Assura has joined a growing list of UK companies being bought out and taken private by foreign private equity firms attracted by low valuations. The statement said that KKR and Stonepeak understand that Assura’s capital-intensive strategy can be more effectively…
As part of the deal, Sensodyne’s maker, Haleon, agreed to buy back 44 million shares from Pfizer, its current largest shareholder, while 618 million shares will be sold to institutional investors. The total sale amount represents 7.3% of the issued…
The new funding round is led by 8VC, a venture capital firm backed by Joe Lonsdale. The round doubles the previous valuation of the startup, which launched its generative AI coding tool a year ago. Cognition calls the tool, called…
The Chinese manufacturer of new energy vehicles (NEVs) is currently building two NEV production plants in Europe: one in Hungary and the other in Turkey. BYD Executive Vice President Stella Li said in an interview with Automobilwoche earlier this month…
Shield AI’s new valuation nearly doubles the company’s previous valuation of $2.7 billion after it raised $200 million in a Series F round in October 2023. San Diego-based Shield AI builds a range of intelligent autonomous systems for the defense…
The purchase of the cash-generating Sval Energy portfolio could be followed by the acquisition of other assets in Norway and elsewhere to realise DNO’s growth ambitions. The deal will quadruple DNO’s North Sea production to approximately 80,000 barrels of oil…
Under CEO Vimal Kapoor, industrial giant Honeywell International has focused on expanding its presence in the aviation, automation and energy sectors while shedding unrelated assets. Honeywell last month announced plans to split into three independently listed companies, months after activist…
Taiwan’s dominant position as a manufacturer of chips used in everything from mobile phones and cars to fighter jets has raised concerns about overreliance on the island, especially as China comes under increasing pressure to assert its sovereignty claims. Taiwan…
The company said it sold 129.8 million primary shares in the deal , up from the planned 118 million shares. BYD said the deal was the largest follow-on share offering in the automotive sector in a decade. Al-Futtaim Family Office,…
The round is the second largest for a biotech startup this year, behind only London-based Verdiva Bio, which creates treatments for obesity and cardiometabolic diseases, which raised $411 million in a Series A in January. Eikon uses ultra-high-resolution microscopy to…
The deal will almost double Sapa’s revenue to €700 million ($728 million) and expand ties between the automotive interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, the statement said. The terms are not disclosed.…
Commercial relocations, whether for offices or warehouses, present a unique set of challenges that can significantly disrupt business operations if not handled properly. From managing delicate office equipment to transporting heavy warehouse machinery, the complexities are numerous. Businesses in Vancouver…