Former Humane executives launch AI fact-checking startup, Infactory

Two former executives of Humane, the AI hardware startup, have launched a new artificial intelligence software venture called Infactory, which has successfully raised $4 million at a $25 million valuation.…

NNR October 8, 2024

Wire

QAD Inc. has acquired Phenix Software

SANTA BARBARA: QAD Inc., a prominent provider of cloud-based manufacturing and supply chain solutions, has acquired Phenix Software Inc. This acquisition aims to enhance manufacturers' productivity and factory performance. The…

NNR October 7, 2024

Wire

Butterfly Equity to acquire luxury wine company The Duckhorn Portfolio for $1.95 billion

LOS ANGELES: Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage sector, has entered into a definitive agreement to acquire The Duckhorn Portfolio (NYSE: NAPA), North…

NNR October 7, 2024

Wire

Mason Capital to acquire CB&I storage solutions business from McDermott International

NEW YORK: A consortium led by Mason Capital Management LLC in partnership with IES Holdings Inc. (Nasdaq: IESC), and other investors, has entered into a definitive agreement to acquire the…

NNR October 7, 2024

Wire

Vestis to sell 39% equity stake in Aramark Uniform Services Japan to Mitsui & Co.

Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation (AUSJ) to majority…

NNR September 30, 2024

Wire

Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions

NEW YORK: Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions and appointed Nick Alexander as President. Powderhorn, based in Brookfield, Connecticut, specializes in residential warranty and protection…

NNR September 25, 2024

Wire

Manfred Knof is leaving Commerzbank AG on September 30

LONDON: The acting CEO of Commerzbank AG, Manfred Knof, will leave the Bank on 30 September 2024. The 59‑year‑old and the Supervisory Board have agreed on this. On Tuesday, it…

NNR September 25, 2024

Wire

Nmbr, Canada’s payroll software provider, announces CAD $7.6 million in seed funding

TORONTO: Nmbr, Canada’s first dedicated embedded payroll software provider, announced CAD $7.6 million in seed funding to elevate the payroll ecosystem for businesses nationwide. Nmbr offers companies the ability to…

NNR September 24, 2024

Wire

Wind-powered maritime transport company, VELA, raises €40 million

NEW YORK: VELA, a pioneering French company innovating in 100% wind-powered maritime transport, is proud to announce a significant funding round of €40 million ($43 million USD)—a round led by…

NNR September 24, 2024

Wire

Karolinska Development AB divests its shareholding in Henlez ApS

STOCKHOLM: Karolinska Development AB (Nasdaq Stockholm: KDEV) announces the divestment of all its shares in the portfolio company Henlez ApS. Following the transaction, Karolinska Development's investment portfolio consists of eleven…

NNR September 23, 2024

Wire

BSE shares surge amid speculation of NSE IPO

Shares of the Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, soared by up to 9% in Mumbai trading on Friday, extending its weekly gains to approximately 38%. This surge…

NNR September 20, 2024

Wire

Platinum Equity and Butterfly jointly acquired Rise Baking Company

LOS ANGELES: Global investment firm Platinum Equity and Los Angeles-based private equity firm Butterfly specializing in the food sector, today announced the acquisition of Rise Baking Company. Platinum Equity and…

NNR September 17, 2024