MANAMA, BAHRAIN: GFH Financial Group announced its successful investment, in partnership with Preylock Holdings, in a portfolio of high quality, income yielding logistics assets leased to Amazon. In a transaction currently valued at more than $2 billion, the portfolio, comprised of 14 mission-critical logistics assets strategically located in 11 states, is fully leased on a…
Zlatko Vucetic appointed CEO of Infront AS
OSLO, NORWAY: Infront AS announced that Zlatko Vucetic has been appointed to the position of CEO of Infront replacing Kristian Nesbak, who remains as a Director and a shareholder of Infront AS. Zlatko Vucetic joined Infront as Deputy CEO in June 2021 and has since worked closely with Kristian Nesbak and the management team to…
Bahrain’s Minister of Finance and National Economy to open 2nd Annual Mentorship Forum Middle East
MANAMA: Mentorship Forum Middle East (MFME) 2021 today announced that HE Shaikh Salman bin Khalifa Al-Khalifa, Minister of Finance and National Economy of the Kingdom of Bahrain, will open the Forum’s 2nd edition with a keynote address on this year’s theme “Prioritising Mentorship in a New World”. The event is being held on November 11,…
Helios Towers acquires Airtel’s passive infrastructure Madagascar
LONDON, UK: Helios Towers, the independent telecommunications infrastructure company, has closed the acquisition of Airtel Africa’s passive infrastructure company in Madagascar, adding 490 sites to its portfolio. The gross consideration for the transaction will be $52 million. Helios Towers and Airtel Africa have also entered into a 12-year service agreement on the acquired assets, which,…
Vopak evaluates options for terminals in Australia
ROTTERDAM, NETHERLANDS: Royal Vopak is investigating the strategic options for its terminals in Australia, which may include continued operations or divestment. As the outcome of this process is currently unknown, no further details are disclosed. Vopak has a strategy in which the majority of its growth investments will be allocated towards industrial, chemicals, gas and…
Tracsis acquires Icon Group Limited for up to £5.1 million
LONDON, UK: Tracsis Plc has acquired the entire issued share capital of Icon Group Limited. Headquartered in Dublin and established in 1994, Icon Group is an interdisciplinary geoscience company specialising in Earth Observation (EO), Geographical Information System (GIS) and spatial data analytics. Icon Group has several long-term repeat contracts and employs around 60 full-time staff,…
Bouygues submits a binding offer to acquire Equans
PARIS, FRANCE: Bouygues SA has submitted a binding offer to Engie to acquire Equans. The proposed acquisition of Equans forms part of Bouygues’ strategy to create a major player in multi-technical services within the Group. As stated on 7 September 2021, Bouygues would not require a capital increase to finance this transaction. The divestment process…
Fox Marble forms joint venture with Al Bab Al Mumtaz Group
LONDON, UK: Fox Marble has signed a joint venture agreement with Al Bab Al Mumtaz Group in the United Arab Emirates. Al Bab Al Mumtaz Group is a wholesaler of flooring solutions to customers in the UAE and MENA region with turnover in the region of AED 100m (circa €23 million) and has 27 retail…
Micro Focus sells Digital Safe business to Smarsh for $375mn
LONDON, UK: Micro Focus International has agreed definitive terms to sell its Archiving and Risk Management portfolio (Digital Safe business) to Smarsh Inc. for a total cash consideration of $375 million. Completion is expected to occur in the first quarter of next calendar year. The Digital Safe business forms part of the Information Management and…
Landsec acquires majority stake in MediaCity
LONDON, UK: Land Securities Group (Landsec) has acquired a majority stake in MediaCity, the 37 acre media, digital and tech hub in Salford, Greater Manchester previously owned by a 50:50 JV between Legal & General and Peel L&P. Landsec will partner with Peel L&P who will retain a 25% stake and continue to serve as…
Arxada and Troy Corporation agree to merge
BASEL, SWITZERLAND: Arxada, a global specialty chemicals business, and Troy Corporation, a global leader in microbial control solutions and performance additives, have entered into an agreement to combine the two companies. This agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients or LSI and owned by private equity funds Bain…
Yahsat and G42 to collaborate on remote sensing and geospatial analytics
ABU DHABI, UAE: Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, announced that its dedicated government arm, Yahsat Government Solutions (YGS) and G42, the leading UAE-based artificial intelligence and cloud computing company, have signed a Memorandum of Understanding (MoU) to form a new collaboration focused on advancing remote sensing and geospatial capabilities…