Group 1 - Civinity, AB has completed the acquisition of the remaining 49% stake in Valandinis, UAB, becoming its sole shareholder, with a total buyout consideration of approximately EUR 1.26 million [1] - Civinity initially acquired a controlling stake in Valandinis in January 2023 for about EUR 0.54 million and subsequently acquired the remaining shares for EUR 0.72 million [1] - Valandinis, UAB generated revenue of EUR 3.69 million and a net profit of EUR 0.10 million in 2024 [2] Group 2 - The Civinity Group consists of the Company and nearly 40 subsidiaries operating in Lithuania, Latvia, and the United Kingdom, providing various building maintenance and engineering services [3] - In 2024, Civinity Group reported revenue of EUR 88.5 million and an adjusted EBITDA of EUR 7.4 million [3]

Investors were excited about the possibility of a buyout with a high price tag.France-based biotech Abivax (ABVX +20.69%) landed on many investors' buy lists on Monday, following a media report that a giant American peer was interested in acquiring it. With that considerable tailwind at its back, Abivax's share price zoomed nearly 21% higher across that day's trading session. On the hunt?According to a widely disseminated article in French periodical La Lettre, that interested party is none other than Ameri ...

Mediterranean Shipping Company (MSC) is denying reports that it is a suitor for fellow container shipping line ZIM, scratching off one possible option for the ocean carrier. “We wish to deny any interest in acquiring ZIM,” an MSC spokesperson told maritime shipping publication Lloyd’s List on Wednesday, saying a bid was never on the table. More from Sourcing Journal Sourcing Journal reached out to MSC. Israeli business publication Calcalist first reported that the Switzerland-based company, which operat ...

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF†) are investigating the proposed sale of Udemy, Inc. (NasdaqGS: UDMY) to Coursera, Inc. (NYSE: COUR). Under the terms of the proposed transaction, shareholders of Udemy will receive 0.800 shares of Coursera common stock for each share of Udemy that they own. KSF is seeking to determine whether this consideration and the process that l. ...

Howard Hughes Holdings has agreed to acquire all shares of Vantage Group Holdings, a private insurance and reinsurance business, for an estimated $2.1bn. The acquisition is expected to close in the second quarter of 2026, subject to required regulatory clearances. The agreement will see Vantage become an integral part of Howard Hughes Holdings. Vantage was established in 2020 and operates as a provider of property and casualty (P&C) insurance with various products supported by advanced technology and a ...

Core Insights - US-based packaging company Soteria Flexibles is set to acquire Canadian flexible packaging producer Imaflex for C$123 million ($89.2 million) [1][2] - The acquisition will involve Soteria purchasing all common shares of Imaflex at C$2.35 each in cash, with the deal expected to close in the first quarter of 2026 [1][2] - Imaflex will be delisted and operate as a privately held company post-acquisition [1] Company Details - Imaflex, founded in 1994, specializes in producing polyethylene films and flexible packaging solutions for various sectors including industrial, agricultural, food, and consumer [3][4] - The company operates manufacturing sites in Canada and the US [4] - Soteria, a portfolio company of private equity firm TJC, focuses on short-run, custom flexible packaging and high-performance films, serving end markets such as food, healthcare, industrial, and consumer applications [4] Strategic Fit - Soteria CEO Brad Herbolsheimer emphasized that the acquisition is a natural fit, enhancing Soteria's scale, capabilities, and geographic reach [2] - Imaflex's executive chairman Joe Abbandonato noted that the transaction positions the business for long-term success by leveraging combined resources and creating new opportunities for employees [3]

The Nutriment Company (TNC) is continuing its acquisition spree with the takeover of Dutch pet treats business Antos. It is the Swedish pet food group's ninth acquisition this year. In a statement yesterday (17 December), the company said the deal builds up its position as "one of Europe's fastest-growing providers of premium, natural pet nutrition”. TNC said the purchase will “accelerate” its “expansion” in the treats category, which it described as one of the most rapidly growing areas within pet nut ...

Group 1 - Prominent New York investor, Standard General, has been approached regarding the acquisition of all or part of Warner Bros Discovery's cable television business [1] - The potential acquisition includes significant assets such as CNN [1]

Core Viewpoint - Defender Capital expresses disappointment in STAAR Surgical Company's Board of Directors' continued pursuit of a sale to Alcon Inc., believing it is not in the best interests of STAAR shareholders and does not reflect adequate value for the Company [1]. Group 1: Timing and Valuation Concerns - The proposed sale to Alcon is viewed as occurring at the wrong time and price for STAAR shareholders, especially given STAAR's recent global growth and the stabilization of its business [2]. - The timing of the deal is criticized as opportunistic for Alcon, particularly as STAAR's business shows potential upside following recent earnings reports [2]. Group 2: Flawed Process - The process leading to the deal has been deemed flawed, with recommendations from Glass Lewis and ISS advising shareholders to vote against it [3]. - Concerns were raised about event-driven hedge funds purchasing STAAR shares without understanding the opposition from major shareholders like Broadwood Partners, leading to a decline in stock price [3]. Group 3: Vote Delay and Due Diligence - STAAR's Board delayed the vote until December 19 and reopened the bidding process, raising questions about the adequacy of the time allowed for potential acquirers to conduct due diligence, especially given the significance of the Chinese market to STAAR's business [4]. - No new bids emerged following the delay, indicating a lack of interest from other potential buyers [4]. Group 4: Continued Opposition - Defender Capital intends to vote against the transaction, citing a lack of compelling reasons to sell STAAR at this time and expressing disappointment in the Board's actions [5].

Tiqets, the Amsterdam-based platform for museum and attraction tickets, ran an extended sales process before Expedia announced a deal to acquire it last week, Skift has learned. A source familiar with the sales process told Skift that Barclays advised Tiqets on the sale, while Morgann Lesné, a partner at Cambon Partners, confirmed that Tiqets founder Luuc Elzinga and the board explored multiple paths to find a buyer. In a formal sales process, the bank solicits bids from multiple parties. One factor sha ...