Tribune Publishing receives $680 million buyout offer from Newslight
Tribune Publishing Co has received a $680 million takeover offer from Newslight LLC, a bid that trumps an earlier proposal from hedge fund Alden Global Capital for the owner of the Chicago Tribune and the New York Daily News. Tribune said in a statement on Monday that its board had determined that the $18.50 per […]
Digital 9 Infrastructure completes GBP160m acquisition of Aqua Comms
Digital 9 Infrastructure, which invests in digital infrastructure assets, has now completed its first acquisition, has now completed its first acquisition, of 100 per cent of Aqua Comms DAC for cGBP160 million Aqua Comms owns and operates some 14,300km of trans-Atlantic sub-sea fibre systems, representing the very “backbone” of the internet. Aqua Comms’ assets are […]
Nova Pangaea scales rapidly following NPIF investment
Tees Valley based cleantech company Nova Pangaea Technologies (Nova Pangaea) has experienced significant growth as a result of its two funding rounds with the Northern Powerhouse Investment Fund (NPIF), including a 45 per cent increase in staff numbers since January 2020 The company, which has invested in a number of senior recruits in recent months, […]
Fetch.ai launches Mainnet v2.0
Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralised machine learning network for smart infrastructure, has launched v2.0 of its Mainnet with 30 validators, including Outlier Ventures, Forbole, and InfStones The v2.0 of Fetch.ai Mainnet is the next step towards building an AI-powered blockchain that allows businesses and individuals to deploy Autonomous Economic Agents […]
Australia’s Cleanaway to buy Suez’s local unit for $1.93 billion as takeover battle looms
Australia’s Cleanaway Waste Management said on Tuesday it would acquire the local recycling and recovery business of French firm Suez for A$2.52 billion ($1.93 billion), a deal that is expected to draw fresh ire in a takeover tussle for the latter. Paris-based Suez in February rejected an 11.3 billion euros ($13.35 billion) takeover bid by […]
Wellbeam Consumer Health acquires Penetrex
Wellbeam Consumer Health, formerly Yukon Wellness Holdings, has acquired Penetrex, a leading joint & muscle relief and recovery brand. Penetrex is Wellbeam Consumer Health’s second acquisition in the ecommerce-focused wellness brands space. Eu Natural, a fast-growing, digitally-native provider of vitamin and mineral nutritional supplement products, was acquired in January 2021 Wellbeam Consumer Health, an American […]
DC Advisory appoints new US leadership
DC Advisory, Daiwa Securities’ global corporate finance business, has appointed new US leadership to accelerate its ambitious growth strategy to become a top tier mid-market M&A advisor, globally The move comes after the formation of DC Advisory US in 2019, following Daiwa Securities’ acquisition of boutique investment banks Signal Hill and Sagent Advisors. The new […]
GCP appoints Investment Director
Growth Capital Partners (GCP), a leading partnership-focused investor, has appointed Emily Henderson as Investment Director. Henderson joins GCP from RJD Partners, a UK lower mid-market private equity fund. She has over 10 years of transactions experience, including five and a half years at RJD where she was an Investment Director responsible for origination, deal execution, […]
JPIN VCATS partners with a global investment leaders to raise USD13m for India’s social media start-up Chingari
JPIN Venture Catalysts Ltd (JPIN VCATS), India’s specialist co-investor network has partnered with a cohort of investment leaders as part of a USD13 million raise for Chingari, a global innovator in mobile entertainment The social media start-up serves as India’s homegrown short-form video app; progressing onwards from the raise, the company is set to scale […]
Pioneer Natural Resources nears $6 billion DoublePoint Energy deal
Pioneer Natural Resources Co is nearing a deal to acquire oil producer DoublePoint Energy for more than $6 billion in cash and stock and expand its footprint in the Permian Basin, people familiar with the matter said on Thursday It would be Pioneer’s second significant acquisition in just over six months, after announcing in October […]
