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….
Stephen M. Long appointed CEO of GLE
SYDNEY, AUSTRALIA: Silex Systems Limited and Cameco Corporation announceed the appointment of Stephen M. Long as Chief Executive Officer of GLE, effective 1 September 2021. Mr Long is a highly experienced and well-regarded executive in the nuclear energy industry. He joins GLE from GE Hitachi Nuclear Energy Americas (GEH), where he most recently served as Senior Vice…
Crowd Media Holdings appoints Idan Schmorak as CEO
SYDNEY, AUSTRALIA: Crowd Media Holdings Limited announced the appointment of Idan Schmorak as Chief Executive Officer (CEO) of the Company with effect from Monday 20th September 2021. Idan currently serves as the Director of Business Development at VFR Holdings, an Israeli-based start-up incubator and investment firm. In this position he has been tasked with driving growth in…
Delta Drone to acquire Arvista
SYDNEY, AUSTRALIA: Delta Drone International Limited (DLT) has entered into a conditional Share Purchase Agreement to acquire 60% of Arvista Pty Ltd, and a Shareholders Agreement relating to Arvista which includes a Call Option to acquire the remaining 40% of Arvista in the future. The enterprise value upon which the acquisition is based is $1.6 million for…
Odfjell SE sells two 9,000 CBM Ethylene carriers
OSLO, NORWAY: Odfjell Gas Shipowning AS, a subsidiary 100% owned by Odfjell SE, entered into a transaction agreement with BW Epic Kosan Ltd. (BWEK) for the sale of two LPG/Ethylene carriers, Bow Guardian and Bow Gallant, both built in Korea in 2008. These two vessels have the capability to carry gases such as LPG, propylene,…
Simplifai enters a strategic partnership with Easy2You
OSLO, NORWAY: Simplifai has entered into a strategic partnership agreement with the LogTech company Easy2You Technology. Easy2You Technology has its Headquarter in Ålesund, Norway, and is delivering digital logistics services to both online retailers, private- and public sector. Their technology platform connects the customer and provider of transportation with advanced algorithms to optimize speed and…
Avation signs three ATR leases with Hevilift
LONDON, UK: Avation PLC, the commercial passenger aircraft leasing company announced that it has signed new five-year leases for three ATR 72-500 aircraft with the Australian airline Hevilift. Two of the new leases are follow-on leases for aircraft that are already operating with Hevilift and the third is a new lease. The first of the…
AXA Group sells AXA Singapore for $575 million
PARIS, FRANCE: AXA Group has entered into an agreement with HSBC to sell AXA Insurance Pte Ltd (AXA Singapore). Under the terms of the agreement, AXA will sell AXA Singapore for a total cash consideration of USD 575 million (or Euro 487 million). “This transaction is another step in AXA’s simplification journey” said Gordon Watson,…
Just Group sells lifetime mortgages to Rothesay Life
LONDON, UK: At the interim results on 12 August 2021, Just Group Plc announced that it was in the process of selling a portfolio of lifetime mortgages with a loan value of over of £475 million and an IFRS value as at 30 June 2021 of £493 million. Just Group has completed the sale of…