Xiaomi, the Chinese smartphone maker, is set to unveil its latest foldable smartphone, the Mi Mix Fold 3, on August 14 in China. The company’s CEO, Lei Jun, confirmed the launch date and shared some official images of the device on Weibo, a social media platform formerly known as Twitter. The Mi Mix Fold 3…
Capita Plc agrees to sell its travel businesses to Clarity Travel Ltd for £36.5 million
LONDON, UK: Capita plc has agreed to sell its travel and events businesses Agiito and Evolvi to Clarity Travel Ltd for an enterprise value of £36.5m on a cash free, debt free basis. Taking into account the working capital and debt liabilities that Clarity is assuming as part of the transaction, Capita expects to receive…
Savills appoints Stacey Cartwright as new Chair
LONDON, UK: Savills plc, the international real estate advisor, has announced that Stacey Cartwright will take over as Chair of the company from Nicholas Ferguson, who will retire from the Board at the end of 2023. Stacey Cartwright has been a non-executive director of Savills since 2018, and Senior Independent Director since 2021. She has…
Galileo Resources confirms lithium discovery at Kamativi Project in Zimbabwe
LONDON, UK: Galileo Resources plc, a UK-based exploration and development company, has announced that it has confirmed the presence of lithium mineralisation over a significant width in the first hole drilled at the Kamativi Project in Zimbabwe. The project is located on the Kamativi Belt, adjacent to the historic Kamativi tin-tantalum mine, which also contains…
Capital & Regional acquires Edinburgh shopping centre for £40 million
LONDON, UK: Capital & Regional, a UK focused REIT that owns and manages a portfolio of in-town community shopping centres, has announced that it has agreed to buy The Gyle Shopping Centre in Edinburgh for £40 million, excluding acquisition costs. The Gyle Shopping Centre is a dual supermarket anchored community centre located in the south…
Exchange rates for GBP against major currencies on August 10, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1582 Pounds to Euros GBP-USD 1.2722 Pounds to Dollars GBP-NZD 2.0988 Pounds to New Zealand Dollars GBP-AUD 1.9442 Pounds to Australian…
Epassi Group sells majority stake to TA Associates and Warburg Pincus
Epassi Group, a Nordic leader in digital employee benefits payments, has sold a majority stake to two global private equity firms, TA Associates and Warburg Pincus, for an undisclosed amount. The deal will support Epassi’s vision to become the leading digital, pan-European employee benefits provider. Epassi, founded in 2007, offers a range of employee benefits…
Amyris files for bankruptcy, plans to sell consumer brands
Amyris, a biotech firm that produces sustainable ingredients for various industries, has filed for Chapter 11 bankruptcy protection in the U.S. court. The company said it intends to sell its consumer brands, such as Biossance and Pipette, to improve its liquidity position. The company has secured a $190 million financing commitment from its lenders to…
STG acquires media editing software maker Avid Technology for $1.4 billion
Symphony Technology Group (STG), a private equity firm that invests in technology companies, has agreed to buy Avid Technology Inc, a leading provider of media editing software and hardware, for about $1.4 billion, including debt. The deal, which was announced on Wednesday, will give Avid shareholders $27.05 per share in cash, a 32% premium to…
Carmell Corporation completes merger with Axolotl Biologix
Carmell Corporation (CTCX), a regenerative care company, has announced the successful completion of its merger with Axolotl Biologix, a profitable regenerative medicine company based in Flagstaff, Arizona. The deal will combine the expertise and products of both companies to offer innovative solutions for active soft tissue repair, aesthetics and orthopedic indications. The merger consideration consists…
Fleyshman joins ASPIRE Tour as equity partner
Entrepreneur and philanthropist Dan Fleyshman has acquired an equity stake in ASPIRE Tour, a live events business that offers insights and tools to entrepreneurs from celebrities, athletes and business moguls. Fleyshman will run the “Collective Influence” group with ASPIRE founders Andrew Cordle and Eddie Wilson, and Elevator Studio’s CEO Joey Carson. ASPIRE Tour has a…
TYLin acquires AEC to boost its structural engineering capabilities in Texas
TYLin, a global leader in service-based infrastructure consulting, has announced that it has acquired Architectural Engineers Collaborative (AEC), a leading structural engineering firm based in Austin, Texas. The deal will enhance TYLin’s structural capabilities and deepen its presence in the buildings and infrastructure sectors in the important Texas market. AEC, founded in 1998, specializes in…