SOUTHBOROUGH: Baring Private Equity Asia (BPEA) has completed the acquisition and privatization of Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering. In conjunction with the closing, Virtusa’s common stock will cease trading before the market opens on February…
WEX signs agreement to acquire HSA assets of HealthcareBank
PORTLAND: WEX Inc., a financial technology service provider, announced the signing of an agreement to acquire certain health savings account (HSA) assets of HealthcareBank, the custodian bank for customers of WEX’s Health division. Pursuant to the terms of the agreement, WEX will pay an initial cash consideration of approximately $200 million, with two additional deferred…
U.S. buys additional 100 million doses of Moderna’s COVID-19 vaccine
CAMBRIDGE: Moderna Inc. announced that the U.S. government has purchased an additional 100 million doses of Moderna’s COVID-19 Vaccine, bringing its confirmed order commitment to 300 million doses. Moderna has supplied 41 million released doses of the vaccine to the U.S. government to date. More than 22 million Americans have received the Moderna COVID-19 Vaccine…
Madison Realty Capital originated more than $1.5 Billion in transactions during 2020
NEW YORK: Madison Realty Capital (MRC) completed more than $1.5 billion in financing, originations and performing and non-performing note purchases in 2020, ranging from $4.9 million to $173 million, a news release said. The firm closed a total of 23 transactions in major U.S. metropolitan and suburban markets across a variety of real estate asset…
Shell accelerates drive for net-zero emissions with customer-first strategy
THE HAGUE: Shell has set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its…
Moody’s raises the outlook for Coface to stable
PARIS: The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable. Almost one year since the beginning of the coronavirus pandemic and the associated health and economic crisis, Moody’s…
TGS-NOPEC initiates $20 million share repurchase program
OSLO: TGS-NOPEC Geophysical Company ASA announced that reflective of the Company’s strong financial and liquidity position and cash flow outlook, the Board of Directors has authorized a share repurchase program of up to USD 20 million. The share repurchase program will be in place until the Company’s annual general meeting in May 2022, or such…
Alpha Growth acquires Bermuda based holding company with wholly owned insurance subsidiary
LONDON: Alpha Growth Plc, a leading financial services specialist in the growing longevity asset class, signed a share purchase agreement to acquire a Bermuda based holding company and its wholly owned insurance company. This is a transformative deal for Alpha Growth and represents a significant building block in the company’s continued evolution, the deal adds…
LSL Property acquires Direct Life Quote Holdings and Mortgage Gym Limited
LONDON: LSL Property Services has announced the acquisition of a 60% stake in Direct Life Quote Holdings Limited for £1.8 million, and the acquisition in full of the business and assets of Mortgage Gym Limited for £2.4 million, as part of its digital strategy to drive growth in financial services. LSL is one of the…
AstraZeneca notifies non-executive board changes
LONDON: AstraZeneca PLC announced today that Non-Executive Directors Geneviève Berger and Graham Chipchase intend to retire from the Board at the conclusion of the Company’s Annual General Meeting on 30 April 2021. By that date, each will have served on the Board for nine years. All other Non-Executive Directors will present themselves for election or…
Warehouse REIT notifies £35 million acquisition in Liverpool
LONDON: Warehouse REIT announced the acquisition of four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, totalling 390,000 sq ft. The purchase price of £35 million reflects a net initial yield of 5.5%. Ranging from 74,000 sq ft to 163,000 sq ft, the units are occupied by three separate occupiers spanning the automotive…
Robinson Plc acquires Danish company Schela Plast for £7.7 million
LONDON: Robinson plc, the custom manufacturer of plastic and paperboard packaging, acquired Schela Plast A/S, a Danish designer and manufacturer of blow moulded containers for a total consideration of £7.7m on a debt free cash free basis. Alan Raleigh, Chairman of Robinson, commented: “The Acquisition supports our sustainable growth strategy. Schela Plast is a strong…