LONDON: HSBC Holdings plc is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. HSBC Group Chief Executive Officer, Georges Elhedery, commented: “The changes that we are announcing today will make it easier for our…
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in…
LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team, today announced the closing of an oversubscribed $225 million Series…
LONDON: Ocean Wilsons has announced that its wholly-owned subsidiary, OW Overseas (Investments) Limited (OWOIL), has agreed to sell its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl (SAS), a subsidiary of MSC Mediterranean Shipping Company SA…
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million…
LONDON: Elixirr International plc (AIM: ELIX) announced the acquisition by its US subsidiary, Elixirr Inc. of all of the issued and outstanding membership interests of Hypothesis Group LLC for a maximum consideration payable of US$45.0 million. The Board is also…
LONDON: FirstGroup plc has acquired Anderson Travel, a central London based coach company comprising three trading entities, Anderson Travel Limited, Anderson Tours Limited and London Mini Coaches Limited. Anderson Travel currently operates c.40 coaches of varying sizes in and around…
SYDNEY: TZ Limited has entered into a Heads of Agreement to acquire proptech company, Keyvision Holdings Pty Ltd. TZ Chairman Peter Graham said: “TZ is delighted to announce its entry into the Heads of Agreement to acquire Keyvision. Their platform apps to…
Bigtincan Holdings Limited (ASX: BTH) has announced its agreement with Investcorp AI Acquisition Corp. (IAAC) to list Bigtincan’s business on the Nasdaq. This transaction involves forming a new company, Bigtincan Limited, based in the Cayman Islands. Key Details of the Deal Strategic Comments Harsh Shethia, a veteran at Investcorp, stated that this transaction not only benefits Bigtincan’s shareholders but also its customers, employees, and partners. It positions Bigtincan as a leader in AI-powered sales enablement, showcasing Australia’s strengths in AI innovation. Transaction Mechanics The agreement involves merging IAAC with BTH Merger Sub Limited, a wholly-owned subsidiary of Bigtincan Limited, with the latter continuing as the surviving company. Bigtincan shareholders will exchange their shares for those in Bigtincan Limited or opt for cash if available. Company Overview Bigtincan is a global leader in sales enablement and engagement, offering tools for Sales Content Management, Sales Readiness, and Sales Engagement. The company operates in over 50 countries and services more than 100 Fortune 500 companies. Investcorp, a global investment manager, specializes in private equity, real assets, and credit. With a presence in 14 offices globally and around $53 billion in assets under management, Investcorp plans to integrate Bigtincan into its AI investment strategy, enhancing its global footprint. This transaction, if completed, will mark a significant milestone for Bigtincan, positioning it for substantial growth and innovation in the AI and enterprise software space. Bigtincan acquires revenue intelligence and data platform provider, SalesDirector.ai
LONDON: Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, has entered into an agreement to acquire Certain Affinity, Inc., a leading US-based game development studio. Certain Affinity was founded in…
SYDNEY: Swoop Holdings (ASX:SWP) has announce its intention to make an off-market takeover offer to acquire all of the ordinary shares of Vonex Limited (ASX:VN8)that it does not currently own. Swoop is offering 1 fully paid Swoop ordinary share for…
PERTH: Lycopodium Limited has entered into a Heads of Agreement to acquire a majority interest in SAXUM, an Argentinian headquartered engineering company. Under the terms of the agreement, Lycopodium will acquire a 60% shareholding in SAXUM with options over the…