HONG KONG : CJ Olive Young, South Korea’s largest beauty store chain, has announced US$1 billion initial public offering (IPO) in Korea. Olive Young was spun off from CJ Olive Networks Co., an online and digital marketing services company, in 2019. CJ Olive Young has about 1,200 stores across South Korea, and delivers its products…
Telenor and CP Group explore merger between dtac and True Corporation
OSLO, NORWAY: Telenor Group and Charoen Pokphand Group (CP Group) are in discussions to explore a potential merger between the telecom operations of Total Access Communication PCL (dtac) and True Corporation in Thailand. There are open issues outstanding and there is no certainty that the discussions will result in a final agreement, a statement says….
Adthink and Geniee build a partnership for ad revenue growth
PARIS, FRANCE: Adthink, the French digital marketing specialist, and Geniee, the largest digital advertising supply side platform in Japan, announced a strategic partnership to raise publisher’s revenue. Being the No. 1 SSP (Supply Side Platform) in Japan as well as a proud GCPP (Google Certified Publishing Partner), Geniee has been working closely with over 6,000…
Social Chain plans capital increase to fund DS Holding acquisition
BERLIN, GERMANY: For the first time after the successful listing in the Prime Standard of the Frankfurt Stock Exchange, Social Chain AG is preparing a cash capital increase, a bourse filing said. Due to the positive response from investors in recent weeks, the transaction could be implemented in the short term, subject to market conditions….
Fortnite Player Rezon Signed
LONDON, UK: Guild Esports (LON: GILD), a global teams organisation and lifestyle brand, announced the signing of Lennard Sill (Rezon) as the newest member of its Fortnite team. Rezon, from Germany, is a 17-time tournament winner with earnings of over $300,000. He has consistently ranked within the top 10 in Fortnite Champion Series (“FNCS”) tournaments…
Agronomics leads Ohayo Valley pre-seed funding
LONDON, UK: Agronomics, the leading listed company focused on cellular agriculture, has completed a subscription of $1.5 million in the form of a Simple Agreement for Future Equity (SAFE), in Ohayo Valley Inc. The Subscription will be paid using cash from the Company’s own resources. Ohayo Valley is a cultivated meat company, initially focused on…
Halma Plc acquires Infinite Leap for up to $47 million
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired Infinite Leap Inc. for its Medical sector business, CenTrak, which provides real-time location services for healthcare facilities. Infinite Leap is a healthcare consulting and services provider for real-time location technologies, based in Fargo, North Dakota, USA, which is also developing unique new…
Mutares SE & Co acquires Frigoscandia AB
OSLO, NORWAY: The Posten-owned company Frigoscandia AB (formerly Bring Frigo AB) in Sweden is sold to the Germany based investment company Mutares. Posten Norge AS and Mutares signed an agreement yesterday regarding the sale of the shares in Frigoscandia AB to Mutares. The sale is subject to approval by the Swedish Competition Authority. Frigoscandia AB…
Trajan Group acquires Axel Semrau GmbH for €17mn
SYDNEY, AUSTRALIA: Trajan Group Holdings Limited (ASX:TRJ) has overnight completed the acquisition of Axel Semrau GmbH and Semrau Immobilien GmbH, the private business and properties of Axel Semrau based in Sprockhövel, Germany for €14.75 million and €2.25 million respectively. Adjustments, including accumulated undistributed profits total €2.85 million in favour of the sellers, to be paid…
Apiam Animal Health to acquire Agnes Banks Equine Clinic
BENDIGO, AUSTRALIA: Apiam Animal Health Limited has entered into an agreement to acquire Agnes Banks Equine Clinic (ABEC). ABEC operates a well-established dedicated equine veterinary clinic approximately 70KM from Sydney and is well located to capture a diversified equine client base including sport horses, pleasure horses and racehorses. The business employs 14 equine vets (including…
Blackstone upgrade Crown Resorts acquisition bid to A$12.5/share
MELBOURNE: Crown Resorts Limited (ASX:CWN) has received an unsolicited and non-binding proposal from a company on behalf of funds managed and advised by Blackstone Inc. and its affiliates to acquire all of the shares in Crown by way of a scheme of arrangement at a price of A$12.50 cash per share.The offer price will be…
iCandy Interactive to buy Lemon Sky Studios for A$44.5mn
SYDNEY, AUSTRALIA: iCandy Interactive Limited has entered a Share Sale Agreement to acquire 100% of Southeast Asia-based game art and animation company, Lemon Sky Studios. iCandy is acquiring 100% of Lemon Sky Studios from its two founders for a total consideration of MYR 135 million (A$44.5 million). Lemon Sky Studios is the joint-venture partner of…