LONDON: Syncona Ltd has signed an agreement for the sale of its portfolio company Clade Therapeutics to Century Therapeutics for $45 million. Century is a biotechnology company developing induced pluripotent stem cell (iPSC)-derived cell therapies. Syncona committed $30 million to Clade in August 2021 alongside a syndicate of specialist investors as part of a $87…
Animalcare Group to sell it’s stake in STEM Animal Health for $4.7m
LONDON, UK: Animalcare Group plc (AIM: ANCR) has reached agreement in principle to sell its 33.34% equity stake in STEM Animal Health Inc. (STEM) to Dechra Pharmaceuticals Limited for a total cash payment of US$4.7m. STEM is currently owned by Animalcare and Canada-based Kane Biotech Inc. Other items covered by the agreement will bring the…
Captura secures $45.3 million in expanded Series A round
Captura has successfully expanded its Series A funding round, amassing a total of $45.3 million. This infusion of capital is a testament to the company’s dynamic growth and its commitment to advancing its Direct Ocean Capture (DOC) technology—a promising solution that leverages the ocean’s inherent carbon absorption capabilities. The latest funding round welcomed National Grid…
Societe Generale to divest equipment financing business to Groupe BPCE for €1.1 billion
PARIS, FRANCE: Societe Generale’s Board of Directors has approved the signing of a Memorandum of Understanding with Groupe BPCE for the divestment of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF). Groupe BPCE would take over most of Societe Generale Equipment Finance activities, which offer tailor-made financing and leasing solutions for…
M&C Saatchi appoints of Rob Doubal and Laurence Thomson as new joint Global CCOs
LONDON, UK: M&C Saatchi announced the appointment of Rob Doubal and Laurence (Lolly) Thomson as the new joint Global Chief Creative Officers (CCOs). Rob and Lolly join M&C Saatchi from McCann London, where they held the position of joint CCOs of McCann UK and co-presidents McCann London. This is a newly created role and will…
Shurgard Self Storage offers to acquire Lok’nStore in a £378 million deal
LONDON, UK: Shurgard Self Storage Ltd has reached agreement on the terms of a recommended cash offer to acquire Lok’nStore Group. Under the terms of the acquisition, Lok’nStore shareholders will be entitled to receive 1,110 pence in cash for each share valuing the entire issued and to be issued share capital of Lok’nStore at approximately…
Vertex Pharmaceuticals to acquire Alpine Immune Sciences in $4.9 billion deal
Vertex Pharmaceuticals Incorporated (VRTX) has announced its plans to acquire Alpine Immune Sciences, Inc. (ALPN), a company dedicated to the discovery and development of novel protein-based immunotherapies. The acquisition, valued at approximately $4.9 billion, will see Vertex purchasing Alpine at $65 per share in an all-cash transaction. The strategic acquisition has received unanimous support from…
Downer EDI awarded $320mn road maintenance contract
AUCKLAND: Downer EDI Limited today announced it had been awarded a road maintenance contract by Victoria’s Department of Transport and Planning valued at an estimated $320 million over a maximum term of eight years. The contract begins in July 2024 for an initial four-year term, with the option for two two-year extensions. Under the contract,…
Stewart Information Services has acquired All New York Title Agency
Stewart Information Services Corporation (NYSE-STC) has announced the acquisition of All New York Title Agency, Inc., a prominent commercial boutique title company based in White Plains, New York. All New York, founded in 1995 by industry veterans Joseph Petrillo and John Martin, has established itself as a leader in the Affordable Housing, Supportive Housing, and…
Inverness Graham acquires employee benefits leader BenefitHub
Philadelphia-based buyout firm Inverness Graham, known for investing in technology-driven companies, has officially announced the acquisition of BenefitHub. Established in 1999, BenefitHub is renowned for its comprehensive voluntary benefits and employee engagement platform, which serves over 10 million employees worldwide. The platform is utilized by numerous Fortune 1000 companies, including industry giants such as Amazon,…
New Advancements In Weight Loss Medications Are Shifting the Weight Loss Landscape
Society’s focus on weight and weight loss dates back centuries, and over the years, the battle against obesity has seen numerous approaches. Weight loss medications often fall short due to limited effectiveness or concerning side effects. However, recent advancements are shaking things up, offering a new wave of hope for those struggling with weight management….
AIP Capital launches Phoenix Aviation Capital, a full-service aircraft lessor
AIP Capital (AIP), a global asset management and investment company, announced today the formation of Phoenix Aviation Capital, a full-service aircraft lessor focusing on financing modern, high-demand aircraft worldwide. Phoenix is wholly owned by an American insurance and financial services company that has approximately $11 billion in assets under management. As part of this transaction,…