LONDON, UK: JTC Plc, the global professional services business, has acquired Segue Partners, an innovative fund services provider head-quartered in St. Louis, Missouri, USA. The initial consideration will be settled in cash and JTC equity. A further consideration is available on the achievement of performance targets in 2022 and 2023. Background to Segue Partners Michelle…
Initial public offering of Thoughtworks
LONDON, UK: The Apax IX Fund, in which AGA is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks’ announcement on the 14 September 2021 of the pricing of its initial public offering of common stock (IPO), shares of…
DP WORLD to invest £300mn London Gateway logistics hub
DUBAI, UAE: DP WORLD will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels, a news release said. The £300 million sum – which builds on the £2bn investment DP World has made in Britain…
Wesfarmers upgrades bid for Australian Pharmaceutical Industries t0 $1.55/share
SYDNEY, AUSTRALIA: Wesfarmers Limited has proposed to acquire 100 per cent of the shares in Australian Pharmaceutical Industries (API) for cash consideration of $1.55 per share (Revised Proposal). In July this year, Wesfarmers Ltd had submitted a non-binding, indicative offer to acquire 100 percent of the shares outstanding in Australian Pharmaceutical Industries (API) for $1.38 per share by way…
InsurTechs leveraging significant capital inflows to fuel innovation
PARIS, FRANCE: InsurTechs and BigTech players are leveraging significant capital inflows to boost technological development and fuel innovation, turning up the heat on incumbent insurers. Capgemini and Efma’s World InsurTech Report 2021 was published on Thursday. New age digital players are offering greater personalization and emphasis on customer experience, thus achieving maturity and customer adoption. In response, incumbents…
Healthia Limited to acquire Rothwell Physiotherapy
SYDNEY, AUSTRALIA: Healthia Limited has entered into a binding agreement to acquire Rothwell Physiotherapy, a physiotherapy business located on the north side of Brisbane which services the wider Moreton Bay region. Wesley Coote, Managing Director, said, “We are very much looking forward to welcoming the team at Rothwell Physiotherapy into the Healthia Family. The addition…
Cover Technologies acquires Flurbo Technology for up to $4.95 million
VANCOUVER, CANADA: Cover Technologies Inc. (COVE) has closed the acquisition of Flurbo, a decentralized finance (DeFi) blockchain technology software application from Nifty Technologies for $1.45 million in shares plus $3.5 million worth of performance shares. Flurbo is designed to facilitate tracking, trading, transacting, and borrowing against digital assets, in a secured and transparent manner. The…
Hutchison to run dry port and bonded logistics in SPARK industrial city
HONG KONG: King Salman energy Park (SPARK) and Hutchison Ports signed a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city. Designed to ensure ease of access to global markets, the three-square-kilometre dry port will enable the future…
Cash on delivery drops as trust in digital payments rise: VISA
Pakistani consumers are increasingly stepping away from cash and putting their trust in digital payments in both in-store and online environments during the pandemic, according to the 2021 Stay Secure survey by Visa. Cash is unlikely to return to its previous high level of use According to the study, the use of cash in Pakistan…
Bahria Town Karachi
Bahria Town Karachi (BTK) is a privately owned gated suburb under construction community. BTK occupies 46,000 acres, just off the M-9 Motorway northeast of Karachi. The community is planned to house around one million people. Bahria Town has been shaping landscapes and lives in Pakistan since the company’s inception in 1996. Not just about building…
Swedish Match announces planned separation of its cigar business
STOCKHOLM, SWEDEN: Swedish Match has appointed Goldman Sachs as exclusive financial advisor on the intended spin-off of its cigar business. Swedish Match intends to separate its cigar business via a spin-off to shareholders and to completely exit the manufacturing of combustible tobacco products. Swedish Match has initiated preparations for a separation and a subsequent listing…
SES Sees Uptake in Cloud-Enabled Media Playout Service Worldwide
An increasing number of broadcasters and channel operators worldwide are adopting SES’s Cloud Playout service to better manage their linear TV channels and content assets flexibly and cost-effectively. This recent shift to cloud-based services means that SES now has more than 60 TV channels from Africa, Europe and Asia-Pacific that started utilising SES Cloud playout…