NEW YORK: Macy’s Inc. announced the closing on approximately $4.5 billion of new financing, including its previously announced $1.3 billion of 8.375% senior secured notes, as well as a new $3.15 billion asset-based credit agreement. In addition, the company has amended and substantially reduced the credit commitments of its existing $1.5 billion unsecured credit agreement….
Gemspring’s Therma Holdings acquires Gilbert LLC
SAN JOSE: Therma Holdings, a portfolio company of Gemspring Capital, has acquired Minneapolis, Minnesota-based Gilbert LLC. Therma Holdings is a leading mechanical, electrical, plumbing and controls services company focused on designing, building, and servicing complex systems in mission-critical facilities. Gilbert is Therma’s fourth acquisition since partnering with Gemspring Capital. Gilbert, founded in 1978, is a…
Love Hemp appoints Dr. Sepe Sehati as Chief Scientific & Regulatory Advisor
LONDON: World High Life’s wholly owned subsidiary, London-based CBD brand, Love Hemp Limited, has appointed Dr. Sepe Sehati as Chief Scientific & Regulatory Advisor. Dr. Sehati is a healthcare innovator and a Fellow of the Royal Society of Medicine. A passionate advocate and practitioner of both critical thinking and tactical cross-pollination of disciplines, Sepe holds…
Realla launches CoTour to conduct real-time virtual tours
LONDON: Realla – a leading commercial property digital marketplace in the UK –launched CoTour, an online co-browsing tool to conduct real-time virtual tours. CoTour permits key decision makers – agents, owners, tenants, and investors – to meet and tour properties in real time, enabling business to be conducted virtually. The tool supports up to 20…
Lattice Biologics coverts debt into equity
BELGRADE: Lattice Biologics Ltd. has obtained TSX-V approval to issue 16.76 million common shares of the company to settle outstanding debt. Can$838,000 in debt held by Guy Cook has been converted to equity at a price of Can$0.05 per share and the debt has been extinguished. The common shares are subject to a four-month hold…
City of London Investment Group agrees to all share merger with Karpus Management Inc.
LONDON: City of London Investment Group (CLIG) has entered into a merger agreement to acquire the entire issued share capital of Karpus Management Inc. (KMI), a US-based investment management business, on a debt free basis, to be satisfied through the issue of up to 24,118,400 new shares in the capital of the Company which, based…
Bahamas Petroleum Company awarded the AREA OFF-1 petroleum licence offshore Uruguay
LONDON: Bahamas Petroleum Company (BPC) has been chosen as the successful applicant for the award of an exploration licence offshore Uruguay by the Uruguayan national regulatory agency, ANCAP. This follows a period in which BPC’s technical and operational credentials were first evaluated by ANCAP and BPC was approved as a qualified offshore operator, and thereafter…
RWS Holdings acquires Iconic Translation Machines and Webdunia.com (India) Private Limited
LONDON: RWS Holdings plc announced the acquisitions of Iconic Translation Machines Ltd for an initial consideration of US$10.0 million with additional deferred consideration of up to US$10.0 million in RWS shares, subject to future performance and Webdunia.com (India) Private Limited for a total cash consideration of US$21.0 million. Based in Dublin, Ireland, Iconic Translation Machines…
AMP German Cannabis Group to develop medical cannabis brands for the German market
BERLIN: AMP German Cannabis Group is developing medical brands for a range of cannabis flower strains, extracts and other novel dosage forms specifically for the German market supplied by foreign licenced medical cannabis producers. Licensed producers that have been EU-GMP certified will cultivate medical cannabis to AMP’s brand specifications and quality standards. First large imports…
VPN Technologies signs LOI to acquire revenue generating Virtual Private Networks
VANCOUVER: VPN Technologies Inc. has signed a Letter of Intent (LOI) to acquire two operating VPN companies; TUNNELLO SAS and PELGO SYSTEMS SAS, both with official corporate offices in France. The target companies have serviced over one million users and include both Android apps and a chrome extension for fast, secure 4096-bit military grade encryption….
GlobeX Data prepares launch of Swiss hosted PrivaTalk Messenger to counter WhatsApp privacy breaches
TORONTO: GlobeX Data Ltd., the leader in Swiss hosted cyber security and Internet privacy solutions, is in the final stages of its PrivaTalk Messenger launch, the Company’s Swiss hosted encrypted and private instant messaging application for all devices on web and mobile devices. In light of what has been happening recently with all the data…
Veidekke to build Stockholm’s first massive-wood residential block for Folkhem
OSLO: Veidekke’s Swedish building construction unit has been commissioned by Folkhem to build the first stage of Cederhusen, which will be Sweden’s largest massive-wood residential block. Folkhem is partially owned by Veidekke Eiendom. “Cederhusen has met with great interest in the residential market, confirming the uniqueness of this project in both a national and an…