LONDON: Schroder British Opportunities Trust plc (SBO) announced the SoftBank Group Corp. has acquired its holding in the British semiconductor company, Graphcore. SBO originally backed Graphcore in late 2020. SBO will receive back its original capital investment in the company, less some expenses. SBO had been valuing its holding in Graphcore at a lower value,…
Origin Specialty has acquired Agricultural Insurance Management Services
Origin Specialty Underwriters Agency LLC announced the acquisition of Agricultural Insurance Management Services LLC (AIMS), an agribusiness insurance-focused MGU. Origin Specialty is partner company of Beyond Risk. This acquisition supports the Beyond Risk mission to partner with exceptional teams and markets to offer our clients diverse program underwriting and alternative risk financing solutions. Industry veteran…
DCC Energy sells stake in Hong Kong & Macau liquid gas business for $150 million
LONDON: DCC plc, the leading international sales, marketing and support services group, announced the DCC Energy has completed the sale of a majority stake in its liquid gas business in Hong Kong & Macau to CITADEL Pacific Ltd (CPL). CPL is an Asian industrial group with an existing and complementary business in the region. The…
CPP Investments to acquire partial stakes in team.blue
Hg, the Manager of HgCapital Trust plc (HgT) has agreed the partial sale of its investment in team.blue to Canada Pension Plan Investment Board (“CPP Investments”)
Impax Asset Management to acquire European assets of SKY Harbor Capital Management
Impax Asset Management Group has entered into an agreement to acquire the European assets of SKY Harbor Capital Management LLC, a fixed income manager.
Travis Perkins appoints Pete Redfern as new Chief Executive Officer
Travis Perkins plc announced Pete Redfern has been appointed as a Director of the Company and Chief Executive Officer (CEO) with effect from 16 September 2024. Pete succeeds Nick Roberts,
Personal Group sells Lets Connect IT Solutions for £2.0 million
Personal Group announced the disposal of technology salary sacrifice division, Lets Connect IT Solutions to The Perkbox Vivup Group
TotalEnergies joins the Ruwais LNG project with 10% interest
TotalEnergies (LSE:TTE) joins, with a 10% interest, the Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp (10%) and Mitsui (10%).
Skild AI raises $300 million Series A to build a scalable AI foundation model
Skild AI, an AI robotics company building a scalable foundation model for robotics, has closed a $300M Series A funding round. The funding brings the company to a valuation of $1.5 billion.
Infinite Reality agrees to acquire Landvault for US$450 million
Infinite Reality (iR) has agreed to acquire Landvault for US$450 million in an all-share transaction. Landvault is a portfolio company of the Sure Valley Ventures Fund
Israel based Apester Limited files for bankruptcy
LONDON: Apester Limited, a majority-owned subsidiary of Sivota in Israel, has announced its decision to file for bankruptcy. The company’s board cited a sharp decline in trading performance as the primary reason behind this move. Legal advice prompted the decision, and a bankruptcy hearing is scheduled later this month in Tel Aviv. Sivota, the parent…
SSE and partners move forward with 2GW offshore wind farm in the Netherlands
LONDON: SSE with its joint venture partner APG (acting on behalf of Dutch pension fund ABP) has today confirmed it is moving forward with the 2GW Alpha offshore wind tender site (SSE share 50%) in the IJmuiden Ver Wind Farm Zone in the Netherlands. Subject to reaching a Final Investment Decision (FID), expected by late…