LONDON: Cykel AI Plc (LSE:CYK) announced that Ewan Collinge, co-founder of the Company, has been appointed as Executive Director and Chief Executive Officer. The appointment will take effect immediately. Ewan is an experienced entrepreneur and technologist. He has launched ventures in AI, payments, blockchain, consumer tech and gaming, including as founder of Cykel AI PLC,…
Brooks Macdonald to acquire LIFT Financial Group and LIFT Invest
LONDON: Brooks Macdonald Group will acquire 100% of the issued share capital of each of LIFT – ‘LIFT-Financial Group Ltd and LIFT-Invest’ for an initial consideration of £30 million payable in cash on completion and a total consideration of up to £45m, subject to financial targets. The acquisition aligns with the Group’s strategy by expanding its client…
QAD Inc. has acquired Phenix Software
SANTA BARBARA: QAD Inc., a prominent provider of cloud-based manufacturing and supply chain solutions, has acquired Phenix Software Inc. This acquisition aims to enhance manufacturers’ productivity and factory performance. The newly named QAD Advanced Scheduling solution optimizes production by determining the best sequence for product manufacturing on each line, minimizing changeovers, optimizing inventory, and aligning…
Butterfly Equity to acquire luxury wine company The Duckhorn Portfolio for $1.95 billion
LOS ANGELES: Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage sector, has entered into a definitive agreement to acquire The Duckhorn Portfolio (NYSE: NAPA), North America’s premier luxury wine company, an all-cash transaction that values the company at approximately $1.95 billion. Under the terms of the Agreement, Duckhorn stockholders will…
Mason Capital to acquire CB&I storage solutions business from McDermott International
NEW YORK: A consortium led by Mason Capital Management LLC in partnership with IES Holdings Inc. (Nasdaq: IESC), and other investors, has entered into a definitive agreement to acquire the CB&I storage solutions business, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, from McDermott International. CB&I…
Sosandar plc to open fourth store in Cardiff’s St David’s centre
LONDON: Sosandar plc (AIM: SOS), the women’s fashion brand, creating quality, trend-led products for women of all ages, has signed a lease agreement for its fourth store, in Cardiff’s St David’s centre. This follows the recent store openings in Chelmsford, Marlow and the Metrocentre. St David’s occupies one third of Cardiff’s city centre. It creates…
3i Infrastructure to sell its stake in Valorem for €309 million
LONDON: 3i Infrastructure plc has received a binding offer for its c.33% stake in Valorem, a leading independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors. Subject to acceptance of the binding offer, following consultation with Valorem’s employee representative bodies, company expects completion of…
Applied Nutrition confirms IPO on London Stock Exchange
LONDON: Applied Nutrition, now a public limited company as of 1 October 2024, has confirmed its plans for an initial public offering (IPO) and provided specific details about the offer. The company intends to list its shares in the equity shares (commercial companies) category of the official list of the Financial Conduct Authority (FCA) and…
FD Technologies to sell First Derivative Business to EPAM for £230 million
LONDON: FD Technologies (AIM: FDP.L) has entered into an agreement to sell the Group’s First Derivative Business to EPAM Systems Inc. for an enterprise value of £230m. The divestment is expected to complete in the fourth quarter of 2024, subject to shareholder approval, amongst other things. Seamus Keating, CEO of FD Technologies, said: “This Divestment…
Renew Holdings has acquired Full Circle Group B.V. for €60 million
LONDON: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, has acquired Full Circle Group Holding B.V., a specialist provider of repair, maintenance and monitoring services for onshore wind turbines in the UK and Europe for a total cash consideration of €60.0m (£50.5m), funded from the…
ARC Funds Limited acquires ausbiz Capital, a subsidiary of ausbiz Group
SYDNEY: ARC Funds Limited (ASX:ARC) has executed a binding agreement with ausbiz Group Pty Ltd to acquire a minority 30% equity interest in ausbiz Capital Pty Ltd, currently a 100% subsidiary of ausbiz Group. ausbiz Capital, part of ausbiz Group, is a new business established to offer high-quality financial products and services to ausbiz Group’s…
How Fintech Tools Are Changing Investor Behavior
Fintech has been reshaping the world of finance for a while, but the impact it’s had on investor behavior is undeniable. Not too long ago, managing investments was reserved for seasoned professionals, requiring a deep understanding of the market, lots of time, and a hefty amount of money. Now, thanks to the rise of fintech…