LONDON, UK: Grainger plc has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development scheme in Southall, West London, for £141m. Proceeds from Grainger’s recent successful equity placing will help enable this acquisition. In addition to the 401 PRS homes at Merrick Place, 18,116 sq ft of office space, 3,541…
Kosmos Energy acquires additional Ghana interests from OXY for $550mn
DALLAS, TEXAS: Kosmos Energy has acquired an additional 18% interest in the Jubilee field and an additional 11% interest in the TEN fields in Ghana from Occidental Petroleum (OXY) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to Occidental Petroleum (OXY) at completion was approximately $460…
TechnipFMC acquires Victrex’s equity interest in Magma Global Limited
LONDON, UK: Victrex plc, an innovative world leader in high performance polymer solutions, delivering sustainable products which support CO2 reduction and bring environmental and societal benefit, today notes the announcement made by TechnipFMC, in relation to its purchase of the outstanding issued share capital in Magma Global Limited, to complete the full acquisition of Magma….
Ideagen sells compliance software business for $21.3 million
LONDON, UK: Ideagen Plc, a leader in compliance software for highly regulated industries, has signed an agreement to sell the trade and principal assets of its Pentana Compliance business unit (formerly known as Redland Business Solutions) to StarCompliance, a leading provider of employee compliance technology solutions to the global financial services industry. Pentana Compliance provides…
Yooma Wellness acquires U.S. based N8 Essentials
TORONTO, CANADA: Yooma Wellness Inc. has acquired N8 Essentials, a U.S. based manufacturer and seller of wellness products that incorporate CBD, cannabinoids and other functional ingredients. The acquisition was completed through Yooma’s wholly-owned subsidiary, Socati Corp., and adds N8’s 14,000 square foot manufacturing facility in Kansas to Socati’s existing 22,000 square foot facility in Montana,…
Rubix Group plans €850 million IPO on London Stock Exchange
LONDON, UK: Rubix Group is considering an initial public offering (IPO) on the main market of the London Stock Exchange. Rubix Group IPO will comprise new ordinary shares to be issued by the company raising proceeds equivalent to approximately €850 million, and additionally may also include the sale of existing ordinary shares by current shareholders….
Anglo Pacific sells Narrabri coal royalty at a price of $36mn
LONDON, UK: Anglo Pacific Group has agreed to sell its 1% gross revenue royalty over the Narrabri mine to the operator, Whitehaven Coal Limited for consideration of up to $36 million, which includes bi-annual contingent payments linked to future realised Narrabri coal price. The consideration is structured as fixed payments totalling $21.6 million, along with…
Marshall Motor buys Motorline Holdings for £64.5 million
LONDON, UK: Marshall Motor Holdings, one of the UK’s leading automotive retail groups, announces the strategic acquisition of the entire issued share capital of Motorline Holdings Limited for a cash consideration of £64.5 million. Funded from the Group’s existing cash resources, the net assets on acquisition include c.£20m of cash and c.£10m of debt. Marshall…
Collins Foods acquires 9 KFC restaurants in the Netherlands
SYDNEY, AUSTRALIA: Collins Foods Netherlands B.V. has entered into a share purchase agreement with RDK Holding B.V. and MDK Holding B.V. to acquire nine KFC restaurants in the Netherlands. The sellers are the second largest KFC franchisee in the Netherlands after Collins Foods’ 35 restaurants. Once completed, this acquisition will increase the Collins Foods KFC…
Technip Energies awarded India’s largest hydrogen project by NTPC
PARIS, FRANCE: Technip Energies has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by NTPC for its Proton Exchange Membrane (PEM) Based Hydrogen Generation Plant project at Vindhyachal, Madhya Pradesh, India. The EPCC contract covers the delivery of a 5 MW Hydrogen Generation Plant using Proton Exchange Membrane (PEM) Electrolysis technology at a…
TotalEnergies and Simply Blue Group launch US joint venture
PARIS, FRANCE: TotalEnergies and Simply Blue Group, a pioneer in floating offshore wind, launched a joint venture, TotalEnergies SBE US, to unlock the vast potential for floating offshore wind projects in the United States, a news release said. TotalEnergies SBE US will combine TotalEnergies’ expertise in large-scale offshore projects, Simply Blue Group’s floating know-how, and…
Mobilink Bank recognized as ‘Best Retail Bank in Pakistan’ by RBI
ISLAMABAD: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has won the prestigious Retail Banker International (RBI) Asia Trailblazer Award 2021 for being the ‘Best Retail Bank in Pakistan’, along with an honorable mention of “Highly Commended” for its House Loan in the Best Loan Offering category. Organized in collaboration with Arena International, UK,…