LONDON: Oakley Capital, a leading mid-market private equity investor, is acquiring a majority stake in GLAS, a leading, global provider of loan administration and bond trustee services. Oakley is investing alongside La Caisse (formerly CDPQ) who has acquired a minority position,…
BEIJING: Chinese tech giant Baidu Inc. said Friday it plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list it in Hong Kong, as domestic chipmakers seek capital amid Beijing’s drive for semiconductor independence. The company announced it…
SAN FRANCISCO: Cvent, a major provider of meetings and events technology, said on Monday it has agreed to acquire intelligent engagement platform ON24 (ONTF.N) in an all-cash deal valued at about $400 million. The transaction brings together Cvent’s event management…
LONDON: Empire Metals Limited (AIM: EEE | OTCQX: EPMLF) has entered into a conditional agreement to sell its 75% interest in the Eclipse gold mining lease in Western Australia for A$750,000 in cash, the exploration and development company said on…
MENLO PARK: Meta Platforms (META.O) said on Tuesday it acquired Singapore-based artificial intelligence start-up Manus, a developer of general-purpose AI agents, as the social media giant accelerates its massive investments into automating complex business and consumer tasks. While Meta did…
SYDNEY: Electrical solutions provider IPD Group Ltd said on Tuesday it agreed to acquire Platinum Cables Pty Ltd, a specialist supplier to Australia’s mining sector, in a deal worth up to A$45 million ($30.1 million). The initial consideration is A$37.5…
LONDON: IPF Parent Holdings Limited has reached agreement on the terms of a recommended cash offer to acquire International Personal Finance Plc (IPF). Under the terms of the acquisition, IPF Shareholders will be entitled to receive 235 pence in cash…
PARIS: Atos Group, a global leader of AI-powered digital transformation, has signed a binding agreement for the sale of its South American operations to the Brazilian company Semantix. The perimeter sold currently employs circa 2,800 professionals across Brazil, Argentina, Chile,…
PARIS: Sanofi has entered into an agreement to acquire Dynavax Technologies Corporation (Dynavax), a publicly traded vaccines company with a marketed adult hepatitis B vaccine (HEPLISAV-B®) and differentiated shingles vaccine candidate. The acquisition augments Sanofi’s presence in adult immunization by…
LONDON: PipeHawk (AIM: PIP) announces that it has entered into a binding conditional sale and purchase agreement with Hong-Kong incorporated Leidi Global Supply Limited in connection with the proposed disposal of the entire issued share capital of Utsi Electronics Limited…
LONDON: Roadside Real Estate Plc (AIM:ROAD) has entered into a binding agreement for the acquisition of the entire issued share capital of Gardner Retail Ltd, together with its subsidiaries, for an estimated net consideration of £17.8 million. The Gardner Retail…
LONDON: Following a comprehensive strategic review of Castrol, bp has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of $10.1 billion. This represents an implied EV / LTM EBITDA of around 8.6x reflecting…