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%…
Tag: investment
Tech surge powers Wall Street to weekly gains amid tariff turmoil
Dow Jones climbs 207 points as investors shake off tariff fears; Apple leads tech rally with best week since 2020 NEW YORK: Stocks climbed Friday, capping a strong week for Wall Street as tech shares led the charge and investors shrugged off fresh tariff threats from President Donald Trump. The Nasdaq Composite rose 0.98% to…
Just Group reports dip in first-half profit, forecasts strong rebound in second half of 2025
CEO cites quieter DB market, announces 20% dividend increase amid strategic investments for future growth LONDON: Just Group PLC, a specialist in retirement solutions, reported mixed financial results for the first half of 2025, with a dip in underlying operating profit and sales attributed to a quieter market at the start of the year. However,…
KKR to acquire Zenith Energy in major infrastructure investment
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…
Trump approves U.S. Steel-Nippon merger with conditions on governance, jobs
WASHINGTON: President Donald Trump on Friday signed an executive order approving U.S. Steel’s merger with Japan’s Nippon Steel, following a national security agreement that grants the U.S. government a “golden share” in the combined entity. The agreement, announced by both companies, includes $11 billion in Nippon investments by 2028 and commitments to maintain domestic production,…
IIG sees major growth in China’s digital lottery market with Hui10 expansion
LONDON: Intuitive Investments Group plc (IIG), a closed-end investment company focused on high-growth opportunities, announced its half-year financial results for the six months ending March 31, 2025, emphasizing progress in its key asset, Hui10, a leader in China’s digital lottery transformation. Chairman Optimistic on Growth Sir Nigel Rudd, IIG’s chairman, said the company’s primary driver of…
Apax Funds to take Norva24 private
LONDON: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €14m in Norva24 Group AB on a look-through basis. On 7 May 2025, Apax XI Fund, acting through Nordahl BidCo AB, has had their recommended public offer to the…
Cardiogeni signs MoU with Sheikh Al Qassimi for £20 million investment
LONDON: Cardiogeni (AQSE: CGNI), a UK-based clinical-stage biotechnology company founded by 2007 Nobel Laureate Sir Martin Evans, has announced the signing of a memorandum of understanding (MoU) with the Private Office of Sheikh Al Qassimi. This agreement is set to facilitate direct investment and funding for the company’s clinical trials focused on novel heart failure…
Power Metal Resources secures £2 million investment, eyes uranium joint venture
LONDON: Power Metal Resources PLC (AIM:POW) has announced a substantial investment agreement with ACAM LP. The deal involves a £2 million investment through a loan note arrangement, accompanied by warrants, marking a strategic step forward for Power Metal’s global uranium ambitions. The legally binding subscription agreement with ACAM LP includes the issuance of loan notes…
PayPoint announces investment in Aperidata
LONDON: PayPoint Plc has today announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies delivering Open Banking solutions for clients across multiple sectors, including government, local authorities, charities…
HoneyNaps secures a $11.6 million Series B investment
BOSTON: HoneyNaps, an industry-leading South Korean company in artificial intelligence (AI) sleep data analysis, has closed its series B round of funding, securing $11.6 million. The series B funding is a successful achievement, nearly three times the $3.9 million raised through series A funding back in 2021. With the listing contract signed with Korea Investment…
OKX Ventures announces investment in Pencils Protocol
OKX Ventures today announced its investment in Pencils Protocol, the next-gen decentralized platform that offers auction services for blockchain-native assets and real-world assets (RWAs), along with unified and leveraged yield aggregation services for users to maximize asset utilization. As one of the largest native DeFi projects within the Scroll ecosystem, Pencils Protocol serves as an…