PARIS, FRANCE: TotalEnergies has agreed to sell its Canadian assets to Suncor Energy for approximately C$5.5 billion ($4.1 billion), following unsolicited offers received after the announcement of its project to spin off the assets. Under the signed agreement, Suncor Energy would acquire the entirety of the shares of TotalEnergies EP Canada Ltd for a consideration…
Author: Chenos Kahn
Teleperformance announces €3bn offer to acquire digital services provider Majorel
PARIS, FRANCE: Teleperformance, a global leader in digital business services, has announced its proposed voluntary cash and share offer for all shares in Majorel, valued at €3bn. The offer is €30 per share for cash consideration or the option to receive Teleperformance shares at an exchange ratio of 0.1382 Teleperformance share for each Majorel share,…
Sartorius Stedim Biotech agrees to acquire Polyplus for 2.4 billion euros
PARIS, FRANCE: Sartorius Stedim Biotech, a leading international partner of the biopharmaceutical industry, has signed an agreement to acquire Polyplus for approximately 2.4 billion euros from private investors, including ARCHIMED and WP GG Holdings IV B.V., an affiliate of Warburg Pincus. Polyplus, with around 270 employees, develops and produces transfection as well as other DNA/RNA…
Inin Group AS to acquire a 70 percent ownership in TW Gruppen AS
OSLO, NORWAY: Inin Group AS has signed a term sheet to acquire a 70 percent ownership in TW Gruppen AS, a leading specialist within environmentally friendly mass handling, transport and recycling. With this acquisition, Inin Group establishes mass handling and recycling as its fourth investment platform. Inin Group is an industrial owner that invests into…
ID Logistics acquires Polish contract logistics player, Spedimex, for €74 million
PARIS, FRANCE: ID Logistics, one of the European leaders in contract logistics, announced the acquisition of 100% of Spedimex, a major player in contract logistics in Poland, with strong expertise in the fashion and e-commerce sectors. The transaction is based on an enterprise value of PLN 350 million (€74 million) and will be paid 70%…
Sopra Steria to acquire Ordina N.V. for EUR 518 million
PARIS, FRANCE: Sopra Steria has agreed on a recommended public offer to be made to acquire all of the issued and outstanding ordinary shares in the capital of Ordina N.V. for EUR 5.75 in cash per share. This represents a total consideration of approximately EUR 518 million. Sopra Steria has fully committed financing with existing…
Lhyfe has acquired a 49% stake in the Finnish company Flexens
HELSINKI, FINLAND: Lhyfe has acquired a 49% stake in the Finnish company Flexens, a developer of renewable and green hydrogen and Power-to-X projects. This is the first investment for Lhyfe, which illustrates its desire to expand rapidly in countries with big plans for renewable and green hydrogen. The move will accelerate the commercial deployment and…
Sanofi agrees to acquire Provention Bio Inc. for $2.9 billion
PARIS, FRANCE: Sanofi has entered into an agreement to acquire Provention Bio Inc., for $25/share in cash, representing an equity value of approximately $2.9 billion. The transaction adds an innovative, fully owned, first-in-class therapy in type 1 diabetes to Sanofi’s core asset portfolio in General Medicines and further drives its strategic shift toward products with…
GiG to split Media Services and iGaming platform into separate listed entities
OSLO, NORWAY: The Board of Gaming Innovation Group (GiG) has decided to initiate a strategic review with the intention to distribute its subsidiary Innovation Labs Ltd to GiG’s shareholders. Such distribution would result in a split of current Gaming Innovation Group into two main business segments: The purpose of the split is to sharpen the…
Netgem sells its consumer fiber operator business in France to Nordnet
PARIS, FRANCE: Netgem announced that it has reached an agreement to sell its consumer fiber operator business in France to Nordnet, a subsidiary of the Orange group. Netgem will continue to provide its television service netgem.tv to Nordnet for all ceded subscribers. Turnovers and gross margin of the business sold amounted to €4.7 million and…
Regal Partners signs deal to acquire East Point Asset Management
SYDNEY, AUSTRALIA: Regal Partners entered into binding agreements to acquire 100% of the issued share capital of Hong Kong based alternative investment manager East Point Asset Management (EPAM), investment manager of the East Point Asset Management Master Fund (EPAM Fund). The EPAM Fund manages approximately USD $100 million in capital, utilising EPAM’s fundamental, high conviction,…
Spectur Limited signs agreement to acquire 3 Crowns Technology (3CT)
SYDNEY, AUSTRALIA: Spectur Limited (ASX: SP3) has entered into a binding share purchase agreement (SPA) with Coastalwatch Holdings for the acquisition of all of the issued capital in 3 Crowns Technology (3CT). The consideration payable by Spectur Limited comprises $600,000 cash, and $250,000 in fully paid ordinary shares in the capital of Spectur. 3 Crowns…