LONDON, UK: Mercia Asset Management announced a significant syndicated investment into existing direct investment portfolio company Locate Bio Limited, a Nottingham-based business developing a range of orthobiologics. This investment into Locate Bio consists of a syndicated £10.0million Series A round in which Mercia has made a direct investment of £1.6million, alongside £4.0million from Mercia’s third…
Etalon Group announces partnership with online marketplace Ozon
MOSCOW, RUSSIA: Etalon Group, one of Russia’s largest and longest-established development and construction companies, announced the signing of a cooperation agreement with Russia’s leading online marketplace Ozon. As part of the long-term partnership agreement, the companies plan to carry out joint projects that combine the products and possibilities of real estate development and e-commerce. One…
Petrofac secures Libya EPCC contract
LONDON, UK: Petrofac Limited has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the…
LondonMetric sells grocery asset in Liverpool for £10.2 million
LONDON, UK: LondonMetric Property has sold a grocery asset in Liverpool for £10.2 million, reflecting a NIY of 4.65%, a news release said. The 29,000 sq ft asset was acquired in 2014 for £8.1 million and is let to M&S and Aldi. It generates a rent of £0.5 million p.a. and has a WAULT of…
Eight Capital Partners launches €25mn 4.8% listed bonds
LONDON, UK: Eight Capital Partners announced the launch of €25 million 4.8% Fixed Rate Five-Year Bonds, which are to be listed on the Vienna Stock Exchange. Eight Capital Partners is seeking to expand its balance sheet by raising new equity capital and the issue of other securities by the company in stages, in the short-term….
Hynion and Hyrex to cooperate on hydrogen stations for leisure boats
OSLO, NORWAY: Hynion AS and Hyrex AS will cooperate to expand hydrogen filling stations for leisure boats, a news release said. Hyrex has developed HyCruiser 28, a day cruiser with a hydrogen-electric powertrain. “As Hynion now builds a network of hydrogen filling stations in Norway and Sweden, we see exciting opportunities in ports as well….
Elizabeth Ward to join Service Stream Board
SYDNEY, AUSTRALIA: Service Stream announced that Ms Elizabeth Ward will join the Board as an independent non-executive Director, effective from 6 September 2021. Elizabeth Ward brings to the Board extensive operational, contracting and commercial expertise gained across a diverse range of industries including large-scale infrastructure, transport, fisheries and telecommunications in Australia and New Zealand. She…
Oceania Healthcare confirms $100mn fixed rate bonds offer
AUCKLAND, NEW ZEALAND: Oceania Healthcare Limited confirmed that the issue size of its seven year secured fixed rate bonds offer has been set at $100 million, following a successful bookbuild process. This includes oversubscriptions of $25 million. Oceania Chief Executive Officer, Brent Pattison, said he was delighted with the result and as a second time…
CEO of Silvaco Babak Taheri resigns
SANTA CLARA: Silvaco Group announced the resignation of Babak Taheri as chief executive officer and member of the board after two years in the role. We are grateful for all of Babak’s contributions in the last two years to grow the company and wish him all the best in his next endeavor,” said Pierre-Yves Lesaicherre,…
TechnipFMC announces Technip Energies shares sale for €196.2 million
PARIS, FRANCE: TechnipFMC plc announced shares sale of 17.6 million Technip Energies N.V. shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares is set at €11.15 per share, yielding total gross proceeds of €196.2 million. HAL has agreed to a lock-up of…
TechnologyOne buys Scientia to tap higher education market
BRISBANE, AUSTRALIA: TechnologyOne, one of Australia’s largest enterprise Software as a Service (SaaS) companies, has entered into an agreement for the acquisition of Scientia Resource Management Limited, a United Kingdom company servicing the higher education sector. The likely consideration will be £12 million and includes an initial payment of £6 million and further payments, based…
HDFC Life Insurance will buy Exide Life
BENGALURU, INDIA : HDFC Life Insurance Co Ltd will buy the life insurance unit of Exide Industries Ltd for 66.87 billion rupees ($915 million), a news release said. As part of the deal, HDFC Life will issue 87 million shares to Exide Industries at 685 rupees per share and a cash payout of 7.26 billion…