Ibex Investors, a US-based investment firm that invests in Israeli startups from pre-seed to pre-IPO, announced today the close of its fourth Israel focused fund, Ibex Israel VC II LP, with $106 million in capital commitments. The new fund follows Ibex’s $100 million Israel early-stage fund raised in 2020 and will target startups across various…
Chamberlin plc agrees to sell Petrel Limited for £3 million
LONDON, UK: Chamberlin plc, the specialist castings and engineering group, has entered into an agreement for the conditional sale of Petrel Limited to Project Apollo Limited, a subsidiary of Longacre Group, for a total cash consideration of £3 million. The sale of Petrel Limited will provide the Group with the financial resources and balance sheet…
How GST hike could spell doom for Pakistan’s auto industry
Pakistan’s auto industry is facing a crisis as the government plans to increase the goods and services tax (GST) on small size sedans from 17% to 25%. This move could have disastrous consequences for the economy, the consumers, and the investors, according to the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM). The PAAPAM…
Saint-Gobain to buy Australian building materials firm, CSR Limited for A$9 per share
Saint-Gobain, the global leader in light and sustainable construction, has made a non-binding offer to acquire CSR Limited, a leading Australian building materials company, for A$9 per share in cash, valuing the deal at around A$3.5 billion. The offer is subject to due diligence, regulatory approvals, and CSR shareholders’ approval. CSR’s board has unanimously agreed…
Airbus and TotalEnergies join forces to decarbonize aviation with sustainable fuels
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
BT Group sells BT Tower to MCR Hotels for £275 million
LONDON, UK: BT Group has agreed to the sale of the BT Tower for £275 million to MCR Hotels, who plan to preserve BT Tower as an iconic hotel, securing its place as a London landmark for the future. As the UK heads rapidly into an all-digital future, a number of network operations that were…
Hornblower Group to sell or shut down its overnight cruising business
Hornblower Group, a leading provider of land- and water-based experiences, has announced a major restructuring deal that will see it sell or shut down its overnight cruising business, American Queen Voyages (AQV), which has been struggling due to the pandemic. The deal, which has the support of its investors, will also involve a change in…
Feedback Plc opens opportunity in UK private healthcare with Bleepa-CareLocker
LONDON, UK: Feedback plc (AIM: FDBK), the clinical infrastructure specialist, announces that radiology specialist Medical Imaging Partnership (“MIP”) has agreed to pilot Bleepa-CareLocker, in order to deliver multiple clinical pathways to its customers in the UK private healthcare sector. The agreement to pilot, enables both parties to evaluate how a pathway that enables a ‘straight…
Shanta Gold shareholders to receive £142 million in cash acquisition by Saturn Resources
LONDON, UK: Saturn Resources Ltd (“Bidco”), a subsidiary of ETC Holdings, has agreed to buy out Shanta Gold Limited (“Shanta”), a gold mining company operating in East Africa, for 13.5 pence per share in cash. Badal Patel, CFO of Bidco, commented: “Bidco believes that the recommendations from ISS and Glass Lewis to vote in favour…
Cambridge Cognition and ActiGraph partner to advance digital health technologies in CNS trials
LONDON, UK: Cambridge Cognition Holdings plc, a developer and marketer of digital solutions for brain health assessment, has announced a new strategic partnership with ActiGraph, a leading provider of wearable technologies for clinical trials. The partnership will deliver a comprehensive suite of assessments to measure mental and physical capabilities in clinical development, especially in areas…
Rio Tinto signs Australia’s biggest renewable power deal
LONDON, UK: Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project. The agreement, which follows the company announcement last month of a PPA for the Upper Calliope solar farm in Queensland,…
H&T Group acquires assets of Maxcroft Securities for £11.3m
LONDON, UK: H&T Group Plc, the UK’s largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches, announced the acquisition of certain assets of Maxcroft Securities Ltd, for a cash consideration of £11.3m. Maxcroft is a longstanding and successful pawnbroking business based in Essex, a company announcement said. The Group…