SYDNEY, AUSTRALIA: Sovereign Cloud Holdings Limited (AUCloud) is set to acquire three businesses, aiming for product and revenue diversification and a profitability path by FY25. The acquisitions are part of a strategic review to enhance capabilities in cybersecurity and cloud solutions. The combined entity, MergeCo, is expected to generate an Underlying EBITDA of approximately $4.7…
Author: Chenos Kahn
PublicSquare Holdings acquires Credova Holdings in a share exchange deal
PublicSquare Holdings, Inc. (NYSE: PSQH), a marketplace for patriotic businesses and consumers, has successfully acquired Credova Holdings, Inc., a Buy Now Pay Later (BNPL) solutions provider for the shooting sports industry. The merger, finalized on March 13, 2024, involved PublicSquare issuing approximately 2.9 million shares of Class A common stock in exchange for all outstanding…
Turtle Beach Corporation announces strategic acquisitions and executive appointments
In a significant move to bolster its market presence, Turtle Beach Corporation (Nasdaq: HEAR), a prominent player in the gaming accessories domain, has announced a series of strategic decisions following the establishment of a Value Enhancement Committee in 2023. The Board of Directors has sanctioned comprehensive changes aimed at enhancing business value, optimizing capital allocation,…
SPIE acquires 92% stake in German telecom firm ICG Group
PARIS, FRANCE: SPIE, the independent European leader in energy and communications services, has announced the acquisition of c.92% of ICG Group, a leading provider of telecommunication infrastructure in Germany. The deal, valued at 9.1 times ICG Group’s 2023 earnings before interest, taxes, depreciation and amortization (EBITA), will allow SPIE to enter the market for 5G…
FDE acquires Greenstat, a leading green energy operator in Norway
PARIS: FDE, a carbon negative energy producer listed on Euronext, announced today that it has completed the acquisition of a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The acquisition, which was announced on January 16th 2024, aims to further strengthen…
Hornblower Group to sell or shut down its overnight cruising business
Hornblower Group, a leading provider of land- and water-based experiences, has announced a major restructuring deal that will see it sell or shut down its overnight cruising business, American Queen Voyages (AQV), which has been struggling due to the pandemic. The deal, which has the support of its investors, will also involve a change in…
Orica to buy US sodium cyanide maker Cyanco for $640 million
SYDNEY, AUSTRALIA: Orica, the world’s largest provider of commercial explosives and blasting systems, has announced a deal to acquire Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide, for US$640 million. Sodium cyanide is a key chemical used in the extraction of gold and other precious metals from ore. The acquisition of…
Austco Healthcare to acquire Amentco Enterprise for $10.6 million
SYDNEY, AUSTRALIA: Austco Healthcare Limited (ASX:AHC), a provider of advanced technology solutions for healthcare facilities, has announced that it has agreed to buy Amentco Enterprise Group Pty Ltd, a Queensland-based systems integrator specialising in communication and security systems for healthcare and aged-care sectors. According to a company announcement, the acquisition, which is subject to customary…
Metals Acquisition Limited debuts on ASX with oversubscribed IPO
SYDNEY, AUSTRALIA: Metals Acquisition Limited (MAC), a global metals and mining company, has commenced trading on the Australian Securities Exchange (ASX) today under the ticker ‘MAC’, after raising A$325 million in an oversubscribed initial public offering (IPO) of CHESS Depositary Interests (CDIs). The company, which is also listed on the New York Stock Exchange (NYSE),…
Icade unveils its new strategic plan ReShapE for 2024-2028
AMSTERDAM: Icade, a leading French real estate company, has announced its new strategic plan ReShapE for 2024-2028 at its Investor Day in the Paris Orly-Rungis business park. The plan aims to respond to the changing needs and expectations of its customers and stakeholders, as well as the major climate-related challenges facing society. The plan is…
McPhy Energy may sell its refueling station business to Atawey
PARIS, FRANCE: McPhy Energy, a leading manufacturer of low-carbon hydrogen equipment, has announced that it has received a binding offer from Atawey, a French company specialized in hydrogen mobility solutions, for the sale of its refueling station business. The offer comes after the two parties entered into exclusive negotiations in December 20231. The sale price…
Victor Group acquires 25% stake in LIT Technology for $2.0 million
SYDNEY, AUSTRALIA: Victor Group Holdings Ltd (ASX: VIG), a leading provider of cloud-based education solutions in China, has announced its strategic investment in LIT Technology Pty Ltd, an innovative fintech company with a strong presence in Vietnam. The deal, valued at AUD2,000,000.00, will be completed through the issuance of 80,000,000 shares at an issues price…