LONDON: Patria Private Equity Trust plc (PPET) has announced the completion of the sale of a portfolio of 14 fund investments for approximately £180 million. This disposal resulted in a combined overall return of 1.9x Multiple on Invested Capital and a 16% Internal Rate of Return (IRR) for the divested funds. The divested funds, which…
Samsung Galaxy Z Fold Special Edition: A unique offering only for South Korea
The long-rumored Samsung Galaxy Z Fold Special Edition is finally official, but there’s a catch—you can only pre-order it if you’re in South Korea. Unfortunately for global fans, this slimmest book-style foldable phone from Samsung won’t be available elsewhere. The Special Edition is Samsung’s “thank you” to loyal customers who love Galaxy Foldables, but you’ll…
Qualcomm unveils Snapdragon 8 Elite mobile platform at Snapdragon Summit
At its Snapdragon Summit, Qualcomm unveiled its latest flagship chip, the Snapdragon 8 Elite Mobile Platform. This new system-on-a-chip introduces Qualcomm’s Oryon CPU to mobile devices for the first time, promising significant enhancements in AI capabilities, efficiency, and overall performance. The Snapdragon 8 Elite is designed to handle advanced on-device generative AI tasks, including multi-modal…
Smart Foods acquires Fenn Foods’ major assets amid liquidation
Australian alt-meat company Fenn Foods, which recently entered liquidation, has been acquired by local peer Smart Foods. The deal includes Fenn Foods’ major assets such as the Veef and Love Buds brands, along with plant, stock, and equipment, according to insolvency firm Fort Restructuring. Financial terms of the acquisition were not disclosed. Smart Foods, based…
Scancell Holdings appoints Dr. Phil L’Huillier as new CEO
LONDON: Scancell Holdings plc (AIM: SCLP), a developer of cancer immunotherapies, has appointed Dr. Phil L’Huillier as the new Chief Executive Officer, effective November 18, 2024. Dr. L’Huillier, previously CEO of CatalYm GmbH, brings extensive experience in expanding investor bases and progressing clinical studies. Professor Lindy Durrant, the current CEO, will remain in her role…
LPA Group appoints Philo Daniel-Tran as Chief Executive Officer
LONDON: LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announced the appointment of Philo Daniel-Tran as Chief Executive Officer who will join LPA as a director of the Company in January 2025. Philo has a wealth of experience working in Transport, Defence and Security sectors across the globe. Until…
Nanoco Group appoints Dmitry Shashkov as Chief Executive Officer
LONDON: Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, announced the appointment of Dmitry Shashkov as Chief Executive Officer with immediate effect. Dmitry will succeed Brian Tenner who, as announced on 25 July 2024, will step down…
Mercedes-Benz launches Europe’s first integrated battery recycling plant in Germany
LONDON: Neometals Ltd, a sustainable process technology developer, announced that Mercedes-Benz has officially inaugurated its lithium-ion battery recycling plant in Kuppenheim, Germany. The plant uses technology developed by Primobius GmbH, a 50:50 joint venture between Neometals and SMS group GmbH. Primobius has designed and is installing a 2,500-tonne per annum integrated recycling plant, chosen by…
HSBC Holdings restructured into four separate businesses
LONDON: HSBC Holdings plc is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. HSBC Group Chief Executive Officer, Georges Elhedery, commented: “The changes that we are announcing today will make it easier for our colleagues to serve our customers and drive the future success of the Group. The new…
Avacta and Tempus Enter Strategic Collaboration to Advance AI-Driven Drug Development in Oncology
LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing next generation peptide drug conjugates (PDC) targeting powerful anti-tumor payloads directly to the tumor, today announces the initiation of an artificial intelligence (AI)-focused collaboration with Tempus AI, Inc. (Nasdaq: TEM), a technology company leading the adoption of artificial intelligence to advance precision medicine and patient care.…
Zinc Media to sell Zinc Communicate Publishing
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
PureTech’s Seaport Therapeutics announces an oversubscribed $225 million Series B financing round
LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team, today announced the closing of an oversubscribed $225 million Series B financing round. The syndicate was led by General Atlantic, a leading global growth investor,…