The struggling household products chain Wilko may have a chance to survive after receiving a £90 million offer from a private equity firm, M2 Capital. M2 Capital, which has a track record of investing in distressed retail businesses, has submitted…
BYD Electronic International Co Ltd, a subsidiary of Chinese electric vehicle maker BYD Co Ltd, announced on Monday that it has agreed to acquire the mobile electronics manufacturing business in China of U.S.-based Jabil Inc for 15.8 billion yuan ($2.2…
SYDNEY, AUSTRALIA: WestStar Industrial Limited (ASX:WSI), a diversified industrial group with businesses in engineering, construction, manufacturing and mining services, has agreed to acquire the business and assets of WATMAR, a fluid system engineering specialist predominantly operating within defence, industrial and…
SYDNEY, AUSTRALIA: Bega Cheese Limited (ASX:BGA) has announced that it has entered into a binding Business Sale Agreement to acquire the businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited (ASX:TFL). The acquisition includes a…
XPeng, a Chinese electric car giant, announced on Monday that it will acquire Didi’s EV subsidiary for over $740 million and launch a new brand of vehicles. XPeng, founded in Guangdong in 2015, is one of many Chinese startups that…
SYDNEY, AUSTRALIA: Dalrymple Bay Infrastructure (DBI) announced today that Anthony Timbrell, Managing Director and Chief Executive Officer, will leave the DBI Group following an orderly transition. Mr Timbrell has been at DBI and predecessor companies for 15 years, serving as…
Perth, Australia: PharmAust Limited (ASX: PAA & PAAO), a clinical-stage biotechnology company, is pleased to announce the appointment of Dr Michael Thum, PhD, as Chief Executive Officer (CEO). Dr Thurn will assume the role on 1 September 2023. Michael brings…
On Thursday, Roark Capital reached an agreement to acquire Subway, with insiders revealing that the transaction values the U.S. sandwich chain at a potential $9.55 billion, encompassing debts and contingent upon specific financial performance goals. This deal concludes a protracted…
Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said, according to Reuters. The Binance cards allow users to make payments in traditional…
PAI Partners, a renowned private equity firm, has announced its acquisition of Alphia, Inc., a major player in North America’s pet food co-manufacturing sector, from J.H. Whitney Capital Partners. The specific terms of the deal have not been disclosed. Based…
Sony Interactive Entertainment LLC (SIE) has revealed its latest move, announcing a formal agreement to acquire Audeze, a prominent name in audio technology known for its pioneering work in high-end gaming headphones. This strategic acquisition underscores SIE’s dedication to pushing…
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…