CHARLOTTE: Driven Brands Holdings Inc. (NASDAQ: DRVN), the largest automotive services company in North America, announced Tuesday that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC, operating as Whistle Express Car Wash, for $385 million. “This transaction will enable Driven Brands to reduce debt…
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Heitman LLC acquires majority stake in Swedish self-storage operator Servistore
STOCKHOLM: Heitman LLC, a global real estate investment management firm, announced today the acquisition of a majority stake in Servistore, the third largest self-storage operator in Sweden. The transaction was made on behalf of Heitman’s European value strategy, furthering the firm’s investment in the growing global demand for self-storage. Servistore operates 31 sites, with 25…
Prosus N.V. to acquire Just Eat Takeaway.com
AMSTERDAM: Prosus N.V. (AEX and JSE: PRX), a global technology company, announced today that it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS: TKWY). The acquisition aims to create the fourth largest food delivery group globally. Prosus plans to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share through…
Carlyle and SK Capital Partners acquire bluebird bio
BOSTON: bluebird bio, Inc. (NASDAQ: BLUE) announced today that it has reached a definitive agreement to be acquired by funds managed by global investment firms Carlyle (NASDAQ: CG) and SK Capital Partners, LP, in collaboration with a team of biotech executives. The transaction will see David Meek, former CEO of Mirati Therapeutics and Ipsen, take over as…
Argan Inc. names Brian Orlandi as CEO of SMC Infrastructure Solutions
NEW YORK: Argan, Inc. (NYSE: AGX) announced the appointment of Brian Orlandi as the Chief Executive Officer of its subsidiary, SMC Infrastructure Solutions (SMCiS). Orlandi, who brings over 25 years of industry experience, is set to lead SMCiS through its next phase of growth and innovation. Orlandi previously held roles such as Vice President and…
Celsius Holdings to acquire Alani Nutrition for $1.8 billion
Celsius Holdings, Inc. (Nasdaq: CELH) has entered into a definitive agreement to acquire Alani Nutrition LLC for $1.8 billion, including $150 million in tax assets, resulting in a net purchase price of $1.65 billion in cash and stock. This acquisition merges two growing brands in the U.S. energy drink market, forming a leading functional lifestyle…
Consor Holdings LLC acquires Park Engineering
MIAMI: North America’s infrastructure engineering and consulting firm, Consor Holdings LLC, announced the acquisition of Park Engineering, a distinguished program and construction management (PM/CM) firm serving California public agencies. Park Engineering specializes in PM/CM services for infrastructure projects including roadways, bridges, water, and wastewater lines. “Park’s expertise and established relationships align perfectly with our vision…
Cosette Pharmaceuticals acquires Mayne Pharma Group for $430 million
NEW YORK: Cosette Pharmaceuticals, Inc., a U.S.-based pharmaceutical company, announced Thursday that it has entered into a definitive agreement to acquire all outstanding shares of Mayne Pharma Group Limited (ASX: MYX) for AUD $7.40 per share. The total consideration for the transaction is approximately USD $430 million. The Boards of Directors of both companies have…
Riley parenting platform secures $3.1 million in seed funding
SAN FRANCISCO: Riley, an all-in-one parenting platform, has announced the successful completion of a $3.1 million seed funding round and the launch of its beta program for an app aimed at supporting early parenthood. The app combines AI technology and expert insights grounded in research to offer proactive and on-demand guidance for parents. The funding…
Lazard appoints Chris Miller as Managing Director in Power, Energy & Infrastructure
HOUSTON: Lazard, Inc. (NYSE: LAZ) announced Wednesday that Chris Miller has joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. In his new role, Miller will advise clients in the Energy industry, with a focus on Oil & Gas. “Chris brings a wealth of expertise and a proven…
Colgate-Palmolive to acquire Prime100 Pet Food brand
NEW YORK: Colgate-Palmolive Company (NYSE:CL) announced Wednesday its agreement to acquire Care TopCo Pty Ltd, the owner of the Prime100 pet food brand, as part of its growth strategy. This move will expand its Hill’s Pet Nutrition division into the fast-growing fresh pet food market while complementing its existing science-led, veterinarian-endorsed specialty diets and strengthening…
Arajet launches U.S. operations with flights to San Juan and Miami
SANTO DOMINGO: Arajet, the flagship airline of the Dominican Republic, has launched its United States operations with flights connecting the Dominican Republic to Miami and San Juan, Puerto Rico. New York flights are expected to commence soon. Tickets for flights to 25 destinations are now available, with one-way fares starting at $84. The airline will…