Kite, an arm of Gilead Sciences, has agreed to acquire Tmunity Therapeutics, a Philadelphia-based clinical-stage biotech company focused on next-generation CAR T-therapies and technologies, for an undisclosed amount. Under the agreement, Kite will acquire all the shares of Tmunity Therapeutics, which it already doesn’t own. The acquisition aligns with Kite’s current in-house cell therapy research […]
Japanese multinational corporation Komatsu has agreed to acquire GHH Group, a Germany-based underground mining, tunnelling and special civil engineering equipment manufacturer, for an undisclosed price. The transaction is expected to strengthen Komatsu’s product portfolio in underground hard rock and industrial minerals. Komatsu will acquire GHH Group’s factories, rebuild facilities as well as product offerings and […]
US-based International Flavors & Fragrances (IFF) has agreed to sell Savory Solutions Group to French private equity firm PAI Partners for an enterprise value of approximately $900 million. International Flavors & Fragrances will use cash proceeds net of taxes and expenses to reduce outstanding debt. The sale of Savory Solutions Group is anticipated to help […]
American global investment company Kohlberg Kravis Roberts & Co (KKR) will acquire all shares of Bushu Pharmaceuticals from Asian private equity firm BPEA EQT for an undisclosed amount. Post-closing, KKR intends to fast-track Bushu Pharmaceuticals’ growth and further establish the company as a major contract development and manufacturing organization (CDMO) in Japan and international pharmaceutical […]
Canadian automotive supplier Magna International will acquire the Veoneer Active Safety business from New York-based investment company SSW Partners in an all-cash transaction valued at $1.525bn. The agreement complements Magna International’s Go-Forward strategy of investing in high-growth areas and strengthens the company’s advanced driver assistance systems (ADAS) portfolio. The transaction is expected to increase Magna […]
Canadian restaurant brands franchisor Foodtastic will acquire Freshii, a healthy fast food restaurant chain, in an all-cash transaction valued at around CAD 74.4 million ($55 million) to increase its portfolio and sales. As per the terms of the deal, shareholders of the Toronto Stock Exchange (TSX) listed Freshii will be paid $2.3 per share. The […]
Mars, an American multinational confectionery, pet food, and other food products manufacturer, will acquire Trü Frü, a whole-fruit snacking brand, to meet growing demand in better-for-you snacking space. The terms of the transaction were not divulged. Trü Frü complements Mars’ health and wellness brands, which include KIND, a nut-based snacking, and Nature’s Bakery, a fruit-based […]
California Steel Industries (CSI), a joint venture between American steel producer Nucor and JFE Steel of Japan, will construct a continuous galvanizing line at its mill in Fontana, California, to cater to the construction end markets in the western US. The new galvanizing line with 400,000 tons of annual capacity will help California Steel Industries […]
Swiss biopharmaceutical company Ferring Pharmaceuticals has received approval for its Adstiladrin (nadofaragene firadenovec-vncg) gene therapy from the US Food and Drug Administration (FDA) for the treatment of a type of bladder cancer in adult patients. Adstiladrin, which is an adenovirus vector-based gene therapy, is indicated for treating high-risk, Bacillus Calmette-Guérin (BCG)-unresponsive non-muscle invasive bladder cancer (NMIBC) […]
Advent International, a private equity company, will acquire American space technology company Maxar Technologies for an enterprise value of around $6.4 billion. The all-cash deal is expected to help Maxar Technologies to fast-track the development of its next-generation satellite technologies and data insights for its government and commercial customers. In addition, the deal is expected […]