DUBAI, UNITED ARAB EMIRATES.-Wednesday 5 January 2022 [ AETOS Wire ]

Ayurveda market is projected to reach US$ 9.5 billion by 2024
Funds to support NirogStreet to become the global technology brand in Ayurveda Healthcare
 

The rising threat of the Covid-19 Omicron variant has once again prompted countries in the Middle East and globally to focus on preventive healthcare, with a key emphasis on the need to mainstream Ayurveda. Public healthcare experts are of the opinion that holistic medicine is the best way to ensure universal health coverage and prevent the spread of newly emerging diseases across the globe.

With CE-Ventures, the corporate venture capital platform of Crescent Enterprises, and Japan-based ICMG Partners taking the lead, US$ 4 million has been raised in the Pre-Series B Round for tech platform NirogStreet. The funds will be used to innovate service and product offerings for Ayurvedic doctors and to scale up and strengthen oper ... Read more »

ZUG, Switzerland-Wednesday 5 January 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Galderma, the world’s largest independent dermatology company, announced today that it has received antitrust clearance from the U.S. authorities and has completed the acquisition of ALASTIN Skincare®, Inc. (“ALASTIN”), a specialty aesthetics company dedicated to developing innovative and clinically-tested physician-dispensed skincare products. The transaction was previously announced on November 29, 2021.

“I am so happy to officially welcome the ALASTIN team to Galderma. As a part of our integrated dermatology approach, we are continuously seeking to add products that synergize with our premium portfolio - and ALASTIN is the perfect fit.

The ALASTIN brand’s proprietary and award-winning skincare technology, combined with Galderma’s world-class pipeline and innovation track record, represents an unparalleled opportunity for Galderma to better me ... Read more »

Dubai, United Arab Emirates-Wednesday 5 January 2022 [ AETOS Wire ]

Beauty and e-commerce have historically gone hand-in-hand, making it easier for customers to purchase products online without having to step foot in a store, and for both luxury and drugstore brands to increase their outreach and market to potential customers.

The global cosmetics and skincare market was valued at USD 129.23 billion in 2020, and is set to increase by USD 38 billion between 2020-2024, accelerating at a compound annual growth rate (CAGR) of 5% during this forecast period.

The Covid-19 pandemic has had a lasting devastating impact on the beauty and cosmetics industry. Store closures due to strict lockdown measures globally have resulted in disastrous consequences, with sales decreasing by 60% - 70% from March to April 2020 on a global scale.

The flourishing e-commerce sector, however, is anticipated to once again boost market growth to pre-Covid levels. The pandemic shif ... Read more »

- STG completes acquisition of Kantar’s Reputation Intelligence business alongside investments in PRgloo and Onclusive

- The three businesses merge forming a new standalone company which adopts the name ‘Onclusive’ reflecting inclusive and globally scalable strengths of the newly combined offer

- New company provides clients with expanded geographical footprint in Europe and the US and portfolio of industry-leading media monitoring, measurement and workflow management solutions

LONDON-Wednesday 5 January 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Today, leading technology investor Symphony Technology Group “STG” completes its acquisition of Kantar’s Reputation Intelligence business, and with it announces the additional purchases of PRgloo and Onclusive. Together the three businesses merge to create a new global media monitoring, measurement, and workflow management partner for PR and commun ... Read more »

The equity funding round is provided by Toscafund and its private equity arm, Penta Capital, and will be used to extend CellPoint’s global reach and penetrate new market verticals.

LONDON-Wednesday 5 January 2022 [ AETOS Wire ]

(BUSINESS WIRE)-- CellPoint Digital, a leading global provider of digital commerce and payment solutions, today announced an equity financing round of $25M provided by Toscafund and its private equity arm, Penta Capital, to build on a series of major successes in recent years.

The move follows a series of investments by Toscafund and Penta Capital into CellPoint Digital following their initial investment in 2019 and brings their total investment to over $56M. It also marks a strengthening of the relationship between the businesses. As a market leader in payment orchestration for travel, CellPoint Digital is now offering its platform to new markets including retail, gaming, crypto and digital content.

By orchestrati ... Read more »