PARIS: Through their innovative partnership, LanzaTech, Total and L’Oréal have premiered the world’s first sustainable packaging made from captured and recycled carbon emissions. The successful conversion process takes place in three steps: LanzaTech captures industrial carbon emissions and converts them into ethanol using a unique biological process. Total, thanks to an innovative dehydration process jointly…
Francisco Partners to acquire Forcepoint from Raytheon Technologies
SAN FRANCISCO: Francisco Partners, a global investment firm, has signed a definitive agreement to acquire Forcepoint, a cybersecurity solutions provider, from Raytheon Technologies. “We have followed Forcepoint for years and have a deep appreciation for its outstanding portfolio of innovative security products,” said Brian Decker, Partner at Francisco Partners. “Security is an increasingly important strategic…
Jernigan Capital’s shareholders approve acquisition by Nexpoint
NEW YORK: Jernigan Capital Inc. announced that its shareholders approved the acquisition of Jernigan by affiliates of NexPoint Advisors L.P. at its special meeting of stockholders. Shares representing approximately 77.67% of the Company outstanding stock voted at the special meeting, with approximately 97.65% of such shares voting FOR approval of the merger. As announced previously,…
Lion Equity completes acquisition of T-Y Group and Harbor Linen
DENVER: Lion Equity Holdings acquired T-Y Group and Harbor Linen from Bed Bath & Beyond Inc. TY-Harbor distributes quality linens, terry, amenities, case goods and apparel to world-class businesses in the global hospitality and healthcare industries. TY-Harbor will be merged with Lion Equity Partners’ existing portfolio company, Riegel Linen, a leading importer, manufacturer, and supplier…
Yellowstone Acquisition Company closes $125 million initial public offering
OMAHA: Yellowstone Acquisition Company announced the closing of its initial public offering (IPO) of 12.5 million units at a price of $10 per unit, resulting in gross proceeds of $125 million. The units began trading on the NASDAQ Stock Market LLC under the ticker symbol “YSACU” on October 22, 2020. Each unit issued in the…
American Express offer Uber Cash benefit for Gold members
NEW YORK: American Express and Uber announced an exclusive new offer for U.S. Consumer Platinum, Gold and Green Card Members and an Uber Cash benefit for Gold Card Members to bring their next at-home dining experience right to their doorstep and support the local restaurants in their communities. “Our Card Members crave food experiences and…
Steve Fludder appointed President and CEO of LS Energy Solutions
CHARLOTTE: LS Energy Solutions has appointed Steve Fludder as new President and CEO, a news release noted. Fludder is an accomplished power and energy veteran, who most recently served as CEO of NEC Energy Solutions and earlier held the post of Chief Marketing and Sales Officer of Samsung Engineering. Steve started his career at GE…
Permanent TSB Group sells Buy-To-Let loan portfolio to Citibank NA London
LONDON: Permanent TSB plc has agreed the sale of a portfolio of performing Buy-To-Let (BTL) originated loan accounts to Citibank NA London, a news release noted. Citibank NA London is a UK branch of Citibank NA (Citi), an entity incorporated in the U.S and regulated by the Office of the Comptroller of the Currency. Citi…
Tufton Oceanic Assets Limited acquires Handysize Bulk Carrier for $10.6 million
LONDON: The Board of Tufton Oceanic Assets Limited announced that the Company has acquired a Handysize Bulk Carrier for $10.6 million. This acquisition takes the Company’s fleet to nineteen vessels. The vessel has a fixed rate time charter for ten to thirteen months to a large maritime transport and logistics company. The yield during the…
Redx Pharma appoints leading oncology drug developer, Dr Jane Robertson, as Chief Medical Officer
ALDERLEY PARK: Redx Pharma plc has appointed Dr Jane Robertson as Chief Medical Officer, a news release noted. Jane is a well respected UK haemato-oncologist with over 17 years’ experience of clinical development in oncology and has a breadth of experience investigating multiple tumours and agents including VEGF inhibitors, anti-hormonals, PARP inhibitors, nucleotide analogs and…
John Laing completes first stage of the divestment of IEP East in a £204.3 million deal
LONDON: John Laing Group plc has completed the first stage of the transaction announced on 18 September 2020 to divest its 30% interest in Intercity Express Programme Phase 2 (IEP East), a news release said. This first stage, consisting of a sale of the Group’s 15% interest in IEP East, completed yesterday. Cash proceeds from…
easyJet confirms sale and leaseback of nine aircraft
LONDON: easyJet Plc confirmed the sale and leaseback of nine aircraft with two counterparties. The transactions generate total cash proceeds of $398.6 million (£305.7m). Following high levels of demand from the operating lease marketplace, easyJet has engaged with a number of operating lessors to raise further liquidity, which will be used to further strengthen easyJet’s…