LONDON: Kore Potash Plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announced the appointment of Mr J. M. André Baya as Chief Executive Officer (‘CEO’) effective from 15 April 2024. André has over 20 years of experience in…
GetBusy plc has acquired trade and assets of SmartPath LLC
LONDON, UK: GetBusy plc (AIM: GETB), a leading provider of productivity software for professional and financial services, announced the acquisition of the trade and assets of SmartPath LLC, the pricing intelligence and revenue optimisation platform for the accounting industry. The acquisition broadens the Group’s product offering into the pricing and small-practice management space in the…
ServicePoint has bought SmartSource LLC
ServicePoint, a Mill Point Capital LLC portfolio company, has officially acquired SmartSource LLC, a prominent provider of technology services nationwide. This acquisition marks a significant step for ServicePoint, enhancing its operational scale and customer base across the United States. SmartSource, headquartered in St. Charles, Illinois, specializes in IT staffing, multi-site deployment, and technical solutions, primarily…
Suncorp to sell its New Zealand business, Asteron Life for NZ$410m
SYDNEY, AUSTRALIA: Suncorp Group Limited (ASX: SUN) has signed a share sale and purchase agreement with Resolution Life to sell its New Zealand life insurance business, Asteron Life Limited. Suncorp’s New Zealand general insurance business remains unchanged and part of the Suncorp Group. The sale of Asteron Life for NZ$410 million includes an upfront payment…
Omniwire receives $2 million investment to Fuel Fintech Innovation
Omniwire, a pioneering company at the forefront of financial technology, has announced a substantial $2 million investment. This new funding is set to propel the company’s mission to revolutionize the fintech landscape with cutting-edge solutions. The investment marks a pivotal moment for Omniwire, enabling the company to accelerate its growth trajectory and expand its suite…
Farmers Mutual Hail acquired crop insurance company, Global Ag
Farmers Mutual Hail Insurance Company of Iowa (FMH) has acquired Global Ag Insurance Services from commercial and specialty insurer AXA XL. Global Ag is a leading crop insurance provider headquartered in the western U.S. that offers crop insurance solutions through the USDA multi-peril crop insurance program as well as specialty private and named peril products…
Saint-Gobain to Bailey-Hunt Group in Canada for CAD 880 million
LONDON: Saint-Gobain announces that it has entered into a definitive agreement for the acquisition of The Bailey Group Companies – consisting of Bailey-Hunt Limited and its subsidiaries – a privately owned manufacturer of metal building solutions for light construction in Canada, for C$880 million (approximately €600 million) in cash. Bailey-Hunt is a leading player in metal framing in Canada with C$532 million…
Allure Security raises $10 million in Series A Funding
Allure Security, a leading provider of online brand protection services, has successfully closed a $10 million Series A funding round. The round was spearheaded by Curql, a strategic fintech investment firm, with participation from new investor Jens Montanana, Datatec’s Founder and CEO, alongside existing backers Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital….
ARCA biopharma and Oruka Therapeutics announce merger agreement
ARCA biopharma, Inc. (NASDAQ: ABIO) and Oruka Therapeutics have announced a definitive agreement to merge in an all-stock transaction, poised to reshape the chronic skin disease treatment landscape. The new entity, retaining the name Oruka Therapeutics, Inc., will focus on advancing a pipeline of potentially best-in-class biologics, including ORKA-001 and ORKA-002, targeting IL-23p19 and IL-17A/F…
Alterome Therapeutics raises $132 million in Series B led by Goldman Sachs Alternatives
SAN DIEGO: Alterome Therapeutics, Inc., a trailblazer in the biopharmaceutical industry, has successfully completed a Series B financing round, raising a substantial $132 million. This funding marks a pivotal step for the company as it aims to transition multiple innovative cancer treatments from the laboratory to clinical trials. “We are pleased with a financing of…
gWorks has acquired Pennsylvania-based Freedom Systems
gWorks, a leading software provider for local governments and public agencies, has announced the acquisition of Freedom Systems, a Pennsylvania-based software firm with a longstanding reputation in the industry. Effective March 27, 2024, the acquisition is a key component of gWorks’ growth strategy, marking its seventh acquisition in a decade and the fourth in the…
Blue Owl Capital acquires Kuvare Asset Management in a $750 million deal
Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has announced a definitive agreement to acquire Kuvare Insurance Services LP, doing business as Kuvare Asset Management (KAM), for a total consideration of $750 million. KAM, known for its specialized asset management services tailored to the insurance sector, will be integrated into Blue Owl’s…