Sweden’s Essity has kicked off the sale process for its 52% stake in Hong Kong-based Vinda International – a maker of tissues and diapers, two sources with knowledge of the situation told Reuters. Bank of America, Essity’s adviser on the sale, has sent information to potential buyers including a number of private equity funds, said… Continue reading Sweden’s Essity kicks off sale of majority stake in HK’s diaper-maker Vinda
Tag: Strategy
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WASHINGTON, May 16 (Reuters) – OpenAI, the startup behind ChatGPT, wants the U.S. to consider mandating licenses for companies to develop powerful artificial intelligence like the kind underpinning its chatbot, its chief executive plans to tell Congress on Tuesday. In his first appearance before a congressional panel, CEO Sam Altman is set to advocate licensing… Continue reading Untitled
Atmus Filtration Technologies Announces Launch of Initial Public Offering
NASHVILLE, Tenn.–(BUSINESS WIRE)–Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced that it has launched a roadshow for its proposed initial public offering (IPO). The IPO is for 14,124,409 shares of the common stock of Atmus currently owned by Cummins. The underwriters will also be granted a… Continue reading Atmus Filtration Technologies Announces Launch of Initial Public Offering
Zoomlion Empowers Product and Market Development with Glocalization Strategy
CHANGSHA, China, May 15, 2023 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) shared the milestone achievements of their Glocalization strategy and future roadmap with its global partners and customers at its technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14. Continue Reading About 500 Zoomlion’s international… Continue reading Zoomlion Empowers Product and Market Development with Glocalization Strategy
Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
ABU DHABI, UAE, May 15, 2023 /PRNewswire/ — Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours… Continue reading Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
Apax Funds make approximately $450m investment in travel tech company IBS Software
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
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
TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
DUBAI, UAE and RIYADH, Saudi Arabia, May 15, 2023 /PRNewswire/ — TVM Capital Healthcare, a global specialist healthcare private equity firm operating in emerging markets, announced today the opening of a new office in the capital of the Kingdom of Saudi Arabia. The purpose of the new office is to advise the group and its portfolio… Continue reading TVM Capital Healthcare opens office in Riyadh, Saudi Arabia
Tomorrow.io’s Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
BOSTON, May 16, 2023 /PRNewswire/ — The Tomorrow Companies Inc., the world’s leading weather intelligence platform, today announced successful on-orbit operation of its first satellite, Tomorrow-R1. Launched on April 14th, Tomorrow-R1 is the world’s first commercially built weather-radar satellite. It is orbiting at 500 km above Earth in a polar orbit, and carrying a Ka-band… Continue reading Tomorrow.io’s Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
Ping Identity Achieves DOD IL5 Authorization
Ping Identity Helps Defense Agencies Achieve Seamless and Secure Access from Anywhere DENVER, May 16, 2023 /PRNewswire/ — Ping Identity, the intelligent identity solution for the enterprise, announced its core identity and access management (IAM) solutions are now DOD Impact Level 5 (IL5) authorized by the Defense Information Systems Agency (DISA), through UberEther’s IAM Advantage,… Continue reading Ping Identity Achieves DOD IL5 Authorization