OSLO, NORWAY: Elektroimportøren Holding AS has signed a Share Purchase Agreement (SPA) to acquire 100% of the shares of Elbutik Scandinavia AB and its sister companies (Elbutik.se) from Lades AB in a deal that may bring the aggregate purchase price up to SEK 292.5 million. Elbutik.se is Sweden’s largest online player in the market for electric installation material and…
Oxford Biomedica to acquire 80% stake in AAV Manufacturing and Innovation Business
LONDON, UK: Oxford Biomedica has entered into an agreement with Homology Medicines Inc. to acquire an 80 per cent ownership interest in a newly formed AAV focused manufacturing and innovation business, Oxford Biomedica Solutions LLC or Oxford Biomedica Solutions’ AAV Manufacturing and Innovation Business, at an implied pre-money enterprise value of approximately $175 million. Oxford…
Awilco LNG invests $7.0mn in CoolCo
OSLO, NORWAY: Awilco LNG (OSE: ALNG) has invested in Cool Company Ltd (CoolCo) through their recently announced private placement and been allocated 700.000 shares at total value of USD 7 million. Awilco LNG support consolidation of the LNG market and look forward to continuing working with CoolCo. The Board of Awilco LNG remains committed to…
Capita plc sells Trustmarque to One Equity Partners for £111 million
LONDON, UK: Capita plc has agreed to sell Trustmarque to One Equity Partners for £111m on a cash free, debt free basis. Taking into account cash-like and debt-like items, Capita expects to receive net proceeds of c.£115m at completion. An additional c.£3m is receivable by Capita contingent on certain future events. Trustmarque provides IT services…
ConvaTec Group agrees to acquire Triad Life Sciences
LONDON, UK: ConvaTec Group has entered into a definitive agreement to acquire Triad Life Sciences Inc, a US-focused medical device company that develops biologically-derived innovative products to address unmet clinical needs in surgical wounds, chronic wounds and burns. The initial consideration is $125 million with two potential additional payments of $25 million each relating to…
CEO Microsaic Systems, Glenn Tracey resigns
LONDON, UK: Microsaic Systems (AIM: MSYS), announced Glenn Tracey, has notified the Board that he will be stepping down from his role as Chief Executive Officer (CEO) with effect from the date of the company’s next Annual General Meeting, to pursue a non-competitive opportunity. Until that time, Glenn will remain as CEO and Director. Microsaic…
Hamilton Global Opportunities raises €4.5mn from European investors
PARIS, FRANCE: Hamilton Global Opportunities successfully raised €4.5 million from European investors at a price of €49 per share which is in line with the closing price on 26 January 2022. These new resources strengthen the investment capacity of the listed vehicle Hamilton Global Opportunities to accelerate the deployment of its strategic investments in late…
Delta Drone to divest Parazero Technologies for A$6 million
SYDNEY, AUSTRALIA: Delta Drone International (ASX: DLT) has entered into a binding agreement to sell ParaZero Technologies, which operates the company’s drone safety business for a total consideration of A$6 million in cash. The buyers are a consortium of investors led by NASDAQ-listed Medigus Ltd and facilitated by Israeli venture capital firm L.I.A Pure Capital…
SPIE completes the acquisition of Worksphere
CERGY, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has completed the acquisition of Worksphere, following the approval of the European antitrust authorities. With the acquisition of Worksphere, a Dutch specialist in smart and sustainable building services, SPIE becomes the largest multi-technical services provider in the Netherlands,…
Renault, Nissan & Mitsubishi announce common roadmap Alliance 2030
Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world’s leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain. A year and a half after announcing its new cooperation business model to support member-company…