LONDON: International Biotechnology Trust PLC announced Wednesday it has entered into an agreement with Schroders Capital to establish a partnership aimed at investing in unquoted biotechnology companies. The new partnership is designed to provide the Company’s shareholders with long-term access to a diversified portfolio of earlier-stage, private biotechnology firms. The Company intends to make an…
Prosus declares Just Eat Takeaway.com offer unconditional, clearing path to acquisition
AMSTERDAM: Prosus N.V. announced Thursday that its public offer for Just Eat Takeaway.com (JET) has been declared unconditional, paving the way for the transaction to close successfully. The move follows the tendering or irrevocable commitment of approximately 90.13% of JET’s issued and outstanding share capital. With all offer conditions satisfied, settlement is scheduled for Oct….
Pennon Group appoints Keith Haslett as new Group Chief Executive
LONDON: Pennon Group today announces the appointment of Keith Haslett as Chief Executive Officer and Executive Director. Keith has been the CEO of Affinity Water since January 2023 and is currently expected to join Pennon during 2026, following his notice period. During his tenure at Affinity, Keith has delivered significant improvements in business performance and…
Vault Ventures Plc has sold all of its Solana (SOL) holdings
LONDON: Vault Ventures Plc (AQSE: VULT), a London based technology developer focused on AI, blockchain and fintech innovation, has sold all of its Solana (SOL) holdings and realised a profit of approximately £96,000 ($130,000). Following the disposal the Company only holds Ethereum (“ETH”) in its treasury. The proceeds from the Disposal of SOL will be…
LiveWest Homes Limited and Bromford Flagship Limited mull business combination
LONDON: LiveWest Homes Limited and Bromford Flagship Limited in talks to form a combined business focused on sustainable growth and investing in homes, services and communities LiveWest Homes Limited (LiveWest) and Bromford Flagship Limited (Bromford Flagship) have agreed to enter into formal discussions with a view to creating a combined business. If the outcome results…
Stefanini Group announces merger with Cyber Smart Defense of Romania
SOUTHFIELD: Stefanini Group, a $1 billion global technology company specializing in digital solutions, announced today the initiation of its merger with Cyber Smart Defense, a Romanian cybersecurity company, which will enable Stefanini to strengthen its cybersecurity capabilities in Europe. Effective today, Stefanini Group will acquire 100% of Cyber Smart Defense’s Romanian operations, solidifying a partnership…
Theatre Capital acquires AllPaid Inc; Appoints Geoff Knapp as CEO
INDIANAPOLIS: Theatre Capital has acquired AllPaid Inc., a leading provider of secure digital payment solutions for government agencies and municipalities across the United States. The acquisition marks a strategic move by Theatre Capital to expand its portfolio of transformative technology investments. Founded in 1999 and headquartered in Indianapolis, AllPaid enables citizens to make secure payments…
Chimera Investment Corporation has acquired HomeXpress Mortgage Corp. for $239.5 million
NEW YORK: Chimera Investment Corporation (NYSE: CIM) has completed the acquisition of HomeXpress Mortgage Corp. from certain affiliates of Seer Capital Management’s credit fund business and management sellers. HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as an originator of Agency mortgage loans with…
Builders FirstSource expands in Las Vegas with acquisitions of Builder’s Door and Trim and Rystin Construction
IRVING: Builders FirstSource, Inc. (NYSE: BLDR) announced Thursday it has acquired Builder’s Door & Trim and Rystin Construction, two turnkey millwork providers based in the Las Vegas area. The acquisitions mark the company’s first millwork operations in the region and are part of a broader strategy to expand value-added offerings in high-growth markets. The two…
Legrand acquires Avtron Power Solutions in $1.125 billion deal to expand datacenter energy portfolio
PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion. The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters, microgrids…
Avalanche Treasury Co. (AVAT) announces $675 million Nasdaq merger to become leading public AVAX vehicle
NEW YORK: Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. The transaction includes approximately $460 million in treasury assets and is designed to create a leading…
Irish Biotech Aerska raises $21 million to advance RNA therapies for brain diseases
DUBLIN: Irish biotechnology start-up Aerska has secured $21 million (€18 million) in seed funding to accelerate the development of RNA-based therapies targeting degenerative neurological diseases such as Alzheimer’s and Parkinson’s. The funding round was co-led by venture firms Backed VC and Age1, with additional support from Blueyard, Lingotto, Kerna Ventures, Norrsken, and Speedinvest. The investment…