LONDON; WPP plc (LSE/NYSE: WPP) has entered into an agreement to sell its entire majority stake in leading strategic communications and advisory firm, FGS Global, to Kite Bidco Inc., an entity controlled by investment funds managed or advised by Kohlberg Kravis Roberts & Co. L.P. (“KKR”). KKR first made a minority investment in the firm…
Mueller Industries acquires Elkhart Products Corporation
Mueller Industries Inc. (NYSE: MLI) has acquired Elkhart Products Corporation (EPC), a U.S. manufacturer of copper solder fittings, with two manufacturing locations in Elkhart, Indiana, and Fayetteville, Arkansas. Regarding the acquisition, Greg Christopher, Mueller’s CEO said, “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business,…
Thoughtworks to be taken private by Apax Funds for $4.4/share
LONDON: Thoughtworks, a portfolio company in the Apax IX Fund, in which Apax Global Alpha Limited (AGA) is a limited partner, has announced that it has entered into a definitive agreement to be taken private by Apax Funds for $4.40 per share, which implies a total enterprise value of $1.75bn for Thoughtworks. At the purchase price, the…
YouGov has acquired New Zealand based, Yabble
LONDON: YouGov Plc, the international research and data analytics group, announced the acquisition of Yabble, a New Zealand based company pioneering the use of generative AI to deliver audience insights. The acquisition will see YouGov acquire Yabble’s technology to power new and valuable insights for clients across the world, while also seeing YouGov’s data become the…
Cheniere Energy to buy 0.5 million tons of LNG from Galp Trading a year
Cheniere Energy Inc. (NYSE: LNG) through subsidiary Cheniere Marketing LLC, entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A. Under the agreement, Galp Trading has agreed to purchase approximately 0.5 million tonnes per annum (“mtpa”) of LNG for 20 years…
Woodside Energy to acquire OCI Clean Ammonia Holding for $2.35 billion
SYDNEY: Woodside Energy has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding B.V., and its lower carbon ammonia project in Beaumont, Texas (Project) for an all-cash consideration of approximately $2,350 million. The Project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026….
Mindflair plc makes additional investment in Sure Ventures plc
LONDON: Mindflair plc, the company that invests in next-generation technology focused on AI, announces that it has agreed to subscribe £300,000 for 315,790 new shares in Sure Ventures plc (“SV plc”) at a price of 95 pence per share. Prior to the Subscription, Mindflair held 1,501,000 ordinary shares in SV plc, representing a 20.5% shareholding…
DCB Sports signs intent to acquire Guild eSports
LONDON: DCB Sports LLC has signed a letter of intent pursuant to which DCB Sports will acquire 100% of the assets of Guild Esports (LSE:GILD) as well as assuming all disclosed liabilities of the Company There is no guarantee that the Transaction will complete, and Guild remains in discussions with other parties. DCB Sports will…
HgCapital Trust will invest £11.5 million in CTAIMA and e-coordina
LONDON: HgCapital Trust plc (HgT), announced an investment in CTAIMA and e-coordina, who join forces to create leading Iberian contractor management, risk and compliance software platform. HgT will invest approximately £11.5 million in CTAIMA and e-coordina, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund. Headquartered in Tarragona, Spain, CTAIMA was…
GreenX Metals to acquire copper project in Germany
LONDON: GreenX Metals Limited has entered into an rarn-in agreement through which GreenX can earn a 90% interest in Group 11 Exploration GmbH, a private German company which holds the Tannenberg exploration licence and is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits. GERMANY & EU MINING INDUSTRY· Germany has been a significant mining jurisdiction in…
TowerBrook Capital Partners and CD&R acquires R1 RCM Inc. for $8.9 billion
UTAH: R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions for healthcare providers, has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R), in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by…
Electric Guitar establishes joint venture with Exelia to build new AI-driven products
LONDON: Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company, will launch Marcomms.ai as a UK joint venture with Exelia Technologies Limited. Exelia Technologies is a Cyprus-based software development business with a specialised team of developers proficient in blockchain, machine learning, data processing and AI. Marcomms.ai is a 50:50 joint venture that combines…