LONDON: Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects. Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four…
Advanced Medical Solutions Group signs deal to acquire Peters Surgical for €141.4 million
CLOSING OF PETERS SURGICAL ACQUISITION WINSFORD, UK: Advanced Medical Solutions Group plc (AIM: AMS), a premier innovator in the field of tissue-healing solutions, signed a deal for the intended purchase of Peters Surgical, a foremost international supplier of specialty surgical sutures, mechanical haemostasis, and internal cyanoacrylate devices. The aggregate maximum monetary compensation is set at…
Voyager Plc and Northern Leaf plc have agreed to merge
LONDON, UK: Voyager Plc has signed heads of terms with Northern Leaf plc for a merger of the two companies. The merger would value the enlarged group at in excess of £5 million, based on Voyager’s current share price of 11 pence and assuming that the deferred consideration is settled in full. The deferred consideration…
UMAMI Bioworks acquires Shiok Meats, an Agronomics portfolio company
LONDON: Agronomics (LSE: ANIC) has announced the acquisition of its portfolio company, Shiok Meats, by UMAMI Bioworks Pte. Ltd. The deal, structured as a share-for-share exchange, marks a significant step towards the scalable production of sustainable seafood. UMAMI Bioworks, a Singapore-based trailblazer in cultivated seafood, employs cutting-edge stem cell technology, machine learning, and automation in…
Dynasty Gaming & Media to acquire Googly Media Holdings for $7.6 million
LONDON, UK: Blue Star Capital plc, an investment firm specializing in esports, payments, and technology, has announced that its investee, Dynasty Gaming & Media Pte Ltd, has agreed to acquire Googly Media Holdings Pte Ltd. The deal, valued at approximately $7.6 million, will result in a combined entity worth $15 million. The acquisition, effective from…
ArcelorMittal acquires 28.4% stake in Vallourec
AMSTERDAM: ArcelorMittal has announced the acquisition of a 28.4% stake in Vallourec, amounting to 65,243,206 shares, at a price of €14.64 per share. This deal, valued at approximately €955 million, was secured through a Share Purchase Agreement with Apollo Global Management, Inc. The transaction is pending regulatory approval and is anticipated to conclude in the…
Parkway Corporate Limited has acquired Tankweld Group
SYDNEY, AUSTRALIA: Parkway Corporate Limited (ASX: PWN, FSE: 4IP), a renowned industrial process technology company, has announced the complete acquisition of Tankweld Engineering Service Pty Ltd and Tankweld Installations Pty Ltd, collectively known as the Tankweld Group. This acquisition marks a major step for Parkway in enhancing its capabilities in advanced project execution and industrial…
Identidad acquires VoIP pioneer SwitchRay
Identidad, a leading telecommunications innovator, has officially acquired SwitchRay, a renowned VoIP solutions provider, previously managed by 46 Labs. The acquisition, effective March 8, 2024, positions Identidad to leverage SwitchRay’s advanced softswitch infrastructure to deliver superior customer support and expand its service offerings. Identidad, with over two decades of experience in VoIP, SMS A2P, and…
Dowlais Group appoints Jean-Marc Durbuis as new CEO of GKN Powder Metallurgy
Dowlais Group Plc, the specialist engineering firm focused on the automotive sector, has appointed Jean-Marc Durbuis as the new Chief Executive Officer of GKN Powder Metallurgy. Jean-Marc joins the company on 12 March. This appointment follows Diego Laurent’s departure from the business after 31 years of service at GKN. Jean-Marc will bring extensive commercial, operational…
Campbell Soup acquires Sovos Brands in a $2.7 billion deal
Campbell Soup Company (NYSE: CPB) has finalized the purchase of Sovos Brands, Inc. for $23 per share, marking a significant expansion of its premium brand offerings. The all-cash deal values Sovos Brands at roughly $2.7 billion. Mark Clouse, President and CEO of Campbell Soup, highlighted the acquisition as a pivotal moment that enhances the company’s…
Tierra Biosciences secures $11.4M in Series A funding to revolutionize protein synthesis
Tierra Biosciences has successfully secured an $11.4 million Series A funding round, spearheaded by Material Impact. This significant financial boost, with contributions from Prosus Ventures, In-Q-Tel, Hillspire, Freeflow Ventures, Creative Ventures, and Social Capital, will enable the company to expand its innovative cell-free protein synthesis platform. As the creator of the world’s first predictive AI-guided…
Frazier Healthcare Partners acquires RevSpring
Frazier Healthcare Partners, the Seattle-based investment firm with a focus on healthcare, has successfully completed the acquisition of RevSpring, a prominent provider of comprehensive communication and payment solutions. The acquisition, previously under the ownership of the esteemed private equity firm GTCR, marks a new chapter for RevSpring as it joins forces with Frazier. The strategic…