in the esteemed Italian insurance broker, GBSAPRI Group. While the financial specifics of the deal remain undisclosed, this acquisition marks a significant step in Brera Partners’ strategy to strengthen its position in the Italian…
IMCD Benelux has acquired Gova Ingredients
ROTTERDAM: IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD Benelux has acquired 100% of Gova Ingredients, a prominent ingredients distributor for the beauty and personal care market in the Benelux. Established in 1999 and headquartered in Hoogerheide, Netherlands, Gova provides an extensive portfolio of cosmetic actives and functional ingredients….
Canva acquires Affinity to expand visual communication tools
Canva, the world’s only all-in-one visual communication platform, has announced today the acquisition of Affinity, the award-winning creative software suite for professional-level photo editing, illustration, graphic design, and page layout. The acquisition significantly strengthens Canva’s vision of creating the most comprehensive set of visual communication tools in the world, a news release said. While the…
Edenred will acquire the energy cards business of IP Gruppo api (IP)
PARIS, FRANCE: Edenred, a global leader in B2B Mobility solutions will fully acquire the energy cards business of IP Gruppo api (IP), Italy’s leading private fuel and mobility company. The energy cards business of IP Gruppo api (IP) encompasses a portfolio of around 50,000 B2B clients. The scope of the transaction also includes a long-term…
ALS acquires York Analytical Laboratories and Wessling Holding GmbH
SYDNEY, AUSTRALIA: ALS Limited (ASX: ALQ) today announced the acquisitions of Northeast USA-based York Analytical Laboratories and Europe-based Wessling Holding GmbH & Co. KG, supporting ALS’ strategic growth agenda in its Life Sciences portfolio, more specifically, the Environmental business. These acquisitions are expected to contribute ~A$195 million in revenues on a full-year basis. The total…
N.I Group acquires Banefjell AS and SLAM Jernbaneteknikk for NOK 108.3m
OSLO, NORWAY: ININ Group’s subsidiary Nordic Infrastructure Group AS (N.I Group) has today signed the share purchase agreements to acquire 100 percent of the shares in Norwegian railway contractors Banefjell AS, and SLAM Jernbaneteknikk AS. “The acquisition of Banefjell strengthens Nordic Infrastructure Group’s position in south-west Norway, and will enable us to jointly take on…
IMCD signs agreement to acquire 100% shares of Bretano
ROTTERDAM, THE NETHERLANDS: IMCD N.V. has signed an agreement to acquire 100% of the shares of Bretano Costa Rica, S.A., Bretano El Salvador, S.A de C.V., Bretano Guatemala, S.A., and Grupo Bretano México, S. de R.L. de C.V. (jointly “Bretano”). Established in 1961, Bretano is headquartered in Costa Rica, with commercial and logistics operations in…
Pepper Money buys remaining 35% of Stratton Finance for $42 million
SYDNEY: Pepper Money Limited (ASX: PPM) has exercised the call option over the remaining 35% stake in Stratton Finance Pty Limited. As previously announced, Pepper Money completed the acquisition of the 65% interest in Stratton on 1 July 2022. At the same time, the parties also entered into a Put and Call Option in relation…
Perseus Mining ups takeover bid offer for OreCorp to A$0.575 per share
SYDNEY, AUSTRALIA: OreCorp Limited has announced receiving a revised takeover offer from Perseus Mining Limited. The new proposal suggests an increased bid of A$0.575 per share. The offer is contingent upon the OreCorp Board’s recommendation post fulfillment of specific conditions outlined in the Target’s Statement. Major shareholders have signaled their approval of the amended offer….
Genesis Capital ups offer for Pacific Smiles Group to $1.75 per share
SYDNEY, AUSTRALIA: Pacific Smiles Group Limited (ASX:PSQ) has announced receiving a revised acquisition proposal from Genesis Capital Manager I Pty Ltd. The new offer, standing $1.75 in cash per share, is set to be executed through a recommended scheme of arrangement. This revised indicative proposal not only increases the cash offer but also presents Pacific…