Group 1: Acquisition Details - INVL Private Equity Fund II, the largest private equity fund in the Baltics, signed an agreement to acquire a 75% stake in Eesti Keskkonnateenused (EKT), Estonia's largest waste management group, with the transaction expected to be completed by the end of 2025, pending approval from the Estonian Competition Authority [1][2] - Current EKT shareholders (management) will retain a 25% stake in the company [1] Group 2: EKT Operations - EKT provides a wide range of waste management and municipal services, including collection and processing of household waste, secondary raw materials, construction waste, hazardous waste, bio-waste, and street cleaning, with consolidated revenue of EUR 77 million in 2024 and approximately 800 employees [2] Group 3: Growth Strategy and Future Plans - EKT is working on a major hazardous waste incineration project to boost existing capacity from 2,000 to 15,000 tonnes a year, and aims to expand sorting and recycling capabilities to enhance contributions to Estonia's circular economy goals [3] - The acquisition is expected to open more opportunities for EKT to successfully implement its growth strategy [3] Group 4: Fund's Investment Strategy - INVL Private Equity Fund II aims to invest EUR 10-60 million in companies across various sectors that have the potential to become regional leaders, focusing on acquiring majority or significant minority stakes [6][7] - The fund seeks attractive opportunities in the Baltics, Poland, Romania, and the broader EU, with a strategy centered on long-term value creation through active investment management [6][7] Group 5: Management and Experience - The fund is managed by INVL Asset Management, a leading Baltic alternative asset manager with over 30 years of experience, managing or supervising EUR 2 billion in assets across various investment strategies [8]

Group 1: Acquisition Details - INVL Private Equity Fund II, the largest private equity fund in the Baltics, signed an agreement to acquire a 75% stake in Eesti Keskkonnateenused (EKT), Estonia's largest waste management group, with the transaction expected to be completed by the end of 2025, subject to regulatory approval [1][2] - Current EKT shareholders (management) will retain a 25% stake in the company [1] Group 2: EKT Operations - EKT provides a wide range of waste management and municipal services, including collection and processing of household waste, secondary raw materials, construction waste, hazardous waste, bio-waste, and street cleaning, with consolidated revenue of EUR 77 million in 2024 and approximately 800 employees [2] Group 3: Growth Strategy and Future Plans - EKT is working on a major hazardous waste incineration project to boost its capacity from 2,000 to 15,000 tonnes a year, and aims to expand sorting and recycling capabilities to enhance contributions to Estonia's circular economy goals [3] - The acquisition is expected to open more opportunities for EKT to successfully implement its growth strategy [3] Group 4: Fund's Investment Strategy - INVL Private Equity Fund II aims to invest EUR 10-60 million in companies across various sectors that have the potential to become regional leaders, focusing on acquiring majority or significant minority stakes [6][7] - The fund seeks attractive opportunities in the Baltics, Poland, Romania, and the broader EU, with a strategy centered on long-term value creation through active investment management [6][7] Group 5: Management and Background - The fund is managed by INVL Asset Management, a leading Baltic alternative asset manager with over 30 years of experience, managing or supervising EUR 2 billion in assets across various investment strategies [8]

Core Insights - Statkraft has signed an agreement to sell its district heating business, Statkraft Varme, to a consortium owned by Patrizia SE and Nordic Infrastructure AG for NOK 3.6 billion, marking a significant step in the company's strategy to focus on hydropower, wind power, solar energy, and batteries [1][4] Company Overview - Statkraft Varme has been involved in energy recovery and district heating since 1982, operating 13 locations in Norway and Sweden, and delivering approximately 1.2 TWh of energy annually to over 40,000 customers [3] - Statkraft is a leading international company in hydropower and Europe's largest supplier of renewable energy, with around 7,000 employees across more than 20 countries [7] Strategic Focus - The sale of the district heating business will free up capital for Statkraft to invest in prioritized areas such as hydropower and wind power, aligning with the company's long-term strategy [1][4] - The district heating sector is recognized as a crucial component of the green energy system and the transition to a circular economy, utilizing surplus energy to enhance power grid capacity [2] Buyer Profile - Patrizia SE and Nordic Infrastructure AG have extensive experience in the district heating market, with Patrizia already owning and operating several energy-related companies in Norway [5][6] - Patrizia manages approximately EUR 56 billion in assets and focuses on investment opportunities in real estate and infrastructure, driven by trends in digital, urban, energy, and housing sectors [8] Regulatory Aspects - The sale is subject to approval by the competition authorities in Norway and is expected to be finalized by the end of the year [6]

Core Viewpoint - Creative Global Technology Holdings Limited reported significant financial challenges for the first half of fiscal 2025, with a notable decline in revenues and a shift from profitability to substantial net losses, reflecting broader market pressures and operational challenges [3][7][17]. Financial Performance - Revenues for the six months ended March 31, 2025, were $12.2 million, a decrease of 40.4% from $20.5 million in the same period of 2024 [4][7]. - Gross profit was $1.5 million, representing 12.6% of revenues, down from $2.7 million or 13.1% of revenues in the prior year [7][13]. - The company reported a net loss of $15.3 million for the six months ended March 31, 2025, compared to a net income of $1.5 million for the same period in 2024 [7][17]. - Loss per basic and diluted share was $0.714, compared to earnings per share of $0.076 in the previous year [18]. Revenue Breakdown - Revenue from wholesale of pre-owned consumer electronic devices accounted for $12.2 million, a significant drop from $20.5 million in the previous year, attributed to weaker market demand [6][8]. - Revenue from smartphones decreased from 75.2% of total revenue in 2024 to 40.2% in 2025, with unit sales dropping from 38,074 to 13,896 [9]. - Revenue from laptops and other devices increased to 53.2% of total revenue in 2025, up from 17.6% in 2024, driven by a rise in average selling prices [11]. Cost Structure - Cost of goods sold was $10.7 million for the six months ended March 31, 2025, down from $17.8 million in the previous year [12]. - Total operating expenses surged to $16.7 million, primarily due to share-based compensation of $15.8 million, a new expense category introduced in 2025 [4][16]. Cash Flow and Liquidity - Cash and cash equivalents were $0.2 million as of March 31, 2025, a decrease of 50.2% from $0.4 million as of September 30, 2024 [19]. - The company reported net cash used in operating activities of $4.8 million for the six months ended March 31, 2025, compared to $1.3 million in the same period of 2024 [25]. Initial Public Offering - The company completed its initial public offering on November 26, 2024, raising approximately $4.6 million in net proceeds [31].

Core Points - The 22nd Leasing Life Awards will take place on 20 November 2025 at the Hotel Adlon Kempinski in Berlin, with nominations closing on 30 September 2025 at 5pm GMT [1][2] Group 1: Event Details - The awards will follow the annual Leasing Life Conference, themed "Transforming the Future of Leasing," aimed at discussing regulatory changes, technology adoption, and strategic developments in equipment finance and leasing [2] - Last year's conference attracted representatives from various organizations, providing networking opportunities during the evening awards ceremony, which includes a drinks reception and a 3-course dinner [3] Group 2: Award Categories - The awards feature multiple categories, including Best Sustainability Initiative of the Year, Circular Economy Model of the Year, Digital Innovation of the Year (Asset Finance), Digital Innovation of the Year (ESG), Distribution Channel Management Champion, Energy Transition Financing Programme, European Lessor of the Year, Professional Services Provider, SME Champion, Vendor Finance Provider of the Year, and Young Professional of the Year [4]

Core Viewpoint - GAIL (India) Limited is undertaking a significant capacity expansion of the Jamnagar-Loni LPG pipeline, which will double its throughput to meet the increasing demand for petroleum products and enhance the energy infrastructure in India [1][2]. Pipeline Expansion - The Jamnagar-Loni LPG pipeline's capacity will increase from 3.25 million metric tonnes per annum (MMTPA) to 6.5 MMTPA, with a total length of 1,107 km [1][2]. - The project is estimated to cost around ₹5,350 crore and will traverse five states: Gujarat, Rajasthan, Haryana, Delhi, and Uttar Pradesh [2]. Environmental Impact - Pipeline transportation is highlighted as more energy-efficient, safer, and environmentally sustainable compared to roadways, contributing to reduced carbon emissions in line with India's net-zero goals [3]. Additional Projects - GAIL has approved a 114 km natural gas spur line from its Vijaipur plant to the BPCL refinery complex in Bina, Madhya Pradesh, with an investment of ₹450 crore [4]. - A 20-tonne-per-day Compressed Biogas (CBG) plant is also being established in Sultanpur, Uttar Pradesh, which will produce 88 tonnes of Fermented Organic Manure (FOM) daily, supporting sustainable agriculture [5]. Regulatory Framework - The establishment of LPG pipeline infrastructure is managed by Public Sector Oil Marketing Companies (OMCs) based on techno-commercial feasibility studies, with the Petroleum and Natural Gas Regulatory Board (PNGRB) overseeing the authorization process for laying LPG pipelines [6].

Core Insights - The report focuses on the Chinese textile and apparel industry, analyzing macroeconomic factors and sustainability initiatives during a period of transformation [1][2][3] Macroeconomic View - China's GDP is projected to reach approximately $19 trillion by 2024, with the textile and apparel sector contributing 8.7% to total export revenue in 2023, equating to $165 billion in garment exports, which represents 31.6% of the global market share [1][15][18] - The industry provides around 7.8 million jobs, with over 60% of the workforce being women, highlighting its significance in employment [1][18] - The domestic market is robust, with 70-80% of clothing produced in China being consumed locally, supported by a fully integrated supply chain [21] Sustainability Initiatives - The textile industry emits approximately 230 million metric tons of CO2 annually, accounting for 2.8% of China's industrial emissions, prompting various decarbonization initiatives [2][23] - The Chinese government has set ambitious targets to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, aligning with global sustainability goals [10][22] - Initiatives such as the LCAplus platform by the China National Textile and Apparel Council (CNTAC) aim to enhance carbon data transparency and support emissions reduction efforts [2][13] Energy Efficiency and Emissions - The average environmental performance score for Chinese facilities is 49 out of 100, indicating room for improvement, particularly in energy management [33] - In 2023, coal accounted for 60% of electricity generation in China, but the share of renewable energy sources is increasing, with wind and solar reaching 16% [43][44] - Companies are investing in energy efficiency measures, such as upgrading equipment and utilizing renewable energy sources, to reduce emissions and improve productivity [28][45] Competitive Landscape - The "China+1" strategy is leading to some production capacity moving abroad, but China maintains a strong position in high-end and fast-response orders [3] - The export market is diversifying, with growth in emerging markets and benefits from regional trade agreements like RCEP [3] - The industry faces challenges such as reliance on coal, compliance pressures for small factories, and rising labor costs, but also opportunities in renewable energy and smart manufacturing [3][19] Workforce and Social Responsibility - The textile and apparel sector plays a crucial role in social development, lifting millions out of poverty, but challenges remain in ensuring decent working conditions and fair wages [50][51] - Factory wages have increased, with minimum wages varying by region, impacting competitiveness and prompting some factories to upgrade or relocate [51] - Labor laws are evolving, with a push for better work-life balance and compliance with international labor standards, influenced by global market pressures [52][54]

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Core Insights - SMX PLC and CETI have formed a strategic collaboration to enhance supply-chain transparency in the textile industry [1] - The partnership aims to integrate SMX's tracing platform into CETI's textile R&D and circularity initiatives [1] - The ultimate goal is to enable stakeholders in the European textile and fashion sectors to authenticate fibers and track fabrics throughout their lifecycle [1] Company Overview - SMX PLC is recognized as a pioneer in molecular "physical-to-digital" fingerprinting technology [1] - CETI is one of Europe's leading institutes focused on textile research and innovation [1] Industry Impact - The collaboration is expected to unlock new financial mechanisms that will facilitate the transition to a circular textile economy in Europe [1] - By embedding tracing technology, the initiative aims to improve sustainability and transparency in the fashion and textile supply chains [1]

Core Insights - AGCO Power is expanding its production capacity with a €54 million investment in its Linnavuori facility in Finland, enhancing its competitiveness and commitment to the circular economy in power generation [1][2][3] Company Developments - The new facilities include advanced machining and remanufacturing areas, increasing the plant's capacity to produce remanufactured engines from over 1,000 to a maximum of 2,500 engines annually [6][7] - The Linnavuori plant is now Finland's largest transmission gear manufacturing site by volume, with an additional 5,600 square meters of production space [5] Technological Advancements - The investment supports the development of sustainable power generation technologies, including a clean energy laboratory opened in 2024 for researching lower carbon engine technologies [7] - The facility features a state-of-the-art machining hall for manufacturing Continuously Variable Transmission (CVT) components and cylinder heads for AGCO Power's latest CORE engine [3][4] Strategic Focus - AGCO's remanufacturing efforts, which have been ongoing for over 50 years, allow for up to 80% of an engine's mass to be reused, significantly reducing the carbon footprint compared to new engine manufacturing [6] - The expansion aligns with AGCO's long-term strategy and "Farmer First" approach, providing cost-effective solutions for farmers by supporting both new equipment investments and maintenance of existing machinery [5][6]