LONDON, UK: Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announced the acquisition of a freehold property in the centre of Brighton, from the University of East Sussex, by Safe Hostels Ltd, a 100% owned subsidiary of and guaranteed by Safestay Plc, with the intention of converting it into…
PPHC acquires cross-party public affairs advisory firm, Pagefield
LONDON: Public Policy Holding Company (AIM: PPHC), the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, has acquired Pagefield Communications Limited, a premier London-based strategic communications and cross-party public affairs advisory firm, for an initial consideration of £16.2 million. Until now, PPHC’s nine operating companies have…
Ardena announces CEO transition: Jeremie Trochu takes the helm
GHENT, BELGIUM: Ardena, a prominent Contract Development and Manufacturing Organization (CDMO), has announced a significant leadership change. **Dr. Harry Christiaens** is retiring after two decades of service as CEO and will continue to serve on the company’s board. Succeeding him is **Jeremie Trochu**, a veteran in the pharmaceutical CDMO sector, who brings a wealth of…
Indico Data raises $19M with Guidewire to deliver cutting-edge AI technology
BOSTON: Indico Data, the industry’s leading solution for the automating of critical intake workflows across the policy lifecycle, announced completion of a successful funding round raising $19M with a strategic investment from Guidewire, a premier platform for Property and Casualty (P&C) insurers. This strategic financial infusion and partnership with Guidewire will accelerate Indico Data’s mission…
TransDigm completes $1.385 billion acquisition of Electron Device Business
CLEVELAND: TransDigm Group Incorporated (NYSE: TDG) has completed its acquisition of the Electron Device Business of Communications & Power Industries (CPI), a portfolio company of TJC, L.P., for approximately $1.385 billion in cash. TransDigm financed the acquisition through cash on hand as well as cash proceeds from the notes offerings completed in November 2023. The…
Dolby Laboratories agrees to acquire GE Licensing for $429 million
SAN FRANCISCO: Dolby Laboratories Inc. (NYSE: DLB) has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors. Dolby Laboratories has agreed to acquire GE Licensing, an intellectual property licensing business primarily targeting the consumer digital media…
Elevate raises $5 million to offer US based $ accounts in Pakistan
KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They’ve raised a total of $10 million in equity and debt from investors including Y Combinator, Goodwater, Global Founders Capital and VSQ and Since launching earlier this year, over 50,000 Freelancers and remote workers…
Pakistan Stock Exchange suggests tax reforms, comprehensive documentation of all economic activities
KARACHI: Pakistan Stock Exchange (PSX) has submitted a series of important tax proposals to the Ministry of Finance (MoF) and the Federal Board of Revenue (FBR) for consideration in the federal budget for the fiscal year 2024-25. The measures recommended are revenue positive and will encourage resource allocation towards productive and documented sectors of the…
Zand Bank and MANTRA sign collaboration
DUBAI: Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs. The collaboration between these two entities will also focus on…
Telix Pharmaceuticals launches IPO in United States
Melbourne: Telix Pharmaceuticals Limited (ASX: TLX) launched its initial public offering in the United States of AmericanDepositary Shares (ADSs), each representing one ordinary share in Telix. The target size of the offering is US$200 million in gross proceeds. In addition, Telix expects to grant the Underwriters (asdefined below) a 30-day option to purchase up to…
EIG Partners to sell West Burton Energy for £450 million
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with EIG Partners for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million. EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.7 billion under management as of March 31, 2024. West Burton Energy owns…
Bloom Equity Partners offers to acquire GRC International for £8.6 million
LONDON: Bloom Equity Partners Management has agreed on the terms and conditions of a recommended all cash offer for the entire ordinary share capital of GRC International Group plc at the rate of 8.0 pence in cash per GRC share. The offer values GRC’s entire issued, and to be issued, ordinary share capital at approximately…