LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Coca-Cola HBC AG agrees to acquire 75% shareholding in Coca-Cola Beverages Africa for $2.6 billion
LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4 billion….
Findi secures new funding, acquires Sphere, and sets FY26 targets ahead of Indian IPO
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility and…
Helloworld Travel acquires full stake in Mobile Travel Agents for A$36 million
MELBOURNE: Helloworld Travel Ltd (ASX:HLO) said on Tuesday it has acquired the remaining 50% stake in Mobile Travel Holdings, trading as Mobile Travel Agents (MTA), for approximately A$36 million, bringing its total investment in the Gold Coast-based mobile travel agency to around A$50 million. The deal, which values MTA at five times earnings, is expected…
LaunchPad acquires Scott Home Services and Attik Field Solutions
AUSTIN: LaunchPad Home Group, the nation’s largest provider of home inspection and residential services, announced Tuesday it has acquired two companies: Colorado-based Scott Home Services and technology platform Attik Field Service Solutions. The dual acquisitions are designed to strengthen LaunchPad’s regional service offerings and introduce a new, integrated digital platform for homebuyers and real estate…
WSB LLC acquires power delivery firm Agbara Engineering
MINNEAPOLIS: WSB LLC, a national infrastructure engineering and consulting firm, announced Tuesday it has acquired Agbara Engineering, a power delivery engineering firm. The strategic acquisition enhances WSB’s ability to support the full lifecycle of energy infrastructure for clients. The deal brings more than 50 employees from Agbara into WSB. Combined, the firm now has nearly…
FloWorks International acquires Slater Controls LLC
ROSEMONT: FloWorks International LLC, a portfolio company of Wynnchurch Capital, L.P., today announced the acquisition of Slater Controls LLC. Slater Controls is a distributor of valve automation, instrumentation, and relief valves with four locations in Texas, New Mexico, and Arizona. The Company serves a diverse customer base across various process industries. This transaction marks the…
Graham Corporation has acquired Xdot Bearing Technologies
BATAVIA: Graham Corporation (NYSE: GHM) announced the acquisition of certain specified assets of Xdot Bearing Technologies, a specialized consulting, design and engineering firm focused on foil bearing technology. Graham Corporation is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the Defense, Energy & Process,…
DocGo Inc. has acquired virtual care platform SteadyMD, Inc.
NEW YORK: DocGo Inc. (Nasdaq: DCGO), a leading provider of technology-enabled mobile health and medical transportation services, has acquired virtual care platform SteadyMD, Inc. SteadyMD powers high-quality telehealth experiences for digital health companies, labs, pharmacies, employers, and other healthcare innovators. The company offers a 50-state virtual clinician workforce, clinical operations, and world-class technology that powers…
Supreme Plc acquired UK and European assets of SlimFast for £20.1 million
LONDON: Supreme Plc (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, announced the acquisition of the trade and selected UK and European assets of SlimFast, a market leader in meal replacement products, for a total cash consideration of £20.1 million (including £9.0 million of deferred consideration due in 15 months’…
Kering sells beauty division to L’Oréal for €4 billion
PARIS: French luxury conglomerate Kering has agreed to sell its beauty division to L’Oréal for €4 billion ($4.66 billion), marking a pivotal strategic shift under newly appointed CEO Luca de Meo. The deal includes the sale of high-end fragrance brand Creed and a 50-year exclusive licensing agreement for L’Oréal to develop beauty products under Kering’s…
Sirius to acquire defence anchored business park near Munich for €43.7 million
LONDON: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has notarised the acquisition of a business park in Feldkirchen, Germany, for €43.7 million (including acquisition costs). Located on the outskirts of Munich, Bavaria, the site has a…