Cheniere Energy Inc. (NYSE: LNG) through subsidiary Cheniere Marketing LLC, entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A. Under the agreement, Galp Trading has agreed to purchase approximately 0.5 million tonnes per annum (“mtpa”) of LNG for 20 years…
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TowerBrook Capital Partners and CD&R acquires R1 RCM Inc. for $8.9 billion
UTAH: R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions for healthcare providers, has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R), in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by…
C.H. Robinson sells European Surface Transportation business to sennder Technologies GmbH
C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) has announced to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This move is part of the Company’s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes…
Canva acquires generative AI company Leonardo.Ai
PERTH: Canva, a world leader in visual communication with more than 190 million monthly active users, today announced plans to acquire Leonardo.AI. “With Leonardo.Ai’s incredible foundational model, and team of 120 high-caliber researchers, engineers, and designers, this acquisition bolsters our ability to supercharge our growing suite of AI products while investing in continued research and innovation…
ACA Group has acquired Encore Compliance
LONDON: ACA Group has announced the acquisition of Encore Compliance, a leader in AI compliance software solutions. This acquisition enhances ACA’s Managed Services suite of people, processes, and technology, adding AI-enabled surveillance for expert network chaperoning and research calls to help asset managers and investment advisors comply with SEC, FCA, and ESMA regulations. Additionally, this…
Altana value chain management system announces $200 million series C investment
NEW YORK: Altana, the world’s first value chain management system, announced a $200 million series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate…
Cepton Inc. to be acquired by KOITO Manufacturing for $3.17 per share
Cepton Inc. (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, has signed a definitive agreement under which KOITO manufacturing co., ltd., a leading automotive tier one supplier, will acquire all of the outstanding capital stock of Cepton not owned by Koito for $3.17 per share in an all-cash transaction. Cepton…
Casey’s agrees to acquire Fikes, owner of CEFCO Convenience Stores, for $1.145 billion
IOWA: Casey’s General Stores Inc. (Nasdaq: CASY), one of the leading convenience store chains in the United States, announced an agreement to acquire Fikes Wholesale Inc., owner of CEFCO Convenience Stores, in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price…
Pelican Energy Partners acquires MillenniTek LLC
HOUSTON: Pelican Energy Partners announced the acquisition of MillenniTek, LLC. Headquartered in Knoxville, Tennessee, MillenniTek is a premier developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Since its inception in 2010 as a carve-out of Dyson Group PLC, the Company’s management team has successfully introduced new ceramic product lines and doubled overall…
Cowbell, a provider of cyber insurance, closes $60 million Series C equity investment
CALIFORNIA: Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence in key international markets, bolster…
MNT-Halan has acquired Turkish-finance company Tam Finans
CAIRO: MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market…
LQaaS platform Pitchit raises $2.5 million seed funding, led by Silicon Road Ventures
Pitchit, a pioneer in AI-powered Lead Qualification as a Service (LQaaS), closed an oversubscribed $2.5 million seed round, led by Silicon Road Ventures, with participation from Gray Ventures, Plug and Play, and Alchemist Accelerator.Pitchit’s LQaaS platform, available today, automates the first 24 hours of manual labor required to qualify inbound leads. To date, Pitchit has…