Vista, the global leader in private aviation, announced Monday that it has signed a definitive agreement for a $600 million equity investment from a consortium of investors led by Asian investment firm RRJ Capital. This strategic funding marks another milestone in Vista’s growth journey and reinforces confidence in its business model and long-term vision. The investment will…
Japan’s Taiho Pharmaceutical to acquire Swiss Biotech Araris for $1.14 billion
Swiss oncology biotech firm Araris Biotech AG has entered into an acquisition agreement with Taiho Pharmaceutical Co., Ltd, marking a significant milestone for the advanced therapies industry, 4BIO Capital announced Monday. The Japanese company will pay $400 million upfront, with additional milestone payments potentially bringing the total to $1.14 billion. The acquisition is set to close in…
Bureau Veritas announces the acquisition of GeoAssay
Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), announces the acquisition of GeoAssay. This transaction cements Bureau Veritas’ position as the Metals & Minerals market leader in Chile, the world’s largest copper producer. Bureau Veritas’ Metals & Minerals operations aim to support our clients throughout the entire mining cycle, from mine to port….
Forever 21 files for bankruptcy again
LOS ANGELES: Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday, marking its second bankruptcy filing in six years as the company struggles with declining mall traffic and fierce competition from online retailers. The U.S. operating company, which operates approximately 350 stores nationwide, said it was unable to find a buyer and will likely liquidate…
Beeks Financial Cloud Group partners with Kraken
LONDON: Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is delighted to announce that it has signed a significant new Exchange Cloud contract with Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, based in San Francisco. With Exchange Cloud already delivering results in the Tier…
Foresight proposes to acquire Harmony Energy Income Trust for £190.8 million
LONDON: Harmony Energy Income Trust plc (HEIT) announced Monday that its board has agreed in principle to financial terms proposed by Foresight Group LLP for a potential acquisition of HEIT’s entire share capital. Under the proposed agreement, HEIT shareholders would receive 84 pence per share in cash, valuing the company’s ordinary share capital at £190.8 million. The…
AstraZeneca signs definitive agreement to acquire EsoBiotec for $1 billion
LONDON: AstraZeneca has entered into a definitive agreement to acquire EsoBiotec, a biotechnology company pioneering in vivo cell therapies that has demonstrated promising early clinical activity. The EsoBiotec Engineered NanoBody Lentiviral (ENaBL) platform empowers the immune system to attack cancers and could offer many more patients access to transformative cell therapy treatments delivered in just minutes rather…
archTIS enhances security capabilities with Direktiv acquisition
SYDNEY: archTIS Limited (ASX:AR9) announced the acquisition of Direktiv’s technology assets, workforce, and customer base. The acquisition is valued at $750,000, to be paid in three installments over 12 months. This integration will enable archTIS to incorporate Direktiv’s attribute-based access control (ABAC) technology, enhancing its zero trust security frameworks. The technology aims to secure sensitive…
DigiCo REIT targets strategic capital partnerships and expansion pipeline
SYDNEY: DigiCo Infrastructure REIT (ASX: DGT), a diversified owner, operator, and developer of data centres, is exploring opportunities to accelerate growth through capital partnerships. The company aims to introduce capital partners to its U.S. operations and Australian colocation assets, targeting leveraged project IRRs of 8-12% and 15-30%, respectively. This strategy is expected to provide additional funding…
Understanding the Private Law Aspects of Token-Based Central Bank Digital Currencies
Central Bank Digital Currencies (CBDCs) are gaining significant attention worldwide, with many central banks exploring their potential. As of late 2023, 94% of 86 surveyed central banks are actively researching CBDCs, and three countries—The Bahamas, Nigeria, and Jamaica—have already issued their own CBDCs. However, the legal foundations of CBDCs, particularly under private law, are often…
China Eastern Airlines new route between Shanghai and Abu Dhabi to start next month
China Eastern Airlines (CEA) just announced the launch of a new direct route between Shanghai Pudong and Abu Dhabi. The service, set to commence on April 28, will make CEA the first Chinese airline to connect the two cities. The flights will be operated under a joint partnership with Etihad Airways. The new route, designated as…
bd-capital closes second fund at €430 million, surpassing target
LONDON: bd-capital, the pan-European, operator-led investment firm, has announced the final closing of its second fund, bd-capital Fund 2 (“Fund 2”), at €430 million. The fund exceeded its target of €350 million by more than 20% after less than twelve months in the market. With the closing of Fund 2, bd-capital’s assets under management now total…