Thoma Bravo, a leading private equity firm, has acquired EQS Group AG, a German cloud provider in corporate compliance and ESG reporting, in a take-private deal. Golub Capital, a global credit asset manager, acted as the sole lender on a senior credit facility to finance the transaction. The deal marks Golub Capital’s first take-private financing…
Insights AI: A Game-Changer for Market Research in 2024
A new report by Entropik, a leading Human Insights AI company, reveals that Insights AI is gaining momentum in 2024 and is viewed as a huge opportunity by marketers to reshape the market research industry through hyper-personalization. Insights AI is a set of AI technologies – Emotion AI, Behavior AI, and Generative AI – that…
CTP to transform Stuttgart industrial site into sustainable high-tech park
CTP, a leading European developer and manager of industrial and logistics properties, has acquired a 39,000 sqm industrial and commercial site in Stuttgart from Mahle Behr GmbH & Co. KG, a subsidiary of the automotive supplier Mahle GmbH. The deal is part of a sale and leaseback transaction, as Mahle Behr plans to relocate its…
Valneva SE has sold Priority Review Voucher for €95 million
PARIS, FRANCE: Valneva SE, a company that specializes in vaccines, has sold a PRV (Priority Review Voucher) received from the U.S. FDA (Food and Drug Administration) for €95 million ($103 million). The PRV was given to Valneva in November 20231 after the U.S. FDA approved its chikungunya vaccine, IXCHIQ®, which is the first of its…
Societe Generale to cut 900 jobs at its head office in France
PARIS, FRANCE: Societe Generale is planning to reorganise its French head office to make its operations more efficient and simple. The bank is seeking feedback from its staff representatives on this project, which would help it achieve more savings. The reorganisation, which is expected to be completed by the second quarter of 2024, would lead…
Parkmead Group announces provisional award of three significant new UK offshore blocks
LONDON, UK: Parkmead Group, the independent energy group, has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (“NSTA”) in Tranche 2 of the UK’s 33rd Licensing Round awards. This important award consists of a licence covering Blocks 14/15a, 14/20d and 15/11a situated in the Central North Sea. Parkmead will be…
East Imperial plc forms partnership with Macau’s Galaxy Entertainment Group
LONDON, UK: East Imperial PLC, the global purveyor of super-premium beverages, announced today that an agreement has been reached to supply the prestigious Hong Kong-listed Galaxy Entertainment Group, Macau’s leading hotel and casino operator. Galaxy Entertainment Group (SEHK:27) is listed on the Hong Kong Stock Exchange and has a market capitalisation of approximately US$25bn. Galaxy…
Alliance Pharma appoints Camillo Pane as new Chair
LONDON, UK: Alliance Pharma plc, the international healthcare group, has announced that Camillo Pane will take over as the new Chair of the Board on 19 February 2024, replacing Jo LeCouilliard who led the company’s transition from a Prescription Medicines business to a fast growth Consumer Healthcare company. Camillo Pane has over thirty years’ experience…
Naked Wines appoints Rodrigo Maza as new Group Chief Executive Officer
LONDON, UK: Naked Wines announced the appointment of Group Chief Executive Officer (Designate), Rodrigo Maza. Maza, Naked’s UK Managing Director since September 2023, will work side-by-side with Rowan Gormley, Executive Chairman, over the next several months to ensure a successful transition, after which he will assume the Group CEO role permanently and Rowan will resume…
MA Financial buys Melbourne hotel for $96m, launches new fund
SYDNEY, AUSTRALIA: MA Financial Group, a global alternative asset manager, has purchased a large-scale hotel in Melbourne for $96 million, marking the launch of its new fund that targets the accommodation hotel sector. The hotel, formerly owned by Singaporean real estate group Hiap Hoe Limited, will be operated by TFE Hotels under its Vibe Hotels…
Metcash Limited acquires Superior Food, Bianco Construction Supplies and Alpine Truss
SYDNEY, AUSTRALIA: Metcash Limited, the largest wholesaler and distributor of food to independent businesses in Australia, has announced the acquisition of three businesses that will boost its growth and diversification. The company will buy Superior Food, a leading foodservice distribution business, for up to $412.3m; Bianco Construction Supplies, a construction and industrial supplies business, for…
Red 5 Limited and Silver Lake Resources merge to create a leading gold producer
SYDNEY, AUSTRALIA: Red 5 Limited and Silver Lake Resources Limited have announced a merger deal that will create a diversified and profitable gold producer with operations in Australia and Canada. The merger will be implemented through a scheme of arrangement, under which Red 5 will acquire all the shares in Silver Lake. Silver Lake shareholders…