Pulse 2.0

TISSIUM announced a €60 million financing package to support its commercial and clinical activities and platform expansion. The package combines a completed €30 million Series D2 financing with a €30 million financing facility from the European Investment Bank. TISSIUM is a medical technology company developing biomorphic programmable polymers for tissue reconstruction.

Griffin Gaming Partners announced that it has acquired a 3.24% equity stake in tinyBuild. Financial terms of the transaction beyond the disclosed equity stake were not announced. Griffin is a venture capital firm focused exclusively on gaming and its adjacencies, with $1.5 billion in assets under management. tinyBuild is an independent game publisher and developer focused on creating, owning, and growing original gaming intellectual property.

Wayout International has raised €2.42 million in a Series A extension. The Stockholm-based climate technology startup will use the funding to execute its first commercial projects and accelerate international market activities. The company plans to deploy the capital across initial commercial project delivery, continued industrialization of its platform, expansion of strategic partnerships, and market entry activities.

Radnostix announced that it has closed its acquisition of key assets from Lucerno Dynamics. The acquired assets include the LARA System technology platform, ELLEXA Explorer software, and associated intellectual property. Radnostix is a radioisotope production and nuclear medicine solutions company. The acquisition expands the company’s medical device portfolio for radiopharmaceutical and nuclear medicine applications.

GNI Group announced that it has completed the acquisition of all shares of Ayumi Pharmaceutical Holdings from shareholders led by Blackstone. The deal had an enterprise value of about JPY 44.8 billion (about $276 million). GNI Group completed the settlement through a combination of cash and the issuance of new shares, and the company will welcome Blackstone, Toho Holdings, and Hisamitsu Pharmaceutical as new shareholders.

TotalEnergies announced that it is divesting its 85% interest in Block 2E offshore Malaysia to INPEX. The stake represents a net 8.5% interest in the Marjoram gas field, which is currently under development, for consideration of $350 million. The transaction enables TotalEnergies to crystallize the full value of its minority interest in a non-operated gas project. The company said the divestment will allow it to focus on its operated portfolio and strategic growth opportunities in Malaysia.

Lotus Infrastructure Partners announced that GCA Holdings, an affiliate of Lotus Infrastructure Partners and MB Energy, has entered into a definitive agreement to sell Gulf Coast Ammonia’s production facility in Texas City, Texas. Yara North America, a subsidiary of Yara International, will acquire the facility for $1.3 billion plus certain working capital adjustments.

Bora Pharmaceuticals announced the completion of its acquisition of MacroGenics’ GMP manufacturing operations for $122.5 million. The deal includes MacroGenics’ biologics drug substance facility in Rockville, Maryland, and an associated warehousing center in Frederick, Maryland. The transaction was completed through Bora Biologics USA, a wholly owned subsidiary of Bora Pharmaceuticals. Upon closing, Bora also signed a long-term CDMO service agreement with MacroGenics.

Innovex International announced that it has completed the acquisition of TCO Group AS. Innovex previously announced that it had signed an agreement to acquire TCO in a cash and stock transaction valued at $95 million. Innovex said the acquisition enhances its corporate margin profile and is expected to be accretive to earnings per share. The company also expects further upside over time by using its global commercial platform to expand the reach of TCO’s differentiated glass barrier technologies.

SummitIG announced that it has completed the acquisition of Dark Fiber and Infrastructure from funds managed by Blue Owl Capital. Financial terms of the transaction were not disclosed. SummitIG is a pure-play dark fiber provider focused on data center connectivity solutions. SDC Capital Partners has been the majority owner of SummitIG since 2019. The acquisition strengthens SummitIG’s position in dark fiber infrastructure across Virginia and expands its reach into Maryland.