MILAN, ITALY: Innovative RFK (i-RFK, an investment holding company that invests mainly in innovative start-ups and innovative SMEs, has agreed to acquire 10% stake with a call option for a further 8% to be exercised by 2023, in the share capital of Zuclem, owner of the “PokeScuse” brand. The operation shall be functional to the…
CI&T acquires digital product agency, Somo Global for $67mn
CAMPINAS, BRAZIL: CI&T (NYSE: CINT) executed an agreement to acquire Somo Global Ltd, a UK headquartered digital product agency. The base purchase price for the acquisition is £49 million (US$ 67 million), of which up to 25% will be paid in the form of Class A Common shares of CI&T, plus an earn-out clause of…
Craig Foster appointed CEO of Circulus Holdings
HOUSTON: Circulus Holdings announced that Craig Foster has been appointed CEO. Circulus Holdings is focused on the conversion of plastic waste into post-consumer resins (PCR) utilizing world-class mechanical recycling solutions. Circulus contributes to the circular economy by recycling plastics to their highest and best use while eliminating waste. The company is headquartered in Houston, Texas…
Dr. Askarpour appointed CEO of Innovative Solutions & Support Inc.
EXTON: Innovative Solutions & Support Inc. (NASDAQ: ISSC) has appointed Dr. Shahram Askarpour, company’s President, to the role of Chief Executive Officer. Dr. Askarpour’s appointment follows yesterday’s announcement of the untimely passing of former IS&S Chairman and CEO Geoffrey S. M. Hedrick. Dr. Askarpour commented: “We are deeply saddened by the sudden loss of Geoff…
Hanshow making its US market debut at the NRF Big Show
NEW YORK: Hanshow, a digital retail solutions provider, is making its US market debut at the annual NRF Big Show in New York. Hanshow was founded ten years ago with an initial focus on just electronic shelf labels (ESL). After often triple digit annual growth, expansion across Europe, Asia Pacific and 50 countries around the…
NineDot Energy partners with Carlyle for 400MW clean energy by 2026
NEW YORK: NineDot Energy has announced a strategic investment from funds managed by global investment firm Carlyle. Carlyle’s investment will enable NineDot to develop, build, and operate over 400 megawatts (MW) of clean energy systems by 2026 that strengthen local power grid infrastructure and provide stable, reliable, and resilient power to tens of thousands of…
SimiGon to merge with Power Breezer and Maxify Solutions
LONDON, UK: SimiGon Ltd has entered into a definitive agreement to merge with Power Breezer Sub Ltd and Maxify Solutions Inc. The consideration for the SimiGon merger attributes a valuation to the company of $8.5 million. Assuming shareholder approval of the resolutions at the Special General Meeting of Shareholders and completion of the merger, it is proposed…
Gelesis Holdings begins trading on NYSE under the symbol “GLS”
LONDON, UK: PureTech Health plc , a clinical-stage biotherapeutics company noted that its Founded Entity, Gelesis, Inc. announced the completion of its business combination with Capstar Special Purpose Acquisition Corp. The publicly traded company will be known as Gelesis Holdings Inc. and will begin trading on the New York Stock Exchange under the ticker symbol “GLS”…
Foxtons Group announces disposal of Douglas & Gordon sales business
LONDON, UK: Foxtons Group, London’s leading estate agency, announced disposal of the D&G sales business and all of its branches, by way of the sale of Douglas & Gordon Limited (D&G), and the integration of the D&G lettings business into the Foxtons network. Strategic rationale The acquisition of lettings books and businesses is a key…
Observe Medical ASA to acquire Biim Ultrasound for EUR 18.5mn
OSLO, NORWAY: Observe Medical ASA will acquire 100% of the shares in Biim Ultrasound AS at approximately NOK 185 million (EUR 18.5 million) in cash and shares. The agreement further strengthens Observe Medical’s position as a Nordic-based medtech platform with global reach. The Company will continue its focus on improving patient welfare and outcome, promoting…
iCandy to acquire gaming backend technology provider, Gameconomy
SYDNEY, AUSTRALIA: iCandy Interactive has signed a binding term sheet to acquire a 60% shareholding in gaming backend technology tools provider Gameconomy for a cash and share equivalent consideration of A$497,297. Based in Kuala Lumpur, Malaysia, Gameconomy is a gaming backend technology development company that has progressed through two global incubator/accelerator programs: Founder Institute and…
SSR Mining agrees to sell Pitarrilla project in Mexico for $127mn
DENVER: SSR Mining Inc. has entered into a definitive agreement to sell its Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. for total consideration of up to US$127 million. Total consideration consists of US$35 million in cash, US$35 million in Endeavour Silver shares (with the number of shares to be issued based on the…