AMSTERDAM – Today, ABN AMRO Bank N.V. announces that it has reached agreement with Blackstone to acquire NIBC Bank. With the acquisition, ABN AMRO will add further scale to its retail banking activities, reinforcing its strong position in the Dutch market. Established in 1945, NIBC is a well-managed largely Dutch focused entrepreneurial bank specialised in…
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Saudi Arabia’s Almasar to Float 30% Stake in Tadawul IPO Following CMA Approval
RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone…
IG Group has sold Small Exchange Inc to Payward Inc for $100 million
LONDON: IG Group Holdings plc has completed the sale of Small Exchange Inc to Payward Inc (“Payward”), the parent company of the crypto exchange Kraken. The transaction values Small Exchange at $100.0m (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward stock. The sale results in a post-tax gain of…
PPHC files for proposed U.S. IPO, Nasdaq listing
LONDON: Public Policy Holding Company, Inc. a leading global strategic communications provider offering a comprehensive range of advisory services in the areas of Government Relations, Public Affairs and Corporate Communications, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common…
Court sanctions WSP’s final cash acquisition of Ricardo PLC
LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a scheme…
Chimera Investment Corporation has acquired HomeXpress Mortgage Corp. for $239.5 million
NEW YORK: Chimera Investment Corporation (NYSE: CIM) has completed the acquisition of HomeXpress Mortgage Corp. from certain affiliates of Seer Capital Management’s credit fund business and management sellers. HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as an originator of Agency mortgage loans with…
Helios Underwriting appointments Louis Tucker as Chief Executive Officer
LONDON: Helios Underwriting, the only publicly traded investment vehicle offering access to a diverse portfolio of syndicates at Lloyd’s, the world’s largest insurance market, announced the appointment of Louis Tucker as Chief Executive Officer. Subject to regulatory approval, it is anticipated that Louis will assume the role as CEO and join the Board in October. Louis…
Journeo plc has acquired Crime and Fire Defence Systems Limited (CFDS)
LONDON: Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators, local authorities, and the public transport networks that connect them, announced completion of the acquisition of Crime and Fire Defence Systems Limited (CFDS), a specialist infrastructure protection systems integrator in physical and cyber security solutions to the UK…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
Nvidia reports strong revenue, earnings as AI demand persists
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
Beazley Plc reports first-half profit decline amid strategic growth
Company posted a profit before tax of $502.5 million for the first half of 2025, a 31% decrease LONDON: Beazley plc, the specialist insurance company, announced Wednesday a profit before tax of $502.5 million for the first half of 2025, a 31% decrease from the $728.9 million reported in the same period last year. The…
Cash Converters expands Australian corporate store network with franchise acquisitions
SYDNEY: Cash Converters International Limited (ASX: CCV) has acquired 14 franchise stores across New South Wales, Queensland, and Victoria, continuing its aggressive expansion of corporate-owned outlets in Australia. The acquisitions include: All transactions were funded from available cash and completed at a blended earnings multiple of 4.3x EBITDA. The newly acquired stores are expected to…