LONDON, UK: Inchcape Plc has agreed to sell its UK Retail operations to Group 1 Automotive UK Limited, a wholly-owned subsidiary of Group 1 Automotive Inc. (NYSE: GPI) for a cash consideration of approximately £346 million. In FY2023, Inchcape’s UK Retail operations generated revenue of £2,065m, 18% of Group revenue, and adjusted operating profit of…
Glanbia signs deal to acquire Flavor Producers LLC for upto $355 million
LONDON, UK: Glanbia plc has entered into an agreement with the shareholders of Aroma Holding Company, LLC and related entities, the owners of Flavor Producers LLC to acquire the business for an initial consideration of $300 million plus deferred consideration. Flavor Producers is a leading flavour platform in the US, providing flavours and extracts to…
HgT will invest approximately £21.3 million in Focus Group
BRIGHTON & HOVE, UK: Hg, the Manager of HgCapital Trust plc (HgT), announced an investment in Focus Group, one of the UK’s leading providers of essential business technology to SMEs. HgT will invest approximately £21.3 million in Focus Group, with other institutional clients of Hg investing alongside HgT through the Hg Genesis 10 Fund. Founded…
LPE terminates employment of CEO Damien Glanville
SYDNEY: The Board of Embedded electricity provider, Locality Planning Energy Holdings Limited (ASX: LPE), has resolved to terminate the employment of its Chief Executive Officer, Mr. Damien Glanville, with immediate effect due to his failure to comply with LPE’s Security Trading Policy. The Board, led by our Executive Chairman, Mr. David Jarjoura, will continue to…
Tigers Realm Coal sells Russian assets for $49 million
SYDNEY, AUSTRALIA: Tigers Realm Coal Limited (ASX:TIG), commonly known as TIG, has officially announced the sale of its Russian holdings in a comprehensive share purchase agreement. The deal, valued at a substantial US$49 million, sees the transfer of all issued shares in its Russian subsidiaries to Limited Liability Company APM-Invest. The transaction encompasses the entirety…
Kin Mining NL and PNX Metals have announced a merger
SYDNEY, AUSTRALIA: Kin Mining NL and PNX Metals Limited have announced a merger that promises to reshape the junior resource landscape on the ASX. In a joint statement released today, Kin Mining NL (ASX: KIN) and PNX Metals Limited (ASX: PNX) declared they have signed a binding scheme implementation deed. This agreement sets the stage…
Maximizing Efficiency: Top CRM Sales Features to Look for in 2024
In the fast-paced world of sales, the ability to quickly adapt and respond to customer needs is paramount. Customer Relationship Management (CRM) Sales Features stand at the forefront of this adaptive capability, offering a suite of tools designed to streamline sales operations and fortify customer relationships. At its core, CRM Sales is more than just…
BNP Paribas buys Fosun Group’s 9% stakes in Ageas for EUR 730 million
BNP Paribas Cardif, a subsidiary of BNP Paribas Group, has signed an agreement to acquire a 9% stake in Ageas from Fosun Group. This move will bolster BNP Paribas Group’s position in the insurance sector and deepen its strategic partnership with Ageas. The acquisition, valued at approximately 730 million euros, will occur in two phases:…
The Psychology of Gaming: Tapping into Player Motivations for Marketing
In the digital age, gaming has transcended mere entertainment to become a cultural phenomenon that captivates millions worldwide. It’s not just a pastime; it’s a lifestyle that permeates every aspect of modern culture. From the neon-lit streets of Tokyo to the bustling cities of New York, gaming is ubiquitous, shaping identities and communities across the…
Singapore’s Mobile-health Network Solutions goes public with NASDAQ listing
Singapore-based Mobile-health Network Solutions, commonly known as MNDR, has successfully completed its initial public offering (IPO), marking a new chapter in the company’s expansion. The IPO saw MNDR offering 2.25 million Class A Ordinary Shares to investors at a price of $4.00 each, culminating in a gross total of $9 million before expenses. The newly…
AAM Insurance appoints new Chief Investment Officer and Head of Fixed Income
AAM Insurance Investment Management has announced significant leadership changes to take effect from May 1, 2024. Tim Senechalle, CFA, will take over as the new Chief Investment Officer (CIO), while Elizabeth Henderson, CFA, will assume the role of Head of Fixed Income. John Schaefer, AAM’s Chairman and CEO, expressed confidence in the new appointees, stating,…
Spiber Inc. raises JPY 10 billion in latest funding round
Spiber Inc. a pioneering biomanufacturing startup, has announced the successful closure of a funding round exceeding JPY 10 billion. The fresh capital, bolstered by additional contributions from current shareholders, is set to propel the mass production and global distribution of Spiber’s revolutionary Brewed Protein™ materials, marking a stride forward in the pursuit of a circular…