LONDON: The Revel Collective plc, the operator behind Revolution Bars, Revolución de Cuba, and Peach Pubs, has launched a strategic review and formal sales process as it grapples with mounting financial pressures and a sharp decline in revenue. The company announced Thursday that it is exploring a range of options, including a potential sale of…
Signify lowers 2025 forecast amid challenging market conditions
EINDHOVEN: Signify, the world leader in lighting, reported a decline in third-quarter sales and profitability, prompting the company to lower its financial guidance for the full year due to a softer-than-expected U.S. market and ongoing challenges in its OEM component business. The company, known for its Philips lighting brands, announced third-quarter sales of 1.41 billion…
Japan’s Kondotec to acquire Suzutoh and RYUKYU BRIDGE LTD
TOKYO: Japanese construction materials firm Kondotec Inc said on Friday it will acquire all shares of Suzutoh Co., Ltd., making it a subsidiary as part of a strategy to strengthen its supply system and expand in growth areas. The acquisition, approved by Kondotec’s board on Friday, is scheduled to be completed on Nov. 27, the company…
Sweden’s MedCap posts strong quarterly profit on acquisitions and organic growth
STOCKHOLM: Swedish medical technology and life sciences investor MedCap AB on Friday reported a 32% rise in its third-quarter adjusted core earnings, driven by robust organic growth and contributions from recent acquisitions. The company, which buys and develops small- and medium-sized life science companies, said adjusted earnings before interest, taxes and amortisation (EBITA) rose to…
SS&C Technologies reports strong Q3 results, raises dividend and operating cash flow surges
WINDSOR: SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial, and healthcare software and software-enabled services, announced robust financial results for the third quarter ended September 30, 2025, highlighting significant revenue growth and a sharp increase in operating cash flow. The company reported a 7.0 percent growth in both GAAP and Adjusted…
FHLBank Chicago reports $185 million Q3 profit, boosts community investment
CHICAGO: The Federal Home Loan Bank of Chicago (FHLBank Chicago) on Friday reported preliminary and unaudited net income of $185 million for the third quarter of 2025, up from $130 million in the same period last year, citing lower noninterest expenses and increased member participation in community investment programs. “Our preliminary third quarter performance reflects…
Copeland to acquire Germany’s SPH Sustainable Process Heat
OVERATH: Copeland, a global leader in sustainable climate solutions, announced Friday it has reached an agreement to acquire SPH Sustainable Process Heat, a Germany-based industrial heat pump technology company. The acquisition is expected to strengthen Copeland’s industrial heating portfolio, enabling broader delivery of high-temperature heat pump solutions under its Vilter brand. SPH will continue to…
Belgium’s KBC Group to buy Czech and Slovak units of Business Lease Group from Dutch rival AutoBinck
BRUSSELS: Belgium’s KBC Group (KBC.BR) has agreed to buy the Czech and Slovak units of Business Lease Group from Dutch rival AutoBinck Group (BINCK.AS) for 72 million euros ($77 million), the companies said on Thursday, in a move to significantly bolster its leasing operations in Central Europe. According to a stock filing, the acquisition is…
Partners Group agrees to sell its 24.9% stake in Apex Logistics for EUR 16.7 million
LONDON: Partners Group Private Equity Limited (PGPE Ltd) announced that the Partners Group, its Investment Manager, has agreed to exit its minority stake in global logistics provider Apex Logistics. · The transaction values Apex Logistics at an EV of over USD 4 billion · The transaction values the stake of PGPE Ltd in Apex Logistics in line…
Power Metal Resources to acquire strategic stake in Apex Royalties Limited
LONDON: Power Metal Resources PLC (AIM:POW), the London listed exploration company and project incubator with a global project portfolio, announced the signing of a binding subscription agreement for an investment of £4 million in Apex Royalties Limited, a private, high growth, diversified, mining royalty company. Apex was established in late 2024 and has since grown…
Global banks agree to invest £170 million in LSEG’s Post Trade Solutions business
LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
Redcentric plc agrees to sell data centres business to Stellanor for £127 million
LONDON: Redcentric plc (AIM:RCN), a leading UK IT managed services provider, has conditionally agreed the sale of its Data Centre business, Redcentric Data Centres Limited, (RDC) to Stellanor Datacenters Group Limited, UK data centre operator backed by a fund managed by DWS Group for a cash consideration based on an enterprise valuation of up to…