Full Glass Wine Co., a leader in direct-to-consumer wine sales, has announced the closure of a $14 million Series A funding round led by Shea Ventures. Alongside this, the company has strategically acquired Bright Cellars, a subscription-based wine service, marking a significant expansion in the DTC wine market. Louis Amoroso, Full Glass Wine Co-Founder and…
GHD has appointed Jim Giannopoulos as Chief Executive Officer
MELBOURNE: Global professional services company, GHD, has appointed Jim Giannopoulos as Chief Executive Officer, succeeding Ashley Wright and effective 2 April 2024. The planned transition process, announced to shareholders and employees in December, continues the employee-owned company’s history of succession from within its operations. Giannopoulos was most recently CEO – Americas, having led the Canadian…
Wendel has sold 9% shares in Bureau Veritas for 1.1 billion euros
PARIS, FRANCE: Wendel has successfully completed the sale of 40.5 million shares in Bureau Veritas by way of an accelerated bookbuilding process, representing c. 9% of the company’s share capital, for total proceeds of approximately 1.1 billion euros. As part of the Offering, the Lac1 fund, managed by Bpifrance, has purchased c.4% of Bureau Veritas’…
SYME advances in fintech with partnerships and innovative monetisation solutions
In a recent business update following the announcement on February 29, 2024, Supply@ME Capital plc (SYME), a pioneering fintech company, has reported significant progress in its Inventory Monetisation© (IM) solutions. These solutions are designed to enhance cash flow for manufacturing and trading companies through a cutting-edge fintech platform. White-label IM Business Line Progressing SYME, in…
Agronomics invests US$ 10 million in Liberation Labs
LONDON, UK: Agronomics (LSE: ANIC) has invested US$ 10 million in its portfolio company Liberation Labs Holding Inc. as part of a wider US$ 12.5 million financing round with participation from existing investor Siddhi Capital. The investment was made in the form of a Secured Convertible Promissory Note (SCPN), a form of convertible debt, for…
ICON Aircraft files Chapter 11; aims for business sale
ICON Aircraft, the creator of the innovative ICON A5 amphibious sport plane, has declared the initiation of a strategic restructuring by filing for Chapter 11 bankruptcy protection. The company has revealed its intention to sell its business pursuant to Section 363 of the Bankruptcy Code, while also committing to maintain customer support and ongoing operations…
Nathan Morris becomes Chief Operating Officer at ALKEME
ALKEME, recognized among the top 40 insurance brokerages nationwide, has elevated its Chief Revenue Officer, Nathan Morris, to the role of Chief Operating Officer (COO), effective immediately. Morris, who has been instrumental in driving the company’s revenue growth and fostering partner and carrier relationships, will now oversee ALKEME’s national business operations. As COO, Morris is…
OmniSource has acquired Toledo Shredding, a subsidiary of ProTrade Group
Brown Gibbons Lang & Company (BGL) announced the sale of Toledo Shredding LLC, a subsidiary of ProTrade Group, which is a fully integrated scrap metal company specializing in ferrous and nonferrous metals. Toledo Shredding’s assets were sold to OmniSource, LLC. BGL’s Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor…
BradyPLUS has acquired EcoIndustrial in Northeastern Pennsylvania
LAS VEGAS: BradyPLUS, a leading distributor of janitorial / sanitation (JanSan), foodservice disposables and industrial packaging products, has acquired The EcoIndustrial Family of Companies, distributors serving the greater Northeastern Pennsylvania marketplaces. Terms of the transaction were not disclosed. EcoIndustrial offers a wide array of industrial packaging, foodservice disposables, JanSan and safety products. Led by Sean…
Massimo Group marks its Nasdaq debut with a successful IPO
TEXAS: Massimo Group (NASDAQ: MAMO), a renowned manufacturer and distributor, has officially closed its initial public offering (IPO). The company offered 1.3 million shares to the public at $4.50 each, culminating in gross proceeds of approximately $5.85 million before expenses. Massimo’s shares made their market debut on the Nasdaq Capital Market on April 2, 2024,…
AM Best maintains ratings for Suez Canal Insurance amidst economic challenges in Egypt
LONDON: AM Best has reaffirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) for Suez Canal Insurance (SCI), with an Egypt National Scale Rating (NSR) of aa.EG (Superior). Despite the negative outlook due to the volatile economic and political climate in Egypt, SCI’s strong balance sheet and…
Clariane explores sale of Home Hospitalisation and Nursing Services Division in France
PARIS: Clariane, a leader in European healthcare, has announced the exploration of disposal options for its French Home Hospitalisation (HAD) and Nursing Home Services (SSIAD) business. The decision aligns with the company’s refinancing plan revealed last November. The division, comprising 8 HAD homes and 3 SSIAD agencies, employs 309 individuals and generated €46 million in…