ROSEVILLE: Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, announced Tuesday it has completed the acquisition of PhillTech, LLC, an Alabama-based manufacturer of coagulants and corrosion control products for water treatment. The acquisition aligns with Hawkins’ strategy to expand its water treatment business. PhillTech has been a long-standing strategic partner of Hawkins,…
Tag: Mergers and Acquisitions
Brightstar Capital Partners completes PlayAGS acquisition in $1.1 billion deal
NEW YORK: Private equity firm Brightstar Capital Partners has completed its acquisition of PlayAGS, Inc. (NYSE: AGS), a global gaming supplier, in a deal valued at approximately $1.1 billion, company said on Monday. The transaction, first announced May 9, was finalized after receiving approval from AGS stockholders and necessary regulatory clearances. AGS shareholders will receive…
Shift4 to acquire Smartpay for NZ $296 million
SYDNEY: Smartpay Holdings Ltd. said Monday it has entered into a scheme implementation agreement to be acquired by U.S.-based Shift4 Payments, LLC for NZ$1.20 per share in cash, valuing the New Zealand payment provider at approximately NZ$296.4 million. The deal, to be executed via a court-approved scheme of arrangement under Part 15 of New Zealand’s…
Expert Institute bolsters expert witness services with acquisition of ECLS
New York: Expert Institute, the legal industry’s top provider of expert witness services and litigation intelligence, has acquired ExpertConnect Litigation Support (ECLS), a boutique firm known for its high-profile network of specialists in complex regulatory, commercial, and IP disputes. The deal strengthens Expert Institute’s dominance in the expert witness market, adding ECLS’s roster of elite…
Epassi Group acquires VIP District, expands employee benefits platform across Europe
HELSINKI: Epassi Group has acquired Spain-based VIP District, a leading employee rewards and engagement platform, marking a key step in its European expansion strategy. The deal follows Epassi’s recent purchase of U.K. benefits provider Zest and strengthens its presence in Spain, Portugal, Italy, Germany and the Netherlands. Founded in 2010, VIP District serves more than…
ST Group sells Gong Cha brand in the United Kingdom amid market shift
SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets 2…
KKR, Stonepeak raise cash offer for UK’s Assura in takeover bid
LONDON: Private equity firms KKR and Stonepeak have increased their cash offer for Assura plc, a UK-based healthcare property company, in a bid to outcompete a rival takeover attempt by Primary Health Properties (PHP). The consortium, operating through newly formed Sana Bidco Limited, announced Wednesday its “best and final” cash offer of 50.42 pence per…
Oakley Capital acquires majority stake in global advisory firm G3
LONDON: Oakley Capital VI, a fund managed by pan-European private equity firm Oakley Capital, has acquired a majority stake in G3, a global strategic advisory consultancy. The transaction marks the fund’s first investment since reaching its €4.5 billion hard cap earlier this year. Oakley Capital Investments Limited said its indirect contribution via Fund VI is…
Pakistan may boost IT services exports to $10 billion with strategic interventions
Pakistan could potentially boost its IT services exports to $10 billion in the near future, according to a recent study by the Pakistan Institute of Development Economics (PIDE). However, the study emphasizes that “strategic policy interventions are essential across short and long-term horizons to propel the IT industry into a robust era of sustainable growth…
CSS acquires R|L to enhance revenue performance solutions
The Center for Sales Strategy (CSS), a total revenue performance company, has announced the acquisition of Robertson Lowstuter (R|L), an industry-leading executive coaching firm. The deal, which was finalized on February 26, 2024, will enable CSS to offer a wider range of solutions to help organizations improve their revenue performance, from sales consultancy and lead…
Iliad to buy 19.8% stake in Tele2 from Kinnevik for $1.26 billion
French telecoms group Iliad, led by billionaire Xavier Niel, has agreed to buy a 19.8% stake in Swedish operator Tele2 from investment firm Kinnevik for 13 billion crowns ($1.26 billion), the companies said on Monday. The deal, which values Tele2 at a 13% premium to its closing price on Feb 23, will be completed in…
Aussie Broadband proposes to acquire Superloop in a $0.95 per share deal
SYDNEY: Aussie Broadband Limited (ASX:ABB), one of the leading broadband providers in Australia, has made a non-binding offer to buy out its rival Superloop (ASX:SLC) in an all-share transaction. The proposal values Superloop at $0.95 per share, based on the last closing price of ABB shares ($4.53 on 23 February 2024). This represents a 33.2%…