Allure Security, a leading provider of online brand protection services, has successfully closed a $10 million Series A funding round. The round was spearheaded by Curql, a strategic fintech investment firm, with participation from new investor Jens Montanana, Datatec’s Founder and CEO, alongside existing backers Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital….
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ARCA biopharma and Oruka Therapeutics announce merger agreement
ARCA biopharma, Inc. (NASDAQ: ABIO) and Oruka Therapeutics have announced a definitive agreement to merge in an all-stock transaction, poised to reshape the chronic skin disease treatment landscape. The new entity, retaining the name Oruka Therapeutics, Inc., will focus on advancing a pipeline of potentially best-in-class biologics, including ORKA-001 and ORKA-002, targeting IL-23p19 and IL-17A/F…
Alterome Therapeutics raises $132 million in Series B led by Goldman Sachs Alternatives
SAN DIEGO: Alterome Therapeutics, Inc., a trailblazer in the biopharmaceutical industry, has successfully completed a Series B financing round, raising a substantial $132 million. This funding marks a pivotal step for the company as it aims to transition multiple innovative cancer treatments from the laboratory to clinical trials. “We are pleased with a financing of…
gWorks has acquired Pennsylvania-based Freedom Systems
gWorks, a leading software provider for local governments and public agencies, has announced the acquisition of Freedom Systems, a Pennsylvania-based software firm with a longstanding reputation in the industry. Effective March 27, 2024, the acquisition is a key component of gWorks’ growth strategy, marking its seventh acquisition in a decade and the fourth in the…
Blue Owl Capital acquires Kuvare Asset Management in a $750 million deal
Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has announced a definitive agreement to acquire Kuvare Insurance Services LP, doing business as Kuvare Asset Management (KAM), for a total consideration of $750 million. KAM, known for its specialized asset management services tailored to the insurance sector, will be integrated into Blue Owl’s…
Arçelik has acquired Whirlpool’s MENA operations
ISTANBUL: Arçelik, the parent company of consumer brand Beko, has completed the acquisition of Whirlpool’s operations in the Middle East and North Africa (MENA), marking a pivotal point in its expansion strategy. This acquisition sees Arçelik taking ownership of Whirlpool’s entities in the UAE and Morocco, as well as overseeing Whirlpool’s Major Domestic Appliance (MDA)…
3E acquires Quick-FDS, bolsters position in French market
3E, a global leader in compliance solutions for chemical safety and product stewardship, has finalized the acquisition of Quick-FDS, a top provider of workplace safety solutions in France. This strategic move, previously announced and now completed, significantly enhances 3E’s European footprint, particularly strengthening its leadership in the French market. Quick-FDS, formerly under WEKA Group, collaborates…
Brera Partners acquires 70% shares in GBSAPRI Group in Italy
ZURICH: Brera Partners, a private equity firm with a focus on the asset-light financial services industry, has acquired a 70% stake in the esteemed Italian insurance broker, GBSAPRI Group. While the financial specifics of the deal remain undisclosed, this acquisition marks a significant step in Brera Partners’ strategy to strengthen its position in the Italian…
Veracode acquires Longbow Security to enhance cloud-native application protection
Veracode has acquired Longbow Security, a pioneer in security risk management. This acquisition signifies Veracode’s intensified focus on reducing application risk across expanding digital landscapes. “Security teams are overwhelmed by alerts that are often not sufficiently detailed about the level of business risk, the concrete possibility that a flaw will be exploited, and specific code-level…
Genmab A/S acquires ProfoundBio in a landmark $1.8 billion deal
Genmab A/S (Nasdaq: GMAB) has announced the acquisition of ProfoundBio, Inc., a clinical-stage company specializing in advanced antibody-drug conjugates (ADCs) for cancer treatment. The all-cash transaction, valued at $1.8 billion, is set to enhance Genmab’s clinical pipeline and expand its proprietary technology platforms. ProfoundBio, known for its innovative ADC technologies targeting ovarian cancer and other…
MEDIROM Healthcare Technologies to acquire Japan Gene Medicine Corporation for 2.4 billion yen
NEW YORK: MEDIROM Healthcare Technologies Inc., a leader in the health management services industry, has announced its decision to acquire Japan Gene Medicine Corporation, aiming to make it a subsidiary. The announcement came following a Board of Directors meeting on March 29, 2024, where a Memorandum of Understanding (MOU) was agreed upon to initiate the…
SLB to acquire ChampionX Corporation in an all-stock transaction
HOUSTON: SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) announced today a definitive agreement for SLB to acquire ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. According to the terms of the agreement, ChampionX shareholders will receive 0.735 ordinary shares of SLB in exchange for each share…