PARIS, FRANCE: Sanofi, a global pharmaceutical company, has agreed to acquire Inhibrx, a clinical-stage biotech firm, for $30.0 per share in cash, or about $1.7 billion. The deal is subject to the spin-off of non-INBRX-101 assets into a new entity, New Inhibrx, which will be owned by Inhibrx’s shareholders and Sanofi. INBRX-101 is a…
LONDON, UK: Brickability Group (AIM: BRCK) has completed the acquisition of Topek Southern Limited (TSL) for a consideration of up to £48m through the acquisition of the entire issued share capital, business and operations of TSL Assets Limited. Established in 2009, Hampshire-based TSL delivers façade systems, fire remediation, roofing, and curtain wall solutions for…
LONDON, UK: Argus Media, the global leader in energy and commodity intelligence, has announced a strategic deal to buy out Hg’s stake in the company. Hg, the manager of HgCapital Trust plc, had invested in Argus in 2016 and will now exit with a 7% uplift over its carrying value. The deal will make…
INFICON, a leading provider of semiconductor Smart Manufacturing software, has acquired all assets of FabTime Inc, a cycle time management software and consulting company, on January 18, 2024. The financial terms of the deal were not disclosed. FabTime, founded in 1999, helps semiconductor manufacturers improve their cycle time, capacity, productivity, and profitability. Its software…
ITT Inc., a diversified manufacturer of critical components and technology solutions, announced today that it has completed its acquisition of Svanehøj Group A/S, a Danish company that specializes in pumps and services for low-emission and green fuels in the marine sector. The deal, which was announced on Nov. 1, 2023, is valued at €300…
OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT. ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius…
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services…
SYDNEY, AUSTRALIA: Namoi Cotton Limited has entered into a Scheme Implementation Agreement (SIA) with Louis Dreyfus Company Asia Pte. Ltd. (LDC) to acquire the remaining 83% of issued shares in Namoi that it does not currently own, by way of a scheme of arrangement. Under the Scheme, Namoi shareholders will receive a total cash…
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS), a leading provider of payroll services for charter schools in the US. The acquisition will enable School Payroll Services to access Payroll Growth Partners’s state-of-the-art payroll technology, which includes innovative features such as the WageLink App and Early Wage Access (EWA) services. The deal…
Bersh HOA, LLC, a company that partners with independent community management companies across the US, has acquired Marsh Landing Management Company, Inc., a boutique property management firm for HOA communities in Northeast Florida. The acquisition is part of Bersh HOA’s mission to grow its presence in the property management industry and offer owners an…
LONDON: Accrol Group (AIM: ACRL), the UK’s leading independent tissue converter, has completed the acquisition of Severn Delta Limited, a £5m revenue wet wipe and tumble dryer sheet manufacturer based in Somerset, for an EBITDA multiple of less than 3x before synergies. The acquisition was funded from the Group’s existing cash reserves. The acquisition…
PARIS: La Francaise De L Energie (FDE), a carbon negative energy producer listed on Euronext, has agreed to acquire a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The deal, worth up to €41.9 million, will allow FDE to expand…