LOS ANGELES: Entertainment Partners, a global leader in payroll and financial management for the entertainment industry, announced Tuesday it has agreed to acquire CASHét Entertainment, LLC, a top provider of digital payment solutions for film and TV productions. The acquisition will enhance EP’s ability to offer faster, more accurate financial services to productions worldwide. CASHét’s…
UKG acquires Shiftboard to expand workforce management solutions for critical industries
LOWELL: UKG, a leading provider of HR, payroll and workforce management solutions, announced Friday it has acquired Shiftboard, a top employee scheduling software platform for mission-critical industries, including oil and gas, energy and manufacturing. Shiftboard, trusted by companies such as BASF, Bridgestone, Daisy Brand and Shell, specializes in solving complex workforce scheduling challenges. Its platform…
pWin.ai raises $10 million in seed funding to expand AI-powered proposal writing platform
RESTON: pWin.ai, an artificial intelligence platform designed to streamline government and business proposal writing, announced Tuesday it has raised $10 million in a seed funding round led by MicroStrategy co-founder Sanju Bansal, Blue Delta Capital and other government contracting (GovCon) industry leaders. The investment will fuel product development, customer acquisition and market expansion for the…
SpyGlass Pharma secures $75 million Series D financing
LOS ANGELES: SpyGlass Pharma has closed a $75 million Series D financing round to advance its ophthalmic Drug Delivery Platform, the company announced Monday. The round was led by Sands Capital, with participation from Gilde Healthcare and existing investors, including New Enterprise Associates, RA Capital, Vensana Capital, Samsara BioCapital and Vertex Ventures HC. The funding…
BioNTech and Bristol Myers Squibb partner to develop cancer treatment
FRANKFURT: BioNTech SE (NASDAQ: BNTX) and Bristol Myers Squibb (NYSE: BMY) announced Monday a global collaboration to co-develop and co-commercialize BioNTech’s experimental bispecific antibody, BNT327, for treating solid tumors. The partnership aims to accelerate the development of BNT327, which targets PD-L1 and VEGF-A, two key pathways in cancer progression. The antibody is currently being tested in multiple global Phase…
TP ICAP Group has acquired Neptune Networks
LONDON: TP ICAP Group, a leading global provider of financial market infrastructure, has announced the acquisition of Neptune Networks, an independent financial data company jointly owned by a consortium of some of the world’s top investment banks. Neptune provides buyers with high-quality, real-time pre-trade bond market data from multiple sell-side banks to buy-side clients. By integrating…
Marks & Spencer reports strong growth amid cyber incident challenges
LONDON: Marks & Spencer Group plc (M&S) announced robust financial performance for the 2024/25 fiscal year, with group revenue rising 6% to £13.8 billion and profit before tax reaching £875.5 million, a 22.2% increase. However, the retailer faces significant disruption from a recent cyberattack, which it estimates will impact profits by approximately £300 million in the coming…
Harwood Private Equity in advanced talks over possible Frenkel Topping acquisition
LONDON: Frenkel Topping Group plc, a financial services firm specializing in asset management and investment advice, confirmed Monday that its independent directors are engaged in advanced discussions with Harwood regarding a potential cash acquisition offer. The Possible Offer would be made by Harwood through a newly formed, privately held special purpose vehicle, Bidco, and would encompass Frenkel Topping’s…
Pakistan moves forward with trade liberalization
KARACHI: Pakistan is moving ahead with significant trade liberalization measures, including the phased elimination of Additional Customs Duty (ACD), as part of its commitment under the International Monetary Fund (IMF) program. While the reforms are expected to enhance competitiveness and lower import costs, concerns persist over the potential fiscal impact on government revenues and domestic industries. The…
Rosebank Industries in talks to acquire Electrical Components International
LONDON: Rosebank Industries PLC said Monday it has resumed discussions with Cerberus Capital Management LP about a potential acquisition of Electrical Components International Inc. for less than $1.9 billion. ECI, a U.S.-based manufacturer of electrical distribution systems, serves a range of industrial markets. The deal, if finalized, would align with Rosebank’s acquisition strategy and be funded through…
Soul Patts, Brickworks to merge in $14 billion deal
SYDNEY: Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced a transformative merger, bringing together two of Australia’s most prominent investment and industrial groups in a deal valued at $14 billion. The boards of both companies unanimously approved the merger, which will eliminate cross-shareholding complexities and create a newly capitalized ASX-listed entity,…
Cash Converters secures £12 million funding from Lloyds Bank, acquires 10 UK franchise stores
SYDNEY: Cash Converters International Limited, a global consumer lender and second-hand goods retailer, announced Tuesday it has finalized a £12 million ($15.7 million) growth funding facility with Lloyds Bank. The company also reached an agreement to acquire 10 franchise stores in the U.K., advancing its strategy to expand its corporate-owned network. The new financing will…