NEW YORK: Peloton Interactive Inc. will sell $1 billion of stock, a company statement said. Durable Capital Partners LP, TCV, and funds and accounts advised by T. Rowe Price Associates Inc. have expressed an interest in buying shares in the offering, Peloton said in a statement. This is the first public offering in Peloton since…
LINK to acquire Italian based chatbot company Matelab Srl
OSLO, NORWAY: LINK Mobility (LINK) has entered into a definitive agreement to acquire Italian based chatbot company Matelab Srl. The acquisition will immediately strengthen LINK’s omnichannel offering through enhanced conversational messaging capabilities with Contact Centre as a Service (CCaaS) and chatbot competencies. The company’s core offerings are the proprietary advanced conversational AI and NLP-driven software,…
Danone announces the sale of Aqua d’Or
PARIS, FRANCE: Danone, a leading multi-local food and beverage company, agreed to sell Aqua d’Or, its Water and Beverage business in Denmark, to Royal Unibrew, a Denmark-based brewing and beverage company. This sale is part of Danone’s strategic portfolio review and of the continuous optimization of its capital allocation. The closing of the transaction is…
Landsec to create £135mn net zero transition investment fund
LONDON, UK: Landsec has announced the creation of a new £135m net zero transition investment plan to help the Group achieve its 2030 science-based targets and drive its transition to net zero. The move comes two years ahead of the Government’s recently announced deadline for corporates to publish their pathway to net zero. The fund…
Literacy Capital completes minority investment into Cross Rental Services
LONDON, UK: Literacy Capital plc has completed a minority co-investment into Cross Rental Services (‘CRS’), a market leading provider of Refrigeration & Catering and Climate Control rental equipment. Headquartered in Andover, with operations across the UK and Ireland, CRS serves blue-chip customers across a diverse range of end markets, including retail, manufacturing, and facilities management….
Supermarket Income REIT buys £73 million worth of supermarkets
LONDON, UK: Supermarket Income REIT (LON: SUPR) announced the acquisition of a Sainsbury’s supermarket in Swansea, South Wales, and a Tesco supermarket in Maidstone, Kent, from Argo Real Estate Limited for a total purchase price of £73 million (excluding acquisition costs), reflecting a combined net initial yield of 4.6%. The Sainsbury’s store opened in 1989…
108 Media to buy DCD Media’s subsidiary, NBD for £4.7mn
LONDON, UK: DCD Media has conditionally agreed to sell the entire issued share capital of NBD to 108 Media Limited for a total consideration of up to £4.7 million in cash. NBD is the company’s sole direct subsidiary. Timeweave Limited is a major shareholder of DCD Media. When Timeweave took control of DCD Media almost…
Vitec Group acquires Phoenix-based Savage for $57.3 million
LONDON, UK: The Vitec Group (LON: VTC) agreed to acquire Savage for up to $57.3 million in cash, including retention, transaction and financing costs. Completion is expected by the end of November 2021. Savage is a global market leader in backgrounds for the growing professional studio photographic market. Savage will become part of Vitec’s Imaging…
Greenfield Energy acquires 10% interests in Tar Sands Holdings
LONDON, UK: Greenfield Energy has exercised its option to acquire an initial 10% of the Membership Interests in Tar Sands Holdings II LLC for a total cash consideration of US$2 million, of which an amount of US$500,000 was satisfied by crediting the deposits paid previously. Accordingly, Greenfield now retains an exclusive option, at its sole…
Philly Shipyard to build specialized vessel for U.S. offshore wind market
PHILADELPHIA: Philly Shipyard Inc. (FRA: 65I), the sole operating subsidiary of Philly Shipyard ASA (OSE: PHLY), has won a contract from Great Lakes Dredge & Dock Company, the nation’s leading dredging company, to construct one Jones Act-compliant Subsea Rock Installation Vessel – the first such ship to enter the U.S. market. Great Lakes retains a…
Capgemini completes acquisition of Empired Limited
PARIS, FRANCE: Capgemini (EPA: CAP) has completed the acquisition of Empired Limited (ASX: EPD), first announced on July 19, 2021. The combined scale and broad services portfolio will position Capgemini as a digital, data and cloud market leader in the region, with extensive capabilities across the entire Microsoft technology product suite. The acquisition by way…
E&P Financial Group appoints Peter Anderson as Managing Director
SYDNEY, AUSTRALIA: E&P Financial Group Limited announced the retirement of Kevin McCann AO as an Independent Non-Executive Director of the company and the appointment of Chief Executive Officer (CEO), Peter Anderson as Managing Director. Mr McCann has had a long involvement with the Company, having previously been a member of the advisory and statutory boards…