PARIS: Eurazeo, through its Mid-large buyout team and affiliates, has entered into exclusive negotiations to acquire a majority stake in Mapal, a leading provider of AI-powered operational management software for the food service and hospitality industries. The deal includes the participation of PSG Equity, which will retain a minority stake, and Mapal’s management team and employees….
Apax Funds announce €35m investment in CohnReznick
LONDON: Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €35m in CohnReznick LLP on a look-through basis. On 26 February 2025, the Apax XI Fund (“Apax XI”) announced it has agreed to invest in CohnReznick, one of the…
Science Group acquires shareholding in Ricardo Plc
LONDON: Science Group, the international science & technology consultancy and systems organisation, has acquired a material shareholding in Ricardo plc. At market close on 27 February 2025, Science Group owns approx. 5.26 million shares in Ricardo, equivalent to 8.46% of the voting rights. The Ricardo shares were acquired through open market purchases between 16 and…
Bekaert sells steel wire businesses in Costa Rica, Ecuador, Venezuela for $73 million
BRUSSELS: Bekaert has reached an agreement to sell its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG, the company announced today. The transaction values the entities at approximately $73 million and is expected to yield net proceeds of about $37 million for Bekaert. The deal is slated to close in…
Spark New Zealand completes sale of remaining stake in Connexa
AUCKLAND: Spark New Zealand has finalized the sale of its remaining 17% stake in Connexa, New Zealand’s leading mobile tower infrastructure business, to global investment group CDPQ for approximately $311 million. The transaction, which was contingent on regulatory approvals, has now been completed. The deal values Connexa consistently with previous New Zealand mobile tower EBITDAI…
Kingsrose Mining acquires Jakon Nickel-Copper-Cobalt Project in Finland
HELSINKI: Kingsrose Mining Limited (ASX: KRM) announced today that it has acquired the Jakon nickel-copper-cobalt project in Central Finland from Rio Tinto Exploration Finland Oy. The acquisition is part of Kingsrose’s strategic expansion under its Exploration Alliance with BHP in the region. The Jakon project spans 205 square kilometers, bringing Kingsrose’s total controlled area in…
Altech Batteries to acquire additional stakes in CERENERGY and Silumina Anodes
SUBIACO: Altech Batteries Limited (ASX: ATC) has announced a binding agreement to acquire additional stakes in the CERENERGY® and Silumina Anodes™ projects from Altech Advanced Materials AG (AAM). The deal, valued at approximately A$23.3 million, will see Altech increase its ownership to 75% in the CERENERGY® project and 100% in the Silumina Anodes™ project. Under…
Strategic investor acquires 11.6% stake in Equity Story
SYDNEY: Equity Story Group Ltd (ASX: EQS) announced on February 28, 2025, that Capital Haus Pty Ltd has acquired an 11.6% strategic stake in the company at 2.6 cents per share, matching the last traded price on the Australian Securities Exchange (ASX). Capital Haus, a wealth management firm with offices in Australia, Dubai, and Switzerland,…
Superloop completes Uecomm acquisition, expands fiber network
SYDNEY: Superloop Limited (ASX: SLC) announced the successful completion of its acquisition of Uecomm Pty Ltd (Uecomm) on December 9, 2024. This strategic move adds over 2,000 kilometers of high-capacity fiber assets to Superloop’s existing network. The acquisition includes 800 kilometers of owned duct infrastructure, providing connectivity to more than 1,900 buildings and approximately 50…
NAES & Gecko secure $100M deal to revolutionize American power grid with AI & Robotics
NAES, the largest independent power operator in the U.S., and Gecko Robotics have formed a strategic partnership to enhance the reliability and operational efficiency of American power production. The announcement follows President Trump’s declaration of a national energy emergency on January 20th. The initial multi-year agreement, valued at over $100 million, includes an option to…
Rhombus acquires Dashdive to optimize cloud costs
SAN FRANCISCO: Rhombus, a leader in cloud-managed physical security, announced the acquisition of Dashdive, a SaaS platform specializing in monitoring and analyzing multi-tenant cloud service costs. The move aims to optimize cloud expenses and deliver more cost-effective solutions for Rhombus’ diverse global customer base. Rhombus has used Dashdive’s technology to gain insights into its cloud costs on…
hVIVO acquires Cryo-Store limited for £3.2 million
LONDON: hVIVO plc, a leading early-stage Contract Research Organisation specializing in human challenge clinical trials, announced the acquisition of Cryo-Store Limited for up to £3.2 million. The deal includes £2.7 million funded from hVIVO’s existing cash resources and up to £0.5 million in equity, subject to certain terms. Founded in 1999, Cryo-Store provides off-site, temperature-controlled…