MUNICH: Mutares SE & Co. has successfully sold its portfolio company STF Balcke-Dürr S.r.l., which has been part of the Balcke-Dürr Group, to C Capital S.r.l. STF was acquired in 2018 as add-on investment to the Balcke-Dürr Group. The company is active in the development, design, production and on-site assembly of heat exchanger components, titanium…
Author: Chenos Kahn
Antin Infrastructure Partners acquires majority interest in OpticalTel
PARIS, FRANCE: Antin Infrastructure Partners and OpticalTel jointly announced that Antin has acquired a majority interest in OpticalTel, a leading fiber broadband provider in Florida. OpticalTel is Antin’s sixth investment through its mid cap fund. Founded in 2004 by Mario Bustamante, OpticalTel is a fast-growing provider of essential high-speed internet and telecommunication services, with a…
SRG Global has acquired Bartek, an engineered products business based in Queensland
SYDNEY, AUSTRALIA: SRG Global Ltd (ASX: SRG) has acquired Bartek, an engineered products business based in Queensland for $2.6 million. This strategic acquisition is structured as an asset purchase transaction and is effective from 1 December 2022. Bartek has over 20 years’ experience in the Engineered Products Segment with significant expertise in the supply of…
Tietoevry to offload or spin-off its managed services & transformation businesses
OSLO, NORWAY: Tietoevry aims to unlock value by separating its managed services & transformation businesses and software & digital engineering businesses. The managed services and transformation businesses comprises of Tietoevry Transform and Tietoevry Connect, while software and digital engineering businesses comprise of Tietoevry Create, Tietoevry Banking, Tietoevry Care and Tietoevry Industry. Tietoevry is initiating a…
Sopra Steria signs deal to acquire 29.7% of CS Group’s share capital
PARIS, FRANCE: Sopra Steria, a European tech leader, has signed an agreement to acquiring 29.73% shares of CS Group at the price of €11.50 per share. These shares are held by the company’s Chairman of the Board of Directors Yazid Sebag, Chief Executive Officer Eric Blanc-Garin, and their joint holding company Duna & Cie, comprising…
Atos enters exclusive negotiations with Lutech to sell Atos Italia
PARIS, FRANCE: Atos, a global leader in digital transformation, has entered into exclusive negotiations with Lutech S.p.A. for the sale of its Italian operations (Atos Italia) with a 100% cash consideration. Lutech, an Italian provider of IT services and solutions, is owned by funds advised by Apax Partners LLP, which will look to combine the…
Tempest Minerals to demerge its lithium projects into new IPO
SYDNEY, AUSTRALIA: Tempest Minerals Limited and its wholly owned subsidiary, West Resource Ventures Pty Ltd (WRV), the holder of several lithium tenements in Western Australia will proceed with a new initial public offering (IPO). WRV will be renamed Electra Minerals Ltd. The new IPO will combine WRV’s Western Australian underexplored hard rock lithium exploration projects…
Adore Beauty Group appoints Tamalin Morton to lead the business as CEO
SYDNEY, AUSTRALIA: Adore Beauty Group Limited (ASX: ABY) has appointed highly experienced retail executive Ms Tamalin Morton to lead the business as Chief Executive Officer, effective 9 January 2023. Adore Beauty has evolved to an integrated content, marketing and e-commerce retail platform that partners with a broad and diverse portfolio of more than 270 brands…
Nel and General Motors collaborate on cost competitive hydrogen production
OSLO, NORWAY: Nel Hydrogen US, a subsidiary of Nel ASA, has entered into a joint development agreement with General Motors (NYSE: GM) to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyser platform. By combining GM’s extensive fuel cell expertise and Nel’s deep knowledge of electrolysers, the two companies are looking to enable…
Pemba Capital to acquire MSL Solutions for $119 million
SYDNEY, AUSTRALIA: Plutus Bidco, an entity controlled by Pemba Capital Partners has agreed to acquire 100% of the issued share capital of MSL Solutions at $0.295 per share by way of a scheme of arrangement. The total cash consideration of $0.295 per share payable by Plutus Bidco implies an equity value of $119 million and…
DG Fuels sells 120mn gallons/year sustainable Aviation Fuel for $4.0bn
PORSGRUNN, NORWAY: DG Fuels has sold out 100% of the expected Sustainable Aviation Fuel (SAF) production of approximately 120 million gallons per year from its initial production plant in Louisiana, USA. At current market prices, total purchases under the initial five-year minimum term of this combined SAF and carbon credit purchase agreement exceeds USD 4…
Rob Buchanan appointed CEO of Channel Infrastructure
WELLINGTON, NZ: Manawa Energy’s GM Growth and Trading Rob Buchanan has resigned to become the CEO at NZX-listed fuel infrastructure company Channel Infrastructure. Manawa Energy CEO David Prentice said the resignation was a surprise, but would not distract the company from the pursuit of its strategy. “It is business as usual for Manawa. We have…