Nestle, the Swiss food giant, will acquire a majority stake in Grupo CRM, a Brazilian premium chocolate company, from private equity firm Advent International, Brazil Journal reported. The deal, which is expected to be completed in 2024, will allow Nestle to expand its presence in the luxury chocolate segment, where it currently has a limited…
Morgan Stanley to launch AI chatbot for wealthy clients
Morgan Stanley is set to launch a generative artificial intelligence chatbot this month, in partnership with OpenAI, the makers of ChatGPT. The chatbot will listen to the conversations between the bank’s financial advisers and their wealthy clients, and provide various services such as meeting summaries, follow-up emails, database updates, and financial management tips. The chatbot…
Pantheon Infrastructure to invest £35 million in electric vehicle fleet specialist Zenobe
LONDON, UK: Pantheon Infrastructure PLC has committed to invest approximately £35 million in battery storage and electric vehicle fleet specialist Zenobe, through a co-investment vehicle managed by Infracapital, a leading European infrastructure investor that has raised and managed over £7bn in assets. Zenobe provides essential infrastructure that contributes to international power and transport sector decarbonisation…
Staple Street Capital joins forces with Wilkins Family to acquire Delaware Valley Floral Group
Private equity firm Staple Street Capital (SSC) has announced a partnership with members of the Wilkins family to acquire Delaware Valley Floral Group (DVFG). DVFG, headquartered in Sewell, NJ, is a major supplier of fresh cut flowers and floral supplies in the Northeast and Mid-Atlantic regions. Founded in 1959 by the Wilkins family and now…
Align Technology to acquire Cubicure Gmbh, pioneering 3D printing innovator
Align Technology, Inc. (Nasdaq: ALGN) has announced a definitive agreement to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing. Cubicure is known for its innovative materials, equipment, and processes in the field. The company’s patented Hot Lithography technology allows the processing of highly viscous resins to create tough and…
Crescent Energy expands Western Eagle Ford position with $250 million acquisition
Crescent Energy Company (NYSE: CRGY) announced today that it will buy more working interest in its Western Eagle Ford assets for $250 million in cash. This deal comes after the company acquired the operatorship of the same assets for $600 million in July 2023. The acquisition will increase Crescent’s production, cash flow and reserves, as…
Alchemy acquires numobile to offer device subscription and financing services
MELBOURNE, AUSTRALIA: Alchemy, a global leader in the circular technology market, has announced that it has acquired numobile, an Australian fintech company that offers mobile device subscription and financing services. The deal will enable Alchemy to expand its range of innovative services for the circular technology market, and to provide refreshed devices through subscription plans…
deskbird raises $13M Series A to scale its SaaS workplace management platform
deskbird, a Swiss company that provides a Software-as-a-service (SaaS) platform for workplace management, has secured $13 million in a Series A funding round. The round was led by ALSTIN Capital and AVP (AXA Venture Partners), two venture capital firms that focus on investing in high-growth technology companies in Europe and the US. The round also…
Atomico leads $10.8M Series A for Strise, an AI-powered AML intelligence software
Strise, a Norwegian company that uses AI to help banks and fintechs fight financial crime, has secured $10.8 million in a Series A funding round led by Atomico, one of Europe’s leading venture capital firms. The round also saw the participation of existing investors and angel investors. Strise’s anti-money laundering (AML) intelligence software automates the…
What Should You Know About Taking Out A Mortgage Today
Taking out a mortgage is a significant financial milestone in many people’s lives. It’s a step towards homeownership that comes with its own set of intricacies and considerations. Whether you’re a first-time buyer or a seasoned homeowner looking to refinance, understanding the mortgage process is crucial. To get better equipped to make informed decisions about…
M.P. Evans Group expands its oil-palm plantations in Indonesia with $40mn acquisitions
LONDON, UK: M.P. Evans Group, a UK-based company that operates oil-palm plantations in Indonesia and Malaysia, has announced that it has agreed to buy two Indonesian companies that own and manage a total of 8,350 hectares of oil-palm plantations in East Kalimantan, Indonesia, for US$60 million. The two companies, P.T. Agro Bumi Kaltim (ABK) and…
Direct Line to sell brokered commercial insurance business lines to RSA for an initial £520 million
LONDON, UK: Direct Line Insurance Group plc has signed an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a wholly-owned subsidiary of Intact Financial Corporation, for initial consideration of £520 million. Potential further consideration of up to £30 million, contingent upon certain earn-out provisions relating to the financial performance of…