HAMILTON, BERMUDA: Seadrill Limited entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company. The transaction values Aquadrill at an implied equity value of approximately…
Why You Really Need A Chatbot In Your Mobile App
Chatbots have been in trend since 2016. They automate the conversation process through text or voice interaction. With the popularity of artificial intelligence and machine learning, most businesses are using chatbots. Both B2C (business to customers) and B2B (business to business) use chatbots for simple tasks. Adding a chatbot assistant to your system will not…
Kogan.com has acquired Brosa, Australia’s online luxury furniture retailer
SYDNEY, AUSTRALIA: Kogan.com Limited has acquired Brosa, one of Australia’s largest online luxury furniture retailers, out of administration. The deal will see the popular furniture brand stay alive and relaunched stronger than ever with the backing of the Kogan Group. Details of the acquisition ● Purchase price: $1.5m plus logistics support for thousands of customers…
Renault Group successfully issues a ¥210 billion Samurai retail bond
BOULOGNE-BILLANCOURT: Renault Group announced the successful placement of a ¥210 billion (c. €1.4 billion) new bond issue maturity December 2026 and carrying a coupon of 2.80%. This transaction represents Renault Group’s first-ever issuance of retail bond targeted to individuals and stands as the second largest public offering of Samurai bond for individuals. The final orderbook amounted…
Mutares has successfully sold STF Balcke-Dürr to C Capital
MUNICH: Mutares SE & Co. has successfully sold its portfolio company STF Balcke-Dürr S.r.l., which has been part of the Balcke-Dürr Group, to C Capital S.r.l. STF was acquired in 2018 as add-on investment to the Balcke-Dürr Group. The company is active in the development, design, production and on-site assembly of heat exchanger components, titanium…
Horisont Energi and Koole Terminals collaborate to develop a logistic value chain for clean ammonia
SANDNES, NORWAY: Horisont Energi and Koole Terminals B.V. announced a collaboration agreement to develop a logistic value chain for clean ammonia. In the fall of 2021, the two companies signed a memorandum of understanding to collaborate on the development of a terminal and storage facility at the Port of Rotterdam. The terminal will receive clean…
Huddlestock Fintech partners a Northern European investment bank to create a digital self-service brokerage functionality
OSLO, NORWAY: Huddlestock Fintech has entered into an agreement with a Northern European investment bank to create a digital self-service brokerage functionality to supplement its more traditional brokerage and investment businesses for high-net-worth individuals. In choosing the digital trading and investment solutions offered by Huddlestock Trader and Huddlestock Investor Services, the investment bank will be…
Bens Creek Group announces proposed sale of highwall miner to Civil LLC
LONDON, UK: Bens Creek Group (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces the proposed sale of its own highwall miner (#20) to Civil LLC for a total cash consideration of $3.6 million. Civil LLC is a Georgia limited liability company, authorised to conduct mining business in…
VPC Specialty Lending Investments proposes managed wind-down
LONDON, UK: The Board of VPC Specialty Lending Investments (VSL) has for some time been reviewing options for reducing the continuing deep discount of the Company’s share price to Net Asset Value. The Board has taken professional advice and has also consulted the Company’s major Shareholders. Given the current level of the Discount, the Board…
discoverIE Group acquired Magnasphere Corporation for $22 million
LONDON, UK: discoverIE Group (LSE: DSCV), a leading international designer and manufacturer of customised electronics to industry, has announced the acquisition of Magnasphere Corporation. Magnasphere Corporation, a US-based designer and manufacturer of magnetic sensors and switches for industrial electronic applications, is being acquired, for a cash consideration of $22m (£19.1m) on a debt free, cash…
Journeo plc to acquire IGL Limited for £8.7 million
LONDON, UK: Journeo plc (AIM: JNEO) has entered into a conditional agreement to acquire the entire issued share capital of IGL Limited for an aggregate consideration of approximately £8.7 million. IGL Limited, together with its subsidiaries, is a leading provider of innovative display solutions and is the UK’s leading rail passenger information equipment provider, with…
How Should a Startup Hire iOS Developers?
The number of iOS developers has increased in the past few years due to the increasing demand for apps in the market. However, this has also led to a shortage of iOS developers. To hire iOS developers you need to have a clear idea of what your app is going to do and what skills…