LONDON: Minute Media, a global sports content and technology company, announced Tuesday it has acquired VideoVerse, a leader in AI-driven video editing, in a strategic move to build a comprehensive content solution for the sports and media industries. The acquisition centers on VideoVerse’s flagship product, Magnifi, a SaaS platform that uses sophisticated artificial intelligence to…
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Stellex Capital acquires Crest Ultrasonics to expand global industrial tech portfolio
NEW YORK: Stellex Capital Management, a private equity firm with more than $5 billion in assets under management, announced Friday it has acquired Crest Ultrasonics, a global manufacturer of advanced cleaning and welding equipment. Crest, headquartered in the U.S. with operations across Europe and Asia, has served industrial sectors for over six decades, including healthcare,…
DXP Enterprises acquires APSCO to expand water and wastewater platform
REDMOND: DXP Enterprises, Inc. (NASDAQ: DXPE) announced Friday it has completed the acquisition of APSCO, LLC, a leading manufacturer’s representative of pumps, controls and process equipment serving the water and wastewater industry. Founded in 1986 and headquartered in Redmond, Washington, APSCO operates across Alaska, Colorado, Hawaii, Idaho, Montana, Oregon, Washington and Wyoming. The acquisition, funded…
Stefanini Group announces merger with Cyber Smart Defense of Romania
SOUTHFIELD: Stefanini Group, a $1 billion global technology company specializing in digital solutions, announced today the initiation of its merger with Cyber Smart Defense, a Romanian cybersecurity company, which will enable Stefanini to strengthen its cybersecurity capabilities in Europe. Effective today, Stefanini Group will acquire 100% of Cyber Smart Defense’s Romanian operations, solidifying a partnership…
Theatre Capital acquires AllPaid Inc; Appoints Geoff Knapp as CEO
INDIANAPOLIS: Theatre Capital has acquired AllPaid Inc., a leading provider of secure digital payment solutions for government agencies and municipalities across the United States. The acquisition marks a strategic move by Theatre Capital to expand its portfolio of transformative technology investments. Founded in 1999 and headquartered in Indianapolis, AllPaid enables citizens to make secure payments…
Chimera Investment Corporation has acquired HomeXpress Mortgage Corp. for $239.5 million
NEW YORK: Chimera Investment Corporation (NYSE: CIM) has completed the acquisition of HomeXpress Mortgage Corp. from certain affiliates of Seer Capital Management’s credit fund business and management sellers. HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as an originator of Agency mortgage loans with…
Builders FirstSource expands in Las Vegas with acquisitions of Builder’s Door and Trim and Rystin Construction
IRVING: Builders FirstSource, Inc. (NYSE: BLDR) announced Thursday it has acquired Builder’s Door & Trim and Rystin Construction, two turnkey millwork providers based in the Las Vegas area. The acquisitions mark the company’s first millwork operations in the region and are part of a broader strategy to expand value-added offerings in high-growth markets. The two…
Avalanche Treasury Co. (AVAT) announces $675 million Nasdaq merger to become leading public AVAX vehicle
NEW YORK: Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. The transaction includes approximately $460 million in treasury assets and is designed to create a leading…
Irish Biotech Aerska raises $21 million to advance RNA therapies for brain diseases
DUBLIN: Irish biotechnology start-up Aerska has secured $21 million (€18 million) in seed funding to accelerate the development of RNA-based therapies targeting degenerative neurological diseases such as Alzheimer’s and Parkinson’s. The funding round was co-led by venture firms Backed VC and Age1, with additional support from Blueyard, Lingotto, Kerna Ventures, Norrsken, and Speedinvest. The investment…
Folia Health secures $10.5 million Series A to advance patient-driven health research
BOSTON: Folia Health, a patient-driven health technology company, announced Thursday the close of a $10.5 million Series A funding round to expand its platform that transforms lived health experiences into structured data for research and personalized care. The round was led by S3 Ventures, with participation from existing investor Crosslink Capital and specialist fund Create…
Sika AG acquires Marlon Tørmørtel A/S, a mortar manufacturer in Denmark
Sika AG has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark. The company is renowned for its strong product portfolio and its excellent customer service. The acquisition creates a growth platform for Sika in the Nordics, providing exciting opportunities for further market expansion and cross-selling with Sika’s complementary solutions. Marlon is a family-owned, high-performing…
MidOcean Energy acquires 20% stake in PETRONAS’ Canadian LNG assets, securing key supply from LNG Canada
LONDON: MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, has entered into definitive agreements to acquire a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture (“NMJV”),…