LONDON: Intrepid Bidco Ltd., a newly formed entity wholly owned by funds managed or advised by U.S.-based private equity firm HGGC LLC, has launched a recommended all-cash offer to acquire Inspired PLC, a U.K.-based energy and sustainability services provider, the companies announced Thursday. Under the terms of the deal, Inspired shareholders will receive 81 pence…
Wall Street rally slows amid geopolitical truce and Fed caution
AI and crypto stocks lead market as traders weigh ceasefire stability, Fed signals Stocks treaded water Wednesday, pausing after a two-day rally that pushed major indexes to within arm’s reach of their all-time highs. While investor sentiment has warmed on easing geopolitical tensions and resilient earnings, markets remain locked in a tug-of-war between long-term tech…
Powder Monkey expands Australasian portfolio with acquisition of Akasha and Wayward Brewing
Akasha and Wayward Brewing, Powder Monkey , Expands Australasian Portfolio , Acquisition , LONDON: Powder Monkey Group LLC (JP Jenkins PMGL:JPJ) has reached a preliminary agreement to acquire the Australian businesses of Akasha and Wayward Brewing, including selected assets and retail operations, the company announced. The deal will integrate the two renowned craft beer brands…
Mosman Oil & Gas announces leadership restructuring, CEO transition
LONDON: Mosman Oil & Gas Limited (AIM: MSMN) announced a strategic leadership restructuring Tuesday as part of its growth strategy, including the departure of CEO Andy Carroll. Howard McLaughlin, the company’s head of U.S. operations, will serve as interim CEO pending due diligence. Carroll, who served nearly two years as CEO after previously holding the…
Getech and Sound Energy launch joint venture for hydrogen and helium exploration in Morocco
LONDON: Getech, a global leader in subsurface resource location, has announced the incorporation of HyMaroc Limited, a 50:50 joint venture with transition energy company Sound Energy plc, aimed at unlocking natural hydrogen and helium resources in Morocco. The formation of the subsidiary follows the successful completion of a regional screening study conducted under an Exploration…
Aptamer Group signs development and licensing deal with global life sciences company
YORK: Aptamer Group plc (AIM: APTA), a developer of next-generation synthetic binders for the life science industry, announced Tuesday a new development and licensing agreement with an established global life sciences and diagnostics company, part of a major multinational conglomerate. Under the agreement, Aptamer will develop a custom Optimer®-Fc reagent for use in immunohistochemistry (IHC)…
Evion Group secures US deal for expandable graphite as global demand climbs
PERTH: Evion Group Ltd. (ASX: EVG) has finalized a deal to deliver its first shipment of expandable graphite to a major U.S. supply chain company, marking a significant step in the company’s efforts to position itself as a reliable, non-Chinese source of critical minerals. The 80-metric-tonne shipment, valued at approximately A$400,000, will be dispatched over…
Legend Mining acquires gold and base metal project in Western Australia
LEONORA: Legend Mining Limited announced Wednesday it has signed binding term sheets to acquire a 100% interest in the Pinnacle Well Project, located 25 kilometers (15.5 miles) north-northeast of Leonora in Western Australia’s mineral-rich Leonora district. The project, which covers 110 square kilometers (42.5 square miles) across two exploration licenses, has seen little exploration activity…
Xero to acquire US bill pay firm Melio in $2.5 billion deal
WELLINGTON: Accounting software company Xero Ltd. said Wednesday it will acquire U.S.-based payments platform Melio for $2.5 billion in cash and stock, in a move aimed at significantly accelerating its North American growth strategy. The acquisition, announced alongside a fully underwritten A$1.85 billion (US$1.2 billion) capital raise, aligns with Xero’s “3×3” strategy targeting growth in…
Tritax Big Box to acquire Warehouse REIT in £485 million cash-and-share deal
LONDON: Tritax Big Box REIT PLC has agreed to acquire Warehouse REIT PLC in a recommended cash-and-share deal valued at approximately £485.2 million, the companies announced Tuesday. The acquisition, to be implemented via a scheme of arrangement under Part 26 of the Companies Act 2006, will see Warehouse shareholders receive 47.2 pence in cash and…
Renold Plc acquires Italian chain manufacturer Ognibene in €10 million deal
BOLOGNA Renold plc, a leading global supplier of industrial chains and power transmission products, has acquired Italian chain manufacturer Ognibene S.p.A. for €10 million in cash, the company announced Tuesday. The acquisition strengthens Renold’s presence in Southern Europe and expands its manufacturing capabilities in the transmission chain market. Ognibene, founded in 1948 and based in…
Brave Bison to acquire MiniMBA in £19 million deal
LONDON: Brave Bison, a next-generation marketing and technology firm, has entered into a conditional binding agreement to acquire MiniMBA, a leading online marketing education platform, for £19 million ($24.1 million) in a deal that will significantly expand its training and skills division. The acquisition, announced Tuesday, will see Brave Bison take over The Mini Trading…