LONDON: Pinewood Technologies Group, a leading cloud-based software provider for the automotive retail industry, announced Monday it has agreed to acquire key assets of the Pinewood Dealer Management System business from entities within the Motify Group (collectively known as PWSA) for £2.5 million in cash. The acquisition, made through Pinewood’s wholly owned South African subsidiary,…
New World Resources agrees to revised takeover bid by Central Asia Metals
SYDNEY: New World Resources Limited (ASX: NWC) has entered into a revised off-market takeover agreement with Central Asia Metals Plc (LON: CAML), offering shareholders A$0.062 per share in cash. The deal, announced Monday, replaces a previously proposed scheme of arrangement and provides a straightforward exit for shareholders. Key Highlights of the Deal The CAML offer…
Topco secures $1.4 billion in equity funding ahead of Soul Patts–Brickworks merger vote
SYDNEY: Topco, the proposed merged entity of Washington H. Soul Pattinson and Company Limited (ASX: SOL) and Brickworks Limited (ASX: BKW), has secured full equity funding of approximately A$1.4 billion, marking a major milestone ahead of the shareholder vote on the strategic merger. The funding was finalized through a series of conditional placements, including a…
NewPeak Metals acquires Tansey Gold Project in Queensland; Plans exploration
SYDNEY: NewPeak Metals Limited (ASX: NPM) has announced the acquisition of Goldstrike Mining Pty Ltd, the sole owner of the Tansey Gold Project in Queensland, for A$200,000 in shares and A$50,000 in cash. The project, located approximately 190 kilometers northwest of Brisbane, includes the historic South Burnett underground gold mine and adjoins two new tenement…
Coolabah metals secures ASX nod for Broken Hill Mines listing, raises $20 million
SYDNEY: Coolabah Metals Limited has received conditional approval from the Australian Securities Exchange (ASX) for its acquisition of Broken Hill Mines Pty Ltd and is set to relist under the new name Broken Hill Mines Limited (ASX: BHM). The company announced Monday it had secured a Conditional Letter of Admission from the ASX, marking a…
MedAdvisor finalizes $42.35 million sale of ANZ operations to Jonas Software, CFO to depart
MELBOURNE: MedAdvisor Limited (ASX: MDR) has completed the sale of its Australia and New Zealand (ANZ) business operations and associated intellectual property to Jonas Software AUS Pty Ltd in a deal valued at up to $42.35 million. The transaction, finalized after market close on July 4, includes the transfer of MedAdvisor’s main Australian operating entity,…
US and EU race against time for trade deal as OPEC meets and retail traders fuel stock rally
Retail traders propel markets to record highs as U.S.-EU trade talks and OPEC decisions loom As the July 9 deadline looms for U.S.-EU trade negotiations, the specter of renewed tariffs hangs over both economies. European Commission President Ursula von der Leyen has already declared a full trade deal “impossible” by then, but Brussels is pushing…
Empresaria Group receives takeover offer from consortium backed by majority shareholder support
LONDON: Empresaria Group plc (AIM: EMR), a global specialist staffing firm, confirmed it has received an unsolicited indicative takeover proposal from Planmatics Limited, a newly formed entity controlled by a consortium of investors. The consortium — comprising Peter Gregory, Nigel Marsh, and Ashok Vithlani — has proposed to acquire the entire issued and to-be-issued share…
Venture Global signs 20-year LNG supply deal with Petronas
HOUSTON: Venture Global, Inc. (NYSE: VG) has signed a 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of Malaysia’s state-owned energy giant PETRONAS, the company announced Friday. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third export facility,…
SkyDrive raises ¥8.3 billion in pre-series D round; Welcomes JR East and JR Kyushu as strategic partner
Japan’s eVTOL pioneer accelerates certification and development with new capital and expanded railway alliances TOKYO: SkyDrive Inc., a leading Japanese manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, announced Friday it has raised ¥8.3 billion in Pre-Series D funding through a third-party allotment. The round was led by MUFG Bank, Ltd., with participation from…
HKW acquires Electric Equipment & Engineering Co. to expand engineered power solutions portfolio
DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries. Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and…
Shift4 acquires Global Blue, expanding global commerce reach
ZURICH: Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, has successfully completed its acquisition of Global Blue Group Holding AG (NYSE: GB), a leading provider of tax-free shopping and dynamic currency conversion solutions. The deal, valued at $7.50 per share, solidifies Shift4’s position as a global unified commerce provider. The tender offer, which expired…