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…
Experian signs deal to acquire illion for A$820 million
LONDON, UK: Experian, the global information services company, has signed an agreement to acquire illion, one of the leading consumer and commercial credit bureaus in Australia and New Zealand. The acquisition of 100% of illion is for a total consideration of up to A$820m (c.US$532m), payable on completion of the transaction and to be funded…
Conquest acquires 182MW Finnish wind farms
Conquest, through its Conquest Infrastructure SLP – Sustainable 2 fund, has acquired a 182MW onshore wind portfolio in Finland from BHM Renewables. Developed by Winda Energy, this acquisition marks Conquest’s entry into the Finnish market and establishes a broader partnership aimed at future expansions. The deal includes two wind farms with a combined capacity of…
Ivo raises $4.8 million in funding
SAN FRANCISCO: Ivo (formerly known as Latch), a company specializing in generative AI-powered contract review solutions, has announced a successful funding round of $4.8 million. This investment is aimed at enhancing the capabilities of legal teams, improving their efficiency and accuracy, and accelerating the delivery of business value. The rebranding to Ivo, inspired by the…
Engro Corporation to sell its thermal assets to Liberty Power for Rs35 billion
KARACHI, PAKISTAN: Engro Corporation (ENGRO) has announced to sell its thermal power assets in what is being termed as one of the largest acquisitions in the nation’s recent history. Engro Energy Limited (EEL), ENGRO’s fully owned subsidiary, has finalized agreements to divest its entire stakes in three key entities to Liberty Power Holding (Pvt.) Limited,…
Schroder BSC Social Impact Trust commits £5 million to Savills affordable housing
LONDON: Schroder BSC Social Impact Trust plc has committed £5 million to the Savills IM Simply Affordable Homes Limited Partnership. This investment aligns with the company’s High Impact Housing asset class allocation and aims to address the pressing social challenges in the UK. The fund, managed by the esteemed Savills Investment Management, boasts an impressive…
Synechron has acquired software development company, Dreamix
LONDON: Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, announced its acquisition of Dreamix, a custom software development company founded in 2006. Dreamix, headquartered in Sofia, Bulgaria, is a bespoke end-to-end software engineering and digital product/application development company. Dreamix caters to the customized needs of an array of…
EQT Active Core Infrastructure Fund advances negotiations to acquire Ocea Group
EQT Active Core Infrastructure Fund (“EQT”) has announced its entry into exclusive negotiations for the acquisition of Ocea Group (“Ocea”) from ICG Infrastructure Equity I (ICG Infra). This strategic acquisition is poised to bolster EQT’s presence in the environmental services market, particularly in the smart water and heat submetering domain. Ocea Group, renowned for its…
UK Government selects X-energy and Cavendish Nuclear for first advanced modular reactor award
X-Energy UK Holdings, Ltd, a subsidiary of X-Energy Reactor Company, LLC, and Cavendish Nuclear, part of Babcock International, have received a substantial funding boost from the UK Government’s Future Nuclear Enabling Fund (FNEF). The £3.34 million grant, which will be matched by X-energy, earmarks a total of £6.68 million for the development of Advanced Modular…