LONDON: RTW Venture Fund Limited’s portfolio company Tarsus Pharmaceuticals Inc. has priced an $88 million initial public offering (IPO) and admission to trade on Nasdaq Global Market under the ticker “TARS”. Tarsus’ IPO was significantly upsized and oversubscribed, raising $88 million, offering 5.5 million shares at $16.00 per share. On the first day of trading,…
Abcam announces offering and application to list on Nasdaq Global Market
LONDON: Abcam plc announced today the commencement of a registered offering of 8,945,218 American Depositary Shares (ADSs). Each ADS offered represents one ordinary share of Abcam. The ADSs are being offered in a registered public offering in the United States. All ADSs to be sold in the Offering will be sold by Abcam. In addition,…
Oman’s Raysut Cement acquires 75% of LafargeHolcim’s terminal at Thilafushi Island
MUSCAT, OMAN: Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 percent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a new joint venture – Raysut Maldives Cement Pvt. Ltd. – has been formed. The new entity with State Trading Organization (STO) of Maldives owning…
Altice USA enhances offer to acquire Cogeco in order to own Atlantic Broadband
NEW YORK: Altice USA Inc. has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) to acquire 100% of the issued and outstanding shares of Cogeco. Altice USA has also revised its arrangement with the largest long-term shareholder of Cogeco, Rogers Communications Inc. to sell all the Canadian assets…
Caspian Sunrise announces completion of the acquisition of Caspian Explorer
LONDON: The Board of Caspian Sunrise announced the acquisition of the Caspian Explorer is completed as re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 percent interest in the Caspian Explorer, has been finalized. The Caspian…
WANdisco wins AWS contract with top three mobile operator
LONDON: WANdisco has won a contract worth approximately $450,000 with one of the world’s top three largest mobile operators by number of subscribers through the Amazon Web Services (AWS) Commercial Marketplace. This is an initial deal to manage and migrate petabyte scale data across a number of locations. The deal is WANdisco’s largest AWS Commercial…
JZ Capital Partners selling part of its US Microcap Portfolio to to repay substantial levels of debt
LONDON: JZ Capital Partners Limited, the London listed fund that invests in US and European microcap companies and US real estate, has agreed to sell its interests in certain US microcap portfolio companies to a secondary fund led by Hamilton Lane Advisors, L.L.C.. The Secondary Sale will be structured as a sale to a newly…
Home REIT Plc acquires portfolio of five properties for £9 million
LONDON: The Board of Home REIT plc, which funds the acquisition and creation of high-quality properties across the UK that are dedicated to providing accommodation to the homeless, has acquired a portfolio of five properties located across the North West, North East and Midlands regions of England. The Properties are recently completed and purpose-built to…
SDCL to acquire Swedish regulated gas distribution network for £100 million
LONDON, UK: SDCL Energy Efficiency Income Trust plc (SEEIT) has agreed to acquire a 100% interest in Värtan Gas Stockholm AB (VGSAB), the ultimate owner of the established, operational and regulated gas distribution network for Stockholm, Sweden, involving an equity investment of approximately £100 million. The VGSAB group owns and operates Stockholm’s regulated gas grid,…
Ceres and Doosan expand strategic collaboration, building mass manufacturing in Korea
HORSHAM: Ceres Power Holdings plc, Doosan Fuel Cell Co., and Doosan Corporation announced the signing of strategic collaboration and licence agreements. These include the building of an initial 50MW mass manufacturing facility for the manufacture under license of Ceres’ fuel cell stacks in South Korea. The value of the announced contract with Doosan Fuel Cell…
Judges Scientific acquires Korvus Technology Limited for £2.64 million
LONDON: Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, has acquired the entire issued share capital of Korvus Technology Limited, a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing. The initial consideration for Korvus is £2.64 million in cash. The consideration…
CloudCall announces integration with CEIPAL
LONDON: CloudCall, the integrated communications company that provides unified communications and contact centre software that tightly integrates with Customer Relationship Management (CRM) platforms, has a new integration with CEIPAL. Built on CloudCall’s ‘unify’ architecture, the integration brings together CloudCall’s communications platform with CEIPAL’s AI-Powered Recruitment Software for Staffing Firms & Corporate HR. It will allow…