DUBLIN: CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, announced an extension of the company’s relationship with Wizz Air Holdings Plc with an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft. Wizz Air is expected to receive four A321neos in the fourth quarter…
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Chevron Phillips Chemical names B.J. Hebert executive vice president and chief operating officer
THE WOODLANDS: Chevron Phillips Chemical Company LLC announced that B.J. Hebert will join the company as executive vice president and chief operating officer, effective November 1. In this newly created role, Hebert will have responsibility for the company’s manufacturing operations and commercial functions. “B.J. is a proven leader who brings to CPChem deep industry experience…
Forward Air Corp acquires Value Logistics for $2.25 million
GREENEVILLE: Forward Air Corporation has entered into an agreement to acquire the assets of Value Logistics Inc., a privately held intermodal drayage provider for $2.25 million. Value Logistics generates approximately $6 million in annual revenue. The transaction will be funded from cash on hand and will close in October 2020. Forward Air Corporation is executing…
Accenture acquires New Zealand-based SAP and cloud solutions technology firm Zag
AUCKLAND: Accenture has acquired New Zealand-based SAP and cloud solutions technology firm Zag, a news release said. Terms of the transaction are not being disclosed. The acquisition will bolster Accenture’s New Zealand and Australian digital transformation capabilities to meet increased demand from organisations migrating to the cloud and SAP’s next generation products. Zag has offices…
Halo Labs signs agreement to acquire Canmart in a share exchange deal
TORONTO: Halo Labs Inc. has entered into a definitive share purchase agreement to acquire all of the issued and outstanding shares of Canmart Ltd. in exchange for up to 72.463 common shares of Halo. Canmart is a licensed importer and distributor of cannabis-based products for medicinal use (CBPMs) in the United Kingdom. Issuance of certain…
HyperChain Capital to increase investments in DeFi projects
SINGAPORE: HyperChain Capital has announced plans to increase investments in innovative DeFi (decentralized finance) projects. There has been a significant growth in the decentralized finance segment of the blockchain over the past two months and it is expected to continue. Since the end of August 2020, the total value locked in DeFi space has increased…
Heather Simonsen named President of PQ Bypass Inc.
MILPITAS: PQ Bypass Inc., has named Heather Simonsen as its President. With this appointment, PQ Bypass now outperforms 90% of Health Technology companies with regards to women representation at the executive level. PQ Bypass is a medical device company pioneering innovative advancements in the treatment of complex Peripheral Artery Disease (PAD). “With almost 30 years…
Frontier Communications prices $1.150 billion offering
NORWALK: Frontier Communications Corporation has priced its previously announced offering of $1.150 billion aggregate principal amount of First Lien Secured Notes due 2027 in a private transaction, a news release said. The First Lien Secured Notes will bear interest at 5.875% per year and will be sold at a price equal to 100% of the…
Kit Check and Sandoz to launch RFID-tagged generic injectables in October 2020
WASHINGTON: Kit Check in collaboration with Sandoz announced that two Radio Frequency Identification (RFID)-tagged injectable generic Sandoz products will be available in United States hospitals in October 2020. The first two medicines include Anectine 200 mg/10mL and Rocuronium 50mg/5mL and 10mg/5mL. Several more Sandoz medicines are expected to be made available pre-tagged with DoseID compliant…
Advised by Sixpoint Partners, Brand Velocity Partners finalizes acquisition of BBQGuys
NEW YORK: Brand Velocity Partners (BVP) has finalized the acquisition of BBQGuys, the largest e-commerce platform of higher-end barbeque grills, grilling accessories, and outdoor kitchen products, a news release said. Sixpoint Partners served as exclusive global equity placement advisor. Sixpoint raised an undisclosed amount in equity and debt capital, resulting in oversubscribed demand for participation…
Conrad Energy Acquires Viridis Power bringing its operational portfolio to over 440MW
ABINGDON: Conrad Energy has agreed to acquire Viridis Power, more than doubling its share of flexible generation for the UK power market, and bringing its operational portfolio to over 440MW at 28 sites across the UK and equivalent to the average hourly electricity needs of one million homes, a news release said. The acquisition further…
Dimitris Psillakis to advance Mercedes-Benz Cars North American operations
ATLANTA: The Daimler Board of Management has appointed Dimitris Psillakis as Head of Marketing and Sales, Mercedes-Benz Cars North America and CEO of MBUSA, effective January 1, 2021. The announcement was made by Britta Seeger, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, responsible for Marketing and Sales, to whom Psillakis…