SAN LUIS OBISPO: Revasum Inc. announced the appointment of Rebecca Shooter-Dodd to the roles of President and Chief Executive Officer (CEO) & Executive Director effective immediately. Ms. Shooter-Dodd is currently the Company’s Chief Financial and Operating Officer (CFOO), and Company Secretary. The Company will commence an executive search for a Chief Financial Officer. Ms. Shooter-Dodd…
Nuix Limited acquires Topos Labs for up to $25 million
SYDNEY, AUSTRALIA: Nuix Limited has entered into an agreement to acquire all the shares in Topos Labs Inc., a developer of Natural Language Processing (NLP) software that helps computer systems better understand text and spoken words at speed and scale, a news release said. The initial cost of the acquisition is US$5 million on financial …
PayPal Holdings to acquire Paidy Inc. for $2.7 billion
TOKYO, JAPAN: PayPal Holdings Inc. said it will acquire the Japanese upstart Paidy Inc. for 300 billion yen ($2.7 billion), a news release said. The acquisition will be “minimally dilutive” to adjusted earnings per share in 2022, PayPal said Tuesday in a statement. The deal, which is expected to close in the fourth quarter, will…
Verditek PLC wins Innovate UK Grant
LONDON, UK: Verditek plc, the international green energy technology company that develops, manufactures and sells advanced ultra-lightweight solar panels, announced that it has been successful with its application for an Innovate UK grant. The grant is to part fund Verditek to develop in association with local partners, a robust, ultra-lightweight portable micro solar energy system…
Diurnal Group announces commercial launch of Efmody in the UK
LONDON, UK: Diurnal Group announced the commercial launch of Efmody (hydrocortisone modified-release hard capsules) in the United Kingdom as treatment of adult and adolescent patients (12 years and older) with the rare condition congenital adrenal hyperplasia (CAH). The launch of Efmody follows its approval by the UK Medicines and Healthcare Products Regulatory Agency (MHRA) in…
Streams and Quanta launching LiveScores football service in Argentina
LONDON, UK: Mobile Streams plc, in partnership with Quanta Media Group (QMG), will be launching its LiveScores football 365 service in Argentina. The service is set to go live on 1 October 2021 and is expected to generate significant revenue for MOS over the next 3 years. Income is generated for MOS through a mixture…
Falcon Oil & Gas appoints Joe Nally as non-executive chairman
LONDON, UK: Falcon Oil & Gas Ltd. announced the appointment of Joe Nally as Non-executive Chairman and to the Board of the Company, with immediate effect, replacing Joachim Conrad who will remain on the Board as a Non-executive Director. Mr Nally has over 45 years’ experience in London’s capital markets including 18 years at Cenkos…
Wincanton buys Cygnia Logistics Limited, in a £23.9 million deal
LONDON, UK: Wincanton Plc, a leading supply chain partner for UK business, has agreed to acquire 100% of the shares in Caledonia Bidco Limited, the holding company of Cygnia Logistics Limited from Crescent Capital for a consideration of up to £23.9 million, on a cash free, debt free basis. Founded in 1999, Cygnia Logistics has…
Equitix buys Babcock’s stake in AirTanker for £126 million
LONDON, UK: Babcock International has entered into a definitive agreement with Equitix Investment Management Limited for the sale of its 15.4% shareholding in AirTanker Holdings Limited for a cash consideration of £126 million, including the repayment of shareholder loans of £31.1 million1, subject to any routine closing adjustments and before transaction costs. AirTanker Holdings is…
Chesnara to acquire Sanlam Life & Pensions UK for £39 million
LONDON, UK: Chesnara Plc has entered into an agreement with Sanlam UK Limited to acquire Sanlam Life & Pensions UK Limited (SLP), a specialist provider of insurance and long-term savings products in the UK.Cash consideration of £39 million will be funded from Chesnara’s existing debt facility. The acquisition enhances the scale of its operations in…
Rolls-Royce sells 23.1% stake in AirTanker Holdings to Equitix for £189mn
LONDON, UK: Rolls-Royce has announced the agreed sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189 million, including the repayment of shareholder loans and accrued and deferred interest of approximately £47 million, subject to any routine closing adjustments and before transaction costs. The transaction is…
Ascential acquires OneSpace, a content optimisation business
LONDON, UK: Ascential plc has acquired 100% of OneSpace, a content optimisation business serving brands trading on eCommerce marketplaces. Ascential plc is the specialist information, analytics and eCommerce optimisation company. Underpinned by its SaaS model, OneSpace manages product specific content catalogues, enables the creation of original material and customizes content in order to drive higher…