DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software
Tag: Strategy
J&T Express and SF Express reach agreement to acquire 100% share rights of Fengwang Express for RMB 1.183 billion
SHANGHAI, May 12, 2023 /PRNewswire/ — Global logistics service provider, J&T Express today announced that it has entered into a Share Transfer Agreement with Shenzhen Fengwang Holdings Co., Ltd. (“Fengwang Holdings”), a subsidiary of S.F. Holding Co., Ltd. (002352.SZ). J&T Express’ subsidiary J&T Express (Shenzhen) Supply Chain Co., Ltd. will acquire 100% share rights of… Continue reading J&T Express and SF Express reach agreement to acquire 100% share rights of Fengwang Express for RMB 1.183 billion
Changan Auto’s Robust Growth Momentum Firmly Accelerates International Expansion
CHONGQING, China, May 12, 2023 /PRNewswire/ — On the afternoon of May 8, the Annual Performance Briefing of Changan Auto was held. At the briefing, Changan Auto presented its 2022 annual performance, provided planning and strategic interpretation of company’s future development. Continue Reading image_5003628_25470621 Changan Auto’s sales volume in 2022 reached 2.346 million vehicles, a year-on-year… Continue reading Changan Auto’s Robust Growth Momentum Firmly Accelerates International Expansion
Sightness selected by Schneider Electric for advanced freight emissions analytics
PARIS, May 12, 2023 /PRNewswire/ — Following a global tendering process, Sightness has been selected by the logistics, transport, sustainable development, and regional management at Schneider Electric as its global platform for freight transport emissions analytics. Advanced analytics platform Sightness will provide a comprehensive solution enabling collaboration on transport emissions reporting and analytics. The platform… Continue reading Sightness selected by Schneider Electric for advanced freight emissions analytics
Fashion Company DeFacto attends ShopTalk2023 in Barcelona
“To be ahead, you must invest in technology and digitalization today.” BARCELONA, Spain, May 12, 2023 /PRNewswire/ — The global fashion company DeFacto participated in ShopTalkEurope 2023, held from May 9th to 11th, 2023 in Barcelona. Önder Şenol, Online General Manager of DeFacto, announced at the event that the company’s JUMP UP project, which promotes digitalization,… Continue reading Fashion Company DeFacto attends ShopTalk2023 in Barcelona
JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
A New Partnership between Hellenic Defence Systems (EAS) and Global Aerospace and Technology company, Paramount Presents Game-Changer for Greek UAV Market ATHENS, Greece, May 12, 2023 /PRNewswire/ — Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions,… Continue reading JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
Autoliv Announces Results of 2023 Annual Stockholders Meeting
STOCKHOLM, May 11, 2023 /PRNewswire/ — Autoliv, Inc., (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held on May 11, 2023. Annual General Meeting of Stockholders The Company’s 2023 Annual General Meeting of Stockholders (AGM) voted for approval of the following… Continue reading Autoliv Announces Results of 2023 Annual Stockholders Meeting
EQT makes new move in private wealth market with Nexus offeringEQT Nexus will be the PE firm’s first offering for individual investors to make single …
Sweden-based EQT said on Monday it is launching a new strategy for private wealth clients to broaden its investor base and offer individuals the chance to invest. EQT Nexus will be the private equity firm’s first offering for individual investors to make single investments. EQT did not disclose a target for assets under management for… Continue reading EQT makes new move in private wealth market with Nexus offeringEQT Nexus will be the PE firm’s first offering for individual investors to make single …
OptiGroup successfully raises EUR 100 million additional debt from leading investors
GÖTEBORG, Sweden, May 15, 2023 /PRNewswire/ — OptiGroup has raised EUR 100 million via a first lien term loan tap issue in a private transaction in addition to its current EUR 425m first lien and EUR 200m second lien debt financing. Leading international and Nordic institutions participated, and the transaction was oversubscribed. The strong interest… Continue reading OptiGroup successfully raises EUR 100 million additional debt from leading investors
@VW Group: Porsche posts strong start in anniversary year007218
03/05/2023 Porsche AG has posted a highly successful start to its first year after going public. In the first three months, both Group sales revenue and Group operating profit rose by more than a quarter. Sales revenue rose by 25.5 per cent over the same period last year to 10.10 billion euros (previous year: 8.04… Continue reading @VW Group: Porsche posts strong start in anniversary year007218