LONDON: Private equity firm Permira has agreed to acquire fund administration group JTC Plc (JTC.L) through its newly formed vehicle Papilio Bidco Ltd in a recommended cash deal valuing the company at approximately £2.3 billion ($2.8 billion). Under the terms of the offer, JTC shareholders will receive 1,340 pence per share in cash, representing a…
AGL Energy sells 19.9% stake in Tilt Renewables to QIC-led group for A$750 million
SYDNEY: AGL Energy Ltd (AGL.AX) said on Monday it will divest 19.9% of its 20% equity stake in Tilt Renewables to a consortium led by Queensland Investment Corporation (QIC) and the Future Fund for A$750 million ($480 million), in a move to recycle capital and support future growth. The transaction, expected to close by the…
Seafarms acquires Project Sea Dragon to revive prawn farming expansion
SYDNEY: Seafarms Group Ltd (ASX: SFG) said on Monday it has signed a conditional asset sale agreement to acquire the assets of Project Sea Dragon Pty Ltd (in liquidation), marking a strategic step toward expanding its prawn farming operations in northern Australia. The A$750,000 deal, executed through wholly owned subsidiary Sea Dragon Shrimp Pty Ltd,…
Stealth Group acquires Hardware & Building Traders in A$22 million deal; Upgrades FY28 guidance
SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…
Paystand acquires Bitwage to embed stablecoins into $100-trillion B2B economy
SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance. The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain traction…
Stewart to acquire Mortgage Contracting Services’ business for $330 million
HOUSTON – Stewart Information Services Corp (STC.N) said on Tuesday its subsidiary, SISCO Holdings, LLC, has agreed to acquire the mortgage services division of Mortgage Contracting Services (MCS) for $330 million in cash. The deal will allow Stewart, a title insurance and real estate services company, to expand its offerings to mortgage lenders and servicers by…
Biotech firm Evommune raises $150 million in initial public offering
LONDON: RTW Biotech Opportunities Ltd., a London-listed investment company, announced Wednesday that its portfolio company, Evommune Inc., has completed a $150 million initial public offering on the New York Stock Exchange. The clinical-stage biotechnology company, which is developing therapies for chronic inflammatory diseases, priced its IPO at $16 per share, selling 9.4 million shares. Evommune…
Archer Aviation acquires Hawthorne Airport for LA air taxi network
LOS ANGELES — Archer Aviation Inc. (NYSE: ACHR) on Thursday reported third-quarter results and unveiled a series of strategic moves aimed at accelerating its advanced air mobility ambitions, including the acquisition of Hawthorne Airport for LA air taxi network and a $650 million equity raise. CEO Adam Goldstein said the company is “not waiting for…
Universal Display Corporation to acquire OLED patent portfolio from Merck KGaA
EWING — Universal Display Corporation (Nasdaq: OLED) announced Thursday that it has entered into a definitive agreement to acquire a portfolio of OLED patent assets from Merck KGaA, Darmstadt, Germany, in a move aimed at expanding its intellectual property footprint in high-efficiency emissive device structures. The portfolio includes more than 300 issued and pending patents…
Metro Communications agrees to acquire Southern Illinois assets of Clearwave Fiber
SULLIVAN – MCC Network Services LLC (Metro Communications), a leading regional provider of fiber optic network, announced a definitive agreement to acquire the Southern Illinois assets of Clearwave Fiber, LLC. The deal includes Clearwave’s Southern Illinois fiber network and related backhaul agreements from CableOne, Inc. Constructed over 15 years, Clearwave’s network supports backhaul, public safety,…
HgCapital Trust reports NAV growth amid strong portfolio performance in Q3
LONDON: HgCapital Trust plc reported a rise in its net asset value for the quarter ended Sept. 30, 2025, driven by robust trading within its portfolio of unquoted European technology firms, the company announced Thursday. The trust, which offers a listed vehicle for investing in companies managed by private equity firm Hg, saw its NAV per…
ArcelorMittal reports $1.5 billion EBITDA in third quarter amid market challenges
LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted basis,…