LONDON, UK: Market Bidco Limited and Wm Morrison Supermarkets PLC have agreed that Bdico will acquire entire share capital of Morrison Supermarkets Plc at the rate of 285 pence per Morrison’s share, a news release said. Market Bidco Limited is a newly incorporated entity formed by Clayton, Dubilier & Rice LLP in its capacity as…
Yooma acquires Vitality CBD for £10.2 million
LONDON, UK: Yooma Wellness Inc. has acquired Birmingham-based Vitality CBD Limited, a UK-market-leading CBD company, for a total consideration of up to £10.2 million, via the Company’s wholly owned subsidiary, Yooma Europe Limited. The acquisition adds a significant source of recurring revenue to Yooma and its subsidiaries, through Vitality’s presence at mainstream retail outlets such…
Dealt agrees to buy Digital Software Solutions
SYDNEY, AUSTRALIA: Dealt Limited has executed a Share Sale Agreement to purchase all the shares of Digital Software Solutions Pty Ltd (Trading as dealt), an online marketplace/brokerage for commercial real estate loans. In February 2021, shareholders had previously approved a broader restructure and recapitalisation proposal that included the acquisition of dealt. Based on the strong…
ITV Plc invests £3 million in Feel Holdings
LONDON, UK: ITV Plc has concluded an investment in Feel Holdings Limited, a UK-based digital health startup on a mission to clean up and disrupt the dietary supplements space. ITV has agreed to subscribe for up to £3 million convertible loan notes in Feel Holdings Limited in three tranches. Feel will commence its tailored media…
Orano signs Eur 1.0bn German nuclear waste contracts
PARIS, FRANCE: German utility companies PreussenElektra, RWE, ENBW and Vattenfall have signed a set of contracts with Orano for a total amount in excess of 1 billion euros, for the return of all the German nuclear waste still stored at the Orano la Hague plant. Discussions on the contractual terms and conditions of these contracts…
Austin commences $6.5mn capital investment in Perth & Indonesia
SYDNEY, AUSTRALIA: Austin Engineering Limited has commenced a $6.5 million capital investment to transform and automate its design and manufacturing facilities at its major Asia Pacific centres in Perth and Indonesia. The capital investment (CAPEX) program will involve a new manufacturing flow approach with increased automation, custom jigs, fixtures, workstations and a standardised manufacturing approach…
RPM Automotive Group secures $8mn growth funding
SYDNEY, AUSTRALIA: RPM Automotive Group has executed an agreement with Collins St Value Fund (CSVF) for an equity placement of $2.5 million at 30 cents per share, a slight premium to the current share price. Additionally, CSVF has agreed to provide a $5.5 million CN (subject to shareholder approval for the conversion of the CN…
Key Plant to sell K-TIG products in UK
SYDNEY, AUSTRALIA: K-TIG Limited has signed a five-year, non-exclusive, distribution agreement with leading United Kingdom welding automation manufacturer and integrator Key Plant Automation to sell K-TIG products in the UK. K-TIG is a technology company deploying a fully commercialised industry-disruptive high-speed welding technology. Key Plant Automation provides automated welding and robotic solutions across more than…
tinyBuild announces $10.2mn acquihire of Animal (Rawmen)
LONDON, UK: tinyBuild, a leading video games publisher and developer with global operations, announced the acquihire of development studio, Animal. The Company has been working with Animal for two years, developing Rawmen, a light-hearted, multiplayer arena shooter where players use food as a weapon to neutralise opponents. In Rawmen, up to eight players battle alongside…
Tesserent Limited buys Loop Secure for $13.4 million
SYDNEY, AUSTRALIA: Tesserent Limited announced the strategic acquisition of Loop Secure with the signing of a Share Purchase Agreement executed between both parties on the 18 August 2021. The consideration for the acquisition of Loop Secure will be a mix of cash and TNT shares, being $9M in cash, and 15.9M shares at a 14-day…
Lars H. Barstad appointed CEO of Frontline Management
HAMILTON, BERMUDA: The Board of Frontline Ltd. announced the appointment of Mr. Lars H. Barstad as the Chief Executive Officer (CEO) of Frontline Management AS with effect from 1st September 2021. Mr. Barstad currently serves as the Interim Chief Executive Officer of Frontline Management AS. Prior to that he held the role as Frontline’s Commercial…
Per Ivar Berg appointed MD at Norske Skog Saugbrugs
OSLO, NORWAY: Per Ivar Berg (58) has been appointed new Managing Director at Norske Skog Saugbrugs AS from February 1, 2022. He has extensive experience from a number of positions in the pulp and paper industry, in addition to food industry. Until recently, he was the Executive Vice President at TINE with responsibility for production,…