The Public Investment Fund (PIF), a sovereign wealth fund of Saudi Arabia, has acquired a 30% interest in the Saudi Tabreed District Cooling Company, a district cooling service provider, for a reported consideration of $250 million. The acquisition anticipates to support PIF’s strategy to grow and develop the local utilities and low-carbon sectors as well […]
American autotech solutions innovator indie Semiconductor will acquire GEO Semiconductor, a private fabless semiconductor company, to increase its market reach in Japan and South Korea. With the proposed transaction, indie Semiconductor anticipates to add instant scale to the company’s Image Processing program and complete its sensor fusion of Radar, Ultrasound, LiDAR, and Computer Vision solutions […]
American automated unattended retailer Refreshing USA will merge with Integrated Wellness Acquisition to become a public limited company in a deal valued at an estimated pro-forma enterprise value of approximately $197.97 million. The combined entity, dubbed Refreshing USA, anticipates to receive up to $105.78 million of gross cash proceeds at the close of the transaction. […]
Lightsource bp along with Xcel Energy and McCarthy Building Companies has begun the commercial operation of 293MWdc Sun Mountain solar project in Pueblo, Colorado. The Sun Mountain solar power plant marks Lightsource bp’s second solar project in Pueblo, Colorado, and brings the company’s state-wide operating solar assets to approximately 600MW. The Sun Mountain solar project […]
Allurion Technologies, a US-based weight loss device company, has signed a definitive business combination agreement with Compute Health Acquisition, a special purpose acquisition company (SPAC), to become publicly listed. Post-closing, the combined entity, with a $500 million enterprise value, will be named Allurion Technologies, Inc. and is anticipated to list on the New York Stock […]
American private equity firm Francisco Partners, through its affiliates, will acquire Sumo Logic, a SaaS analytics platform, in an all-cash transaction valued at around $1.7 billion. Post-closing, Sumo Logic will become a private company and cease to trade on any public market. Sumo Logic anticipates to expand its market opportunity, innovate its solutions, accelerate growth, […]
Globus Medical, a US-based musculoskeletal device solutions manufacturer, and NuVasive, a full-spine company, will merge their businesses in an all-stock transaction valued at $3.1 billion. Founded in 2003, Globus Medical offers solutions products for patients with musculoskeletal disorders. NuVasive, with annual sales of over $1 billion, caters to surgeons, hospitals, and patients in over 50 […]
Redwood Materials has landed a $2 billion conditional loan from the US Department of Energy’s Loan Program Office (DOE) to construct and expand its first battery materials campus in Charleston, South Carolina. The milestone-based financing for the battery materials and recycling startup is part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM) focused on […]
Post Holdings, an American consumer packaged goods company, will acquire select pet food brands from The J.M. Smucker (Smuckers) for approximately $1.2 billion in a move to enter the growing pet food category. Under the terms of the agreement, American food and beverage products manufacturer J.M. Smucker will receive $700 million in cash and approximately […]
Fermi Energia has selected GE Hitachi’s BWRX-300 SMR for the Estonian nuclear power plant, which is expected to be operational by the early 2030s. The Estonian nuclear energy company said that the BWRX-300 small modular reactor (SMR) would be most suitable for construction in Estonia out of the three offers received. The planning, design, and […]