Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…
Air Astana confirms to launch dual listing in London and Kazakhstan
LONDON, UK: Air Astana, Kazakhstan’s flag carrier, has confirmed its plans to go public in a dual listing on the London Stock Exchange (LSE) and the Astana International Exchange (AIX) in February 2024. The airline will also list its shares on the Kazakhstan Stock Exchange (KASE). The initial public offering (IPO) will include both new…
ORIT exits from Spanish solar projects
LONDON: ORIT has elected to terminate its option to acquire 175MW of ready-to-build solar projects in Spain. ORIT originally entered into a conditional acquisition agreement over the sites in 2020, however, having reassessed the projects on a risk-adjusted basis and taking into account the Company’s approach to capital allocation, exiting the option at a value…
Custodian Property Income REIT to acquire abrdn Property Income Trust for £237m
LONDON, UK: Custodian Property Income REIT plc (CREI) and abrdn Property Income Trust Limited (API) have agreed to merge in an all-share deal that values API at £237 million. The merger will be implemented by a Court-approved scheme of arrangement, under which API shareholders will receive 0.78 new CREI shares for each API share they…
CEVA Logistics UK agrees to acquire Wincanton Plc for £566.9 million
LONDON, UK: CEVA Logistics UK Rose Limited, a company controlled by CMA CGM has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Wincanton Plc. The acquisition is intended to be affected by means of a scheme of arrangement. Under the terms, each…
Louis Dreyfus Company signs deal to acquire Namoi Cotton for $0.51 per share
SYDNEY, AUSTRALIA: Namoi Cotton Limited has entered into a Scheme Implementation Agreement (SIA) with Louis Dreyfus Company Asia Pte. Ltd. (LDC) to acquire the remaining 83% of issued shares in Namoi that it does not currently own, by way of a scheme of arrangement. Under the Scheme, Namoi shareholders will receive a total cash consideration…
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS)
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS), a leading provider of payroll services for charter schools in the US. The acquisition will enable School Payroll Services to access Payroll Growth Partners’s state-of-the-art payroll technology, which includes innovative features such as the WageLink App and Early Wage Access (EWA) services. The deal will…
Cool Effect appoints Jodi Manning as new CEO
Cool Effect, a Bay Area-based nonprofit that supports carbon projects around the world, has announced the promotion of Jodi Manning to Chief Executive Officer (CEO), effective immediately. Manning, who joined the organization in 2015, has played a key role in driving its growth, development and impact. Manning has held various positions at Cool Effect, managing…
OpenAI partners with Arizona State University
OpenAI, a leading artificial intelligence research company, has announced its first partnership with a higher education institution, Arizona State University (ASU). ASU will have full access to ChatGPT Enterprise, a business tier of OpenAI’s AI chatbot that includes access to GPT-4, the latest version of its natural language generation model. ASU plans to use ChatGPT…
BankPlus buys Paragon Centre office complex in Ridgeland, Mississippi
BankPlus announced the acquisition of Paragon Centre’, a 14-acre office complex located on Highland Colony Parkway in Ridgeland, Mississippi. Consisting of three Class A office buildings encompassing approximately 150,000 square feet, the property will house bank and mortgage operations along with other support areas and will provide room for growth that is expected to support…
ELIQUENT Life Sciences acquires UK-based RApport Global Strategic Services
ELIQUENT Life Sciences, a global regulatory consulting firm for the life sciences industry, has announced the acquisition of RApport Global Strategic Services, a UK-based firm that helps life science innovators get and keep authorization for their products worldwide. The deal is a major step in ELIQUENT’s international growth and expansion of its European capabilities. It…
Is iPhone really worth it? Why not Samsung?
iPhone and Samsung are the two leading smartphone brands in the world, competing for market share and customer loyalty. But which one offers the best features and performance for your needs and budget? In this article, we will compare and contrast the design, camera, battery, software, security, and customer satisfaction of iPhone and Samsung devices.