LONDON, UK: ITV plc has announced that it has sold its entire 50% interest in digital subscription streaming service BritBox International to its joint venture partner BBC Studios for a cash consideration of £255 million. The transaction will provide net proceeds including loan repayments and accrued dividends and after tax of around £235 million. The…
ParagonCare and CH2 announce merger to create healthcare distribution giant
SYDNEY, AUSTRALIA: ParagonCare, a leading provider of healthcare equipment and services, has agreed to merge with CH2, a national distributor of pharmaceuticals and medical products, in a deal worth $201.5 million. The merger will create a diversified and complementary healthcare distribution and wholesaling group, with combined revenues of $3.3 billion and EBITDA of $93 million…
Acrow acquires Benchmark Scaffolding for $9 million, boosts FY24 guidance
SYDNEY, AUSTRALIA: Acrow Limited (ASX: ACF), a leading provider of scaffolding and formwork solutions, has announced the successful acquisition of Benchmark Scaffolding, a North Queensland-based company specialising in industrial, mining, and infrastructure projects. The acquisition, effective 1 March 2024, is valued at $9 million, comprising of cash, equity, and deferred payments. There is also potential…
Oshkosh Corporation invests in Eatron Technologies
Oshkosh Corporation, a leading maker of purpose-built vehicles and equipment, has announced its investment in Eatron Technologies, a developer of intelligent software for batteries. The investment supports Oshkosh’s vision to use advanced analytics and predictive modeling for its electric vehicles. Eatron’s software adds a smart layer on top of existing battery control platforms, enabling accurate…
CMA CGM acquires Bolloré Logistics for 4.85 billion euros
PARIS: CMA CGM, a global leader in maritime transport, announced today that it has completed the purchase of Bolloré Logistics, a leading transport and logistics company in France and worldwide. The deal, worth 4.85 billion euros, is based on the estimated debt and cash on the closing date. It also includes the transfer of Bolloré…
Summit Partners invests in Insurcomm, a leading restoration services provider
Insurcomm, a provider of commercial and residential restoration services, has received a majority growth investment from Summit Partners, a global alternative investment firm. The investment will help Insurcomm expand its operations and acquire other providers who share its mission of delivering high-quality service to clients facing property loss events. Insurcomm offers a range of property…
EasyKnock raises $28M to expand home equity solutions platform
EasyKnock, the first home equity solutions platform in the U.S., announced a $28 million Series D funding round led by Northwestern Mutual Future Ventures, the venture capital arm of Northwestern Mutual. The round also included new and existing investors. The company will use the new capital to enhance its platform, which offers consumers alternative ways…
T-Mobile Brings 5G Home Internet to Puerto Rico
T-Mobile (NASDAQ: TMUS) has launched its 5G Home Internet service in Puerto Rico, offering customers a new option for fast, reliable and affordable broadband. The service uses the Un-carrier’s 5G network, which is the largest and fastest in the island, and costs $50 a month with AutoPay and a voice line. Customers who sign up…
CSS acquires R|L to enhance revenue performance solutions
The Center for Sales Strategy (CSS), a total revenue performance company, has announced the acquisition of Robertson Lowstuter (R|L), an industry-leading executive coaching firm. The deal, which was finalized on February 26, 2024, will enable CSS to offer a wider range of solutions to help organizations improve their revenue performance, from sales consultancy and lead…
Fore Biotherapeutics appoints Bill Hinshaw as new CEO
Fore Biotherapeutics, a biotech company developing novel cancer therapies, announced today that it has appointed Bill Hinshaw as its new Chief Executive Officer and Board member, effective immediately. Mr. Hinshaw succeeds Dr. Shawn M. Leland, who served as Advisor and Interim CEO during the transition period and will continue to support the company as a…
GXO makes £762 million cash offer for Wincanton
LONDON: GXO Logistics, Inc. (“GXO”) has announced a cash offer for Wincanton Plc (“Wincanton”), a leading UK provider of supply chain solutions, valuing the company at £762 million. Wincanton shareholders will receive 605 pence in cash for each share they hold, a 26 per cent. premium over the final offer from CEVA, a rival bidder,…
Power Metal to acquire 75% stake in GSAe
LONDON: Power Metal Resources PLC, a London-listed exploration company, has announced a deal to buy 75% of GSAe, a UK-based engineering technology provider that specialises in extracting strategic metals from waste sources. GSAe’s technology enables the production of high-purity metals such as scandium, yttrium, rare earth elements, vanadium, nickel and niobium, which are used in…