BOSTON: Berkshire Partners, a Boston-based investment firm, announced it has jointly entered into an agreement with technology entrepreneur and CrossFit gym owner Eric Roza to acquire CrossFit. In the 20 years since its founding, CrossFit has grown from a garage gym in Santa Cruz, California, to become a leading global health and fitness brand, improving…
Pamela O’Rourke selected as a 2020 Most Admired CEO Honoree by Houston Business Journal
HOUSTON: Pamela Chambers O’Rourke, Founder and CEO of ICON Information Consultants, LP, has been named as a 2020 Most Admired CEO Honoree, an award which honors outstanding and admirable Houston-area CEOs. Judges scored each candidate based on his or her contribution to company success, civic involvement, career achievement and more. The judges selected 31 for-profit…
sPower closes on $700 million construction financing for 620 MW Spotsylvania Solar Energy Center
SALT LAKE CITY: sPower, a leading renewable energy Independent Power Producer (IPP), announced that the company closed on $700+ million construction/term loan financing for Spotsylvania Solar Energy Center in Spotsylvania County, Virginia. At 620 MW DC, this is the largest solar project east of the Rockies. The project is currently under construction, with phases coming…
Georgia Global Utilities issues $250 million green bonds
LONDON: Georgia Capital PLC announced that the holding company of the Group’s water utility business and the operational renewable energy assets (JSC Georgia Global Utilities or “GGU”) has successfully priced an inaugural US$ 250 million green bond offering on 23 July 2020. The Regulation S/Rule 144A senior unsecured US$-denominated 7.75% green notes, with a 5-year…
Magnit will acquire the leasehold rights for Evroros stores in Murmansk
KRASNODAR: Magnit PJSC, one of Russia’s leading retailers, announced that it has reached an agreement to acquire long-term leasehold rights for the 89 stores currently operating under Evroros, Yablochko, and Tvoy brands in Murmansk and Murmansk region. Fifty-five stores are located in Murmansk, with the remaining ones spread across 11 cities of Murmansk region, including…
FE Investments appoints liquidators to wholly owned New Zealand subsidiary
PERTH: FE Investments Group Limited has appointed Rhys Cain and Rees Logan of Ernest and Young (EY) as liquidators of its wholly owned New Zealand subsidiary, FE Investments Limited (FEIL). Cain and Logan have been appointed to protect the interests of creditors of FEIL and amongst their other duties, to undertake any statutory investigations that…
REPAY acquires AP automation provider cPayPlus for $16 million
ATLANTA: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of cPayPlus LLC for up to $16.0 million, of which $8.0 million was paid at closing. The remaining $8.0 million may become payable in the third quarter of 2021, dependent upon the achievement of certain growth targets. The closing of the…
Health Discovery files infringement suit against Intel Corporation
ATLANTA: Health Discovery Corporation, an intellectual property development company with an intellectual property portfolio using patent protected advanced mathematical techniques, announced that it has filed an infringement lawsuit against Intel Corporation. This infringement suit pertains to Health Discovery’s Support Vector Machine-Recursive Feature Elimination methods (SVM-RFE) patents. On February 27, 2019, the United States Patent and…
Lineage Logistics signs definitive agreement to acquire Ontario Refrigerated Services
NOVI: Lineage Logistics LLC, the world’s largest and most innovative provider of temperature-controlled logistics solutions, announced it has signed a definitive agreement to acquire Ontario Refrigerated Services Inc. (ORS), a leading family-operated cold storage company offering temperature-controlled space in the Greater Toronto market, marking Lineage’s entrance into the Canadian market. Established in 2003 by Founder…
Sierra Wireless to sell its China based product line for US$165 million
VANCOUVER: Sierra Wireless, the leading IoT solutions provider, announced a definitive agreement to divest its Shenzhen, China-based automotive embedded module product line for US$165 million in cash. The purchaser, Rolling Wireless (H.K.) Limited, is a consortium led by Fibocom Wireless Inc. of Shenzhen (Shenzhen Stock Exchange Code 300638). “This divestiture enables Sierra Wireless to strengthen…
IAG and American Express extend global partnership
LONDON: International Airlines Group (IAG) announces that it has signed a multi-year renewal extending its worldwide commercial partnership with American Express. Under the agreements American Express will make a payment to IAG Loyalty of approximately £750 million, a significant part of which is a pre-purchase of Avios points that American Express will utilise in the…
Provident Financial appoints David Shrimpton as MD of car finance division, Moneybarn
LONDON: Provident Financial plc announced the appointment of David Shrimpton as Managing Director of Moneybarn, its car finance division, subject to regulatory approval. He has been acting Managing Director of Moneybarn since March 2020, following Shamus Hodgson’s departure. David Shrimpton has excellent banking and consumer finance experience, in both customer service and operational roles. He…