LONDON, UK: Kingswood Holdings Limited (LON: KWG) has agreed to acquire the business assets of Smythe and Walter Limited, an independent financial planning business servicing clients across Kent. David Lawrence, UK CEO at Kingswood, commented: “Smythe and Walter are a growing firm and this acquisition enhances our existing footprint in the South East. I am…
Grainger acquires two sites for build-to-rent direct development
LONDON, UK: Grainger plc (LON:GRI), the UK’s largest listed residential landlord with 9,727 operational rental homes and a further 8,373 in its £1.9bn pipeline, has acquired two sites for direct development build-to-rent opportunities, totalling a potential c.480 new PRS homes within Grainger’s planning and legal pipeline. Exmouth Junction in Exeter benefits from having planning consent…
NOVATEK Starts Production at Kharbeyskoye field
MOSCOW: PAO NOVATEK announced that the Company’s subsidiary NOVATEK-TARKOSALENEFTEGAS has started pilot production from gas condensate deposits at the Kharbeyskoye field, part of the North-Russkiy cluster. The annual production level for the field’s gas and gas condensate program is 3.6 bcm of natural gas and 0.6 mmt of gas condensate. “The Kharbeyskoye field launch will…
Workspace Group acquires The Busworks for £45 million
LONDON, UK: Workspace Group (LON:WKP), London’s leading provider of flexible office space, has acquired The Busworks, in Islington, for a total of £45 million. This off-market acquisition is being funded from existing facilities. A former Victorian bus factory with a rich history dating back to 1888, the property provides 104,000 sq. ft. of net lettable…
Caledonia to divest its holding in bioagilytix for $183mn
LONDON, UK: Caledonia Investments plc (LON:CLDN) announced that the shareholders of portfolio company BioAgilytix, a leading provider of bioanalytical testing for large molecule research and development, have agreed terms of a majority investment in the company by international private equity firm Cinven. Cinven’s investment involves a sale of Caledonia’s interest in BioAgilytix to Cinven. Caledonia’s…
Evolution to acquire Ernest Henry Mining from Glencore for A$1.0bn
LONDON, UK: Glencore and Evolution Mining Limited have entered into a binding agreement for the sale and purchase of Glencore’s 100% interest in Ernest Henry Mining Pty Ltd, the owner of the Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia. The transaction is expected to close in early January 2022. Glencore will receive A$1…
Vp plc acquires M&S Hire for £2.8 million
LONDON, UK: Vp plc (LON:VP), the equipment rental specialist, announces the acquisition of the entire issued share capital of M&S Hire Limited (M&S) for a cash consideration of £2.8 million. M&S was founded in 1984 and is a specialist rental business engaged in the supply of access systems and working at height solutions to contractors…
Superdielectrics Group announces intention to float on LSE
LONDON, UK: Superdielectrics Group intends to seek admission of the entire issued and to be issued share capital of the company to trading on the AIM market of the London Stock Exchange. The Company is focused on developing technology to build supercapacitors with high energy density, low cost, and environmentally benign electrical energy storage devices…
Måsøval to buy Vartdal Gruppen at enterprise value of NOK 1.52bn
OSLO, NORWAY: Måsøval AS has entered into a share purchase agreement with Vartdal Invest AS to acquire 100% of the shares in Vartdal Gruppen comprising Aquafarms Vartdal AS, Vartdal Fiskeoppdrett AS, Urke Fiskeoppdrett AS, Western Seaproducts AS and Vartdal Fryseri AS. Vartdal Gruppen is a fully integrated salmon farmer with four licenses for production of…
ADNOC & TAQA launch renewable energy and green hydrogen venture
ABU DHABI, UAE: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (ADNOC), launched a new global renewable energy and green hydrogen venture between ADNOC…
Deskimo to expand in Hong Kong following $3mn seed round
HONG KONG: Deskimo, a Singapore-based workspace startup, plans to add 10 more spaces in Hong Kong by the first quarter of 2022. Since entering the market in July this year, Deskimo said it currently has over 40 locations in its local network in the city. “The pandemic has transformed the way people work and how…
Mercury NZ issues inaugural green bond in Australia
AUCKLAND, NEW ZEALAND: Mercury NZ Limited has issued its inaugural green bond in the Australian debt market, securing A$200m of funding. The A$200m 7-year bond was documented as an ICMA GBP-aligned / CBI certified green bond. The proceeds from this issue are earmarked to finance or refinance new and existing projects and expenditures relating to…