SYDNEY: The SunRice Group has entered into an agreement to acquire 100% of SavourLife for A$20.3 million. SavourLife will be integrated into the SunRice Group’s CopRice business, in line with its strategic objective to further expand into the branded companion animal market. The acquisition will utilise CopRice’s existing manufacturing and nutrition capabilities, to help accelerate…
Accela acquires OpenCounter, a permitting and licensing interface provider
CALIFORNIA: Accela, the leading provider of cloud-based solutions for government, announced the acquisition of OpenCounter, a pioneer in streamlining permitting and licensing processes. This strategic move aims to deliver an intuitive, step-by-step guide for residents, businesses, and event organizers seeking licenses or permits from their city, county, or state. OpenCounter’s user-friendly interface simplifies the application…
Archrock Inc. acquire Total Operations and Production Services (TOPS) for $983 million
HOUSTON: Archrock Inc. (NYSE: AROC) has entered into a definitive agreement to acquire Total Operations and Production Services, LLC (TOPS) including approximately 580,000 horsepower of predominantly young electric motor drive compression assets, in a cash-and-stock transaction valued at $983 million. Total Operations and Production Services is a leading provider of contract gas compression services for…
NextDecade Corporation appoints Tarik Skeik as Chief Operating Officer
HOUSTON: NextDecade Corporation (NASDAQ: NEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver…
Accenture agrees to acquire Camelot Management Consultants in Germany
MANHEIM: Accenture (NYSE: ACN) has agreed to acquire Camelot Management Consultants, an international SAP-focused management and technology consulting firm from Germany, with specific strengths in supply chain, data and analytics. The acquisition will further enhance Accenture’s SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today’s business landscape…
Heeler Security Inc. secures $8.5 million in seed funding
Heeler Security Inc., a pioneering startup in the application security space, today announced the successful closing of an $8.5 million Seed Series funding round, led by Norwest Venture Partners with significant participation from Storm Ventures. “Application security requires a new approach that focuses on runtime visibility and that’s exactly what Heeler has done,” said David…
Krispy Kreme sells majority stake of Insomnia Cookies at an enterprise value of $350 million
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…