LONDON: Arix Bioscience Plc, a global venture capital company focused on investing in and building breakthrough biotech companies, announced the foundation of a new portfolio company, Twelve Bio, which is developing novel engineered Cas12a nucleases for therapeutic gene editing. Arix is the sole investor in the company, with a 49% ownership stake. Twelve Bio is…
Vodafone and Vantage Towers set price range for planned IPO at €22.50 to €29.00 per share
LONDON: Vodafone and Vantage Towers AG have set the price range for existing ordinary registered shares with no par value to be offered in Vantage Towers’ planned initial public offering (IPO) at between €22.50 and €29.00 per Share. The final offer price will be determined based on a bookbuilding process. The period during which investors…
Kanabo signs medicinal cannabis production agreement
LONDON: Kanabo Group (LON: KNB) has signed a production and supply agreement with PharmaCann Polska under which PharmaCann will supply cartridges containing Kanabo’s proprietary medicinal cannabis formulations for its VapePod inhalation device. The cartridges will be filled and prepared at PharmaCann’s wholly owned facility in North Macedonia. This is a second key agreement directed towards…
Stenprop acquires three multi-let industrial estates
LONDON: Stenprop Limited has acquired three multi-let estates as it remains on target to be a fully focused MLI REIT by the end of the next financial year, a news release said. The three in Newcastle, Bromborough and Bradford, have been purchased in separate transactions for a total consideration of £18.4 million, reflecting a net…
Acquisition of Cindrigo Energy Limited
LONDON: Challenger Acquisitions Limited has entered into an agreement with Cindrigo Energy Limited (CEL) in respect of an alternative proposal involving the acquisition of CEL whilst it remains the 100% parent of Cindrigo Limited. Cindrigo Energy Limited is part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience…
Ideagen Plc acquires Qualtrax Inc. for $14.9 million
LONDON: Ideagen Plc, a leading supplier of regulatory and compliance software, announced the acquisition of Qualtrax Inc to further extend the Group’s presence in the United States for a total net cash consideration of approximately $14.9 million. Founded in 1993, Qualtrax is a provider of QHSE (quality, health, safety and environmental) compliance software specialising on…
Ventec Life Systems appoints Jim Alwan as President and CEO
BOTHELL: Ventec Life Systems announced that its Board of Directors has appointed Jim Alwan as President and Chief Executive Officer, effective March 15, 2021. Alwan will also serve as a member of the Ventec Board of Directors. Alwan brings to Ventec Life Systems extensive medical device leadership experience with more than 25 years developing and…
Jadex appoints David Moody as Chief Executive Officer
GREENVILLE: Jadex Inc. announced the retirement of current Chief Executive Officer Chuck Villa and the appointment of Dr. David Moody to serve as Chief Executive Officer, effective March 22, 2021. Most recently, Dr. Moody served as Executive Vice President and Division President, Chemicals at Milliken & Company. Mr. Villa will remain a senior advisor to,…
Vince Holding appoints Jack Schwefel as Chief Executive Officer
NEW YORK: Vince Holding Corp. announced the appointment of Jack Schwefel as the Company’s Chief Executive Officer (CEO) effective March 29, 2021. Schwefel, who will be based at the Company’s New York headquarters, will replace Mr. David Stefko who has served as Interim CEO since August 28, 2020. Stefko will continue to serve as Executive…
IMCD to sell its Nutri Granulations business to J.M. Huber Corporation
ROTTERDAM: IMCD N.V. has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials (HEM), a division of J.M. Huber Corporation. “Huber is an important supplier partner for IMCD and we are delighted to reach an agreement on the sale of Nutri Granulations,” says Marcus Jordan, Americas President,…
BKD acquires Hamernik LLC
SPRINGFIELD: BKD CPAs & Advisors has aquired Hamernik LLC—an Indianapolis-based consulting firm specializing in restructuring and business advisory services. “We extend a warm welcome to the newest members of our firm,” said Dickman, CEO. “BKD and Hamernik share a strong commitment to providing Unmatched Client Service, and I am excited to see how Hamernik will…
PayPal to acquire cryptocurrency security firm Curv
NEW YORK: PayPal will acquire cryptocurrency security firm Curv as part of its push into digital tokens, a news release said. The deal is expected to close in the first half of 2021. Founded in 2018, Curv provides companies with digital asset security technology that’s delivered as a cloud service. PayPal said the deal will help…