Spiber Inc. a pioneering biomanufacturing startup, has announced the successful closure of a funding round exceeding JPY 10 billion. The fresh capital, bolstered by additional contributions from current shareholders, is set to propel the mass production and global distribution of Spiber’s revolutionary Brewed Protein™ materials, marking a stride forward in the pursuit of a circular…
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UL Solutions Inc. sets IPO price at $28 per share
UL Solutions Inc., a renowned entity in safety science, has announced the pricing of its initial public offering (IPO) at $28.00 per share. The company is offering 33,800,000 shares of Class A common stock in an upsized IPO, with all shares being secondary and sold by UL Standards & Engagement. This nonprofit organization holds the…
Custom Agronomics has acquired BioTek Ag
Inverness Graham’s Green Light strategy, known for its commitment to environmental sustainability, has taken a significant step forward with the acquisition of BioTek Ag by its subsidiary, Custom Agronomics. This strategic move not only broadens Custom Agronomics’ offerings in eco-friendly plant nutrients and soil health solutions but also strengthens its market presence across the Midwest…
Getlink has acquired ChannelPorts Ltd, a British customs intermediary
Getlink (Paris:GET) has announced the strategic acquisition of ChannelPorts Ltd, a foremost British customs intermediary. With a history dating back to 1974 and situated in Folkestone, Kent, ChannelPorts boasts a dedicated workforce of 44 and reported revenues of approximately £10M in 2023. This acquisition is poised to address critical transportation challenges and simplify the complexities…
Anrok secures $30 Million in Series B Funding
Anrok, a leading global sales tax platform tailored for software companies, has successfully closed a $30 million Series B funding round. The round was spearheaded by Khosla Ventures and saw contributions from heavyweight investors such as Sequoia Capital and Index Ventures. Notably, the round also attracted individual investments from industry veterans like Karen Peacock, David…
Contentful appoints Karthik Rau as new CEO
Contentful, a leader in composable content platforms, has announced the appointment of Karthik Rau as its new Chief Executive Officer. Rau, succeeding Steve Sloan, brings over two decades of leadership and innovation to the role, having previously founded SignalFx and played a pivotal role in VMware’s early success. Rau’s vision for Contentful aligns with the…
Captura secures $45.3 million in expanded Series A round
Captura has successfully expanded its Series A funding round, amassing a total of $45.3 million. This infusion of capital is a testament to the company’s dynamic growth and its commitment to advancing its Direct Ocean Capture (DOC) technology—a promising solution that leverages the ocean’s inherent carbon absorption capabilities. The latest funding round welcomed National Grid…
Societe Generale to divest equipment financing business to Groupe BPCE for €1.1 billion
PARIS, FRANCE: Societe Generale’s Board of Directors has approved the signing of a Memorandum of Understanding with Groupe BPCE for the divestment of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF). Groupe BPCE would take over most of Societe Generale Equipment Finance activities, which offer tailor-made financing and leasing solutions for…
Vertex Pharmaceuticals to acquire Alpine Immune Sciences in $4.9 billion deal
Vertex Pharmaceuticals Incorporated (VRTX) has announced its plans to acquire Alpine Immune Sciences, Inc. (ALPN), a company dedicated to the discovery and development of novel protein-based immunotherapies. The acquisition, valued at approximately $4.9 billion, will see Vertex purchasing Alpine at $65 per share in an all-cash transaction. The strategic acquisition has received unanimous support from…
Stewart Information Services has acquired All New York Title Agency
Stewart Information Services Corporation (NYSE-STC) has announced the acquisition of All New York Title Agency, Inc., a prominent commercial boutique title company based in White Plains, New York. All New York, founded in 1995 by industry veterans Joseph Petrillo and John Martin, has established itself as a leader in the Affordable Housing, Supportive Housing, and…
Inverness Graham acquires employee benefits leader BenefitHub
Philadelphia-based buyout firm Inverness Graham, known for investing in technology-driven companies, has officially announced the acquisition of BenefitHub. Established in 1999, BenefitHub is renowned for its comprehensive voluntary benefits and employee engagement platform, which serves over 10 million employees worldwide. The platform is utilized by numerous Fortune 1000 companies, including industry giants such as Amazon,…
AIP Capital launches Phoenix Aviation Capital, a full-service aircraft lessor
AIP Capital (AIP), a global asset management and investment company, announced today the formation of Phoenix Aviation Capital, a full-service aircraft lessor focusing on financing modern, high-demand aircraft worldwide. Phoenix is wholly owned by an American insurance and financial services company that has approximately $11 billion in assets under management. As part of this transaction,…