A consortium of buyers led by Dazheng Group Acquisition Limited has issued a statement urging the shareholders of Hollysys Automation Technologies Ltd. to reject the offer from Ascendent Capital Partners and accept its superior offer of US$29.50 per share. The consortium claims that its offer provides an 11.3% premium to Ascendent’s offer and has more…
What are the Best Phones in 2024? Here’s Our List of the Top 10
People have different preferences and expectations when it comes to choosing a mobile phone. However, here are some of the common factors that people consider important and delightful in a mobile phone: Build quality: The durability and design of a phone, whether it is made of metal, plastic, or glass, and how well it can…
Descon and IFC join hands to reduce postharvest losses in Pakistan
KARACHI: Descon, a leading industrial conglomerate, and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Understanding (MoU) to address the postharvest losses of wheat, rice, and maize in Pakistan. The strategic alliance aims to save around USD 2 billion worth of essential grains that are lost…
HgCapital Trust plc invests in European insurance broker GGW Group
LONDON, UK: HgCapital Trust plc (HGT), a listed investment trust managed by Hg, has announced its participation in the next growth stage of GGW Group, one of Europe’s leading insurance brokers for small and medium-sized businesses. The deal, which is subject to regulatory approvals and expected to close in Q2 2024, follows an option for…
Apax Global Alpha Limited has acquired WGSN
LONDON, UK: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, has invested approximately €21.5m in WGSN on a look-through basis. On 1st February 2024, the Apax XI Fund, in which AGA is a limited partner, announced that it had closed the acquisition of WGSN, a leading…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
The Azur Selection acquires three hotels in Cannes, France
PARIS: The Azur Selection, a leading Greek hotel company, has announced its entry into the French market by acquiring three prestigious hotels in Cannes from Hôtels Du Groupe Boucau. The deal, financed by a bank loan, reflects the company’s ambition to expand beyond Greece and offer unparalleled experiences to its guests. Mr. Georges Arvanitakis, Chairman…
BIZLINX.ai: A New Way to Buy and Sell Franchises
A new online platform, BIZLINX.ai, aims to revolutionize the franchising industry by using artificial intelligence to match buyers and sellers of franchises. The platform, founded by franchise expert Sarah Moudry, offers a low-cost, transparent, and efficient alternative to traditional brokers and sales representatives. BIZLINX.ai allows sellers to list their franchises for a yearly fee of…
MedImpact Healthcare acquires Elixir Solutions
MedImpact Healthcare Systems, Inc., the nation’s largest independent health solutions, technology, and pharmacy benefit management (PBM) provider, announced today that it has acquired Elixir Solutions, a leading PBM company. The acquisition is part of MedImpact’s reinvestment strategy and aims to enhance its clinical, technology, health risk management, and consumer empowerment capabilities. Fred Howe, MedImpact Chairman…
Domrex Pharma, a Canadian medical supplies company, expands into the US
Domrex Pharma Inc., a leading manufacturer and distributor of medical supplies in Canada, has announced the establishment of its US subsidiary, Domrex Pharma USA Inc., based in Florida.The company aims to simplify the purchasing process of medical devices for healthcare professionals and patients, and to offer a wide range of products, including specialized diabetes care…
Alliance Aviation Services appoints Stewart Tully as new CEO
SYDNEY, AUSTRALIA: Alliance Aviation Services Limited (ASX: AQZ) has announced that Mr Stewart Tully will become the new Chief Executive Officer of the Group from 1st March 2024. Stewart Tully, who has 34 years of aviation experience, is currently the Chief Operating Officer of the Company and has been working with Alliance since 2015. The…
Sequoia Financial Group has acquired Clique Paraplanning
SYDNEY, AUSTRALIA: Sequoia Financial Group Ltd (ASX: SEQ) has acquired the business assets of Clique Paraplanning in cash on an earn out of revenue multiple of approximately 1 times.The purchase consideration consists of a combination of cash $150,000 and shares valued at $60,000. The earn out and final payment (up to $70,000) is payable in…