LONDON, UK: 888 Holdings has entered into an agreement with Caesars Entertainment Inc. to acquire the international (non-US) business of William Hill (WHI) at an enterprise value of £2.2 billion. The Acquisition will create a global online betting and gaming leader by bringing together two highly complementary businesses and combining two of the industry’s leading…
STV Group acquires Hello Mary
LONDON, UK: STV Studios announced the addition of a further new label to its expanding portfolio, unscripted production company, Hello Mary – the eighth label in the STV family. Brighton-based Hello Mary was founded by Steve Regan in 2019. In just two years from inception, the company has won and delivered a range of titles…
Aker gears up to tap UK Carbon Capture and Storage market
OSLO, NORWAY: The pure play carbon capture company Aker Carbon Capture is gearing up in the UK to capture opportunities in the rapidly evolving Carbon Capture and Storage (CCS) market. The company recently established a UK entity and is working on several projects to apply its proprietary carbon capture technology in the UK, which has…
Indus Motor Company to invest $100mn in Hybrid Electric Vehicles
KARACHI, PAKISTAN: Indus Motor Company (INDU), the assembler of Toyota vehicles in Pakistan, has announced a whopping $100 million investment in Hybrid Electric Vehicles (HEVs) production over next three years, a bourse filing said on Wednesday. “We are pleased to announce that based on the incentives provided against certain taxes and duties as announced by…
Ericsson boosts network services portfolio
STOCKHOLM, SWEDEN: Ericsson has strengthened its Network Services portfolio with the Intelligent Deployment solution – an agile, digital and modular suite of tools and services that enables communications service providers to roll out, expand, and upgrade networks based on their specific needs and those of their customers. With technology advancing rapidly, networks are becoming more…
GFH signs $200 million real estate deal in the Las Vegas
MANAMA, BAHRAIN: GFH Financial Group (GFH) has signed a real estate deal worth $200 million to acquire two multifamily residential sites in prime locations in Las Vegas. The acquisition was completed in partnership with US-based real estate specialist Carroll, which manages around $5.2 billion of assets. GFH’s investment strategy in residential assets is based on…
Smiths Group to sell Smiths Medical to ICU Medical for $2.4bn
LONDON, UK: Smiths Group plc has agreed the sale of Smiths Medical to ICU Medical Inc in a $2.4 billion deal, a news release said. The ICU Transaction delivers $0.4bn more value to shareholders and carries future material upside through both participation in ICU Medical equity and a $0.1bn ‘earnout’. In light of this, the…
S4Capital announces merger with Cashmere
LONDON, UK: S4Capital Plc has announced a merger between Cashmere and Media.Monks, which significantly expands the capabilities of both its content practice in the USA and global cultural strategy. Cashmere is the premier culture and creative marketing agency, founded in Los Angeles in 2003, by Ted Chung and Seung Chung. With over 150 team members,…
Property Franchise Group buys 80% stake in The Mortgage Genie
LONDON, UK: The Property Franchise Group (TPFG) has acquired 80% of the issued share capital of The Mortgage Genie Limited (TMG). The initial consideration is £400,000 with an estimated additional payment of c.£90,000 once the post completion process has been satisfactorily finalised. The Mortgage Genie (TMG) is a mortgage broker operating as an Authorised Representative…
Apax X Fund and Warburg Pincus to jointly acquire T-Mobile Netherlands
LONDON, UK: On 7 September 2021, the Apax X Fund signed, in consortium with Warburg Pincus LLP, a definitive agreement to acquire T-Mobile Netherlands Holding B.V., a leading European telecommunications operator. The transaction is subject to customary closing conditions, including consultation with employee representatives, and regulatory approvals. AGA is a limited partner in Apax X…
Gfinity acquires SiegeGG
LONDON, UK: Gfinity Plc, a world-leading esports and gaming solutions provider, announced the acquisition of the trade and assets of SiegeGG Corporation, which operates siege.gg, a leading website for statistics, analysis and news around the Rainbow Six Siege video game. SiegeGG with immediate effect will become part of the fast-growing Gfinity Digital Media group (GDM),…
Aramex redesigns operating model to capture growth opportunities
DUBAI, UAE: Aramex announced adopting a new operating model with the strategic objective of enhancing customer service levels and operating efficiencies while capturing greater global market share within both the B2C and B2B customer segments. Operating Model Redesign: Aramex Express, which includes international and domestic delivery solutions will serve the B2C customer base including Shop…