LONDON: In a groundbreaking transaction, Nova Chemicals Holding GmbH, a subsidiary of Mubadala Investment Company’s MDGH, has entered into an agreement to sell its entire share capital in NOVA Chemicals Corporation to Abu Dhabi National Oil Company (ADNOC) PJSC. The deal, valued at a staggering $13.4 billion inclusive of debt, signifies a major strategic move…
BYD targets $5.2 billion through Hong Kong share sale amid expansion
HONG KONG: Chinese electric vehicle manufacturer BYD has launched a Hong Kong share sale to raise up to $5.2 billion, according to a term sheet reviewed by Reuters on Monday. The accelerated book-building process has set a price range of HK$333-HK$345 per share, reflecting an up to 8.4% discount from BYD’s closing price of HK$363.60….
Mountain West Utility Trailer acquires Utility Trailer Sales Company of Arizona
SALT LAKE CITY: Utility Trailer Manufacturing Company has announced that Mountain West Utility Trailer, Inc. has acquired Utility Trailer Sales Company of Arizona. Earlier this year, Mountain West Utility Trailer, Inc. was established when Utility Trailer Sales of Utah acquired Utility Trailer Sales of Idaho. The new dealer group is led by President and CEO…
Viant Technology has bought Lockr, a first-party data collaboration platform,
IRVINE: Viant Technology Inc. (NASDAQ: DSP), a leader in connected TV (CTV) and AI-powered programmatic advertising, has announced the acquisition of Lockr, a pioneering first-party data collaboration platform. Lockr enables content owners to collect, enrich, and activate first-party data efficiently. Keith Petri, the founder of Lockr, will continue to serve as its CEO. “Addressability is the…
GS Foods Group acquires The Danielsen Company in Northern California
CHICO: GS Foods Group, Inc., a leading specialized food distributor owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), announced today the acquisition of The Danielsen Company, a trusted foodservice provider based in Chico, California. This acquisition combines GS Foods’ national expertise with The Danielsen Company’s long-standing commitment to customer satisfaction, delivering…
Firebrick Pharma secures A$1.1 million investment from Pharma Nutria N.A. Inc.
SYDNEY: Firebrick Pharma Limited (ASX:FRE) announced Tuesday that it has secured an investment of A$1.1 million from Pharma Nutria N.A., Inc. (PNAI), a member of the SV More Group of Companies. This investment includes Firebrick’s Philippines licensing partner, SV More Pharma Corporation. As part of the deal, PNAI will acquire 11,578,947 ordinary shares in Firebrick at $0.095…
Yojee signs transport management deal with DSV in Australia
SYDNEY: Yojee Limited, a leading logistics technology company, announced Tuesday it has signed a 12-month usage-based services agreement with DSV Air and Sea Pty Ltd, a global transport and logistics specialist, to implement its Transport Carrier Management System (TCMS) across Australia. The agreement marks a significant step for Yojee, which aims to digitize land freight operations by…
Claranova enters negotiations to sell PlanetArt Division for up to $160 million
PARIS: Claranova, a technology group, has announced it is in exclusive negotiations with General Atlantic Credit’s Atlantic Park fund and PlanetArt’s Management Team for the potential sale of its PlanetArt division. The transaction could value PlanetArt at $160 million on a cash-free, debt-free basis, or approximately $180 million of equity value including excess cash and…
Norwegian Air Shuttle to purchase 10 Boeing 737-800 aircraft
OSLO: Norwegian Air Shuttle ASA (Norwegian) announced Monday it has entered into an agreement to purchase 10 Boeing 737-800 aircraft currently on lease to the airline. This transaction marks a significant step in securing the company’s future fleet, enhancing financial flexibility, and increasing asset ownership to support long-term operational and strategic growth, alongside a reduction…
EQVA ASA acquires Austevoll Rørteknikk AS
OSLO: EQVA ASA has entered into an agreement to acquire 100% of the shares in Austevoll Rørteknikk AS (ART). The acquisition will be executed by EQVA’s wholly owned subsidiary, EQVA Industrial Solutions AS (EIS), and aligns with EQVA’s growth strategy within industrial services and the aquaculture segment. The acquisition strengthens EQVA’s presence on Norway’s west coast, particularly…
J.C. Flowers & Co. has acquired Pepper Advantage
Pepper Advantage, a premier credit management firm operating across Europe and Asia, today announced the completion of its acquisition by J.C. Flowers & Co., a private investment firm specializing in the financial services industry. The financial terms of the deal were not disclosed. The acquisition marks a significant milestone for Pepper Advantage, which will maintain its independence…
Hunting PLC sold 23% equity investment in Rival Downhole Tools for $13.1 million
LONDON: Hunting PLC (LSE: HTG), the precision engineering group, today announced the completion of the sale of its 23% equity investment in Rival Downhole Tools L.C., an associate company, to a third party, for a consideration of $13.1 million. Following adjustments for working capital, Hunting will receive $12.0 million in cash. It has been agreed with the…