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…
National World has sold Press Computer Systems Limited to Naviga 1 UK
LONDON: National World (LSE: NWOR) announced that on 31 March 2024 it completed the sale of the entire business and assets of Press Computer Systems Limited, (PCS) an indirect wholly-owned subsidiary of the company, as a going concern, to Naviga 1 UK Limited, a wholly-owned subsidiary of Naviga Inc. The consideration for the disposal was…
Shoes For Crews seeks Chapter 11 protection to facilitate the sale
Shoes For Crews, LLC, a leader in slip-resistant footwear, has filed for Chapter 11 bankruptcy to conduct a sale transaction that promises business continuity and global market expansion. The filing, supported unanimously by its lenders and equity sponsor CCMP Capital Advisors, is part of a prearranged restructuring plan. The company aims to complete the sale…
MidOcean Energy secures Mitsubishi Corporation as strategic investor
MidOcean Energy, an LNG enterprise managed by EIG, has announced a strategic investment by Mitsubishi Corporation. This partnership aims to bolster MidOcean’s growth strategy, creating a diversified and integrated global LNG company. Mitsubishi Corporation brings over five decades of experience in the LNG sector to the table, with investments spanning 12 projects in eight countries….
Lincoln Electric acquires automation innovator, RedViking
To enhance its automation solutions, Lincoln Electric Holdings, Inc. (Nasdaq: LECO), a global leader in welding and cutting technologies, has announced the acquisition of RedViking, a renowned automation system integrator. This acquisition marks a significant expansion for Lincoln Electric, particularly in the aerospace and defense sectors. RedViking, based in Plymouth, Michigan, is at the forefront…