AVIGNON: Hiphen and Aurea Imaging, leaders in remote sensing, computer vision, and AI for agriculture, announced a significant acquisition on Monday. Hiphen will acquire Aurea Imaging’s drone phenotyping operations, enhancing its position as a top provider of advanced drone image analytics for crop science and agriculture globally. Established in 2014 and based in Avignon, France,…
Drake and Scull, El Amar Group collaborate in Egypt and Saudi Arabia
DUBAI: Drake and Scull International PJSC (DSI), a leader in mechanical, electrical, and plumbing (MEP) contracting services, as well as oil and gas, water, and wastewater treatment projects, has signed a strategic Memorandum of Understanding (MoU) with El Amar Group, a prominent real estate development and infrastructure company. The agreement aims to explore and collaborate…
Al Ansari Financial Services partners with Abhi Middle East for enhanced financial solutions
DUBAI: In a strategic move poised to transform the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI) has announced a partnership with Abhi Middle East Limited, the largest embedded finance platform in the region, backed by Hub71 and the Abu Dhabi Investment Office (ADIO). This collaboration aims to broaden the financial solutions available to…
Macfarlane Group acquires Pitreavie Group for £18 million
LONDON: Macfarlane Group PLC has announced the acquisition of The Pitreavie Group Limited for a maximum cash consideration of £18.0 million. This deal includes an earn-out of up to £4.0 million over two years, reflecting Macfarlane’s strategy to enhance its protective packaging business through both organic and acquisitive growth. Pitreavie, founded in 2005, specializes in…
GSK enters agreement to acquire IDRx Inc for up to $1.5 billion
LONDON: GSK plc (LSE/NYSE: GSK) and IDRx Inc. have entered into an agreement under which GSK will acquire IDRx, a Boston-based, clinical-stage biopharmaceutical company dedicated to developing precision therapeutics for the treatment of GIST. Under the agreement, GSK will pay $1 billion upfront, with potential for an additional $150 million success-based regulatory approval milestone payment….
DBAY and ERES IV Fund offers to acquire Alliance Pharma for 62.5 pence per share
LONDON: DBAY Affiliates and the ERES IV Fund have agreed to acquire Alliance Pharma for 62.5 pence per share in cash, valuing Alliance at approximately £349.7 million on a fully diluted basis. Shareholders can opt for cash or exchange shares for loan notes, converting to B ordinary shares in Midco. DBAY aims to delist Alliance, citing the…
RTW Biotech Opportunities invests in Alesta Therapeutics’ €65 million series A round
LONDON: RTW Biotech Opportunities Ltd, a London Stock Exchange-listed investment company focusing on high-growth potential assets in the life sciences sector, has announced a new investment in Alesta Therapeutics. The Netherlands-based biotechnology firm, Alesta, is dedicated to developing novel oral small molecule therapies for rare, underserved diseases. Alesta Therapeutics recently completed a €65 million (US$67…
Victoria Property Holdings proposes cash offer for Ground Rents Income Fund
LONDON: Victoria Property Holdings Limited, a subsidiary of the Martin Property Group, is proposing a cash offer to acquire Ground Rents Income Fund plc (GRIO) following the rejection of three previous offers. Victoria Property closely monitored GRIO over the past year, seeing the company navigate wider residential market uncertainties. The Martin Property Group is a…
Zambia re-introduces 15% export duty on emeralds
LONDON: Gemfields has become aware that a new statutory instrument in Zambia dated 30 December 2024 and which came into effect on 1 January 2025 (S.I. No. 88 of 2024, the Customs and Excise (Precious Stones) (Export Duty) (Suspension) (Revocation) Order, 2024) has revoked the 2019 suspension of a 15% export duty on precious gemstones….
Paycor to be acquired by Paychex for $22.5 per share
LONDON: The Apax IX Fund announced that portfolio company Paycor HCM Inc. (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, has entered into a definitive agreement with Paychex Inc. (Nasdaq: PAYX) to be acquired in an all-cash transaction for $22.50 per share. Including prior distributions, this transaction is expected to deliver a total…
GlobalData enhances M&A strategy with Deallus acquisition
LONDON: GlobalData Plc, a prominent data, analytics, and insights platform, has announced significant progress in its M&A strategy with the completion of its acquisition of Deallus, a market-leading competitive intelligence solutions provider specializing in the global life sciences sector. With a robust 20-year history, Deallus has amassed deep sector expertise, supporting clients across critical therapy…
Team Internet receives acquisition proposals from TowerBrook and Verdane
LONDON: The Board of Team Internet Group has confirmed the receipt of two separate acquisition proposals from TowerBrook Capital Partners (U.K.) LLP and Verdane Fund Manager AB. Both potential offerors are looking to acquire the entire issued and to-be-issued share capital of Team Internet Group. Each proposal values Team Internet shares at 125 pence in cash. Additionally,…