Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, announced on Wednesday that it has agreed to acquire Lee Supply Company Inc. (Lee Supply), a leading specialty distributor and fabricator of high-density polyethylene (HDPE) pipe and other related services. Lee Supply, established in 1954, is a trusted supplier…
MCCi has acquired GovBuilt
FLORIDA: MCCi, a prominent business process automation company and a Century Park Capital Partners portfolio company, has successfully acquired GovBuilt. This acquisition aims to elevate citizen experiences through a unified, low-code/no-code case management platform designed explicitly for government agencies. The acquisition of GovBuilt comes hot on the heels of MCCi’s recent accolade as a GovTech100…
IMF and Pakistan Reach Agreement on First Review of Stand-By Arrangement, Unlocking Access to $700 Million
ISLAMABAD: The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Stand-By Arrangement (SBA). The agreement, subject to approval by the IMF’s Executive Board, will grant Pakistan access to SDR 528 million (approximately US$700 million). Led by Nathan Porter, an IMF team visited Islamabad from November…
Silver Bullet Data Services Group launches AI powered insights platform
LONDON: Silverbullet, a provider of digital transformation services and products, announced the launch of its 4D AI Powered Insights Platform based on the accumulated knowledge and client feedback from more than 100 campaigns in FY23. The 4D AI Insights Platform leverages AI models to combine proprietary 4D contextual intelligence with client first party data to…
Reckitt Chair Chris Sinclair will retire and step down
LONDON, UK: Reckitt Benckiser Group plc (Reckitt), a leading consumer health and hygiene company, has announced that its Chair, Chris Sinclair, will retire and step down from the Board after completing his full nine-year term. Sinclair will be succeeded by Sir Jeremy Darroch, the current Senior Independent Non-Executive Director, at the end of the Company’s…
Insig AI offloads subsidiaries, Sport in Schools and The Elms Group
LONDON, UK: Insig AI plc (AIM: INSG), the data science and machine learning group, announced the disposal of its legacy subsidiaries, Sport in Schools Limited and The Elms Group Limited for a total consideration of £500,000, as well as a new project win. On 14 November 2023, the company’s 85.87% owned subsidiary, Pantheon Leisure plc,…
Apax Global Alpha makes investment in Petvisor
LONDON, UK: Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it has invested approximately €3.2m in Petvisor on a look-through basis. On 14th November 2023, the Apax Digital Fund II (“ADF II”), in which AGA is a limited partner, announced that it had invested in…
Schroders Capital makes investment in AI company
LONDON, UK: Schroders Capital Global Innovation Trust has made an investment of $2.0 million (£1.7 million) into an early leader in an emerging segment of artificial intelligence (AI) software. The Company invested through its co-investment partner, MMC Ventures, via a single asset fund, MMC SPV 3 LP. Tim Creed, Lead Portfolio Manager, and Harry Raikes,…
Watkin Jones Plc appoints as Alex Pease as Chief Executive Officer
LONDON, UK: Watkin Jones announced the appointment of Alex Pease as Chief Executive Officer (CEO’ with immediate effect. Alex Pease joined Watkin Jones in 2010 and took on the role of Group Investment Director in 2013. He was appointed Chief Investment Officer in 2021 and joined the Board in 2022. Since 19 July 2023, Alex…
Regis Healthcare expands aged care portfolio with acquisition of CPSM Pty Ltd
SYDNEY, Regis Healthcare has finalized a binding agreement to acquire the entirety of CPSM Pty Ltd (CPSM). This strategic acquisition encompasses five premium residential aged care homes strategically located in South-East Queensland, comprising 644 beds, with four facilities in Brisbane and one on the Gold Coast. The acquisition also encompasses a dedicated workforce of 800…
GrainCorp signs deal to acquire XF Australia for A$35 million
SYDNEY, AUSTRALIA: GrainCorp Limited (ASX: GNC) has entered into a binding share sale agreement to acquire 100% of the shares on issue in XF Australia Pty Ltd (XFA) for a purchase price of A$35m million. XF Australia (XFA) is a provider of feed supplement products and nutritional consulting services to Australia’s feedlot and grazing sector….
PharmX Technologies appoints Tom Culver as new CEO
SYDNEY, AUSTRALIA: PharmX Technologies Limited (ASX: PHX) has officially named Tom Culver as its CEO effective from 20 November 2023, as announced by the company’s Board. Culver brings to PharmX a wealth of experience gained from leading innovative technology companies, where he successfully drove sales and implemented growth strategies over his 20-year career. His diverse…