BUFFALO: Seedbrite Ventures, a leader in venture collaboration, has launched Seedcraft, a platform that allows small and mid-sized Registered Investment Advisors (RIAs) to co-create their own funds with top-tier early-stage venture managers. Seedcraft aims to democratize venture capital access for RIAs and their clients, by enabling them to design and present customized venture portfolios with…
Tokens.com launches Woolen Warfare, a branded game for Polysleep in Fortnite
TORONTO: Tokens.com Corp., a technology company that connects brands and consumers in 3D internet environments, has launched a custom game for Polysleep, a Canadian sleep technology company, in the popular Fortnite game platform. The game, called Woolen Warfare, is a competitive multiplayer game that showcases Polysleep’s brand identity and promotes healthy sleep habits. Woolen Warfare…
Mitsubishi Electric injects $500 million in SiC power device spin-off from Coherent
TOKYO: Mitsubishi Electric Corporation (TOKYO: 6503) announced a USD 500 million (approx. 75 billion yen) investment in a new SiC power device business that will be spun off from Coherent Corp. (NYSE: COHR), its SiC substrate supplier. The aim is to grow its SiC power device business by enhancing its vertical integration with Coherent. SiC…
Activision Blizzard expects to bring its titles to Xbox Game Pass as early as 2024
LONDON: Activision Blizzard has announced that it expects to bring its titles to Xbox Game Pass as early as 2024. This news comes after Microsoft’s prediction that it will close its $69 billion acquisition of Activision Blizzard within the next week. Activision Blizzard has stated that it does not have plans to put Modern Warfare…
Statkraft CEO Christian Rynning-Tønnesen to step down after 14 years
OSLO, NORWAY: Christian Rynning-Tønnesen, the President and CEO of Statkraft AS, has announced his decision to resign from his position after leading the company for nearly 14 years. Statkraft AS is Europe’s largest producer of renewable energy and a global player in the energy markets. The Board of Directors will start a process to find…
Pension SuperFund Capital offers to acquire STM Group for upto £39.8 million
LONDON, UK: Pension SuperFund Capital’s Jambo SRC Limited has reached an agreement on the terms of a recommended offer to acquire the entire issued and to be issued ordinary share capital of STM Group Plc at the rate of 60 pence per share in cash. Jambo SRC Limited is an English private company limited by…
Speedy Hire Plc acquires Green Power Hire Limited (GPH) for £20.2 million
LONDON, UK: Speedy Hire Plc, the UK and Ireland’s leading provider of tools, specialist equipment and services, announced the acquisition of the entire issued share capital of sustainable power solutions specialist, Green Power Hire Limited (GPH), for an enterprise value of £20.2 million. The total consideration, which was funded from the Company’s existing debt facilities,…
B.P. Marsh sells stake in Kentro Capital for £51.5m and declares special dividend
LONDON, UK: B.P. Marsh & Partners Plc, a venture capital investor in financial services businesses, has completed the sale of its 18.38% stake in Kentro Capital Limited, a specialist insurance intermediary, to Brown & Brown, Inc, a US insurance broker, for £51.5m. The company had announced the deal on 23 May 2023. The company plans…
Critical Metals to acquire DRC copper-cobalt plant for US$8 million
LONDON, UK: Critical Metals plc, a mining investment company, has announced its intention to acquire a hydrometallurgical plant in the Democratic Republic of the Congo (DRC) that can produce copper cathode and cobalt hydroxide. The plant, known as the Kastro Plant, is located in Lubumbashi and has a feed capacity of 12,000 tonnes per month…
Kelso Group Holdings acquires 1.0 million shares at an average price of 108p in NCC
LONDON, UK: Kelso Group Holdings, the main market listed investment company, has made an investment in NCC (LSE:NCC), having purchased 1.0 million ordinary shares at an average price of 108p, representing 0.3% of the issued share capital of NCC. NCC is a London listed company, with a market capitalisation of £347 million, with two divisions,…
San Leon Energy secures $187m investment from TRAM and becomes majority shareholder in ELI
LONDON, UK: San Leon Energy, a Nigerian-focused oil and gas company, has announced a US$187m investment from Tri Ri Asset Management Corp. (TRAM), a global investment firm. The deal includes a US$125m loan, a US$16m share subscription, and a potential US$46m warrant exercise. San Leon will use the proceeds of the investment to increase its…
Coro Energy signs 50MW solar power MoU with Mobile World Investment Corporation
LONDON, UK: Coro Energy PLC, the South East Asian energy company with a natural gas and clean energy portfolio, has signed a Memorandum of Understanding (MoU) with Mobile World Investment Corporation in Vietnam to install rooftop solar systems across their Vietnamese portfolio. Mobile World Investment Corporation is a white goods and consumer electronics retailer company…