Krispy Kreme Inc. (NASDAQ: DNUT) today announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The transaction represents a $350 million total enterprise value, which has doubled since Krispy Kreme’s 2018 acquisition. “As we build a bigger and better Krispy Kreme, this transaction allows us to focus…
Vodafone sells further 10% in Vantage Towers for €1.3bn
LONDON: Vodafone Group Plc announced the sale of a further 10% stake in Oak Holdings GmbH, the partnership that co-controls Vantage Towers, for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership…
Gavin Isaacs appointed CEO of Entain Plc
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, announced that Gavin Isaacs has been appointed as Chief Executive Officer (“CEO”), effective from 2 September 2024. Gavin Isaacs has over 25 years of experience across the global sports betting, gaming and lottery industries. His broad leadership experience has been built through previous roles within companies including…
Hammerson Plc sells Value Retail Group to L Catterton for £600 million
LONDON: Hammerson Plc has entered into a binding agreement for the disposal of its entire interest in Value Retail to Silver Bidco, a newly-formed company incorporated in Jersey and established by certain affiliates of L Catterton. The transaction implies an enterprise value of £1.5bn, generating cash proceeds of c.£600 million for Hammerson. Rita-Rose Gagné, CEO, Hammerson plc,…
Stonepeak to acquire Arvida Group in a $1.25 billion deal
AUCKLAND: Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has entered into a definitive agreement to acquire all outstanding common shares of Arvida Group Limited (NZX: ARV), one of New Zealand’s largest retirement and aged care providers, for US$1.03 (NZ$1.70) per share in an all-cash transaction valued at approximately US$1.25 billion (NZ$2…
Nscale AI cloud platform has acquired Kontena
LONDON: Nscale, a fully vertically integrated AI cloud platform, announced the acquisition of Kontena, a leader in high-density modular data centres and AI Data Centre solutions. This acquisition marks a significant step forward in Nscale’s mission to provide the infrastructure backbone to the growing generative AI market through cost-effective, high-performance solutions that unlock AI’s full…
Caprice Resources Limited appointments Luke Cox as Chief Executive Officer
SYDNEY: Caprice Resources Limited (ASX: CRS) announced the appointment of Luke Cox as Chief Executive Officer of the Company, effective immediately. Luke Cox is a geologist with over 25 years mining industry experience and a demonstrable track record growing exploration and mining companies. He was most recently Chief Executive Officer for Green Technology Metals (ASX:…
Woodside Energy to Tellurian Inc along with Driftwood LNG for $900 million
SYDNEY: Woodside Energy has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian (NYSE: TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity. The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00per share of outstanding Tellurian common stock. The…
Fundamental Concepts of Cultural Resource Management
Cultural resources may be cherished for their beauty or utility or a host of other reasons. But it is the ability to connect one generation to another that gives them their most valued attribute: an inherent capacity to mold and reinforce our identities as social creatures. Of course, the shaping and guiding of human lives…
E2M Solutions has acquired UnlimitedWP, a white-label WordPress development company
SAN DIEGO: E2M Solutions, a leading white-label partner for digital agencies, has acquired UnlimitedWP, a premier white-label WordPress development company. This acquisition positions E2M as the world’s largest white-label WordPress development provider, enhancing services for both companies’ clients. This acquisition is a significant milestone for E2M and UnlimitedWP. E2M will integrate UnlimitedWP’s team of 80+…
CTA Smart raises $3 million growth funding in the latest round
MIAMI: CTA Smart, a leading technology company in the fuel sector, has secured a US$ 3 million investment in a new funding round to boost its international growth. Led by Invisto and Indicator Capital, this investment will support CTA Smart’s expansion into the American market and lay the groundwork for global outreach. Investment Details Indicator…
FRP Advisory Group buys Lexington Corporate Finance for £3.5 million
LONDON: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of Lexington Corporate Finance for a consideration of £3 million plus an additional amount for the net assets acquired on completion of approximately £0.5 million. The total consideration for the acquisition is split between cash of approximately £2.2 million and…