LONDON, UK: Insig AI plc, the data science and machine learning solutions company serving the asset management industry, announced that CarVal Investors L.P. and Insig AI Corporation have entered into binding heads of terms for Insig AI to partner with CarVal to develop a new line of HY and IG ESG products, as part of…
CloudCoCo to acquire Systems Assurance Limited
LONDON, UK: CloudCoCo, a UK provider of IT and communications solutions to businesses and public sector organisations, announced the proposed acquisition of the entire issued share capital of Systems Assurance Limited, an IT group comprising a B2B value-added reseller and an automated cloud-based VAR and IT managed service provider. The consideration for the acquisition is…
Riverstone buys $30mn stake in a Samsung Venture
LONDON, UK: Riverstone Energy Limited (REL) has purchased an interest in one of Samsung Ventures’ battery technology focused venture capital portfolios for $30 million. The remaining interest was purchased by Riverstone affiliates for $3.0 million. The Samsung Portfolio consists of seven unrealised investments with the majority of value deriving from over 1.66 million shares of…
James Saralis appointed Group CEO of NAHL
LONDON, UK: NAHL Group, a leader in the UK consumer legal services market, announced that James Saralis has been appointed as the Group’s Chief Executive Officer and Chris Higham, currently the Group’s Finance Director, has been appointed acting Chief Financial Officer, effective immediately. Since joining NAHL as CFO on 1 January 2018, James Saralis has…
Adam Crozier appointed Chairman of BT Group
LONDON, UK: BT Group plc announced that Adam Crozier will succeed Jan du Plessis as Chairman. Adam will join the Board as an independent non-executive director and Chairman Designate with effect from 1 November 2021 and will become Chairman with effect from 1 December 2021 when Jan will retire from the BT Board. Adam is an experienced chairman with…
Frenkel Topping acquires Bidwell Henderson for £1.48mn
LONDON, UK: Frenkel Topping Group has acquired the entire issued share capital of Bidwell Henderson Costs Consultants Ltd, a leading legal costs consultancy, based in Derbyshire and Newcastle upon Tyne. The total maximum consideration for Bidwell Henderson is £1.48 million of which £0.74 million is payable on completion and the balance of which will fall…
Green Life Farms to purchase hydroponic greenhouse owner Finn Farms
NAPLES: Green Life Farms has reached an agreement to purchase Finn Farms, a hydroponic grower located on Florida’s West Coast. The transaction will provide Green Life Farms with full ownership of Finn Farms, including all site and equipment assets. Green Life Farms currently operates a hydroponic greenhouse in Lake Worth, FL, with its second of…
Hexagon Agility receives orders for gas trucks
OSLO, NORWAY: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver renewable natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. Hexagon Agility received its eighth set of orders in 2021 under this agreement, which represent…
Axactor SE receives public credit ratings
OSLO, NORWAY: Axactor SE have been assigned a public credit rating of B1 (Positive outlook) and B (Stable outlook) from Moody’s and S&P. Moody’s Investor Service have today announced the issuance of a corporate family rating of “B1” with positive outlook to Axactor. Simultaneously, S&P Global Ratings (S&P) have assigned a “B” long-term issuer credit…
Dovre appoints Miko Olkkonen as VP in charge of Finland
HELSINKI, FINLAND: Dovre Group has appointed Mr. Miko Olkkonen (M.Sc. Engineering) as the new Vice President of Finnish Project Personnel business and CEO of Proha Oy as of September 1, 2021. Previously Miko has worked for Pöyry in various positions including project management and business development. After his career with Pöyry, Miko worked for various…
PSC Insurance buys Alliance Insurance for $24.5mn
SYDNEY, AUSTRALIA: PSC Insurance Group Limited has entered into a binding agreement to acquire the broking business trading as Alliance Insurance, a news release said. PSC will be purchasing the insurance broking portfolio and other key business assets of Alliance from Alliance Insurance Broking Services Pty Ltd, with the business continuing to operate out of…
Class Limited acquired Topdocs for $13mn
SYDNEY, AUSTRALIA: Class Limited has acquired legal documentation software provider, Topdocs, a news release said. The transaction involves the complete acquisition of the Topdocs platform and customer base, for an enterprise value of $13 million adjusted for working capital, comprised of $11.7 million in cash, and $1.3 million in Class shares escrowed for 18 months….