Innova Capital has recently acquired a majority stake in Tutore group, Poland’s largest private education platform operating under the eTutor, ProfiLingua, and Tutore brands. The deal also included the acquisition of two companies – International Language Institute (ILI) and ESL Brains. The Polish independent private equity adviser’ investments were made under the recently closed Innova/7 fund. Tutore is currently the leader in
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London-listed Dar Global, the international arm of Saudi mega-developer Dar Al Arkan, has joined forces with the Trump Organization to launch a luxury Trump Tower in Jeddah, Saudi Arabia. The project will target the luxury Saudi Arabian market and international investors and marks Dar Global’s debut in the port city on the Red Sea. It also significantly advances the company’s growth strategy
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Bucharest-listed OMV Petrom, Romania’s top oil and gas group, is set to allocate €750 million investment at Petrobrazi refinery to transform it into the first major producer of sustainable fuels in Southeast Europe. The refinery, one of the largest Romanian refineries and one of the largest in Eastern Europe, located in Prahova County, currently supplies about 30% of Romania’s fuel needs and
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United Arab Emirates clean energy leader Masdar has reached a definitive agreement with Greek conglomerate GEK TERNA SA and other shareholders of TERNA ENERGY SA, with the intention to acquire initially 67% of the company’s outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer
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CEOs expect a recovery in M&A activity in 2024, in spite of concerns about tougher regulatory oversight and higher cost of capital, according to a new study by Teneo, the global CEO advisory firm. The annual survey, which examines the views of 260 public company CEOs and institutional investors representing more than $3.4 trillion USD of company and portfolio value, also shows
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Paris-based LVMH Moet Hennessy Louis Vuitton became on Monday (April 24) the first company listed in Europe with a market value of over $500 billion, thanks to booming demand among the wealthy for its high-end brands including Christian Dior, Bulgari and Tiffany jewellery. LVMH shares closed up 90 euro cents (0.1%) to €902.00 on Monday giving the French company a market capitalisation
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Chinese billionaire and Ant Group’s founder Jack Ma is ceding control of the fintech giant, the company announced on Saturday (Jan. 7). The Ant Group is an affiliate company of the multinational technology company Alibaba Group, also founded by Ma. Ant operates China’s mobile payment app Alipay, the world’s largest, which has more than 1 billion users. Prior to the change, Ma
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