Sioux Falls, S.D.: Avera Health announced Aquiline Capital Partners has acquired its telemedicine services, Avera eCare. Aquiline Capital is a private investment firm based in New York and London with $6.4 billion in assets under management. As part of the acquisition, Aquiline will execute the carve-out of Avera eCare and rename the company Avel eCare….
Nabati Foods patents new plant-based liquid egg
VANCOUVER, B.C.: Nabati Foods Global Inc. has patented its new plant-based liquid egg product, Nabati Plant Eggz, in Canada, the United States, and Australia, and is in the process of filing in Europe, and China as well. The healthy, liquid egg alternative is made from lupin and pea protein to mimic the consistency and texture…
IMC Holdings acquires medical cannabis network for $4.6mn
TORONTO, CANADA: IMC Holdings Ltd. has acquired the outstanding ordinary shares of R.A. Yarok Pharm Ltd., Rosen High Way Ltd. and High Way Shinua. Ltd. accelerating IMC’s execution of its vertical integration strategy within the Israeli retail market. On July 28, 2021, IMC Holdings concurrently executed definitive share purchase agreements to acquire all of the…
3D Systems to sell Simbionix to Surgical Science Sweden for $305 million
ROCK HILL: 3D Systems has signed a definitive agreement to sell its medical simulation business, Simbionix, to Surgical Science Sweden AB for a purchase price of $305 million, a news release said. This action will complete 3D Systems’ initiative to divest non-core businesses in order to focus exclusively on its strategic purpose as the leader…
Arendals Fossekompani sells Cogen Energia to MET Group
MADRID, Spain: Arendals Fossekompani has entered into an agreement with European energy company MET Group for the sale of Cogen Energia, a news release said. The agreement signed in Arendal and Madrid today, transfers full ownership of Cogen Energia from Arendals Fossekompani to MET Group. The financial details are not disclosed, but Arendals Fossekompani expects…
TotalEnergies buys EV charging network in Singapore
PARIS, FRANCE: TotalEnergies has signed with Bolloré Group for the acquisition of Blue Charge, the largest electric vehicle (EV) charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of the charge points currently under operation in Singapore, accessible to electric vehicles’ owners as…
Sanne Group acquires European fund business of PraxisIFM for £54mn
LONDON, UK: Sanne Group, the global provider of alternative asset and corporate services, announced the accretive acquisition of the European fund administration business of PraxisIFM Group Ltd for £54 million. The Funds Business is one of the leading players in the European listed funds administration sector, which has consistently delivered double digit revenue growth in…
UOG to sell Central North Sea licences for £3.2 mn
LONDON, UK: United Oil & Gas Plc, (UOG) the growing oil and gas company, announced the signing of non-binding Heads of Terms on an agreement to sell UK Central North Sea Licences P2480 and P2519 to Quattro Energy Limited for a headline consideration of up to £3.2 million, a news release said. United Oil &…
Digital 9 to develop £50mn intercontinental fibre system
LONDON, UK: Digital 9 Infrastructure has entered into definitive agreements to deploy over £50 million into the development of a new intercontinental fibre system. Key highlights: The new intercontinental fibre system is an innovative, carrier-neutral network platform between Europe, the Middle-East and India comprising subsea and terrestrial fibre assets which will connect key locations in…
Literacy Capital buys majority shares in Oxygen Freejumping
LONDON, UK: Literacy Capital has completed an investment in OFJ Spring Topco Limited, the holding company for Oxygen Freejumping. Oxygen Freejumping is an operator of trampoline and adventure parks in the UK, with four sites in England. Literacy Capital has injected fresh capital and acquired a majority stake, with further financial terms remaining undisclosed. Literacy…
Takeshi Sugiyama, President & CEO of Mitsubishi Electric Corporation, resigns
TOKYO, JAPAN: Mitsubishi Electric Corporation announced that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of…
Smurfit Kappa agrees to acquire Verzuolo for €360 million
LONDON, UK: Smurfit Kappa Group (SKG) has agreed to acquire Verzuolo, a containerboard business in Northern Italy, for a cash consideration of €360 million, a news release said. The Verzuolo mill owned by the Burgo Group, is situated close to the port of Savona in the northwest of Italy. The PM9 machine was newly constructed…