LONDON, UK: Keywords Studios has acquired the entire issued share capital of AMC, a video game art creation studio for a total consideration of €2.8 million, a news release said. The acquisition adds significant talent and experience to Keywords’ art service line and establishes its presence in Eastern Europe. The acquisition also brings opportunities for…
TechnipFMC makes strategic investment in Loke Marine Minerals
PARIS, FRANCE: TechnipFMC is joining forces with Loke Marine Minerals to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand…
Genesis Energy to add solar to energy portfolio
AUCKLAND, NEW ZEALAND: Genesis Energy has signalled its intent to develop solar as part its renewable generation programme. The company is in active discussions with international solar developers to finalise a joint venture arrangement to deliver up to 500MW of solar capacity over the next five years as part of its Future-gen strategy. This would…
Aegon calls $250 million in perpetual capital securities
AMSTERDAM: Aegon is exercising its right to redeem the USD 250 million floating rate perpetual capital securities with a minimum coupon of 4% issued in 2005. The redemption is in line with Aegon’s target to reduce leverage, a news release said. The redemption of these grandfathered Tier 1 securities will be effective September 15, 2021,…
Perpetual Limited buys Jacaranda Financial Planning
SYDNEY, AUSTRALIA: Perpetual Limited has announced the acquisition of Jacaranda Financial Planning Pty Ltd, a leading Sydney and Melbourne based boutique wealth advisory firm focused on the high net worth market segment with funds under advice (FUA) of $915 million as at 30 June 2021. Perpetual Chief Executive Officer and Managing Director, Rob Adams said:…
Anthony Wamsteker appointed CEO of Praemium Limited
MELBOURNE, AUSTRALIA: Praemium Limited announced the appointment of Anthony Wamsteker as Chief Executive Officer (CEO), effective from 16 August 2021. Anthony has held the role of Executive Director and Interim CEO since May 2021. Anthony previously joined the Praemium Board in November 2020 following Praemium’s acquisition of Powerwrap where he was Chairman. He brings over…
Pakistan’s automobile sales surge 114%
KARACHI: Pakistan Automobile Manufacturers Association (PAMA) released latest automobile sales data for July 2021, portraying 114 per cent increase in automobile sales to 24,918 units. Likewise, on a monthly basis, auto sales surged 87 per cent in July due to pent-up demand and off-take was visibly higher. “The triple digit growth in automobile sales volumes…
Kalera AS acquires &ever GmbH for EUR 130 million
OSLO, NORWAY: Kalera AS has entered into a share purchase agreement for the acquisition of all shares in &ever GmbH for a total consideration reflecting an enterprise value for &ever GmbH of EUR 130 million. The consideration will consist of a combination of cash and Kalera shares. Under the terms of the agreement, &ever GmbH…
Indoor Skydive buys virtual reality production studio
SYDNEY, AUSTRALIA: Indoor Skydive Australia Group Limited announced the acquisition of Red Cartel, Virtual Reality Production Studio and content developers. Red Cartel are one of Australia’s leading experts in Virtual Reality, AR, XR, location-based entertainment and premium animated content for Games, Venues and Enterprise. The company has over 20 years of experience servicing a large…
Pershing Square buys stake in Universal Music Group
LONDON, UK: Pershing Square Holdings announced that Pershing Square Holdings Ltd., Pershing Square L.P., and Pershing Square International Ltd., through an affiliated entity, have acquired 128,555,017 Ordinary Shares of Universal Music Group (UMG), representing 7.1% of the company from Vivendi S.E. for approximately $21.78 per share (or €18.58 per share at today’s exchange rate). The…
Mail.ru injects $60.3mn into AliExpress JV
LONDON, UK: Board of Directors of Mail.ru Group Limited approved the company’s participation, together with certain other shareholders, in the additional funding round of AliExpress Russia JV. Following approval from the Board, the Company submitted a $60.3mn payment to AER in return for additional shares in the AliExpress JV as part of its new share…
Credit ratings of Bondex Insurance Company upgraded
OLDWICK, NEW JERSEY: Insurance rating agency, AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Bondex Insurance Company. The outlook of these Credit Ratings is stable, a news release said. These ratings reflect Bondex’s balance sheet strength, which…