Warframe developer insists nothing changes creatively after acquisition by Tencent Creatively independent
Tencent, a stupidly massive Chinese conglomerate, got a little bigger recently. It added Leyou s assets to its portfolio thanks to a new acquisition.
Leyou likely isn t a name you recognize, but some of its studios will ring a bell. Most notable, Leyou is the parent company of Digital Extremes, which is the developer of
Warframe. That s right the free-to-play darling
Warframe is now a Tencent property.
Following the acquisition, Digital Extremes has been quick to insist that this will affect nothing as far as
Warframe s direction is concerned. In a post on its site, Digital Extremes says We will remain creatively independent . Tencent is well known for respecting the creative decisions and integrity of its studios, and for giving them the autonomy and independence to experiment, innovate and thrive.
A ‘step-change’ in M&A: Private equity ‘wakes up’ to the opportunity in food ingredients Interest of private equity funds in Europe was piqued this year by the food ingredients sector. Partner at advisory group Oghma Partners, Mark Lynch, tells FoodNavigator he expects this trend to continue.
Reflecting on the mergers and acquisitions of ingredients companies in 2020, compared to 2019, reveals somewhat of a mixed bag.
This year, a total of 20 deals have taken place so far – down 11 compared to 2019’s figures. A majority of deals for both years (14 in 2019 and 10 in 2020) were sized between £1-10m. An impressive 13 in 2019 were priced between $10-50m, compared to just three of this size in 2020.
Press release content from Business Wire. The AP news staff was not involved in its creation.
World Insurance Associates Acquires R.S Gilmore Insurance Agency, Inc.
December 23, 2020 GMT
TINTON FALLS, N.J. (BUSINESS WIRE) Dec 23, 2020
World Insurance Associates LLC (WIA), a Top 100 Insurance Brokerage, announced today that it acquired R.S. Gilmore Insurance Agency, Inc. (“R.S. Gilmore”) of North Attleboro, MA on December 1, 2020. Terms of the transaction were not disclosed.
The R.S. Gilmore Insurance Agency, Inc. was established in 1938 in a small office overlooking East Street in downtown North Attleboro. From its humble beginnings, it has grown to be one of the largest family owned insurance agencies in Southeastern Massachusetts. The hallmark of the agency has always been providing excellent customer service to its clients and giving back to its community.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
The Flowr Corporation Announces the Closing of the Strategic Acquisition of Terrace Global
The Flowr CorporationDecember 24, 2020 GMT
Highlights:
The Company has closed its strategic acquisition of Terrace Global, creating an entity with a strong balance sheet and global footprint.
The Board of Directors and shareholder base now includes former founders of MedReleaf Corp., ICC Labs Inc. and Bedrocan Canada Inc.
Simultaneously, through liability management, the Company is expected to achieve meaningful debt reduction and amendments to the Company’s senior credit facility before the end of 2020.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Harvest Capital Credit Corporation to Merge into Portman Ridge Finance Corporation
Portman Ridge Finance CorporationDecember 23, 2020 GMT
NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) Harvest Capital Credit Corporation (NASDAQ: HCAP) (“HCAP”) and Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today that they have entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”).
The transaction has been approved by a unanimous vote of Special Committee of the Board of Directors of HCAP, the Board of Directors of HCAP (other than directors affiliated with HCAP’s external investment adviser who abstained from voting) and the Board of Directors of PTMN. In