LONDON: Partners Group, one of the largest private markets investment managers globally, has agreed to sell its longstanding stake in PCI Pharma Services in a deal led by Bain Capital and Kohlberg & Company, the firms said on Tuesday. The transaction, which values PGPE Ltd’s interest in the global contract development and manufacturing organization (CDMO)…
Norcros Plc acquires Norway’s Fibo Group in NOK 618 million deal
LONDON: In a strategic move to boost its presence in high-growth European bathroom segments, UK-based Norcros plc has announced its agreement to acquire the entire issued share capital of Norway’s Fibo Holding AS from private equity firm FSN Capital. The transaction carries an enterprise value of NOK 618 million (approximately £45 million) and is subject…
Close Brothers announces agreement to sell Close Brewery Rentals Limited
LONDON: Close Brothers Group plc has reached an agreement to sell Close Brewery Rentals Limited (CBRL) to MML Keystone, a fund managed by MML Capital. The transaction is expected to complete in the 2025 calendar year. The sale aligns with the group’s strategic priorities to simplify our portfolio, improve operational efficiency and drive sustainable growth….
Dalata Hotel Group accepts €1.4 billion cash offer from Pandox Consortium
LONDON: Dalata Hotel Group has agreed to a €1.4 billion cash offer from a newly formed consortium led by Pandox AB and Eiendomsspar AS, marking the successful conclusion of Dalata’s strategic review announced in March. Under the terms of the deal, Pandox Ireland Tuck Limited, a wholly owned bid vehicle jointly held by Pandox and…
Cavco to acquire American Homestar for $190 million; Expand presence in south-central U.S.
Cavco Industries Inc (Nasdaq: CVCO) said on Monday it would acquire American Homestar Corporation, the Houston-based maker of Oak Creek Homes, for $190 million in cash to deepen its footprint across Texas and neighboring states. The deal, expected to close in Cavco’s fiscal Q3 2026 pending regulatory approvals, marks a strategic investment aimed at scaling…
US stocks edge higher, Nasdaq hits record as trade fears ease; Bitcoin tops $123,000
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
Equity Bancshares posts higher Q2 earnings; Closes NBC merger
WICHITA: Equity Bancshares, Inc. (NYSE: EQBK), the parent company of Equity Bank, reported second-quarter net income of $15.3 million, or $0.86 per diluted share, for the period ending June 30, 2025, the company announced Tuesday. Adjusted earnings, excluding $1.7 million in expenses tied to its recently completed merger with NBC Corp. of Oklahoma and debt…
Longevity Health merges with THPlasma in all-stock deal, targets plasma shortage
NEW YORK: Longevity Health Holdings, Inc. (Nasdaq: XAGE), a company focused on human longevity and healthy aging, announced Tuesday the execution of a definitive agreement to merge with True Health Inc., operator of the THPlasma brand, in an all-stock transaction. The combined company is expected to continue trading on Nasdaq under the ticker “XAGE” after…
Churchill Downs acquires majority stake in New Hampshire casino venture
LOUISVILLE: Churchill Downs Incorporated (Nasdaq: CHDN) announced Tuesday it has signed definitive agreements to acquire a majority stake in Casino Salem, a joint venture developing a charitable gaming, dining and entertainment venue featuring historical horse racing machines (HRMs) in Salem, New Hampshire. The venue is located at The Mall at Rockingham Park, approximately 30 minutes…
FB Financial posts $2.9 million Q2 profit amid growth in loans and deposits
NASHVILLE: FB Financial Corporation (NYSE: FBK), parent company of FirstBank, reported second-quarter net income of $2.9 million, or 6 cents per diluted common share, marking a sharp decline from 84 cents in the previous quarter and 85 cents a year earlier. Adjusted net income reached $40.8 million, or 88 cents per diluted share, up from…
NatWest to exit Permanent TSB stake through institutional placing
LONDON: NatWest Group plc on Monday said it plans to sell its entire stake in Permanent TSB Group Holdings PLC via a placing to institutional investors, marking its full exit from the Irish lender. The placing, launched immediately following the announcement, will be conducted through NatWest’s wholly owned subsidiary RBS AA Holdings (UK) Limited. It…
Scalare Partners to acquire Tank Stream Labs in $5.5 million deal
SYDNEY: Scalare Partners (ASX: SCP) has agreed to acquire Tank Stream Labs, one of Australia’s leading flexible workspace and service providers for tech startups, in a $5.5 million deal aimed at expanding Scalare’s footprint in the early-stage technology ecosystem. Under the terms of the agreement, Scalare will pay $3 million in cash and issue $1.5…