LONDON: Mobico Group PLC said Monday it has finalized the sale of its North America School Bus business to I Squared Capital, netting upfront proceeds of $364 million (£273 million), and increasing the company’s financial flexibility heading into 2025. The transaction, first announced on April 25, closed on July 14 following approval from the U.S….
Rio Tinto appoints Simon Trott as Chief Executive
LONDON: The Board of Rio Tinto has appointed Simon Trott to succeed Jakob Stausholm as Chief Executive, with effect from 25 August 2025. Simon, currently Iron Ore Chief Executive, has a track record of exceptional delivery over 25 years in roles across a wide range of commodities and geographies, with a strong focus on values-based performance culture…
Hilton Foods sells Foods Connected to Apax Global Impact Fund for £22 million
LONDON: British food business Hilton Food Group said on Tuesday it has agreed to sell a stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund for £22 million ($28 mln), marking a strategic step to scale the technology-led platform. The Apax Global Impact Fund, advised by private equity firm Apax…
Partners Group to exit PCI Pharma in Bain-Kohlberg-led deal
LONDON: Partners Group, one of the largest private markets investment managers globally, has agreed to sell its longstanding stake in PCI Pharma Services in a deal led by Bain Capital and Kohlberg & Company, the firms said on Tuesday. The transaction, which values PGPE Ltd’s interest in the global contract development and manufacturing organization (CDMO)…
Norcros Plc acquires Norway’s Fibo Group in NOK 618 million deal
LONDON: In a strategic move to boost its presence in high-growth European bathroom segments, UK-based Norcros plc has announced its agreement to acquire the entire issued share capital of Norway’s Fibo Holding AS from private equity firm FSN Capital. The transaction carries an enterprise value of NOK 618 million (approximately £45 million) and is subject…
Close Brothers announces agreement to sell Close Brewery Rentals Limited
LONDON: Close Brothers Group plc has reached an agreement to sell Close Brewery Rentals Limited (CBRL) to MML Keystone, a fund managed by MML Capital. The transaction is expected to complete in the 2025 calendar year. The sale aligns with the group’s strategic priorities to simplify our portfolio, improve operational efficiency and drive sustainable growth….
Dalata Hotel Group accepts €1.4 billion cash offer from Pandox Consortium
LONDON: Dalata Hotel Group has agreed to a €1.4 billion cash offer from a newly formed consortium led by Pandox AB and Eiendomsspar AS, marking the successful conclusion of Dalata’s strategic review announced in March. Under the terms of the deal, Pandox Ireland Tuck Limited, a wholly owned bid vehicle jointly held by Pandox and…
Cavco to acquire American Homestar for $190 million; Expand presence in south-central U.S.
Cavco Industries Inc (Nasdaq: CVCO) said on Monday it would acquire American Homestar Corporation, the Houston-based maker of Oak Creek Homes, for $190 million in cash to deepen its footprint across Texas and neighboring states. The deal, expected to close in Cavco’s fiscal Q3 2026 pending regulatory approvals, marks a strategic investment aimed at scaling…
US stocks edge higher, Nasdaq hits record as trade fears ease; Bitcoin tops $123,000
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
Equity Bancshares posts higher Q2 earnings; Closes NBC merger
WICHITA: Equity Bancshares, Inc. (NYSE: EQBK), the parent company of Equity Bank, reported second-quarter net income of $15.3 million, or $0.86 per diluted share, for the period ending June 30, 2025, the company announced Tuesday. Adjusted earnings, excluding $1.7 million in expenses tied to its recently completed merger with NBC Corp. of Oklahoma and debt…
Longevity Health merges with THPlasma in all-stock deal, targets plasma shortage
NEW YORK: Longevity Health Holdings, Inc. (Nasdaq: XAGE), a company focused on human longevity and healthy aging, announced Tuesday the execution of a definitive agreement to merge with True Health Inc., operator of the THPlasma brand, in an all-stock transaction. The combined company is expected to continue trading on Nasdaq under the ticker “XAGE” after…
Churchill Downs acquires majority stake in New Hampshire casino venture
LOUISVILLE: Churchill Downs Incorporated (Nasdaq: CHDN) announced Tuesday it has signed definitive agreements to acquire a majority stake in Casino Salem, a joint venture developing a charitable gaming, dining and entertainment venue featuring historical horse racing machines (HRMs) in Salem, New Hampshire. The venue is located at The Mall at Rockingham Park, approximately 30 minutes…