Oracle will open a new public cloud region in Riyadh, Saudi Arabia, as part of the company’s proposed $1.5 billion to increase cloud infrastructure capabilities in the Kingdom. The investment forms part of a memorandum of understanding (MoU) signed by Oracle with the Ministry of Communications and Information Technology (MCIT). Named Oracle Cloud Riyadh Region, […]
Croda International will acquire Solus Biotech, a South Korea-based biomaterials company, from Solus Advanced Materials in a debt- and cash-free transaction valued at KRW350 billion (£232 million). With the proposed acquisition, Croda International anticipates to strengthen and expand the company’s Beauty Actives portfolio and Asian manufacturing capabilities as well as creating a new biotechnology research […]
Industrial headset maker RealWear will become a publicly traded company following a definitive business combination agreement with Cascadia Acquisition, a publicly-traded special purpose acquisition company (SPAC). Post-closing, the combined entity with an enterprise value of $375.5 million and $150 million of cash as well as up to $35 million of additional financing, will be called […]
Hyatt Hotels Corporation in partnership with real estate investment firm McWhinney has opened Hyatt Centric Congress Avenue Austin in Texas. The 31-story lifestyle hotel, which is located on the corner of Congress Avenue and Eighth Street in Austin, marks the second Hyatt Centric property in Texas. Hyatt Centric Congress Avenue Austin features 246 guestrooms, which […]
Goldman Sachs Asset Management through its infrastructure business has set up Verdalia Bioenergy to contribute to Europe’s decarbonization and energy security agenda. Verdalia Bioenergy will invest more than €1 billion over the next four years to develop, acquire, construct, and operate biomethane facilities across Europe. The new entity will invest in both early-stage development biomethane […]
The BMW Group will invest €800 million in Plant San Luis Potosí, Mexico, for the production of its Neue Klasse model and construction of local high-voltage battery assembly. With the proposed investment, the German carmaker anticipates to ramp-up its e-mobility manufacturing network for the production of its next generation vehicle Neue Klasse. BMW Group has […]
Uniphore, a US-based conversational automation technology company, has acquired Red Box, a UK-based voice specialist, to strengthen its footprint in Europe. The financial terms of the transaction were not disclosed. With the acquisition, Uniphore adds Red Box to its innovation portfolio that includes no code low code development, emotion AI, and knowledge AI. Uniphore also […]
Hyatt Hotels Corporation has completed the previously announced acquisition of the Dream Hotel Group, a lifestyle hotel brand and management platform. The consideration for the deal announced in late 2022, is $125 million upfront and an additional $175 million to be paid over the next six years. The transaction is expected to strengthen Hyatt Hotels’ […]
Ironclad Environmental Solutions, a Kinderhook Industries portfolio company, has acquired US-based waste containment solutions provider Adler Tank Rentals from McGrath RentCorp for $265 million in cash. With the acquisition, Ironclad Environmental Solutions anticipates to create a national platform for providing specialty waste management, transport, and containment solutions. Ironclad Environmental Solutions also hopes to increase its […]
SilverTree Equity, a UK-based private equity firm, has acquired Thesis, a US-based cloud-based university administration software provider, from Advent International, for an undisclosed amount. Thesis offers student information management solutions for colleges and universities to manage their student processes from registration to graduation. Under the agreement, Thesis has received funding from SilverTree Equity to accelerate […]