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Diageo acquires majority stake in non-alcoholic spirits brand Seedlip

Diageo investment in Seedlip: Diageo, through its startup accelerator program Distill Ventures, has acquired a majority stake in Seedlip, which is claimed to be the world’s first distilled non-alcoholic spirits brand, as per the latest drinks acquisition news. The acquisition marks the first non-alcoholic brand acquired by the beverage alcohol producer through Distill Ventures. Seedlip, […]

NinePoint’s NvisionVLE Imaging System cleared for pancreatic and biliary applications

The US Food and Drug Administration (FDA) has cleared transformative medical device company NinePoint Medical to market NvisionVLE Imaging System for pancreas and bile duct applications, in addition to the previously existing esophageal use. The Optical Coherence Tomography (OCT) imaging platform, NvisionVLE Imaging System, will help gastroenterologists to thoroughly evaluate tissue for regions of interest […]

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Purple Style Labs acquires online luxury fashion store Pernia’s Pop Up Shop

Purple Style Labs (PSL), a Mumbai-based premium fashion house, has acquired online luxury fashion store Pernia’s Pop Up Shop (PPUS), a multi-brand e-commerce website, which has more than 500 Indian designer wear brands. Financial terms of the transaction were not disclosed. Through the acquisition, Purple Style Labs is looking to build a comprehensive omni-channel fashion […]

Kyowa Chemical improves global business visibility using Infor M3 Cloud

Kyowa Chemical Industry, a Japanese chemical products manufacturer and seller for industry and healthcare, has deployed Infor M3 Cloud, an ERP software developed by Infor, to improve business data visibility and business efficiency as part of its overseas expansion. Infor M3 Cloud integrates all international sales, purchasing and inventory management functionalities with a single system […]

Permira Funds to acquire US CDMO Cambrex for $2.4bn

Permira acquisition of Cambrex : Global investment firm Permira Funds, through one of its affiliates, has agreed to acquire US contract development and manufacturing organization (US CDMO) Cambrex for about $2.4 billion, including the assumption of its net debt. Based in New Jersey, Cambrex is a small molecule company that offers drug substance, drug product, and […]

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Wipro wins IT & business transformation contract from Aeroports de Montreal

Aeroports de Montreal (ADM), the operator of the YUL Montreal-Trudeau International Airport (YUL) in Montreal, Canada, has awarded a five-year IT and business transformation contract to Indian IT company Wipro. Apart from operating the third largest airport in Canada, Aeroports de Montreal, which is the airport authority for the Greater Montreal area, operates the YMX […]

Assured Guaranty to acquire BlueMountain Capital Management

Assured Guaranty acquisition of BlueMountain : Assured Guaranty, Bermuda-based financial guaranty insurance company, said that its subsidiary Assured Guaranty US Holdings (AGUS) has agreed to acquire BlueMountain Capital Management and its associated entities for about $160 million. Based in New York, BlueMountain Capital Management is an alternative asset management company having $19.3 billion in assets […]

Khiron selects Éxito to expand Kuida brand presence in Colombia

Cannabis company Khiron Life Sciences has signed a distribution agreement with retail company Grupo Éxito to increase the former’s Kuida brand’s consumer reach in Colombia. With a potential expansion planned across the country, the deal includes the initial sale of Kuida in five Éxito WOW concept stores and 16 traditional format stores. Khiron CEO Alvaro […]

Khiron selects Éxito to expand Kuida brand presence in Colombia

Cannabis company Khiron Life Sciences has signed a distribution agreement with retail company Grupo Éxito to increase the former’s Kuida brand’s consumer reach in Colombia. With a potential expansion planned across the country, the deal includes the initial sale of Kuida in five Éxito WOW concept stores and 16 traditional format stores. Khiron CEO Alvaro […]

Macquarie to acquire Currenta from Bayer and Lanxess for €3.5bn

German pharma company Bayer and specialty chemicals company Lanxess have signed corresponding agreements with Macquarie Infrastructure and Real Assets (MIRA) to sell their stakes in Currenta, a chemical park operator, for an enterprise value of €3.5 billion. Currenta, a joint venture of Bayer and Lanxess, manages and operates infrastructure, energy supply and other essential services […]

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