Ascend Capital Partners, a healthcare focused private equity partnership, has announced that it has acquired a majority stake in Seoul Medical Group (SMG), one of the country’s leading physician-run Independent Physician Associations (IPA) dedicated to providing both high-quality clinical and non-clinical healthcare services to patients. Terms of the transaction were not disclosed. SMG is the…
Armada Materials launches with Kelso backing, and acquires Volunteer
Armada Materials, LLC, a new infrastructure materials and services company, has announced its formation and its first acquisition. The company was founded by Rob Duke, a veteran of the construction materials industry, along with a group of investors including Kelso & Company, L.P., a middle-market buyout private equity firm. Armada has acquired Volunteer Materials and…
Kezar Life Sciences announces restructuring and leadership changes
Kezar Life Sciences, Inc. (KZR), a biotech company developing treatments for immune-mediated and oncologic disorders, has launched a restructuring program to focus on its clinical-stage programs and extend its cash runway into late 2026. The company expects to achieve important data readouts for its lead candidates zetomipzomib and KZR-261 in lupus nephritis, autoimmune hepatitis and…
IMG acquires Securely customers and reports strong performance
SYDNEY, AUSTRALIA: Intelligent Monitoring Group Limited (IMG), Australasia’s largest security and fire monitoring business, has announced the acquisition of about 3,100 security customers from Securely, a subsidiary of Electra Group. The deal was made at a record low price of $NZ290 per customer and is expected to boost IMG’s earnings as the customers are transitioned…
Galan acquires lithium projects in Canada
Galan Lithium Limited (ASX:GLN) has announced that it has entered into a joint venture agreement with Redstone Resources Limited (ASX:RDS) to acquire 100% of three lithium projects in the James Bay region of Quebec, Canada. The projects are located near the recent discovery of high-grade lithium pegmatites by Patriot Battery Metals Inc (TSX.V:PMET). The James…
Marley Spoon appoints new COO and extends CEO’s contract
Melbourne, Australia: Marley Spoon, a global leader in subscription-based meal kits, has announced the appointment of Daniel Raab as its new Chief Operating Officer (COO) and the extension of Fabian Siegel’s contract as Chairman of the Management Board and Chief Executive Officer (CEO) until 2028. Raab has extensive experience in e-commerce, retail and distribution, having…
Why Lawyers Are the First Line of Defense Against Corporate Fraud
Corporate fraud represents a serious threat to the stability and integrity of any organization. These fraudulent behaviors can range from embezzlement of funds, and manipulation of financial data, to intricate Ponzi schemes. The fallout of such activities is often widespread, affecting not just the companies involved but also shareholders, employees, and the wider economy. Over…
WANdisco plc rebrands as Cirata plc
LONDON, UK: WANdisco plc (LSE: WAND) has rebranded as Cirata plc. It is anticipated that from 5 October 2023 (or as soon as possible thereafter), the Company’s shares will be trading under the ticker CRTA. A separate notification will be issued to confirm the date of ticker change. The ISIN will remain unchanged. As announced…
Landore Resources Canada to sell its interest in lithium claim blocks to GT1
LONDON, UK: Landore Resources Canada Inc. has executed a sale and purchase agreement to dispose of its 100 per cent interest in certain tenements which contain Lithium prospects, located within the Junior Lake Project to ASX-listed Green Technology Metals Limited (GT1). On 6 March 2023, Landore Resources announced that Landore Canada had entered into an…
Kibo Energy signs deal to sell its remaining 35% shares in Kibo Botswana
LONDON, UK: Kibo Energy, the renewable energy-focused development company, announced that pursuant to the company’s declared strategy to divest of all its coal assets, Kibo has entered into a definitive share sale agreement with Shumba Energy (Pty) Ltd for the sale of the company’s remaining 35% equity holding in Kibo Energy Botswana in which Kibo…
India’s Reliance buys Superdry’s intellectual property assets for £40 million
LONDON, UK: Superdry plc has signed an IP joint venture agreement with Reliance Brands Holding UK Ltd (RBUK), and agreements for the sale of Superdry’s intellectual property assets, including the SUPERDRY brand and related trademarks in India, Sri Lanka, and Bangladesh to the joint venture vehicle. RBUK and Superdry will own 76% and 24% of…
Henderson High Income Trust agree to takeover Henderson Diversified Income Trust
LONDON, UK: The Board of Henderson High Income Trust plc (HHI) has agreed heads of terms with the Board of Henderson Diversified Income Trust plc (HDIV) in respect of a proposed combination of HDIV with HHI. The combination, if approved by each company’s shareholders, will be effected by way of a scheme of reconstruction and…