German luxury shoe brand Birkenstock announced on Tuesday that it plans to go public in the United States. The company, which is known for its comfortable sandals, did not reveal how much money it expects to raise from the offering, but said that its sales increased by 19% to 644.17 million euros ($692.87 million) in…
Pental to sell consumer products business to Selleys for $60 million
SYDNEY, AUSTRALIA: Pental and its wholly owned subsidiary Pental Products entered into binding transaction agreements to sell the assets of the Pental Consumer Products business (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of DuluxGroup (Australia) Pty Limited (Selleys) for a purchase price of $60 million. The Pental Board…
Equinox appoints new CEO with battery and iron ore expertise
SYDNEY, AUSTRALIA: Equinox Resources Limited (ASX: EQN) has announced the appointment of Mr. Zekai (Zac) Komur as its new Chief Executive Officer, effective immediately. Zac is a seasoned leader with over 23 years of experience in the resources sector, working for companies such as BHP, INPEX, Fortescue, and Northvolt. He has expertise in development, project…
Thirona raises €7.5 million for AI-based lung image analysis
Thirona, a Dutch company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), has secured €7.5 million in funding to advance precision medicine and enhance patient care for lung diseases. The funding includes a €5 million investment from two venture capital firms, HERAN Partners and the Borski Fund, both of which…
Cleafy raises €10 million to fight online banking fraud
Cleafy, a Milan-based company that offers a proactive fraud prevention solution for the digital banking sector, has secured €10 million in a funding round led by United Ventures, a venture capital firm focused on software and digital technology. The investment was made through United Ventures’ UV T-Growth fund, which supports the growth of innovative tech…
Atrato Onsite Energy plc to acquire £77.3m rooftop solar portfolio in the UK
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), a clean energy investment company, has agreed to buy a £77.3m portfolio of rooftop solar assets in the UK. The portfolio consists of 34MW of solar PV systems on residential rooftops, which receive payments from the government’s feed-in-tariff scheme. The portfolio is expected to generate 30GWh of…
Mark FitzPatrick appointed new CEO of St. James’s Place
LONDON, UK: St. James’s Place wealth management business announced the appointment of Mark FitzPatrick to the Board of Directors as Chief Executive Officer designate with effect from 1 October 2023. Mark’s appointment follows an extensive and robust selection process by the Group Nomination and Governance Committee, considering both internal and external candidates. Subject to regulatory…
PHP to acquire Ireland’s first Enhanced Community Care facility for €29.64 million
LONDON, UK: Primary Health Properties plc (LSE: PHP), one of the UK’s leading investors in modern primary healthcare facilities, announced that it has agreed to acquire Ireland’s first Enhanced Community Care (“ECC”) facility at Ballincollig, near Cork, Ireland, for a total consideration of €29.64 million. The property is fully let to the Health Service Executive…
discoverIE Group has acquired 2J Antennas Group for £45 million
LONDON, UK: discoverIE Group announced the acquisition of 2J Antennas Group (2J), a Slovakian-based designer and manufacturer of antennas, for a cash consideration of €52.5m (£45.0m) on a debt free, cash free basis, before expenses, which will be funded from the Group’s existing debt facilities. Founded in 2002, 2J Antennas is a leading designer and…
Longboat Energy expands in SE Asia through the acquisition of Topaz Number One Limited
LONDON, UK: Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, announced the expansion of its business in SE Asia through the acquisition of privately held Topaz Number One Limited (Topaz), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia (Block 2A) to 52.5%. Helge Hammer,…
Aviva plc agrees to sell its 25.9% stake in Singapore Life Holdings for £0.5 billion
LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash at closing. Sumitomo Life will pay consideration of £0.5 billion (SGD 0.9 billion) for Aviva’s…
Treasury4 secures $20M in Series A to boost its enterprise fintech platform
Treasury4, a Spokane-based fintech startup, has raised $20 million in a Series A round led by WestCap, a growth equity firm that focuses on technology sectors. The company, which was founded in 2020, offers a suite of API-enabled software solutions that help CFOs and treasurers gain real-time visibility and insights into their treasury and finance…