Cleafy, a Milan-based company that offers a proactive fraud prevention solution for the digital banking sector, has secured €10 million in a funding round led by United Ventures, a venture capital firm focused on software and digital technology. The investment was made through United Ventures’ UV T-Growth fund, which supports the growth of innovative tech…
Atrato Onsite Energy plc to acquire £77.3m rooftop solar portfolio in the UK
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), a clean energy investment company, has agreed to buy a £77.3m portfolio of rooftop solar assets in the UK. The portfolio consists of 34MW of solar PV systems on residential rooftops, which receive payments from the government’s feed-in-tariff scheme. The portfolio is expected to generate 30GWh of…
Mark FitzPatrick appointed new CEO of St. James’s Place
LONDON, UK: St. James’s Place wealth management business announced the appointment of Mark FitzPatrick to the Board of Directors as Chief Executive Officer designate with effect from 1 October 2023. Mark’s appointment follows an extensive and robust selection process by the Group Nomination and Governance Committee, considering both internal and external candidates. Subject to regulatory…
PHP to acquire Ireland’s first Enhanced Community Care facility for €29.64 million
LONDON, UK: Primary Health Properties plc (LSE: PHP), one of the UK’s leading investors in modern primary healthcare facilities, announced that it has agreed to acquire Ireland’s first Enhanced Community Care (“ECC”) facility at Ballincollig, near Cork, Ireland, for a total consideration of €29.64 million. The property is fully let to the Health Service Executive…
discoverIE Group has acquired 2J Antennas Group for £45 million
LONDON, UK: discoverIE Group announced the acquisition of 2J Antennas Group (2J), a Slovakian-based designer and manufacturer of antennas, for a cash consideration of €52.5m (£45.0m) on a debt free, cash free basis, before expenses, which will be funded from the Group’s existing debt facilities. Founded in 2002, 2J Antennas is a leading designer and…
Longboat Energy expands in SE Asia through the acquisition of Topaz Number One Limited
LONDON, UK: Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, announced the expansion of its business in SE Asia through the acquisition of privately held Topaz Number One Limited (Topaz), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia (Block 2A) to 52.5%. Helge Hammer,…
Aviva plc agrees to sell its 25.9% stake in Singapore Life Holdings for £0.5 billion
LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash at closing. Sumitomo Life will pay consideration of £0.5 billion (SGD 0.9 billion) for Aviva’s…
Treasury4 secures $20M in Series A to boost its enterprise fintech platform
Treasury4, a Spokane-based fintech startup, has raised $20 million in a Series A round led by WestCap, a growth equity firm that focuses on technology sectors. The company, which was founded in 2020, offers a suite of API-enabled software solutions that help CFOs and treasurers gain real-time visibility and insights into their treasury and finance…
Tamnoon raises $5.1M in seed funding to accelerate cloud security remediation
Tamnoon, a San Francisco-based startup that offers a managed service solution for cloud security remediation, announced today that it has secured $5.1 million in seed funding from a group of investors led by Merlin Ventures and Secret Chord Ventures. The company, which was founded by the people who built the first Cloud Security Posture Management…
Lumber, a SaaS platform for SMB construction contractors, lands $5.5M in seed funding
A company called Lumber, which makes a software platform for managing construction workers, has secured $5.5M in Seed funding from various investors. Carbide Ventures led the round, and other backers included Escape Velocity, 8VC, Sure Ventures, Converge VC, and Firsthand Alliance, as well as some individual investors. The company, based in Saratoga, CA, plans to…
SQream raises $45M in Series C to boost its data and analytics acceleration technology
SQream, a company that specializes in data and analytics acceleration, secured $45M in a Series C funding round. The main investor was World Trade Ventures, along with new and existing backers, such as Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, and Freddy & Helen Holdings. The company plans to use the…
BP CEO Bernard Looney quits over lack of transparency on personal relationships
BP’s chief executive Bernard Looney has stepped down from his role after admitting he failed to disclose all of his past personal relationships with company colleagues. The oil giant said it received anonymous allegations in May 2022 about Mr Looney’s conduct and hired external lawyers to investigate. Mr Looney revealed he had a few historical…