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…
Convergint acquires Peace of Mind Technology (POMT) to enter Australian AV market
Convergint, a global leader in service-based systems integration, has announced that it has agreed to acquire Peace of Mind Technology (POMT), a Sydney-based provider of audio-visual, workspace and communications technology solutions. The deal will mark Convergint’s entry into the Australian audio-visual (AV) market and will expand its vertical expertise and service capabilities in the Asia-Pacific…
Scales Corporation partners with Esro to enter European petfood market
AUCKLAND, NZ: Scales Corporation Limited (SCL), a New Zealand-based agribusiness group, has announced that it has acquired a 50% stake in a new petfood ingredient processing operation, Esro Petfood BV, in Europe. The joint venture is formed with Esro Food Group, a global meat processing company with factories in The Netherlands, Belgium and Spain. The…
Contact Energy offers long-term electricity hedge contracts to support decarbonisation
AUCKLAND, NZ: Contact Energy, one of New Zealand’s largest electricity generators and retailers, has announced that it is inviting proposals for up to 50 megawatts of electricity via hedge contracts for a minimum period of five years, starting from 2024. The company said that the open tender is aimed at meeting the growing demand from…
EQR Resources to buy Saloro for $25 million
SYDNEY, AUSTRALIA: EQ Resources Limited (EQR), an Australian company focused on tungsten mining and processing, announced on Tuesday that it has signed a share purchase agreement (SPA) to acquire Saloro S.L.U., a Spanish company that owns and operates the Barruecopardo tungsten mine, for $25 million. The seller is Tungsten Mining JV S.L.U., a portfolio company…
Light & Wonder to acquire SciPlay Corporation in $1.2 billion deal
SYDNEY, AUSTRALIA: Light & Wonder, Inc. (LNW), a leading developer and publisher of social games, has reached an agreement to acquire the remaining public shares of SciPlay Corporation (SCPL), a provider of casual and casino games, for $22.95 per share in cash, valuing the deal at approximately $1.2 billion. The transaction will make SciPlay a…
Barstool Sports founder Dave Portnoy buys back his media brand from Penn Entertainment
David Portnoy, the outspoken founder of Barstool Sports, is once again the owner of his media brand, after buying it back from Penn Entertainment. The value of the deal, which was announced on Tuesday, was not immediately known. Barstool Sports was valued at $606 million in February, when Penn bought the rest of the company…
Essential Construction Equipment Every Site Needs
Having the right construction equipment is essential for any successful building project. From heavy-duty machine tools to safety gear and specialized materials, having the appropriate supplies on hand can be a lifesaver when unexpected obstacles arise or tight deadlines must be met. But with an ever-expanding list of items to choose from, it’s easy to…
The Best Stock Screeners In 2023
Investing in the stock market has become more accessible than ever before, thanks to the advancement of technology and the availability of various online tools. One such tool that has gained immense popularity among investors is the stock screener. Stock screeners are powerful tools that help investors sift through thousands of stocks to find the…