US-based Investment firm KKR and Hong Kong’s real estate private equity firm Gaw Capital Partners will acquire Hyatt Regency Tokyo, a luxury hotel, from Odakyu Electric Railway Company, for an undisclosed amount. The proposed acquisition marks KKR’s first hotel investment in Japan and builds on the company’s sustained activity and robust momentum in the country’s […]
Labviva, a US-based life sciences digital marketplace, has raised $20 million in a Series A financing round to transform the life sciences procurement industry, leveraging artificial intelligence (AI). The company anticipates to use the proceeds from the round to increase its global presence as well as introduce new and complementary product lines. The proceeds from […]
ASRC Federal Holding Company has agreed to acquire the logistics and supply chain management arm of Science Applications International Corp. (SAIC) in an all-cash transaction valued at $350 million. SAIC is a government military contractor, while ASRC Federal is a subsidiary of Arctic Slope Regional Corporation. The acquisition complements ASRC Federal’s strategy to establish itself […]
Wildflower and its joint-venture partner Drake Real Estate Partners have secured $143 million in funding for the development of their College Point Logistics Center, Queens, New York. The funding, which was arranged by Walker & Dunlop’s Capital Markets, constitutes a $94 million construction financing and $49 million in equity. The College Point Logistics Center is […]
Hutchison Ports, a Hong Kong-based logistics company, will invest approximately $700 million in two new terminal facilities in Egypt. The new investment takes the port operator’s total investment in Egypt to more than $1.5 billion. With the new terminal facilities, Hutchison Ports will increase its network to 52 ports in 25 countries across the Americas, […]
American pharmaceutical and biotechnology company Pfizer has agreed to acquire cancer drugmaker Seagen (formerly Seattle Genetics) for $229 per share or $43 billion in cash, in a move to strengthen its position in the oncology space. With the proposed acquisition, Pfizer anticipates broadening its oncology portfolio by adding Seagen’s medicines, late-stage development programs, and antibody-drug […]
Private equity firm Silver Lake and Canada Pension Plan Investment Board (CPP Investments) will acquire Qualtrics, a cloud-native experience management (XM) software provider, for $12.5 billion in cash. The transaction complements Qualtrics’ strategy of building the next great enterprise cloud software platform. Post-closing, Qualtrics will become an independent, privately held company and will cease to […]
SSEN Transmission, an arm of energy company SSE, has received green light from the UK’s energy regulator Ofgem for the Orkney transmission link, a subsea electricity transmission connection to Orkney. The approval from Ofgem has cleared the way to connect Scotland’s final island group to the GB Transmission network. The Orkney transmission link is anticipated […]
Brazilian mining company Vale has commissioned the $485 million Gelado Project in Carajás, Pará, with an aim to provide a sustainable destination for tailings. The commissioning phase will carry out the performance and capacity tests with loading till the end of the first half of the year when the operation will start on a regular […]
Sakuu Corporation, a sustainable battery technology provider, will become a publicly traded company, following a business combination agreement with Plum Acquisition Corp. I, a special purpose acquisition company (SPAC). Post-closing, the combined entity will be renamed Sakuu Holdings Inc. and is anticipated to be traded on a US national exchange. Sakuu’s existing equity holders are […]