Airalo, the world’s largest travel eSIM provider, has announced a $220 million investment led by global private equity giant CVC, pushing its valuation past $1 billion and earning unicorn status. With this funding round—including $185 million from CVC Asia Fund VI and support from Peak XV and Antler Elevate—Airalo is charging ahead with major upgrades…
Simply Good Foods reports Q3 results, updates FY25 outlook following OWYN integration
DENVER: The Simply Good Foods Company (Nasdaq: SMPL) on Thursday reported a 13.8% year-over-year increase in net sales for its fiscal third quarter, driven by strong contributions from its OWYN acquisition and continued momentum for Quest-branded products. The company also narrowed its full-year financial outlook following a solid year-to-date performance. For the thirteen weeks ended…
Ulta Beauty acquires luxury retailer Space NK
LONDON: Ulta Beauty, the U.S. cosmetics giant with nearly 1,500 stores nationwide, has acquired high-end retailer Space NK from longtime owner Manzanita Capital. The deal, which is expected to exceed £300 million, marks a major strategic expansion for Ulta as it registers an acquisition vehicle with Companies House. While the precise financial terms remain undisclosed,…
Alpaca to acquire WealthKernel in move to expand global brokerage infrastructure
LONDON: Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced Thursday its planned acquisition of WealthKernel, a U.K.-based wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. The deal will expand Alpaca’s global reach by integrating WealthKernel’s U.K. and EU-regulated brokerage services. The acquisition enables Alpaca to offer licensed brokerage services in Europe, supporting its…
Z2Data acquires AMSYS to expand supply chain risk intelligence across Europe
Z2Data, a leading provider of supply chain risk management (SCRM) solutions, announced Thursday its acquisition of AMSYS, a German-based firm with a Romanian subsidiary, known for its expertise in life cycle management, obsolescence mitigation and compliance automation. The move advances Z2Data’s mission to deliver an integrated platform that helps organizations reduce risk across product development,…
FBR Solutions acquires RTS Associates to broaden telecommunications footprint
FBR Solutions, a leading provider of telecommunications infrastructure services, has acquired RTS Associates in a strategic move aimed at expanding its national capabilities in telecommunications design, engineering, and turnkey network deployment. Founded in 1998, RTS Associates has built a reputation for delivering high-performance network solutions to major telecommunications operators, municipalities, EMCs, CATV, and wireless carriers…
Buru Energy sells 2H Resources subsidiary to Koloma in $2 million deal
SYDNEY: Buru Energy Limited (ASX:BRU) has finalized agreements with Koloma Australia Pty Ltd for the sale of its geologic hydrogen-focused subsidiary, 2H Resources Pty Ltd (2HR), and non-core exploration assets in Western Australia’s Canning Basin. The deal, worth up to $2 million, includes an initial $1 million payment and additional staged payments tied to license…
Ecore acquires HTI Recycling to advance circular economy strategy
LANCASTER: Ecore International, a global leader in transforming reclaimed rubber into high-performance, sustainable products, has acquired Lockport, N.Y.-based HTI Recycling, expanding its materials innovation and reinforcing its circularity mission. The transaction includes HTI subsidiaries Edge Rubber Recycling and D&G Heavy Equipment Leasing, uniting two family-run firms with a shared commitment to environmental impact, product quality…
Atlas VMS acquires AIM-Port to expand tech-driven appraisal solutions
MIAMI: Atlas Valuation Management Solutions (Atlas VMS) has acquired AIM-Port, a specialized order management platform originally developed by an appraisal management company (AMC). The strategic acquisition aims to bolster Atlas’s technology offerings and reinforce its commitment to collaborative innovation within the appraisal and lending ecosystem. Erik Morin, CEO of Atlas VMS, emphasized the company’s mission…
SK Capital enters exclusive negotiations to acquire Lisi Medical from LISI Group
NEW YORK: SK Capital Partners LP, a New York-based private investment firm specializing in specialty materials, ingredients, and life sciences sectors, announced Thursday it has entered into exclusive negotiations to acquire LISI Group’s medical division, Lisi Medical. The proposed deal, still subject to antitrust and foreign investment reviews, as well as employee consultation processes, is…
Chariot to acquire majority stake in Nigerian lithium projects
PERTH: Chariot Corporation Ltd. announced plans to acquire a 66.7% stake in a portfolio of lithium projects in Nigeria through a joint venture with Continental Lithium Limited. The deal, valued at $1.5 million in cash and 42 million shares, positions Chariot as a key player in Africa’s burgeoning lithium sector. The portfolio spans 254 square…
PPK Group merges subsidiaries White Graphene Limited and BNNT Technology
BRISBANE: PPK Group Limited (ASX: PPK) announced Thursday the successful merger of its subsidiaries, White Graphene Limited (WGL) and BNNT Technology Pty Ltd, into a single nanomaterials business. Under the terms of the deal, WGL acquired 100% of BNNT’s shares in exchange for WGL equity. Post-merger, PPK’s direct stake in WGL increased to 49.32%, up…