OSLO, NORWAY: David Wells, CEO of AqualisBraemar LOC ASA, has announced that he wishes to retire at year-end and step down as CEO of the group. The board of directors has appointed Wells’ co-founder and current COO of AqualisBraemar LOC, Reuben Segal, as new CEO. The CEO change takes effect from 1 January 2022. Further,…
NHOA Group announces €140 million rights issue to support growth
PARIS, FRANCE: NHOA Group (formerly Engie EPS) announced the launch and the terms of its capital increase with shareholders’ preferential subscription rights for a gross amount of up to €140 million. Carlalberto Guglielminotti, CEO of NHOA Group commented: “This capital increase is a natural step to support NHOA’s strong growth in all three of our…
Kelly+Partners buys Penrith based accounting firm for $4.5mn
SYDNEY, AUSTRALIA: Kelly Partners Group Holdings Limited (KPG) has exchanged agreements to tuck-in an accounting firm located in Penrith,NSW for upto $4.5 million. Moreover, two existing partners of the acquired business will acquire a 20%equity interest in the combined business. Founder and CEO of Kelly+Partners, Brett Kelly said, “The acquisition confirms the attractiveness of the…
Simon McGrath appointed CEO of Crown Sydney
MELBOURNE, AUSTRALIA: Crown Resorts Limited announced today the appointment of Simon McGrath AM as Chief Executive Officer (CEO) of Crown Sydney and Group Head of Hospitality. Mr McGrath is expected to commence employment with Crown Sydney on 1 February 2022 and will report to Mr Steve McCann, the Crown Chief Executive Officer and Managing Director….
Vicinity Centres sells 50% stake in Runaway Bay Center
SYDNEY, AUSTRALIA: Vicinity Centres has exchanged contracts to sell its 50% interest inRunaway Bay Centre in Queensland for $132 million, an 18% premium to 30 June 2021 book value. Buyer is Perth-based Greenpool Capital in partnership with Qualitas. The Runaway Bay sale is expected to settle by 30 June 2022. Vicinity also announced that its…
ITC & Alibaba partner to support digital trade in developing countries
SHANGHAI, CHINA: International Trade Centre (ITC) and Alibaba.com have partnered to launch the “Global Digital Trade Accelerator for MSMEs in Developing Countries” initiative during the ongoing 2021 China International Import Expo (CIIE) in Shanghai, China. Together, the parties will help Micro, Small and Medium Businesses (MSMEs) enhance their international export competitiveness and contribute to sustainable…
Hexatronic plans SEK 500mn share sales to fund expansion
STOCKHOLM, SWEDEN: Hexatronic Group AB announced intention to carry out a directed share sales of approximately SEK 500 million to Swedish and international institutional investors to increase financial flexibility for further acquisitions and expansion in U.S. Hexatronic has engaged ABG Sundal Collier AB and Pareto Securities AB to act as Joint Bookrunners in connection with…
GFH offloads US tech offices portfolio
MANAMA: GFH Financial Group announced the successful and early exit from its US Tech Offices Portfolio, which was acquired in 2019. The portfolio comprises a Class A Life Science office asset in Research Triangle Park, North Carolina, the largest scientific research and development park in the country. The asset, which holds a prime position in…
Mutares SE acquires Allianceplus
MUNICH: Mutares SE & Co. has signed an agreement to acquire Allianceplus AB from Allianceplus Holding A/S, ultimately owned by Polaris Private Equity. The company will strengthen the Goods & Services segment as a new platform investment with multiple add-on opportunities in the Nordics and Mainland Europe. The transaction is expected to close in Q4…
Tinkoff Group appoints Oliver Hughes and Pavel Fedorov as Co-CEOs
LIMASSOL, CYPRUS: TCS Group Holding (Tinkoff Group), the provider of online financial and lifestyle services via its Tinkoff SuperApp, announces the appointment of Oliver Hughes and Pavel Fedorov as co-CEOs of Tinkoff Group. The announcement came in light of the continued rapid growth of its Russian business, the launch of multiple new business lines and…
Sanofi to invest up to $60 million in Gyroscope Therapeutics
LONDON, UK: Sanofi, a global biopharmaceutical company, has committed to invest up to $60 million in equity of Gyroscope Therapeutics Holdings. Gyroscope plans to use proceeds from this investment to support funding of ongoing clinical trials of GT005 in GA. GT005 has been granted Fast Track designation by the U.S. Food and Drug Administration and…
nib holdings to acquire Kiwi Insurance for $43mn
SYDNEY, AUSTRALIA: nib holdings limited announced its New Zealand subsidiary, nib nz holdings ltd (nib NZ) has agreed to purchase 100% of the shares in Kiwi Insurance Limited (a wholly owned subsidiary of Kiwi Group Holdings Limited), for a total consideration of approximately $43 million (NZ$45 million). The acquisition is subject to receipt of regulatory…