Core Insights - Theon International Plc has extended its commercial agreement with Exosens for the supply of Image Intensifier Tubes (IITs) by an additional three years, now covering deliveries through to the end of 2030 [2][3] - This extension is expected to secure a higher annual supply of IITs to meet the increasing demand for Night Vision systems across Europe, MENA, and APAC regions [3][4] - The global availability of IITs is projected to remain tight, with supply falling short of demand despite capacity increases from Exosens and Harder Digital, in which Theon holds a 60% stake [4] Supply Agreement Details - Theon anticipates procuring over 400,000 IITs in the next five years through this supply agreement, reinforcing its position in the global Night Vision market [6] - The agreement allows Theon to exercise options for 2027 and 2028 into firm orders, enhancing its competitive advantage [3][5] Strategic Developments - Theon recently acquired a 9.8% stake in Exosens, becoming its largest strategic investor, which strengthens coordination in production and delivery schedules [5] - The CEO of Theon emphasized that this partnership extension is a strategic milestone that will help meet the accelerating global demand for Night Vision systems [7] Company Background - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8] - The company has over 240,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [8]

Core Viewpoint - JAMF Holdings Corp is a leading provider of management and security solutions for Apple devices, particularly in workplace settings, despite facing competition from other tech firms [1] Group 1: Stock Performance and Analyst Actions - On December 3, 2025, Citigroup downgraded JAMF's stock from "Market Outperform" to "Market Perform" while the stock was priced at $12.97 [2][5] - Currently, JAMF's stock is trading at $12.97, with a slight increase of 0.01, reflecting a 0.08% change [4][5] - Over the past year, JAMF's stock has fluctuated between a high of $16.16 and a low of $7.09, with a market capitalization of approximately $1.73 billion [4] Group 2: Strategic Developments - JAMF has announced a strategic partnership with UberEther aimed at achieving FedRAMP High and DoD IL5 authorization, which will enhance security for U.S. public sector and commercial organizations [2][3][5] - The partnership with UberEther is significant as it targets top-tier security standards, potentially boosting JAMF's appeal to organizations that require high security [3]

Core Points - Air Canada and Emirates have extended their strategic partnership through a memorandum of understanding until at least December 31, 2032 [1][2] Group 1: Partnership Details - The extension solidifies the relationship that began in 2022, enhancing international strategy and providing seamless connections for customers between Toronto and Dubai, as well as to destinations across the Indian subcontinent, the Middle East, and Southeast Asia [2][3] - The codeshare agreement currently covers 56 routes connecting 37 destinations in the U.S. and Canada with 19 routes in India, the Middle East, and Southeast Asia [3] Group 2: Passenger Benefits - Passengers will continue to enjoy reciprocal miles earning and spending across both Aeroplan and Skywards loyalty programs, with plans to introduce the ability to redeem miles for premium economy cabins on each other's flights [4][6] - Enhancements to the passenger experience are promised, likely including improved priority benefits for frequent flyers of both airlines [6][7] Group 3: Future Outlook - The successful trial period of the interline and codeshare agreements has led to their continuation for at least another 7 years, with potential for additional routes and destinations to be added to the codeshare options [9]

Core Insights - Amundi and ICG have formed a long-term strategic partnership aimed at enhancing access to private market strategies for wealth investors, leveraging each other's strengths in investment expertise and distribution capabilities [2][3][8] Company Overview - Amundi is a leading European asset manager with over €2.3 trillion in assets under management, serving 200 million clients globally [16][18] - ICG is a global alternative asset manager with approximately $125 billion in assets under management, focusing on structured capital, private equity secondaries, private debt, credit, and real assets [4][18] Partnership Details - The partnership includes a 10-year agreement where Amundi will be the exclusive global distributor for ICG's evergreen and certain other products in the wealth channel [10] - Amundi plans to acquire a non-dilutive economic interest of up to 9.9% in ICG, reinforcing the strategic nature of the partnership [9][10] - Initial focus will be on developing two European evergreen funds: a private equity secondaries fund and a private debt fund, expected to launch in the first half of 2026 [7][10] Market Opportunities - The collaboration aims to provide over 200 million individual investors access to ICG's high-performing private market strategies, specifically tailored for wealth management and retirement planning [5][8] - Amundi's expertise in structuring investment vehicles will enhance the offerings available to wealth clients, including evergreen funds and blended strategies [6][12] Strategic Goals - The partnership is designed to create significant value for both companies and strengthen their positions in the growing private markets segment [8][12] - Both CEOs emphasized the importance of delivering superior investment performance and the potential for profitable growth through this collaboration [12]

PARIS – L’Oréal has priced a 3-billion-euro triple-tranche bond to help finance part of its acquisition of Kering Beauté. The offering is composed of three parts: an 850-million-euro two-year floating-rate bond, a 1-billion-euro five-year fixed-rate bond and a 1.15-billion-euro long 10-year fixed-rate bond. More from WWD The world’s largest beauty company said that net proceeds from the notes’ issuance will be used for general corporate purposes, including to finance a part of the Kering Beauté acquisitio ...

Q2 2025 Performance - Harley-Davidson reported diluted EPS of $0.88[6] - HDMC revenue decreased by 23% year-over-year[6] - Global motorcycle shipments decreased by 28% year-over-year, primarily due to planned dealer inventory reduction[6] - Global motorcycle retail sales decreased by 15% year-over-year[6] - Global dealer inventories decreased by 28% compared to Q2 '24[6] - The cost of new or increased tariffs implemented in '25 was $13 million in Q2 '25[6] - HDFS operating income margin was 27.1%[6] HDFS Transaction - Strategic partners valued the HDFS business at approximately 1.75x post-transaction book value[7] - HDFS will sell approximately two-thirds of HDFS future retail loan originations at a premium on an annual basis for five years[7] - The transaction unlocks $1.25 billion in discretionary cash, representing approximately 40% of current Harley-Davidson market capitalization[7] - HDFS has agreed to sell over $5 billion of existing gross consumer retail loan receivables and residual interests in securitized consumer loan receivables at a premium[7]

Core Insights - Comvest Partners has completed a strategic partnership involving the sale of a 75% interest in Comvest Credit Partners to Manulife Financial Corporation [1] Group 1: Transaction Details - The transaction involves Comvest Credit Partners, which is Comvest's direct lending investment platform [1] - Manulife Financial Corporation operates through its Global Wealth and Asset Management segment, which manages over US$900 billion [1] - Comvest Private Equity, another platform of Comvest, is not included in this transaction [1]

Core Insights - Allison Transmission has expanded its global network of authorized service providers, particularly in Poland, to support cross-drive transmissions for defense applications [1][3][4] - The partnership with Wojskowe Zakady Motoryzacyjne (WZM) allows for local maintenance and overhauls of key combat systems, enhancing national defense capabilities [3][4] - The company aims to improve operational readiness for defense vehicles by reducing the need for transoceanic shipments and facilitating local servicing [4][5] Company Expansion - Allison Transmission is the largest manufacturer of medium- and heavy-duty fully automatic transmissions, with a presence in over 150 countries [7] - The company has approximately 1,600 independent distributors and dealers worldwide, which supports its strategy of local service provision [5][7] - The expansion of the Authorized Network is a response to customer demand for nearby service and support capabilities [5] Strategic Partnerships - The agreement with WZM complements existing service capabilities in Poland, enhancing local support for wheeled and tracked vehicles [3][4] - Allison's focus on local servicing and training aims to decrease costs and downtime for customers [4][5] - The company has introduced similar service capabilities in various countries over the past two years, with plans for further expansion [5]

Core Insights - Zoomd Technologies Ltd. has entered into a strategic partnership with E2-Quadrat communications GMBH, enhancing its position in the digital marketing sector for the sports and betting industry [1][2][5] - The partnership aims to leverage Zoomd's user acquisition technologies and performance marketing expertise to benefit E2's clients globally [2][4] Partnership Details - The partnership follows a successful proof of concept (POC) that demonstrated synergies between E2's industry expertise and Zoomd's technology-driven marketing approach [3] - E2 will integrate Zoomd's user acquisition services, including campaign optimization tools and real-time analytics, into its offerings for clients [4] - The collaboration is expected to drive measurable growth and enhance customer acquisition for sportsbook operators in key global markets [4][5] Strategic Goals - The partnership aligns with Zoomd's strategy to expand its impact in high-growth verticals and diversify its customer base [5] - Initial integrations have begun, with broader campaigns planned for rollout in select markets over the coming months [5]

Core Insights - Sagittarius Mines is seeking a strategic partner to aid in the development of the Tampakan copper-gold project in the Philippines, with a focus on acquiring modern technology for project advancement [1][3] - The Tampakan project is projected to be the largest gold and copper mine in the Philippines, with an expected annual production of approximately 375,000 tonnes of copper and 360,000 ounces of gold in concentrate over a 17-year period, although production has been delayed until 2028 [2] - The project has faced multiple challenges, including the withdrawal of Glencore in 2015 and regulatory hurdles, such as the ban on open-pit mining, which was lifted in 2021 [4] Industry Context - President Ferdinand Marcos Jr. has been proactive in revitalizing the Philippine mining sector since taking office in 2022, with a new taxation law recently signed that is viewed as a potential catalyst for investment [4] - The Philippines has a significant amount of untapped mineral reserves, with only a small portion of the nine million hectares identified by the government currently being mined [5] - The government is preparing to auction mining assets to attract more investors, focusing on selecting competent operating companies alongside advantageous offers [6]