AUCKLAND: Comvita Limited, the global leader in Mānuka honey and bee consumer goods, has announced that it has received a non-binding indicative offer (NBIO) from an undisclosed offshore party to acquire all of its shares. The offer price is said to be a significant premium to the current share price of Comvita, which closed at…
LGI Limited announces Jarryd Doran as new CEO
SYDNEY, AUSTRALIA: LGI Limited, a leading waste management company, has announced a change in its top leadership as part of a planned succession. Jarryd Doran, the former Chief Operating Officer, will take over as the new Chief Executive Officer from Friday, 1 March 2024. He will replace Dr Jessica North, who will step down as…
Manifest Financial buys Nerve Tech
Manifest Financial, a company that provides financial services to entrepreneurs and micro-businesses, has acquired Nerve Tech, a banking platform for creators and their platforms. The deal aims to create a banking partner that understands and meets the unique needs of the entrepreneurial sector. Nerve was founded by John Waupsh and Ben Morrison, who have over…
Axway in talks to buy most of Sopra Banking Software for €330m
Axway, a global software company, announced today that it has entered into exclusive discussions to acquire most of the activities of Sopra Banking Software (SBS), a subsidiary of Sopra Steria Group and a provider of banking and financial software. The deal, valued at €330m, would create a new enterprise software house with critical scale, able…
How to Choose the Best Technology and Business Services Providers Based on CX Scores
Choosing the right technology and business services providers can be a daunting task, especially in a fast-changing and competitive market. You want to work with providers that can deliver high-quality services, meet your expectations, and help you achieve your goals. But how do you know which providers are the best for your needs? One way…
Orkes raises $20M to scale distributed systems with AI
Orkes, a company that provides a fast and easy way to scale distributed systems, has secured $20 million in a funding round led by Nexus Venture Partners. The company, which launched in 2022 and raised $9.3 million in its previous round, has grown rapidly by offering a suite of industry-first AI tools and winning big…
Ibex Investors closes $106M fund to back early-stage Israeli startups
Ibex Investors, a US-based investment firm that invests in Israeli startups from pre-seed to pre-IPO, announced today the close of its fourth Israel focused fund, Ibex Israel VC II LP, with $106 million in capital commitments. The new fund follows Ibex’s $100 million Israel early-stage fund raised in 2020 and will target startups across various…
Chamberlin plc agrees to sell Petrel Limited for £3 million
LONDON, UK: Chamberlin plc, the specialist castings and engineering group, has entered into an agreement for the conditional sale of Petrel Limited to Project Apollo Limited, a subsidiary of Longacre Group, for a total cash consideration of £3 million. The sale of Petrel Limited will provide the Group with the financial resources and balance sheet…
How GST hike could spell doom for Pakistan’s auto industry
Pakistan’s auto industry is facing a crisis as the government plans to increase the goods and services tax (GST) on small size sedans from 17% to 25%. This move could have disastrous consequences for the economy, the consumers, and the investors, according to the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM). The PAAPAM…
Saint-Gobain to buy Australian building materials firm, CSR Limited for A$9 per share
Saint-Gobain, the global leader in light and sustainable construction, has made a non-binding offer to acquire CSR Limited, a leading Australian building materials company, for A$9 per share in cash, valuing the deal at around A$3.5 billion. The offer is subject to due diligence, regulatory approvals, and CSR shareholders’ approval. CSR’s board has unanimously agreed…
Airbus and TotalEnergies join forces to decarbonize aviation with sustainable fuels
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
BT Group sells BT Tower to MCR Hotels for £275 million
LONDON, UK: BT Group has agreed to the sale of the BT Tower for £275 million to MCR Hotels, who plan to preserve BT Tower as an iconic hotel, securing its place as a London landmark for the future. As the UK heads rapidly into an all-digital future, a number of network operations that were…