GS Foods Group, Inc., a foodservice partner owned by Highview Capital, LLC and A&M Capital Partners, has acquired Diamond Foods, a regional K-12 food distributor based in New Orleans. The acquisition follows GS Foods’ recent purchase of Lamm Foods and strengthens its presence in the Louisiana market. GS Foods, which has nearly 50 years of…
Front acquires Windsor.io to boost AI innovation for customer service
Front, a customer operations platform, has announced its acquisition of Windsor.io, an AI platform that produces personalized videos for customer communication. The deal aims to enhance Front’s AI capabilities and help its customers deliver exceptional service at scale. Front’s Chief Product Officer, Mohammed Attar, said that the company will integrate AI and automation more deeply…
Ørsted to buy Eversource’s stake in Sunrise Wind project
Ørsted, a Danish renewable energy company, has agreed to acquire Eversource’s 50 percent share of Sunrise Wind, a 924 MW offshore wind farm that would supply power to New York. The deal is contingent on Sunrise Wind winning the New York 4 solicitation for offshore wind capacity, which is expected to be announced soon. Sunrise…
Getlink SE reports all-time high revenue of €1.829 billion in 2023
PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses. The Group reiterates its confidence in its ability to exceed EBITDA of €910 million in…
Publicis Groupe to invest 300 million euros in AI-powered Intelligent System
PARIS, FRANCE: Publicis Groupe, the world’s third-largest advertising and media company, announced its ambitious plan to become the industry’s first AI-powered Intelligent System, after achieving a stellar organic growth of +6.3% in 2023, outperforming its peers for the fourth consecutive year. The group will invest 300 million euros over the next three years to build…
Hexagon Purus opens hydrogen infrastructure and systems manufacturing hub in Weeze, Germany
OSLO, NORWAY: Hexagon Purus, a world leading manufacturer of zero-emission mobility and hydrogen infrastructure solutions, has expanded its primary manufacturing facility in Weeze, Germany for engineering and production of hydrogen infrastructure products including systems for distribution, refueling and stationary storage. Hexagon Purus is ramping up its capacity to meet growing customer demand for hydrogen infrastructure…
CG Oncology goes public with $380 million IPO, Malin’s stake rises in value
LONDON, UK: CG Oncology, a biotechnology company focused on cancer immunotherapy, has launched its initial public offering (IPO) of 20 million shares at $19 per share, raising $380 million in gross proceeds. The company, which is backed by Malin Corporation, a life sciences investment firm, will trade on the Nasdaq Global Select Market under the…
Workspace Group CEO Graham Clemett to retire
LONDON, UK: Workspace Group announced that Graham Clemett, Chief Executive Officer (CEO), has informed the Board of his intention to retire during 2024, once his successor has been appointed and an appropriate handover completed. The search for Graham’s successor will be led by Duncan Owen, Chairman, in consultation with the Nominations Committee. The Company will…
Haleon plc to sell ChapStick brand to Suave Brands Company
LONDON, UK: Haleon plc, a global leader in consumer health, has entered into a binding agreement for the sale of the ChapStick brand to Suave Brands Company, a portfolio company of Yellow Wood Partners. Under the terms of the transaction, Haleon will receive pre-tax cash proceeds of approximately $430 million, as well as a passive…
SkinBioTherapeutics acquires Dermatonics Limited for £2.93 million
LONDON, UK: SkinBioTherapeutics plc (AIM: SBTX) has entered into an agreement to acquire the issued share capital of Dermatonics Limited, a specialist in innovative topical and dermatological products in the skincare/woundcare space. The initial consideration is £1.68 million plus £1.25 million earn-out over three years, in a cash-free and debt-free acquisition. Completion will take place…
Bending Spoons has acquired Meetup
Italian technology company Bending Spoons has completed its acquisition of Meetup, the US-based platform that connects people with common interests. Meetup has over 60 million members worldwide who join groups and events based on their passions. Bending Spoons, which owns popular apps such as Remini, Splice, and Evernote, plans to use its proprietary technologies and…
FleetPartners Group reports strong EPS growth and reaffirms FY24 outlook
SYDNEY, AUSTRALIA: FleetPartners Group Limited (ASX:FPR), a leading provider of fleet management and leasing solutions, has announced its first quarter results for FY24 and reiterated its full year guidance. The Group’s CEO and MD, Damien Berrell, said the company has a clear vision for creating sustainable shareholder value, based on four key drivers: revenue growth,…