KARACHI, Pakistan: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets (MSCIFM) from MSCI Emerging Markets (MSCIEM). “MSCI has been artificially maintaining Pakistan’s stature in Emerging markets since the country has been no longer meeting EM standards for size & liquidity criteria for last 19 months,”…
BMO Capital led syndicate acquires Lucara Diamond shareholding for C$22 million
VANCOUVER, B.C: Lucara Diamond Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on bought deal basis 29.4 million common shares at a price of C$0.75 per Common Share for gross proceeds of approximately C$22 million. The Company has granted…
Glenveagh Properties completes Dublin Docklands Hotel Forward Fund
LONDON, UK: Glenveagh Properties PLC announced the Germany-based Union Investment, one of Europe’s leading real estate investment managers, has acquired the planned 262-bedroom Premier Inn hotel site in Glenveagh’s development at Castleforbes in the Dublin Docklands as part of an approximately €70 million forward funding arrangement that will result in Union Investment taking ownership of…
Mirriad and Tencent to further scale in-content advertising in the fast-growing Chinese market
LONDON, UK: Mirriad Advertising plc, the leading in-content advertising company, today announced that it has reached a new commercial agreement with Tencent. Tencent is China’s biggest online video streaming platform by subscriptions and, after two years of successful collaboration with Mirriad, this agreement renews the maturing relationship for a further two years, and is backdated…
CMO Group announces to sell shares on AIM of London Stock Exchange
LONDON, UK: CMO Group Plc, the UK’s largest online-only retailer of building materials, announces its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. CMO Group Plc is disrupting a £27 billion predominantly offline market with a digital first proposition and market leading product choice, supported…
MJ Hudson Group acquires Clarus Risk Limited for £3.5 million
LONDON, UK: MJ Hudson Group plc has acquired the entire issued share capital of FinTech risk specialist, Clarus Risk Limited, to widen the breadth of services in the Group’s data and analytics division, a news release said. The initial consideration is £1.0 million with deferred and earn-out consideration of up to a further £2.5 million…
Quadient selling automated packaging solutions business to Standard Investment
PARIS, FRANCE: Quadient S.A has entered into a sale agreement with Dutch private equity firm Standard Investment for the sale of its Automated Packaging Solutions (APS) business and production facility based in Drachten, the Netherlands, a news release said. Geoffrey Godet, Chief Executive Officer of Quadient, commented: “As we continue building leading market positions in…
Rogue Baron shares begin trading on OTCQB Venture Market
LONDON, UK: Trading in the shares of Rogue Baron PLC, a leading company in the premium spirit sector, will begin today on the OTCQB Venture Market in the United States, under the ticker symbol “SHNJF”. Trading on the US OTCQB market is due to commence today at market open in the US and will have…
San Leon conditionally acquires further interest and option in New Nigerian Oil Export System
LONDON, UK: San Leon Energy announced a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the equity of Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (“ACOES”) project. The equity being conditionally purchased and the equity that may be…
SmartCraft goes public on Oslo Børs
OSLO, NORWAY: With a mission of simplifying business for construction companies and craftsmen, the SaaS company SmartCraft ASA goes public on Oslo Børs today, with a market capitalization of approximately NOK 3 billion. “The listing on Oslo Børs today, marks a huge milestone for the company. We have received strong support from many new shareholders,…
Lifecare AS acquires Cantimed UG for EUR 0.65 million
BERGEN, NORWAY: Lifecare AS has acquired 100% ownership of the German company Cantimed UG, following a share purchase agreement with Nanoscale Systems Nanoss GmbH. The transaction includes a license ensuring Lifecare´s access to the patented Nano3DSense technology in the medical field. This implies a continuation of Lifecare’s license covering the field of diabetes originally established…
Apax Digital Fund invests €3.6 million in Revolution Prep
LONDON, UK: The Apax Digital Fund, in which AGA is a limited partner, announced an investment in Revolution Prep, a leading national provider of online academic tutoring and test preparation services. On a look through basis, AGA is expected to invest approximately €3.6m in the company. Note that these figures relate to AGA’s look through…