LONDON, UK: RTW BIO, a biopharmaceutical and medical technology investment company, has completed its investment in Arix Bioscience, a life sciences venture capital firm, ahead of their planned merger. RTW BIO has acquired a 25.5% stake in Arix from Acacia Research Corporation for US$57 million, or £1.37 per share, and has committed to vote in…
Tag: merger
LibertyFi and Aptus Capital Advisors merge to become a $20bn asset manager
LibertyFi, a technology and operations consultancy, and Aptus Capital Advisors, a CIO support and OCIO practice, have announced their merger to create a firm that can provide custom solutions for registered investment advisors (RIAs). The new firm will service over $20 billion in client assets and offer a range of services, from full outsourcing of…
LondonMetric Property to acquire LXi REIT in a £1.9 billion deal
LONDON: LondonMetric Property and LXi REIT have reached agreement on the terms of a recommended all-share merger. The terms of a proposed all-share merger between LondonMetric Property and LXi REIT have been agreed upon. As per the agreement, LondonMetric Property will take over all the existing and future ordinary shares of LXi at a ratio…
Curi and RMB Capital complete merger, forming $11.3 billion advisory firm
Curi, a national healthcare advisory firm, has finalized its acquisition of RMB Capital and the merger of its subsidiary Curi Capital with RMB, creating Curi RMB Capital, a registered investment advisory firm with more than $11.3 billion in assets under advisement. The terms of the deal were not disclosed. The new firm will be led…
Cyclo Therapeutics and Applied Molecular Transport complete merger deal
Cyclo Therapeutics, Inc. (Nasdaq: CYTH), a clinical stage biotechnology company, and Applied Molecular Transport Inc. (Nasdaq: AMTI), a biopharmaceutical company, have finalized their merger in an all-stock transaction. The new company will retain the name Cyclo Therapeutics, Inc. and the ticker symbol CYTH, and will focus on developing a treatment for a rare and neurological…
LondonMetric and LXi in talks over possible merger
LONDON: LondonMetric Property plc and LXi REIT plc, two UK-based real estate investment trusts (REITs), have confirmed that they are exploring a possible all-share merger that would create a £6.4 billion property giant. The two companies issued a joint statement on Monday, following recent media reports, saying that they are in discussions about a deal…
Norwegian insurance companies, Fremtind Forsikring and Eika Forsikring to merge in 2024
OSLO, NORWAY: Two Norwegian insurance companies, Fremtind Forsikring AS and Eika Forsikring AS, have agreed to merge in 2024, creating a new entity called Fremtind Forsikring. The merger is subject to regulatory approval and the signing of a final transaction agreement. The deal involves the owners of the two companies, SpareBank 1 Gruppen AS, DNB…
Sigma Healthcare agrees to merge with CW Group Holdings
SYDNEY, AUSTRALIA: Sigma Healthcare Limited, a major Australian pharmaceutical wholesaler and pharmacy franchisor, has agreed to merge with CW Group Holdings, a leading retail pharmacy franchisor that operates under the Chemist Warehouse brand. The merger will create a full-service healthcare wholesaler, distributor and retail pharmacy franchisor with a market capitalisation of over $8.8 billion. Sigma…
GCON announces merger of its investment in Rural Broadband with Voneus Broadband
LONDON, UK: Global Connectivity plc (AQSE: GCON), a company focused on communication services and technologies that enhance connectivity, has announced a significant development in its investment in Rural Broadband Solutions Holdings Limited (“RBSHL”), a company that provides broadband services to rural communities in the UK. RBSHL, which is majority owned by Tiger Infrastructure Partners, a…
Spirit Super and CareSuper to merge
Two of Australia’s largest industry super funds, Spirit Super and CareSuper, have announced a merger agreement. The combined entity will have more than 500,000 members and $45 billion in funds under management (FUM). The merger is expected to be completed by the end of 2024. In a joint statement, the chairs of Spirit Super and…
ASB Bank to merge with its finance subsidiary and take over its debt obligations
LONDON, UK: ASB Bank Limited (ASB), one of New Zealand’s leading banks, has announced that it will merge with its wholly-owned finance subsidiary, ASB Finance Limited (AFL), under the provisions of the Companies Act 1993 (New Zealand). The merger is expected to take effect on 15 June 2023. As a result of the merger, ASB…
UK regulator approves Viasat-Inmarsat merger
The UK’s Competition and Markets Authority (CMA) has given the green light for the $7.3bn acquisition of British satellite operator Inmarsat by its US peer Viasat, a deal first announced in November 2021. The CMA had launched an investigation into the deal last year, fearing that it might reduce competition in the market for satellite-enabled…