COPENHAGEN, DENMARK: Napatech A/S announced the appointment of Lars Boilesen as Chief Executive Officer (CEO) of the Company effective immediately. “We are very pleased to announce Lars Boilesen as the new CEO of Napatech. He brings a wealth of industry experience and track record from listed companies and has served as chairman of Napatech for…
FDJ Group to buy Kindred for €2.6 billion, creating a European gaming giant
PARIS, FRANCE: French gaming operator FDJ has launched a tender offer to acquire all the shares of Kindred, one of Europe’s leading online betting and gaming companies, for SEK 130 per share. This offer, which is backed by Kindred’s Board of Directors and five major shareholders, values Kindred at €2.6 billion and represents a 24%…
Abivax outlines 2024 goals for obefazimod, a novel oral drug for inflammatory diseases
Abivax SA, a French biotech company listed on Euronext Paris and Nasdaq, is developing a new class of drugs that target the body’s own immune regulators to treat chronic inflammatory diseases. The company’s lead candidate, obefazimod, is in late-stage clinical trials for ulcerative colitis (UC), a type of inflammatory bowel disease (IBD) that affects the…
Crédit Agricole acquires 7% stake in Worldline S.A. as part of strategic partnership
PARIS, FRANCE: Crédit Agricole S.A., the leading French bank, announced today that it has acquired a 7% minority stake in Worldline S.A., the European leader in the payment and transactional services industry. The investment is valued at approximately €1.4 billion, based on Worldline’s closing share price on Friday. The acquisition is part of a strategic…
TAQA sells its stake in Atrush oil field to General Exploration Partners
ABU DHABI: Abu Dhabi National Energy Company PJSC (TAQA), via its fully-owned unit TAQA International BV, has signed final deals with General Exploration Partners Inc. (GEP) to divest its entire share in the Atrush oil field in the Kurdistan Region of Iraq. Kurdistan Regional Government (KRG): The KRG holds a 25% interest in the Atrush…
RTW BIO completes investment in Arix Bioscience ahead of merger
LONDON, UK: RTW BIO, a biopharmaceutical and medical technology investment company, has completed its investment in Arix Bioscience, a life sciences venture capital firm, ahead of their planned merger. RTW BIO has acquired a 25.5% stake in Arix from Acacia Research Corporation for US$57 million, or £1.37 per share, and has committed to vote in…
Brickability Group has acquired Topek Southern Limited for £48m
LONDON, UK: Brickability Group (AIM: BRCK) has completed the acquisition of Topek Southern Limited (TSL) for a consideration of up to £48m through the acquisition of the entire issued share capital, business and operations of TSL Assets Limited. Established in 2009, Hampshire-based TSL delivers façade systems, fire remediation, roofing, and curtain wall solutions for both…
Argus Media acquires Hg’s stake in strategic deal
LONDON, UK: Argus Media, the global leader in energy and commodity intelligence, has announced a strategic deal to buy out Hg’s stake in the company. Hg, the manager of HgCapital Trust plc, had invested in Argus in 2016 and will now exit with a 7% uplift over its carrying value. The deal will make Argus’…
SmartSpace Software Plc may be acquired by Sign In Solutions Inc
LONDON, UK: SmartSpace Software Plc, a company that provides software for smart buildings and commercial spaces, has received a possible cash offer from Sign In Solutions Inc. (SIS), a company backed by PSG Equity L.L.C. The offer is for 90 pence per share, which the SmartSpace board is willing to recommend to shareholders, subject to…
eEnergy Group to sell its energy management division to Flogas Britain
LONDON, UK: eEnergy Group (AIM: EAAS), the net zero digital energy services provider, has entered into an agreement to sell the company’s wholly owned energy management division to Flogas Britain Limited for initial consideration of £29.1 million, and additional contingent consideration based on the trading performance of the Energy Management Division for the period to…
SolarEdge to cut 900 jobs amid market slowdown
SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, announced today a restructuring plan that will affect 16% of its workforce, or about 900 employees. The plan aims to reduce operating expenses and adapt to the current market dynamics. The company has already taken steps to adjust to the market conditions, such…
PUMA and Tencent join hands for digital transformation in sportswear industry
PUMA, the global sports brand, has signed a strategic partnership with Tencent, the Chinese internet giant, for the 2024 GGP (GMV Growth Plan). The two companies will work together to improve the quality and efficiency of consumer services, enhance the brand-consumer relationship, and drive long-term growth in the Chinese market. The partnership will leverage Tencent’s…