Thermo Fisher Scientific has agreed to acquire The Binding Site Group, a UK-based specialist protein diagnostics company, for £2.25 billion ($2.6 billion) in an all-cash deal from a shareholder consortium led by Nordic Capital. The Binding Site Group offers specialty diagnostic assays and instruments to help in the diagnosis and management of immune system disorders […]
Persistent Systems, an Indian multinational technology services, has launched Persistent Intelligent Cyber Recovery (PiCR), a cyber recovery solution that allows organizations to accelerate the recovery from cyber-attacks. The Persistent Intelligent Cyber Recovery solution along with Google Cloud enables organizations to minimize data loss, decrease the risk of recurrent attacks, recover from ransomware and zero-day attacks, […]
Investment firms Gencom and Mohari Hospitality have raised $130 million in financing for the ongoing construction of Nekajui, a Ritz-Carlton Reserve Residence, a new ultra-luxury boutique resort and branded residences in Costa Rica. Nekajui, a Ritz-Carlton Reserve Residence, is located on Peninsula Papagayo, a 1,400-acre private club and resort community situated on the north Pacific […]
US-based Republic Bancorp, the holding company of Republic Bank & Trust (Republic Bank), has agreed to acquire CBank and its fully-owned subsidiary Commercial Industrial Finance (CIF) in an all-cash direct merger deal valued at approximately $51 million. Headquartered in St. Louis, Missouri, Commercial Industrial Finance offers equipment leasing and financing to businesses across the US. […]
Regal Rexnord, a US-based electric motors and power transmission components manufacturer, has agreed to acquire Altra Industrial Motion, in an all-cash transaction valued at $4.95 billion. Based in Braintree, Massachusetts, Altra Industrial Motion designs and manufactures engineered motion control, automation, and power transmission solutions. Under the terms of the deal, shareholders of the NASDAQ-listed Altra […]
Thoma Bravo and Sunstone Partners have agreed to acquire UserTesting, a video-based human insights provider, in an all-cash transaction valued at approximately $1.3 billion. UserTesting will become a privately held company and its common stock will no longer be publicly listed on the New York Stock Exchange (NYSE) following the completion of the proposed deal. […]
Infibeam Avenues, an Indian payments infrastructure company, will now operate as a payment aggregator following an “in-principle” approval from the Reserve Bank of India (RBI). Through the payment aggregator licence, the Indian fintech company expects to further grow its footprint in various business segments for all digital transactions in India. Infibeam Avenues, in a statement, […]
JSW Steel has secured $182 million in financing from Intesa Sanpaolo and Banco BPM to modernize its plate mill facility in Baytown, Texas. The Indian steelmaker entered into a long-term financing agreement in this connection with the two Italian banks through its subsidiary JSW Steel USA. According to JSW Steel, $70 million of the financing […]
Trigo, an Israeli computer vision company, has raked in $100 million in a new funding round led by Singaporean investment firm Temasek and London-based venture capital firm 83North. The proceeds from the equity financing round will be used to further develop and commercialize Trigo’s StoreOS, a store and inventory management software application, enter new markets, […]
Chijet Motor Company, a Chinese automaker, has signed a merger agreement with Jupiter Wellness Acquisition (JWAC), a special purpose acquisition company (SPAC), with an intention to become a publicly-listed company with a listing on NASDAQ. The merger is expected to increase the production capacity of Chijet Motor Company, research and development of new products, working […]