LONDON: Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, has reached an agreement to acquire Seascan Limited and its subsidiaries (otherwise known as Seatronics), along with its sister company, J2 Subsea Limited, an international subsea electronics and ROV tooling rental and services business…
Oakley Capital to sell its stake in Schülerhilfe to Levine Leichtman Capital Partners
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund III (Fund III) has reached an agreement to sell its stake in Schülerhilfe, the leading provider of professional tutoring services to primary and secondary school students across Germany, Austria and Switzerland. OCI’s look-through share of proceeds is anticipated to be c.£40 million, which represents…
Wheaton Precious Metals partners with Montage Gold for Côte d’Ivoire project
LONDON: Wheaton Precious Metals Corp. has announced that its subsidiary, Wheaton Precious Metals International Ltd., has entered into a definitive agreement with Montage Gold Corp. for the Koné Gold Project in Côte d’Ivoire. This agreement, known as the Gold Stream, involves Wheaton providing a total upfront cash consideration of $625 million in four equal installments…
IMF projects economic growth at the rate of 5.1% for the UAE in 2025
The UAE’s real GDP is forecasted to remain stable at 4% in 2024, with an expected increase to 5.1% in 2025, according to the latest World Economic Outlook (WEO) released by the International Monetary Fund (IMF). The report, published alongside the 2024 IMF/World Bank Group Annual Meetings, also outlines moderate growth prospects for the broader…
Adisyn Ltd signs deal to acquire 2D Generation Ltd
SYDNEY: Adisyn Ltd (ASX: AI1) has reached indicative terms for AI1 to acquire 100% of the issued share capital of 2D Generation Ltd which they will now look to finalise into a legally binding agreement. The proposed acquisition is a critical move forward for AI1’s ever-expanding services businesses for data centres, managed IT, cybersecurity, and…
Patria Private Equity Trust has sold portfolio of fund investments for £180 million
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…