LONDON, UK: Immotion Group, the UK-based immersive entertainment company, will announce the launch of Gorilla Trek, a new live-action virtual reality experience, at the IAAPA trade show in Florida. This exciting new VR experience will take guests to the rainforests of Rwanda on a mission to study one of nature’s most intriguing yet endangered animals…
Alstom included in Dow Jones Sustainability Indices
PARIS, FRANCE: For the eleventh consecutive year, Alstom has been included in the Dow Jones Sustainability Indices (DJSI), World and Europe, attesting to its leadership position in sustainable business practices. The Company reached an overall score of 75 out of 100 in the Corporate Sustainability Assessment (95% percentile 2021). Alstom has maintained its ranking while…
U.S. retail sales surge 1.7% in October
WASHINGTON: U.S. retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing 0.8% instead of 0.7% as previously reported. Sales have now risen for three straight months. Unit motor vehicle sales increased in October for the first time in six months. The…
Peloton to sell $1 billion worth of shares
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…