LONDON, UK: Mitie Group plc has entered into an agreement to sell its Document Management business to Swiss Post Solutions Limited (SPS) for £40 million on a debt-free cash-free basis, a news release said. Mitie Document Management delivered revenue of £48m and an EBITDA of £4.2m for the twelve months to 31 March 2021. The…
SKS Technologies to purchase shares of Integrated Solutions for $5mn
SYDNEY, AUSTRALIA: SKS Technologies Group Limited has entered into a binding shares purchase agreement to acquire all shares of Integrated Solutions Group Queensland Pty Ltd. The total value of consideration shares purchase is $5 million with an initial cash amount of $1.8 million plus $1.2 million of new shares in SKS Technologies both due upon…
Ampol offers to acquire Z Energy at a price of $3.78/share
AUCKLAND, NEW ZEALAND: Z Energy (ZEL) has received a non-binding indicative proposal from Ampol to acquire Z Energy at an offer price of $3.78 per share. The proposal would be implemented by way of a scheme of arrangement, a court-supervised process under which a meeting of shareholders would be held to vote on the transaction….
Bigtincan Holdings to acquire Brainshark Inc.
SYDNEY, AUSTRALIA: Bigtincan Holdings Limited has entered into a Merger Agreement with Brainshark Inc. BTC Mobility Merger Sub Inc. and Shareholder Representative Services LLC to acquire 100% of the issued capital of Brainshark from the company’s shareholders. Brainshark, launched in 1999 and located in Massachusetts, USA, is recognised as a leader in sales coaching, learning…
Fargo Enterprises to acquire Odessa Minerals
SYDNEY, AUSTRALIA: Fargo Enterprises Limited has signed a binding Term Sheet to acquire 100% of the issued capital in Odessa Minerals. Odessa has entered into agreements to acquire a 90% interest in the Aries Project from Jindalee Resources Limited, a 100% interest in the Calwynyardah Project from Volclays Pty Ltd, and 100% interest in the…
Pushpay to acquire Resi Media for $150 million
SYDNEY, AUSTRALIA: Pushpay has entered into a definitive agreement to acquire 100% of the ownership interests in Resi Media LLC for $150 million, a news release said. The purchase price will be paid by the issue of $40 million of new Pushpay shares, with the balance paid in cash. The cash component will be funded…
Integrating Crypto-Currencies To The Real World
The last two years have been a game-changer for the e-sport industry, especially within the Blockchain space. In 2020, the general e-sport industry grew by 15.7%, about $149.4 million from the previous year. By 2021, the industry was valued at a little over $1.08 billion. During this period, a new generation of gamers rose, including…
MoU signed for developing indigenous ICT resources in Pakistan
ISLAMABAD: A Memorandum of Understanding (MoU) was signed between the Institute of Policy Studies (IPS), Islamabad and Inovatian-Asia (Private) Limited for developing indigenous, state-of-the-art ICT resources in Pakistan. Inovatian-Asia is a sister concern of international technology firm Inovatian Inc. with offices in Canada, UK, USA and Egypt, which was founded by renowned scientist and innovator…
Qatari companies included FTSE Micro Cap Index
DOHA, QATAR: Baladna, Doha Insurance Group and Qatar Industrial Manufacturing will be included in FTSE Micro Cap Index from September 16, 2021. Moreover, Qatar Fuel and Qatar Electricity & Water Company are reclassified from FTSE Large Cap Index to Mid Cap Index. “The results of FTSE Semi-Annual Index Review published on August 20th 2021 will…
ADNOC Distribution included in FTSE Emerging Markets Index
ABU DHABI, UAE: ADNOC Distribution will be included in the FTSE Emerging Markets (EM) Index, from 16 September 2021, a news release said. ADNOC is the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX). Inclusion is subject to final confirmation by FTSE on 6 September. ADNOC Distribution…
MSCI upgrades Abu Dhabi Commercial Bank ESG rating to ‘AA’
ABU DHABI, UAE: Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ driven by “leading digital transformation initiatives” to support small businesses as well as its robust customer data protection and information security practices. Following the upgrade, ADCB is now ranked by MSCI as a global…
Partners Group to sell Straive (SPi Global) for $18.7mn
LONDON, UK: Partners Group, the Investment Manager of Princess Private Equity Holding Limited, has, agreed to sell Straive, formerly known as SPi Global, a leading global provider of technology-driven content and data solutions, to funds affiliated with Baring Private Equity Asia. The transaction values Princess’ stake in Straive at approximately $18.7 million. This compares to a carrying value…