PAG, a leading Asia Pacific alternative investment firm, has agreed to buy the controlling stake in Australian Venue Co (AVC) from global investment firm KKR. AVC is a food and beverage hospitality business that runs over 210 pubs, bars and restaurants in Australia and New Zealand. The deal terms were not disclosed. KKR invested in…
Dr Howie McKibbon appointed CEO of Botanix Pharmaceuticals
SYDNEY, AUSTRALIA: Botanix Pharmaceuticals Limited (ASX: BOT), a company that specializes in clinical dermatology, has announced the promotion of Dr Howie McKibbon to the position of Chief Executive Officer, effective from 24 August 2023 (Arizona time). Dr McKibbon has been serving as the Chief Operating Officer of the Company, and he will continue to report…
RemSense Technologies appoints Warren Cook as CEO of the company
SYDNEY, AUSTRALIA: RemSense Technologies Limited (ASX: REM) announced the appointment of Warren Cook as CEO of the company. Warren Cook will takeover from founder Steve Brown who will remain on the board as a director and continue to provide support and input into the development and growth of the core product virtualplant. Warren has a…
Code-writing AI startup Poolside raises $126m and moves to Paris
A US based startup that aims to build a tool that can write code using natural language has raised a whopping $126m in seed funding and moved its headquarters to Paris, Sifted.eu reported. Poolside AI, founded by former GitHub CTO Jason Warner and serial entrepreneur Eiso Kant, wants to democratise software development by enabling anyone…
MediaTek leverages Meta’s Llama 2 to enhance on-device generative AI in Edge devices
MediaTek, a leading global fabless semiconductor company powering more than two billion connected edge devices every year, today announced it is working closely with Meta’s Llama 2, the company’s next-generation open-source Large Language Model (LLM). Utilizing Meta’s LLM as well as MediaTek’s latest APUs and NeuroPilot AI Platform, MediaTek aims to build a complete edge…
Fertiberia and Horisont Energi sign joint development agreement
SANDNES, NORWAY: Horisont Energi has signed a joint development agreement with the European ammonia specialist Fertiberia as the new partner in the clean ammonia project Barents Blue, a best-in-class blue ammonia plant underpinning Europe’s transition towards carbon neutrality securing local use of natural resources and significant value creation. The joint development agreement builds on a…
Hunting PLC streamlines operations and divests non-core assets
LONDON, UK: Hunting PLC (LSE: HTG), a global engineering group, has announced that it is restructuring its operations and selling its non-core exploration and production assets to improve its efficiency and reduce its costs. The restructuring involves the following changes: Jim Johnson, Chief Executive, said: “We are continuing to enhance our operational efficiency across our…
Hays plc appointments Dirk Hahn as Chief Executive Officer
LONDON, UK: Hays plc, the leading global specialist recruitment company, announced the appointment of Dirk Hahn as Chief Executive Officer (CEO) with effect from 1 September 2023. This follows the announcement on 23 February 2023 that the company had commenced a process to identify a successor to Alistair Cox. Dirk Hahn is a long-standing member…
Drax Group appoints Andrea Bertone as Chair Designate of the company
LONDON, UK: Drax Group announced the appointment of Andrea Bertone as a non-executive director and Chair Designate of the Company, effective from 24 August 2023. The appointment is in anticipation of the conclusion of Philip Cox’s successful nine-year tenure as a non-executive director during which he made a significant contribution to the Company’s growth and…
Coro Energy divests from ion Ventures to focus on operated renewables portfolio
LONDON, UK: Coro Energy PLC, a South East Asian energy company with a focus on natural gas and clean energy, has announced that it will sell its stake in ion Ventures Holdings Ltd to a private US entity, SLT1 LLC, for £1.25 million ($1.59 million) in cash. Coro will receive £1 million upfront and the…
Ashington Innovation agrees to acquire Calon Cardio-Technology for £39 million
LONDON, UK: Ashington Innovation plc has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited, to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited (CTL) announced on 19th August 2023 as well…
Intertek Group plc has acquired PlayerLync Holdings Inc.
LONDON, UK: Intertek Group plc has acquired PlayerLync Holdings Inc., a leading SaaS-based platform which combines mobile learning, operational support and compliance, content management and people engagement in a single application. Post-Covid, corporations around the world have intensified their focus on quality, health, safety and wellbeing, resulting in growing demand for bespoke People Assurance solutions…