MANAMA, BAHRAIN: GFH Financial Group has expanded its US multifamily residential portfolio after acquiring a third asset, a luxury high-rise in Baltimore, Maryland, for an estimated $90 million. The acquisition diversifies GFH’s US assets and comes amid increasing demand for US multifamily residential properties among renters. GFH acquired the 17-story property in Baltimore in a…
Toyota upgrading Kentucky plant with $461mn investment
GEORGETOWN: Toyota Motor will invest $461 million into its central Kentucky plant to add new technology, increase production flexibility and reduce its carbon footprint. Plans include upgrading the Georgetown plant with advanced manufacturing equipment and technologies that will increase speed, flexibility, and competitiveness, the statement said. That includes improvements to expand the plant’s ability to…
Hinge Health completes $400mn Series E financing round
LONDON, UK: IP Group plc, the developer of intellectual property-based businesses, announced that its portfolio company Hinge Health Inc has completed a $400 million Series E financing, valuing the company at $6.2 billion. The round was led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a $200…
3i Infrastructure sells stake in European liquid storage terminals
LONDON, UK: 3i Infrastructure plc has completed the sale of its 45% stakes in four European liquid storage terminals on 29 October after receiving certain third-party consents. The sale, to Evos through its entity Evos Finance B.V., was announced on 23 September 2021. Evos is owned by funds managed by First Sentier Investors. The four…
Power Metal Resources acquires 100% of FDR Australia
LONDON, UK: Power Metal Resources has signed a revised agreement for the 100% acquisition of First Development Resources Pty Ltd (FDR Australia). This Agreement is unconditional and binding. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “Today marks an important day for Power Metal as we have completed an unconditional agreement to…
Helium Ventures makes investment in Blue Star Helium
LONDON, UK: Helium Ventures, a special purpose acquisition vehicle focused on investments in helium related assets, announced its first investment in Blue Star Helium Limited. Helium Ventures invested AUD$ 400,000 at AUD 5.6 cents per share. Blue Star is an independent helium exploration and production company, headquartered in Australia, with operations and exploration projects in…
ARGAN is rated “BBB-/ stable” by S&P Global Ratings
PARIS, FRANCE: ARGAN, the only French listed real estate company specialised in the development and the rental of premium warehouses, announces it has been assigned an Investment Grade «BBB-» long-term issuer credit rating with a stable outlook by S&P Global Ratings. ARGAN wished to initiate a financial rating process in a context of diversification and…
Glamox CEO Rune Marthinussen to retire
OSLO, NORWAY: Glamox AS announces that Rune Marthinussen, Chief Executive Officer & President, plans to retire from the company next year. The Board of Directors has appointed Astrid Simonsen Joos to succeed him as Chief Executive Officer of Glamox. The change takes effect 1 August 2022. Rune Marthinussen has agreed to support Astrid full time…
Aura Biosciences prices Nasdaq IPO at $14/share
LONDON, UK: Arix Bioscience plc, a global venture capital company focused on investing in and building breakthrough biotech companies, notes that its portfolio company, Aura Biosciences has announced the pricing of its initial public offering of 5.4 million shares of common stock at a public offering price of $14.00 per share for aggregate gross proceeds…
Longboat Energy announces minor oil discovery in Southern North Sea
LONDON, UK: Longboat Energy announced a minor oil discovery with the Mugnetind exploration well in licence PL906 (Company 20%) in the Southern North Sea. The exploration well 7/11-14 S encountered hydrocarbons in the Upper Jurassic Ula Formation. The Ula formation was reached at a vertical depth of 3,985 metres below sea level and consisted of…
Panthera Resources notifies acquisition of Bhukia JV Partner
LONDON, UK: The Board of Panthera Resources‘ subsidiary Indo Gold Pty Limited (IGL) has entered into various agreements to acquire Metal Mining India Private Limited (MMI), the Company’s joint venture (JV) partner in India, in respect of the Bhukia and Taregaon projects. Highlights · Ownership interest in the Bhukia and Taregaon projects in India via IGL…
Hilton Foods acquires Fairfax Meadow for £23.8 million
LONDON, UK: Hilton Food Group’s wholly owned subsidiary, Hilton Foods Limited has acquired 100% of the share capital of Fairfax Meadow Europe Limited, the leading meat supplier to the UK foodservice sector from Argent Holdings Limited. Fairfax Meadow was established over 40 years ago and supplies some of the largest businesses in the UK hospitality…