Global Loan Agency Services Limited (GLAS Group) has completed its first acquisition by taking over Pristine, a Paris-based leader in trust and asset management. The deal, initially agreed upon in August 2023, received the green light after meeting regulatory approvals and closing conditions, culminating in March 2024. Pristine, regulated by France’s Autorité des Marchés Financiers…
Triton completes formation of Assemblin Caverion Group
Triton Investment Advisers LLP has finalized the formation of the Assemblin Caverion Group. The process, completed on April 1, 2024, involved the successful merger of Assemblin Group AB and Caverion Corporation, two former portfolio companies. Crayfish BidCo Oy, under Triton’s indirect control, now holds a commanding 94.39% share in Caverion, excluding treasury shares. This strategic…
Moody’s affirms the long-term deposit and senior unsecured ratings of TBC Bank
LONDON: TBC Bank Group announced that on 28 March 2024, Moody’s Investors Service affirmed JSC TBC Bank’s Ba2 long-term local and foreign currency deposit ratings, as well as senior unsecured rating and revised the outlook from negative to stable. The stable outlook on the senior unsecured and long-term deposit ratings is reflective of the agency’s…
Informatica launches AI-powered cloud data management in Saudi Arabia
Informatica (NYSE: INFA) has announced the launch of its Intelligent Data Management Cloud™ (IDMC) in the Kingdom of Saudi Arabia. This strategic expansion includes the establishment of a new Point of Delivery (PoD) in Riyadh, marking a significant investment in the region’s cloud-first data management services. This initiative is a testament to Informatica’s support for…
Sparxell has raised $3.2 million to develop plant-based pigments
UK-based Sparxell has successfully raised $3.2 million in funding to advance the development and commercialization of sustainable plant-based pigments. These pigments aim to replace synthetic chemicals in various industries, including cosmetics, fashion, and packaging. The funding round saw contributions from the Circular Innovation Fund, supported by L’Oréal, and other notable investors such as SpaceX-backer Future…
Nyetimber Wines and Spirits to acquire The Lakes Distillery in £46.1 million deal
LONDON: Nyetimber Wines and Spirits Group Limited has proposed a cash offer to acquire The Lakes Distillery Company plc, valuing the latter’s share capital at approximately £46.1 million. Shareholders of The Lakes Distillery are to receive 116 pence per share, with the total enterprise value estimated at £71.0 million, accounting for The Lakes’ net financial…
Atari acquires Rollercoaster Tycoon 3 from Frontier Developments
PARIS, FRANCE: Atari, one of the world’s most iconic consumer brands and interactive entertainment producers, will become the publisher of Rollercoaster Tycoon 3 developed by Frontier Developments plc. Released in 2004, the title is available on PC, Mac, iOS and Nintendo Switch. Atari is now the sole publisher of all major titles within the Rollercoaster…
CTS EVENTIM acquires Vivendi’s festival and ticketing business in multimillion-euro deal
PARIS, FRANCE: CTS EVENTIM, a titan in ticketing services and live entertainment, has inked a put option agreement with cultural powerhouse Vivendi for the acquisition of its festival and international ticketing operations. The transaction, valued at €137 million in annual revenues, is poised to be finalized in the upcoming months following consultations with employee representative…
DSW Capital appoints Peter Fendall to the Board as Chief Operating Officer
LONDON: DSW Capital, a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, has today appointed Peter Fendall to the Board as Chief Operating Officer, a news release said. Peter Fendall joined DSW Capital in September 2021 to help facilitate the IPO and is currently the Business Development &…
Sunrise Resources announces sale of Nevada Diatomite claims to Dicalite Management
LONDON: Sunrise Resources plc has finalized the sale of 29 diatomite mining claims in Nevada’s Crow Springs area to Dicalite Management Group for $150,000, a news release noted. The initial payment of $75,000 has been completed, with the remainder due upon Dicalite’s submission of a mine plan to the Bureau of Land Management. The claims,…
BHP completes the $4.1 billion divestment of Daunia and Blackwater
LONDON: BHP and Mitsubishi Development Pty Ltd (MDP) have completed the divestment of the Blackwater and Daunia mines to Whitehaven Coal. Daunia and Blackwater were part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA. Whitehaven Coal has paid BMA US$2.0…
Agronomics’ Onego Bio raises €27 million in Series A financing led by NordicNinja VC
LONDON: Agronomics (LSE: ANIC) portfolio company Onego Bio Ltd has successfully raised €27 million in its Series A financing, led by NordicNinja VC, a Japanese-Nordic VC backing companies in climate and deep tech. In addition, Onego Bio secured a further €9.5 million in non-dilutive funding from Business Finland, a government organisation offering grant funding for…