SINGAPORE: mm2 Asia Ltd has received a non-binding term sheet from a Singapore private equity investor expressing interest in a potential acquisition involving a minority stake in one of the mm2’s core businesses. mm2 Asia Ltd. Had made and announcement earlier in relation to the proposed renounceable underwritten rights issue by the company. The Company…
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Avacta Group raises £16 million in equity fundraise, extends cash runway
LONDON: British biopharmaceutical company Avacta Group Plc (AVCT.L) said on Monday it has raised approximately £16 million ($20.5 million) in an oversubscribed share placing, providing it with working capital to progress its cancer drug development programs into the second half of 2026. The company, which is developing targeted cancer therapies using its pre|CISION platform, placed…
Spark sells 75% stake in data center business to Pacific Equity Partners for up to $705 million
SYDNEY: Spark New Zealand has agreed to sell a 75% stake in its data center business to Pacific Equity Partners (PEP). The deal values the business at up to $705 million. This sale is intended to provide a funding pathway for Spark’s planned data center development pipeline of over 130MW+. Spark will retain a 25%…
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…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
River Global to acquire Devon Equity Management in to bolster European equities expertise
LONDON: River Global PLC, an agile asset and wealth management firm, has signed heads of terms to acquire Devon Equity Management Limited, marking a significant expansion into European equity investment. Under the proposed deal, Devon’s senior management—who own the firm—will receive up to 41 million A Ordinary Shares in River Global. This comprises an initial…
What is EBITA meaning: Earnings Before Interest, Taxes, and Amortization – A Comprehensive Guide
EBITA meaning EBITA stands for Earnings Before Interest, Taxes, and Amortization. It is a financial metric used to evaluate a company’s operating profitability by excluding the effects of: Unlike EBITDA, which also excludes depreciation, EBITA includes depreciation but removes amortization. Purpose and Importance of EBITA EBITA is used to: When EBITA is Preferred Over EBITDA or EBIT How to Calculate EBITA (Two Methods) Method…
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…
Patria Private Equity Trust has sold portfolio of fund investments for £180 million
LONDON: Patria Private Equity Trust plc (PPET) has announced the completion of the sale of a portfolio of 14 fund investments for approximately £180 million. This disposal resulted in a combined overall return of 1.9x Multiple on Invested Capital and a 16% Internal Rate of Return (IRR) for the divested funds. The divested funds, which…
ArcelorMittal takes over Nippon Steel’s 50% equity stake in Calvert Joint Venture
AMSTERDAM: ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (“NSC”) to purchase NSC’s 50% equity interest in the AM/NS Calvert Joint Venture. The transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel. The Transaction is subject…
Platinum Equity and Butterfly jointly acquired Rise Baking Company
LOS ANGELES: Global investment firm Platinum Equity and Los Angeles-based private equity firm Butterfly specializing in the food sector, today announced the acquisition of Rise Baking Company. Platinum Equity and Butterfly will be equal partners in the investment. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q4 2024….
Superdry chalks out turnaround plan including restructuring, equity raise, and delisting
LONDON, UK: Superdry Plc has unveiled a comprehensive package of measures aimed at revitalizing its operations and ensuring long-term success. The fashion retailer is set to implement a significant restructuring plan, raise equity, and delist from the London Stock Exchange. Peter Sjӧlander, Superdry Plc Chairman, commented: “The Board has spent a lot of time engaging…