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…
Trustpilot Group confirms intention to float on LSE
LONDON: Draper Esprit noted the announcement this morning from Trustpilot Group confirming its intention to undertake an initial public offering (IPO). Draper Esprit first invested in Trustpilot in 2013 and has since increased its holding through a combination of secondary acquisitions and participation in follow on rounds. The Company’s total investment to date has been…
Humayun Bashir elected Chairman of NCCPL
KARACHI: The Board National Clearing Company of Pakistan Limited (NCCPL) has re-elected Humayun Bashir as its Chairman from amongst the independent directors. NCCPL is an infrastructure institution of Pakistan’s capital market, acting as a central counterparty and the only licensed entity providing clearing and settlement services for trades and transactions executed at the securities exchange….
Olvi Plc acquires Piebalgas Alus, a microbrewery in Latvia
HELSINKI: Olvi plc’s Latvian subsidiary AS Cesu Alus is acquiring the entire stock of Piebalgas Alus, a widely known and appreciated microbrewery in the Vidzeme province of Latvia. The acquisition brings more strength to our product portfolio in premium craft beers and kvass in the retail and HoReCa markets. The Piebalga brewery was established in…
CEO Craig Jasienski leaves Wallenius Wilhelmsen ASA
OSLO: The Board of Wallenius Wilhelmsen ASA have in dialog with President and CEO Craig Jasienski agreed to end his employment with the company effective today, 8 March 2021. The Board extends its gratitude to Craig Jasienski for his efforts in various positions in the group over more than 30 years. The Board will initiate…
Total Quadran wins 50 MW projects in latest national solar tender
PARIS, FRANCE: Total SE through Total Quadran is awarded 50 megawatts (MW) of solar projects in the ninth round of the CRE 4 (French Energy Regulatory Commission) tender. Total thus confirms its position as number 1 in solar development in France with close to 400 MW, the largest volume awarded over the last 18 months….
NORBIT ASA acquires Norwegian IoT company StalkIT for NOK 24 million
TRONDHEIM: NORBIT ASA announced an agreement for acquisition of business and assets from the Norwegian IoT company StalkIT and associated companies. The transaction price is agreed to NOK 24 million and is expected to be financed by use of NORBIT´s available credit lines. “Through the acquisition we are broadening our product offering and strengthening our…
Mode Global appoints Jonathan Conway as Chief Technology Officer
LONDON: Mode Global Holdings announced the appointment of Jonathan Conway as Chief Technology Officer. Jonathan brings a combination of experience across fintech, payments, as well as Open Banking. He co-authored the payments and security sections of the UK Open Banking Specification which lays out an open standard that enables account-to-account (A2A) payments, and a safe…
DP World and CDPQ’s sign agreement with Maspion Group for a container port and industrial logistics park in East Java
DUBAI: DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ) signed a 35 year concession agreement to partner with Indonesia’s leading conglomerate Maspion Group to develop and operate an integrated container port and industrial & logistics park in Gresik (Java), Indonesia. The Java region is the key trading hub and generates…