LONDON: Syncona Ltd, a leading life science investor, announced Monday that its portfolio company, Achilles Therapeutics plc, has recommended a members’ solvent voluntary liquidation to return capital to shareholders. The decision follows a review by the Achilles Board, which determined the move to be in the best interests of the company and its shareholders. Achilles…
Speed Fibre DAC to acquire wholesale and enterprise business of BT Ireland for €22 million
LONDON: Cordiant Digital’s portfolio company, Speed Fibre DAC has entered into a put and call agreement to acquire the entire issued share capital of BT Communications Ireland Limited (BTCIL), the wholesale and enterprise business unit of BT Ireland, for an enterprise value of €22 million. The acquisition is expected to enhance Speed Fibre’s ability to deliver advanced…
Bending Spoons completes acquisition of Brightcove Inc for $233 million
BOSTON: Bending Spoons, an Italy-based technology company, has finalized its acquisition of U.S.-based streaming technology firm Brightcove Inc. (NASDAQ: BCOV) in an all-cash transaction valued at approximately $233 million, or $4.45 per share. The definitive acquisition agreement was signed in November 2024. Luca Ferrari, CEO and co-founder of Bending Spoons, expressed enthusiasm about the acquisition. “It’s with…
Westpac appoints Paul Fowler as Chief Executive, Business & Wealth
SYDNEY: Westpac Group has appointed Paul Fowler to the position of Chief Executive, Business & Wealth. Paul Fowler is an experienced leader in financial services with a career spanning more than 20 years in business and institutional banking, corporate finance and wealth management. He joins Westpac from the Commonwealth Bank of Australia, where he is Executive General…
DeepSeek’s affordable AI models revolutionize industry in $6 million feat
DeepSeek, a Chinese AI company, has recently developed new AI models that have significantly impacted global companies’ profits. The company managed to build these models for just $6 million, a fraction of the usual cost, and has decided to release the technology for free. This move has disrupted the industry by drastically reducing the ongoing costs of…
Spanish Ministry initiates consultation for new gas wells at El Romeral
MADRID: The Spanish Ministry for the Ecological Transition and the Demographic Challenge has initiated the Statutory Consultation of the Environmental Impact Assessment (EIA) for an application to drill five new natural gas wells at the El Romeral production concessions, owned by Tarba Energía S.L. The confirmation was received on January 24, 2025. Prospex Energy plc…
Sirius to acquire Reinsberg business park in Germany for €20.4 million
LONDON: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has notarised the acquisition of a business park in Reinsberg in Saxony, Germany, for €20.4 million. The Reinsberg acquisition is 75% occupied, the majority of which is under a…
Vodafone commences €480 million share buyback program
LONDON: Vodafone Group Plc announced today the initiation of a share repurchase program worth up to €480 million. The program will involve the repurchase of ordinary shares, priced at US$0.20 each, on the London Stock Exchange and other trading platforms. The company has instructed Goldman Sachs International (GSI) to conduct the purchases from February 4,…
Getech announces sale of Nicholson House Headquarters
LONDON: Getech, a world-leading locator of subsurface resources, has announced the sale of its headquarters building, Nicholson House, for £725,000. The sale includes a non-refundable deposit of £72,500, with the completion of the transaction set for February 27, 2025. The company plans to use a portion of the net proceeds to repay its bridge loan…
FirstGroup plc has acquired Matthews Coach Hire Limited
LONDON: FirstGroup plc has acquired Matthews Coach Hire Limited, an independent, family-owned coach and bus operator in Ireland, founded in 1995. With a fleet of more than 40 vehicles that includes two newly-acquired electric coaches the business is built around the operation of six licensed, commercial routes between two key and rapidly growing commuter towns,…
AustChina to acquire Penwortham Exploration Pty Ltd
MELBOURNE: AustChina Holdings Limited has announced a binding agreement to acquire Penwortham Exploration Pty Ltd (PEN), securing a significant portfolio of gold-antimony and base metals exploration assets in north-west Tasmania. The agreement highlights two prominent projects: the high-grade Sulphide Creek Gold-Antimony Project and the Mersey VMS Base Metals, including copper and gold. Both projects are…
MFF Capital Investments Limited has acquired Montaka Global Investments Limited
SYDNEY: In a significant development, Montaka Global Investments Limited (Montaka) has announced its acquisition by MFF Capital Investments Limited (MFF Capital). This acquisition marks a major milestone in Montaka’s journey as it embarks on a new chapter with MFF Capital. Montaka has been recognized for its exceptional performance and commitment to delivering outstanding outcomes for…