Cepton Inc. (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, has signed a definitive agreement under which KOITO manufacturing co., ltd., a leading automotive tier one supplier, will acquire all of the outstanding capital stock of Cepton not owned by Koito for $3.17 per share in an all-cash transaction. Cepton…
Vicki Sloane appointed CEO of Oxygen Finance
LONDON: TruFin Plc announced that Vicki Sloane has today been appointed CEO of Oxygen Finance. Vicki was previously Oxygen’s Chief Client Officer (“CCO”), having held various roles since joining the organisation in 2012. As CCO she ran the Early Payment division, Oxygen’s largest revenue stream, growing the division by 26% during 2023 and by 29%…
AD1 Holdings to acquire Oliver Grace Pty Ltd for $2.0 million
Melbourne, Australia: AD1 Holdings (ASX:AD1) has entered into a conditional binding Share Purchase Agreement (SPA) to acquire 100% of the issued shares in Oliver Grace Pty Ltd. The consideration is $2.0 million. Todd Perkinson, Chief Executive Officer, said: “This is a significant period for the AD1 group and we are excited to consolidate such a…
Casey’s agrees to acquire Fikes, owner of CEFCO Convenience Stores, for $1.145 billion
IOWA: Casey’s General Stores Inc. (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced an agreement to acquire Fikes Wholesale Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price…
Pelican Energy Partners acquires MillenniTek LLC
HOUSTON: Pelican Energy Partners announced the acquisition of MillenniTek, LLC. Headquartered in Knoxville, Tennessee, MillenniTek is a premier developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Since its inception in 2010 as a carve-out of Dyson Group PLC, the Company’s management team has successfully introduced new ceramic product lines and doubled overall…
Cowbell, a provider of cyber insurance, closes $60 million Series C equity investment
CALIFORNIA: Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence in key international markets, bolster…
MNT-Halan has acquired Turkish-finance company Tam Finans
CAIRO: MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market…
NatWest Group acquires Metro Bank’s £2.5 portfolio of UK residential mortgages
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in…
Knights Group has agreed to acquire Thursfields Solicitors for £12.5m
LONDON: Knights Group has agreed to acquire Thursfields Legal Limited (Thursfields Solicitors”), a premium, full service legal services business with offices across the West Midlands. Under the terms of the acquisition, Knights will acquire Thursfields Legal Limited from its ten shareholders on a debt free, cash free basis, for a total consideration of c.£12.5m. This comprises…
Software Circle has acquired Link Maker Systems for £4.5m
LONDON: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of Link Maker Systems Limited. Link Maker’s adoption platform joins-up children’s social care across the UK to increase placement choice for children, and to improve use of data and collaboration between local authorities and adoption agencies. The total consideration of £4.5m will…
Wiseway Group agrees to acquire US-based KWT International Inc.
Wiseway Group Limited (ASX: WWG), one of Australia’s leading integrated freight and logistics operators, has reached agreement to acquire KWT International Inc., a US-based logistics company with locations in Los Angeles and New York. SYDNEY: Wiseway Group Limited (ASX: WWG), one of Australia’s leading integrated freight and logistics operators, has reached agreement to acquire KWT…
Lord Resources appoints Andrew Taylor as Chief Executive Officer
SYDNEY: Lord Resources Limited (ASX: LRD) announced the appointment of Mr. Andrew Taylor as Chief Executive Officer, effective 1 August 2024. A geologist with more than 15 years’ experience, Mr. Taylor was the geological consultant to the vendors of the Bellevue Gold Project and a facilitator of the transaction into Draig Resources Limited (now ASX…