LONDON, UK: HgCapital Trust plc (HGT), a listed investment trust managed by Hg, has announced its participation in the next growth stage of GGW Group, one of Europe’s leading insurance brokers for small and medium-sized businesses. The deal, which is subject to regulatory approvals and expected to close in Q2 2024, follows an option for…
Apax Global Alpha Limited has acquired WGSN
LONDON, UK: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, has invested approximately €21.5m in WGSN on a look-through basis. On 1st February 2024, the Apax XI Fund, in which AGA is a limited partner, announced that it had closed the acquisition of WGSN, a leading…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
The Azur Selection acquires three hotels in Cannes, France
PARIS: The Azur Selection, a leading Greek hotel company, has announced its entry into the French market by acquiring three prestigious hotels in Cannes from Hôtels Du Groupe Boucau. The deal, financed by a bank loan, reflects the company’s ambition to expand beyond Greece and offer unparalleled experiences to its guests. Mr. Georges Arvanitakis, Chairman…
BIZLINX.ai: A New Way to Buy and Sell Franchises
A new online platform, BIZLINX.ai, aims to revolutionize the franchising industry by using artificial intelligence to match buyers and sellers of franchises. The platform, founded by franchise expert Sarah Moudry, offers a low-cost, transparent, and efficient alternative to traditional brokers and sales representatives. BIZLINX.ai allows sellers to list their franchises for a yearly fee of…
MedImpact Healthcare acquires Elixir Solutions
MedImpact Healthcare Systems, Inc., the nation’s largest independent health solutions, technology, and pharmacy benefit management (PBM) provider, announced today that it has acquired Elixir Solutions, a leading PBM company. The acquisition is part of MedImpact’s reinvestment strategy and aims to enhance its clinical, technology, health risk management, and consumer empowerment capabilities. Fred Howe, MedImpact Chairman…
Domrex Pharma, a Canadian medical supplies company, expands into the US
Domrex Pharma Inc., a leading manufacturer and distributor of medical supplies in Canada, has announced the establishment of its US subsidiary, Domrex Pharma USA Inc., based in Florida.The company aims to simplify the purchasing process of medical devices for healthcare professionals and patients, and to offer a wide range of products, including specialized diabetes care…
Alliance Aviation Services appoints Stewart Tully as new CEO
SYDNEY, AUSTRALIA: Alliance Aviation Services Limited (ASX: AQZ) has announced that Mr Stewart Tully will become the new Chief Executive Officer of the Group from 1st March 2024. Stewart Tully, who has 34 years of aviation experience, is currently the Chief Operating Officer of the Company and has been working with Alliance since 2015. The…
Sequoia Financial Group has acquired Clique Paraplanning
SYDNEY, AUSTRALIA: Sequoia Financial Group Ltd (ASX: SEQ) has acquired the business assets of Clique Paraplanning in cash on an earn out of revenue multiple of approximately 1 times.The purchase consideration consists of a combination of cash $150,000 and shares valued at $60,000. The earn out and final payment (up to $70,000) is payable in…
Mastercard unveils new AI model to fight fraud in real time
Mastercard has announced the launch of a new artificial intelligence (AI) model that can help banks detect and prevent fraud and other financial crimes in real time. The model, called Brighterion, uses a natural language generation (NLG) technique similar to the popular GPT-3 model, which can produce coherent and fluent texts on various topics. Brighterion…
Greenphire acquires Clincierge to offer comprehensive trial support services
Greenphire, a leading innovator in software solutions for streamlining clinical trials, has announced the acquisition of Clincierge, a premier provider of concierge travel and logistics support for patients participating in clinical trials. The deal aims to revolutionize the landscape of trial support services by integrating unparalleled patient care with cutting-edge technology. The acquisition will enhance…
Europe’s intelligent automation market shifts to hyperautomation and GenAI
LONDON: A new research report by Information Services Group (ISG), a leading global technology research and advisory firm, reveals that Europe’s intelligent automation landscape is entering a new phase, driven by enterprise demand for hyperautomation and the emergence of generative AI (GenAI) as a major technology disruptor. Hyperautomation is the ability to drive end-to-end intelligent…