MELBOURNE: MaxiPARTS Ltd., an Australian distributor of aftermarket parts for commercial vehicles, said Thursday it has received a conditional, non-binding proposal from private equity firm Ares Management to acquire all of its outstanding shares for $2.50 per share in cash. The proposal, made through funds managed by Ares Management Asia (Singapore) Pte Ltd., would be…
BRISBANE: Eureka Group Holdings Ltd. announced Thursday it has entered into contracts to acquire a portfolio of six lifestyle and mixed-use communities in New South Wales for $123.8 million, a move the company described as transformational for its growth and scale. The acquisition, which includes 953 sites across Greater Sydney, the Central Coast, Hunter Valley…
AARHUS: Jyske Bank A/S has signed a binding agreement to acquire 100% of FP Kapital A/S, the parent company of Formuepleje, one of Denmark’s largest independent wealth managers. The deal, which is expected to close in the fourth quarter of 2026, will bring approximately 14,000 investors, DKK 40 billion in assets under management, and nearly…
LONDON: Halma Plc, the global group of life-saving technology companies, announced Wednesday it has agreed to acquire Pyxis, a Texas-based specialist in water quality monitoring and analysis, for an initial cash consideration of $170 million. The acquisition, funded from Halma’s existing facilities, covers three separate Pyxis companies on a cash- and debt-free basis. The deal…
LONDON: PT Prima Petroleum Energi, a leading independent oil and gas company in Indonesia, has agreed to acquire approximately 28.3% of the issued share capital of Jadestone Energy plc from funds managed by Tyrus Capital S.A.M., the company announced Wednesday. The acquisition, structured through a private share purchase agreement between Prima Energy and Tyrus Capital…
NEW YORK: MacLean Power Systems said Wednesday it has signed definitive agreements to acquire Delta Star Inc., a move that significantly expands its presence in the power transformer and mobile substation market. The acquisition follows MPS’s combination with Power Grid Components earlier this year and will allow the company to offer a comprehensive portfolio of…
LONDON: Croma Security Solutions Group plc, an AIM-listed security provider, has completed two acquisitions as part of its strategy to build a national security network. The company acquired Added Security Technology Ltd., a Portsmouth-based provider of intercom and door entry systems, locksmith services and hearing impaired living aids, for approximately £1.74 million. The total consideration includes cash balances…
LONDON: VH Global Energy Infrastructure plc has agreed to sell its two operating liquid storage terminals at the Port of Brownsville on the Texas Gulf Coast for $134 million, the company announced Tuesday. The buyer is Victory Hill Midstream CV I, LP, a newly formed continuation vehicle managed by Victory Hill Capital Partners LLP, which also serves as the company’s…
LONDON: Oxford Metrics plc, a smart sensing and measurement technology group, announced Tuesday it has acquired Captive Devices Ltd, a U.K.-based developer of facial capture technology, for up to £750,000. The acquisition adds markerless facial performance capture to Oxford Metrics’ Vicon brand, which is known for its body tracking systems used in life sciences, entertainment, engineering and manufacturing. The…
LONDON: Norwegian oil and gas company DNO ASA announced Tuesday it has reached an agreement to acquire Capricorn Energy plc for approximately $396 million in cash, marking the company’s entry into the Egyptian oil and gas sector. The acquisition, to be effected through a Scottish court-approved scheme of arrangement, offers Capricorn shareholders $5.214 per share. The consideration includes a cash…
LONDON: Veritas Capital has agreed to acquire British engineering firm Bodycote plc in a recommended cash deal valued at approximately £1.65 billion, the companies announced Monday. The New York-based private equity firm will pay 940 pence per Bodycote share through its newly formed acquisition vehicle, Vulcan Alpha Bidco Limited. The offer comprises 932.8 pence in cash plus a…
SYDNEY: WT Financial Group Ltd. has entered into a binding agreement to acquire a 70% interest in TNT Advisor Solutions, an Australian provider of onshore paraplanning services, the company announced Tuesday. The deal values TNT at 3.48 million Australian dollars, with WT Financial paying 2.43 million for its majority stake, based on 4.5 times normalized EBITDA. The acquisition will…