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…
Perseus Mining to make cash offer for OreCorp at 4% premium over Silvercorp
SYDNEY: Perseus Mining Limited has announced its intention to make an off-market takeover offer for all the shares in OreCorp Limited that it does not already own, for A$0.55 per share in cash. The offer values OreCorp at a 4% premium over the implied value of a rival offer by Silvercorp Metals Inc, which was…
Manchester United appoints Omar Berrada as new CEO
Manchester United, one of the world’s most popular and successful sports teams, has announced that Omar Berrada will be its new Chief Executive Officer. Berrada, who is currently the Chief Football Operations Officer for City Football Group, will join the club with a mission to restore its glory on the pitch. The club said that…
Tabuk Agricultural Development Company appoints new CEO; unveils 2024-2030 strategy
RIYADH: Tabuk Agricultural Development Company has announced the appointment of Eng. Yahya Ahmed Mubaraki as CEO of the company, effective 1st April 2024 AD. Engineer Yahya Ahmed Mubaraki is one of the distinguished young Saudi talents. He holds a Bachelor’s degree in agricultural sciences from the College of Agriculture, King Saud University. He has extensive…
Casper Sleep Inc. names Joe Megibow as new CEO
Casper Sleep Inc., the award-winning sleep company, announced today that Joe Megibow will be its new CEO, effective immediately. Megibow will replace Emilie Arel, who will assist in the transition until March 1, 2024. Megibow is a veteran of the retail and technology sectors, having led Purple, Bright Cellars, American Eagle, and Expedia.com to success….