LONDON: Brookfield Global Asset Management has reached agreement to acquire Tritax EuroBox plc in a £557 million deal. Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield’s real estate private funds, has reached an agreement with Tritax EuroBox plc for a recommended cash acquisition of the entire issued and to…
UIL Limited to merge Zeta Resources Limited investment platform
LONDON: UIL Limited has announced plans to merge the Zeta Resources Limited (“Zeta”) investment platform into its operations. This follows a sale and purchase agreement with General Provincial Life Pension Fund Limited (“GPLPF”) to acquire all 187,572,396 ordinary shares in Zeta held by GPLPF. This acquisition will result in UIL owning 95.03% of Zeta’s share…
clock.bio raised $5.3 million in seed funding led by LocalGlobe
CAMBRIDGE: clock.bio, a healthspan biotech, raised $5.3 million in seed funding led by LocalGlobe, with participation from BlueYard Capital, Onsight Ventures, and Dr. Jonathan Milner, the Founder of Abcam. The company has made significant progress in decoding the biology of human rejuvenation, identifying more than 100 genes that jointly constitute an “Atlas of Rejuvenation Factors.” While all…
Letting go of unused gift cards: A lesson in financial self-care
We’ve all done it—received a gift card, felt that initial spark of excitement, and then… promptly forgotten about it. Months later, we stumble across that little piece of plastic, tucked away in a drawer, gathering dust. And then the familiar thought comes creeping in: I’ll use this one day. But here’s the thing: most of…
Purespring Therapeutics has raised £80 million in an oversubscribed Series B financing
LONDON: Syncona Ltd’s portfolio company Purespring Therapeutics, a pioneering gene therapy company focused on transforming the treatment of kidney diseases has raised £80 million in an oversubscribed Series B financing. Syncona has committed £19.9 million as part of a leading Series B syndicate, led by Sofinnova, in collaboration with Gilde Healthcare, Forbion, and British Patient…
Mondi plc agrees to acquire operations of Schumacher Packaging
LONDON: Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition will expand Mondi’s corrugated footprint in Western Europe and add complementary fibre-based products, focused on eCommerce and FMCG, to enhance its existing customer offering. Today’s announcement is in line…
Rio Tinto signs deal to acquire Arcadium Lithium for $6.7 billion
LONDON: Rio Tinto and Arcadium Lithium plc (NYSE: ALTM) announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The transaction represents a premium of 90% to Arcadium’s closing price of $3.08 per share on 4 October 2024, a premium of 39% to Arcadium’s volume-weighted average…
New Adobe app to help creators protect their work from AI use
Adobe announced on Tuesday that it will launch a free web-based app next year to help creators of images and videos receive credit for their work used in AI systems. Since 2019, Adobe and other tech companies have been developing “Content Credentials,” a digital stamp for photos and videos that indicates their origin and creation…
Fintech company Facet raises $35 million in a round led by Multiplier Capital
BALTIMORE: Facet, the fintech company that is building the future of financial planning, has raised an additional $35 million in new financing. The round was led by Multiplier Capital, a leading provider of flexible financing solutions. Recently named to the Inc. 5000 list of America’s fastest-growing private companies for a second time, Facet is redefining financial…
CrashPlan has acquired Parablu Inc.
MINNEAPOLIS: CrashPlan has acquired Parablu Inc. a leading provider of data security and resiliency solutions known for its market-leading offerings protecting Microsoft 365 data. The acquisition positions CrashPlan to deliver the industry’s most comprehensive backup and recovery capabilities for data stored on servers, on endpoint devices and in Exchange, OneDrive, SharePoint, and Teams to Azure, their cloud,…
Saudi Arabia’s PIF reduces stake in Nintendo
Saudi Arabia’s Public Investment Fund (PIF) has reduced its stake in Nintendo Co. from 8.58% to 7.54%, according to a Japanese regulatory filing. This decision comes just a day after reports surfaced that a senior executive from the sovereign wealth fund hinted at the possibility of increasing their investment in the Japanese gaming giant. Prince…
Former Humane executives launch AI fact-checking startup, Infactory
Two former executives of Humane, the AI hardware startup, have launched a new artificial intelligence software venture called Infactory, which has successfully raised $4 million at a $25 million valuation. Brooke Hartley Moy, previously Humane’s strategic partnerships lead, and Ken Kocienda, former head of product engineering, are the co-founders of this new enterprise. Infactory aims…