Campbell Soup Company (NYSE: CPB) has finalized the purchase of Sovos Brands, Inc. for $23 per share, marking a significant expansion of its premium brand offerings. The all-cash deal values Sovos Brands at roughly $2.7 billion. Mark Clouse, President and CEO of Campbell Soup, highlighted the acquisition as a pivotal moment that enhances the company’s…
Tierra Biosciences secures $11.4M in Series A funding to revolutionize protein synthesis
Tierra Biosciences has successfully secured an $11.4 million Series A funding round, spearheaded by Material Impact. This significant financial boost, with contributions from Prosus Ventures, In-Q-Tel, Hillspire, Freeflow Ventures, Creative Ventures, and Social Capital, will enable the company to expand its innovative cell-free protein synthesis platform. As the creator of the world’s first predictive AI-guided…
Frazier Healthcare Partners acquires RevSpring
Frazier Healthcare Partners, the Seattle-based investment firm with a focus on healthcare, has successfully completed the acquisition of RevSpring, a prominent provider of comprehensive communication and payment solutions. The acquisition, previously under the ownership of the esteemed private equity firm GTCR, marks a new chapter for RevSpring as it joins forces with Frazier. The strategic…
Arecor Therapeutics and TRx Biosciences collaboration for oral diabetes treatment
LONDON: Arecor Therapeutics plc and TRx Biosciences Limited have entered into a research collaboration to develop an oral form of glucagon-like peptide-1 (GLP-1) receptor agonist, a treatment for type 2 diabetes and obesity. The partnership aims to overcome the challenges of oral peptide delivery due to the digestive system’s degradation of these drugs, which typically…
Lumio appoints Andrew Walton as new CEO amidst expansion drive
Lumio, a leading name in the renewable energy sector, has welcomed Andrew Walton as its new CEO. Walton, who brings a wealth of experience from his previous role as President of SNR Solar, is set to join the Board of Directors. Concurrently, Brendan Smith will advance from COO to President. This strategic move follows Lumio’s…
ProductLife Group acquires UK based consultancy, Integrity
ProductLife Group (PLG) has acquired Integrity, a UK-based consultancy renowned for its expertise in IT Quality and Digital Transformation. This acquisition marks a strategic expansion of PLG’s capabilities in driving IT Quality projects and digital programs on a global scale. ProductLife Group, a leader in regulatory, scientific, and digital services for life sciences, is set…
BT Group partners with Broadpeak to revolutionize live video streaming
PARIS: BT Group has joined forces with Broadpeak®, a global leader in content delivery network (CDN) and video streaming solutions, to unveil a pioneering live video streaming service. This new venture is set to redefine the standards of live broadcasting with the introduction of the Multicast-Assisted Unicast Delivery (MAUD) solution, powered by Broadpeak’s cutting-edge nanoCDN™…
Substrate AI buys majority stakes in both BINIT. and DELTANOVA
LONDON: Substrate AI has completed the acquisition of an additional 21% of the share capital of both BINIT, S.R.L. and DELTANOVA, S.A., the parent companies of the BINIT Group. In November 2023, the Company announced that it had acquired 70% of these companies for a total consideration of €6,000,000. As per the announcement dated 03…
Money transfers to Egypt experience notable surge
DUBAI: Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates, and a subsidiary of Al Ansari Financial Services Group, announced today witnessing a remarkable increase in the volume of money transfers sent from the UAE to Egypt following recent developments related to the Egyptian Pound exchange rate. The company…
Hill & Smith has acquired FM Stainless for $8.75 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, announced the acquisition of FM Stainless, LLC. The Group has completed the acquisition of the business and assets of FM Stainless from its principal shareholder, Chad Hood, who will be staying with the business. The initial cash consideration is $8.25m…
Tide, UK’s top business financial platform, launching in Germany
Tide, the United Kingdom’s premier business financial platform, has announced its launch in Germany. This expansion marks Tide’s second international venture, hot on the heels of its successful foray into the Indian market last year. Tide has carved a niche in the UK by offering a suite of highly integrated finance and administrative solutions tailored…
Domino’s signs to acquire remaining of 85% shares in Shorecal Limited for €72m
LONDON: Domino’s Pizza Group has signed a binding sale and purchase agreement to acquire the remaining 85% shareholding it does not already own in Shorecal Limited, the largest Domino’s franchise business operating in the Republic of Ireland and Northern Ireland, from Charles Caldwell, Adrian & Anne Caldwell, and SC Holdings I Ltd, an investment vehicle…