Toronto, Canada: HSB Canada, a subsidiary of Munich Re, has announced the launch of its new Employment Practices Liability Insurance, designed to safeguard small businesses against the rising tide of employment-related claims. This innovative coverage arrives at a time when small enterprises face increasing threats from a rapidly evolving social and legal landscape. Terry Smith,…
Rexel to acquire Talley Inc, a US distributor of wireless infrastructure products and solutions
PARIS: Rexel has reached an agreement to acquire Talley Inc, a leading distributor of wireless infrastructure products and solutions in the United States, strongly reinforcing its exposure to the fast-growing data usage trends. Talley provides network infrastructure products to mobile network operators, network installers, infrastructure operators and end-users across the US. Established in 1983 by…
TotalEnergies and SINOPEC deepen ties with new energy pact
PARIS: In a significant move during the Chinese President’s state visit to France, energy giants TotalEnergies and SINOPEC have inked a strategic agreement to enhance collaboration in low-carbon energy sectors. The deal, signed by TotalEnergies’ CEO Patrick Pouyanné and SINOPEC’s Chairman Ma Yongsheng, marks a continuation of their longstanding partnership, which spans operations in Angola,…
Guild Esports joins the Esports World Cup Club Program
LONDON: Guild Esports PLC, a global gaming-focused media business, has joined the Esports World Cup Club Program (“EWC Club Program”), a scheme launched by the Esports World Cup Foundation (“EWC Foundation”) to incentivise leading esports organisations to expand their competitive presence at the Esports World Cup (“EWC”). The EWC is an annual esports tournament hosted…
Ashoka WhiteOak likely to acquire Asia Dragon Trust
LONDON: Ashoka WhiteOak Emerging Markets Trust plc (AWEM) has proposed a strategic transaction with Asia Dragon Trust plc, which has received in-principle support from a majority of Asia Dragon shareholders. The transaction aims to provide significant benefits for both sets of shareholders, including a cash exit option for up to 50% of Asia Dragon shares….
Schroders Capital invests more in Memo Therapeutics AG
LONDON: Schroders Capital Global Innovation Trust plc announced its follow-on investment in Memo Therapeutics AG, a late clinical-stage biotech company based in Switzerland. The Company invested CHF 0.5 million (£0.4 million) in Memo’s Series C extension financing round, which raised CHF 20 million (£17 million) and was co-led by new investors, Ysios Capital and Kurma…
AdvancedAdvT Limited has acquired Celaton for £5.0 million
COMPLETION OF ACQUISITION OF CELATON LONDON, UK: AdvancedAdvT Limited (AIM: ADVT), a leading provider of software solutions, has announced the acquisition of Celaton Ltd, an AI-driven intelligent process automation platform known for its inSTREAM technology, for a net cash consideration of £5.0 million. The strategic move is set to enhance AdvT’s offerings in business solutions,…
SDCL sells its UK onsite solar portfolio, UU Solar, to UK Power Networks for £90.8 million
LONDON: SDCL Energy Efficiency Income Trust plc has sold its UK onsite solar portfolio, UU Solar, to UK Power Networks Services Holdings Limited, the private networks business of UK Power Networks Group, for a consideration of £90.8 million. The agreed price represents a 4.5% premium to the Company’s 30 September 2023 valuation. The UU Solar…
Bushveld Minerals announces Vanchem asset sale for $40.6 million
LONDON: Bushveld Minerals Limited, a leading vanadium producer listed on AIM, has announced a strategic move to sell its Vanchem asset to Southern Point Resources Fund I S.A. LP (SPR) for up to $40.6 million. The deal includes an initial consideration of $20.6 million and a deferred payment of $15 to $20 million. This decision…
FIFCO USA invests $50M in the Genesee Brewery and Labatt USA
Rochester’s brewing industry, FIFCO USA, the parent company of Genesee Brewery and Labatt USA, has unveiled a $50 million investment plan spread over the next three years. This ambitious project aims to establish a state-of-the-art packaging facility and enhance innovation capabilities to meet the growing demand for Labatt Blue and Labatt Blue Light beers. The…
Deriva Energy Collaborating with Brookfield to deliver renewable power to Microsoft
Deriva Energy, under the Brookfield umbrella, is excited to be a key player in the landmark renewable energy framework agreement recently unveiled between Brookfield and Microsoft Corporation. This deal marks a commitment to supply Microsoft with over 10.5 gigawatts of clean energy globally. Deriva is set to contribute significantly to this endeavor, focusing on meeting…
Zanskar Geothermal & Minerals raises $30 million
Zanskar Geothermal & Minerals (Zanskar), a pioneer in geothermal exploration, has successfully secured $30 million in a funding round spearheaded by Obvious Ventures. This financial infusion, featuring contributions from both longstanding backers like Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, and new investor Clearvision Ventures, is set to…