LONDON, UK: Syncona Ltd announced that Martin Murphy is stepping down as Chair of Syncona Investment Management Limited (SIML) with Chris Hollowood taking on the role of Interim Chair and Chief Executive Officer (CEO) of SIML. Martin will continue to represent Syncona on the Boards of Autolus, Anaveon and Clade. Martin co-founded Syncona with the…
Mirriad signs agreement with a top three entertainment network in the US
LONDON, UK: Mirriad Advertising Plc, the leading in-content advertising company, has entered a master license and services agreement with one of the world’s leading multinational mass media entertainment companies to employ its platform to identify virtual product placement opportunities and introduce in-content advertising into the Partner Company’s content. The Agreement brings Mirriad’s AI-powered virtual in-content…
CBA to sell 99% shareholding in PT Bank Commonwealth for A$220m
SYDNEY, AUSTRALIA: Commonwealth Bank of Australia (CBA) it has entered into a binding agreement to sell its 99% shareholding in its Indonesian banking subsidiary, PT Bank Commonwealth (PTBC), to PT Bank OCBC NISP Tbk (OCBC Indonesia), a subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC) for an upfront cash consideration of approximately A$220m. CBA has been…
Ofwat launches investigation into South East Water’s supply resilience
LONDON, UK: Ofwat has opened an enforcement case into South East Water to investigate whether it has failed to develop and maintain an efficient water supply system. This announcement follows the regulator calling in the Board of South East Water before Ofwat’s Chair and Chief Executive to explain its performance over the last 18 months. …
Wheaton Precious Metals expands portfolio with $530 million stream acquisitions
LONDON, UK: Wheaton Precious Metals and its wholly-owned subsidiary, Wheaton Precious Metals International have finalized a definitive agreement with entities advised by Orion Resource Partners to acquire existing streams related to Ivanhoe Mines’ Platreef Project and BMC Minerals’ Kudz Ze Kayah Project. Additionally, Wheaton International has entered into a new precious metals purchase agreement for…
Mars reaches agreement to acquire Hotel Chocolat for £534 million
LONDON, UK: The boards of directors of Hive Bidco Inc. and Hotel Chocolat Group plc reached agreement on the terms of a recommended cash acquisition, pursuant to which Bidco, a wholly-owned indirect subsidiary of Mars, Incorporated, will acquire Hotel Chocolat. Under the terms, each Hotel Chocolat shareholder will be entitled to receive 375 pence in…
Sonic Healthcare signs deal to acquire Pathology Watch for $130 million
SYDNEY, AUSTRALIA: Sonic Healthcare (ASX: SHL) has signed binding agreements to acquire Pathology Watch, a medical technology business headquartered in Salt Lake City, Utah, USA, which has developed and commercialised an integrated, end-to-end digital pathology platform for skin pathology (dermatopathology). Pathology Watch was recently named as part of the Inc. 500 fastest growing private companies…
Web3 Wallets and Personal Finance: Managing Investments and Budgets
Web3 wallets are a novel concept that is driving a transformative journey in personal finance during this fast-paced digital era. These cutting-edge wallets provide more than simply digital asset security; they hold the secret to opening up new possibilities for managing finances and investments. Take a fantastic journey with us as we explore the world…
Core & Main to buy Lee Supply Company, expanding its HDPE pipe business
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, announced on Wednesday that it has agreed to acquire Lee Supply Company Inc. (Lee Supply), a leading specialty distributor and fabricator of high-density polyethylene (HDPE) pipe and other related services. Lee Supply, established in 1954, is a trusted supplier…
MCCi has acquired GovBuilt
FLORIDA: MCCi, a prominent business process automation company and a Century Park Capital Partners portfolio company, has successfully acquired GovBuilt. This acquisition aims to elevate citizen experiences through a unified, low-code/no-code case management platform designed explicitly for government agencies. The acquisition of GovBuilt comes hot on the heels of MCCi’s recent accolade as a GovTech100…
IMF and Pakistan Reach Agreement on First Review of Stand-By Arrangement, Unlocking Access to $700 Million
ISLAMABAD: The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Stand-By Arrangement (SBA). The agreement, subject to approval by the IMF’s Executive Board, will grant Pakistan access to SDR 528 million (approximately US$700 million). Led by Nathan Porter, an IMF team visited Islamabad from November…
Silver Bullet Data Services Group launches AI powered insights platform
LONDON: Silverbullet, a provider of digital transformation services and products, announced the launch of its 4D AI Powered Insights Platform based on the accumulated knowledge and client feedback from more than 100 campaigns in FY23. The 4D AI Insights Platform leverages AI models to combine proprietary 4D contextual intelligence with client first party data to…