SOUTH KOREA > UK based Unilever has agreed to acquire Carver Korea for €2.27 billion ($2.67 billion) from Bain Capital Private Equity and Goldman Sachs

unilever logo Unilever has agreed for a €2.27 billion ($2.67 billion) acquisition of Carver Korea from Bain Capital Private Equity and Goldman Sachs. Carver Korea, originally an aesthetics company that supplies professional products to beauty salons, has had exponential growth in the last five years and high success rate through the sale of its brand, AHC. Carver’s recent sales revenue was €321m More …

SWITZERLAND > US based Johnson & Johnson expands biotech plant in Schaffhausen, Switzerland investing 22 million Swiss Francs ($22.7 million)

johnson and johnson photoshop logo USA based Johnson & Johnson expands biotech plant investing 22 million Swiss Francs ($22.7 million). The subsidiary of Johnson & Johnson Cilag AG will utilize the money to expand the biotech plant for the production of sterile products for clinical studies. Cilag AG will install modern filling machine by 2019 and it also plans to add an additional filing line More …

SPAIN > Germany based Boehringer Ingelheim invests 100 million euros ($118.38 million) for a new production plant in Sant Cugat

boehringer ingelheim logo German multinational Boehringer Ingelheim is opening a new production plant in Sant Cugat, Spain for which the first stone was placed by Jordi Baiget, Minister for Business and Knowledge. The new production plant will cost about 100 million euros ($118.38 million) and will create 200 new jobs. Boehringer Ingelheim’s new plant will produce a drug delivery device named Respimat, a More …

CANADA > Facebook expands AI research and engineering lab in Montreal, Canada

facebook- logo photoshopped Facebook has announced to open up a new AI research lab in Montreal that will create more than 100 jobs for scientists across different locations. The team of scientist will be led by the renowned Professor Joelle Pineau, co-director of the Reasoning and Learning Lab at McGill University and will be working on a wide range of ambitious AI research More …

GERMANY > Turkey based Pasabahce opens showroom in Schwanenhöfe offices in Düsseldorf, Germany

pasabahce_logo_1 Known for products that make a difference, Pasabahce opens a 300 square meter showroom in Schwanenhöfe offices in Düsseldorf, Germany. This showroom will also serve as a new base for Pasabahce in North Europe and will be displaying products such as the company’s mass produced and handmade products for the retail and hospitality industries, its unique product range within the “Nude” More …

NIGERIA > Barcelona based GBfoods and Africa focused investment firm, Helios Investment Partners, form JV

GBFOODs logo photoshop The joint venture of GBfoods and Helios Investment Partners is set to acquire certain assets and leading brands in Africa to operate in 30 African countries with leadership positions in Nigeria and Ghana. The joint venture has acquired various African companies including leading brands such as Jumbo (bouillon), Gino and Pomo (tomato paste),  Jago (milk powder and mayonnaise) and also More …

USA > Singapore based GIC buys 30% of BBAM, California

GIC_business_logo photoshoped Sovereign wealth fund based in Singapore, GIC, buys 30% of BBAM, one of the world’s largest manager of investments in leased commercial jet aircraft. GIC bought the stake from BBAM management team and private equity firm Onex Group. After this transaction, all three shareholders will hold a minority stake in BBAM. GIC had committed investment to Incline Aviation, the aircraft More …

CHINA > Invesco buys a majority stake in e-Shang Redwood (ESR) for RMB 2bn ($305.1 million)

invesco logo Forming a joint venture with the pan- Asian logistics developer, Invesco has bought a majority stake in Chinese logistic portfolio from e- Shang Redwood(ESR) for RMB 2bn ($305.1 million). According to the two companies, the joint venture was designed for acquisition and ongoing asset management of the portfolio that consists of grade-A stabilized logistics real estate assets in China. According More …