AUCKLAND, NEW ZEALAND: New Zealand Rural Land Company will on 2 August 2021 acquire a 500ha dairy farm located in South Canterbury (Makikihi Farm) for $12 million. The purchase price will be funded from cash on hand and a drawing under NZL’s revolving credit facility with Rabobank. As detailed in the notice of meeting dated…
Johns Lyng Group acquires Steamatic Australia for $10.8 million
SYDNEY, AUSTRALIA: Johns Lyng Group has acquired a 60% controlling equity interest in Steamatic Australia – a leading national restoration services company, effective 1 July 2021. The deal consolidates Johns Lyng’s position as a national market leader in restoration services and represents natural progression of the Group’s global expansion strategy following the acquisition of the…
StorageVault Canada buys two stores in GTA for $8.15mn
TORONTO: StorageVault Canada Inc. has completed the acquisition of two stores in the GTA from two vendor groups, for an aggregate purchase price of $8.15 million, a news release said. The acquisitions were arm’s length transactions. The purchase price for the Acquisitions, subject to customary adjustments, was paid by the issuance of 447,385 common shares…
AXIA Capital Bank plans expansion to Asia-Pacific region
ROAD TOWN, BRITISH VIRGIN ISLANDS: AXIA Capital Bank has announced its plan to bring its banking services to Asia-Pacific. The platform will be offered through AXIA Capital Bank Asia-Pacific, the bank division that specializes in emerging markets. This expansion will deliver the combined benefits of blockchain technology and digital banking to one of the fastest…
Aquiline Capital Partners acquires telemedicine services, Avera eCare
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 &…