PARIS, FRANCE: The shareholders of Artefact entered into exclusive negotiations regarding a potential acquisition by Ardian Expansion of 17.811 million ordinary shares (controlling block), representing 52.09% of the share capital and 52.09% of voting rights of Artefact, for a price of 7.8 euros per ordinary share, a news release said. As part of the acquisition…
Gresham House secures Australian forestry mandate
LONDON, UK: Gresham House will be appointed as asset manager for a 24,800-hectare Australian forestry investment, Green Triangle Forest Products (GTFP), which AXA IM Alts has agreed to acquire, subject to regulatory approval, on behalf of clients. Gresham House also acted as the advisor for AXA IM Alts in relation to this transaction. The appointment…
TotalEnergies signs renewable power purchase agreement with Air Liquide
PARIS, FRANCE: TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a Corporate Power Purchase Agreement with Air Liquide. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years. Air Liquide will use this renewable energy to power some of its industrial and medical gas production sites in…
Octopus Renewables to buy 250MW solar sites in Ireland for £125 million
LONDON, UK: Octopus Renewables Infrastructure Trust has agreed to acquire a portfolio of solar PV sites in Ireland from Statkraft Ireland Limited, a news release said. The portfolio consists of five sites near Dublin, Ireland that are expected to have an installed capacity of up to 250MW. These assets form part of the pipeline assets…
Kanabo Group signs term sheet to acquire Materia’s European businesses
LONDON, UK: Kanabo Group Plc signed a non-binding term sheet with 11157353 Canada Corp, which trades under the name of Materia, to acquire Materia’s European businesses, a news release said. The acquisition is to be fully satisfied through the issue of Kanabo shares. As part of the Proposed Transaction, Kanabo will also make a loan…
Andrew Taylor appointed on the board of iomart Group
LONDON, UK: iomart Group plc, the cloud computing company, announced the appointment of Andrew Taylor as a Non-Executive Director of the Company, with effect from 1 August 2021. As described in the Company’s Final Results announcement in June, the Board has sought the appointment of a fourth independent Non-Executive Director to add additional sector skills…
S4Capital announces combination between Destined and MightyHive
LONDON, UK: S4Capital announces a combination between Destined and MightyHive, which significantly expands the capabilities of its data & digital media practice in Asia Pacific and augments their global Salesforce capabilities. Destined is a leader in digital transformation strategy, Salesforce platform implementation, integration strategy & execution, managed services, and training and change management. Destined was…
NewRiver REIT to sell Hawthorn Leisure REIT to AT Brady Bidco for £222.3 million
LONDON, UK: NewRiver REIT plc has entered into an agreement for the sale of the entire issued share capital of Hawthorn Leisure REIT Limited to AT Brady Bidco Limited for a gross aggregate cash consideration of approximately £222.3 million. Allan Lockhart, Chief Executive of NewRiver, commented: “Over recent years, we have grown Hawthorn to become…
Mark Routh appointed CEO of Prospex Energy Plc
LONDON, UK: Prospex Energy PLC announced the appointment of Mark Routh as CEO and the conditional appointment as a Director of the Company. Edward Dawson, the current Managing Director, will stand down with immediate effect from the Prospex Board of directors, but will remain as an employee of the Company to support an orderly transfer…
ECS Botanics secures $4.5 million medicinal cannabis supply agreement with Alivio Spolka
SYDNEY, AUSTRALIA: ECS Botanics Holdings has entered into a five year agreement with Polish company Alivio Spolka ZO. for the supply of medicinal cannabis products, which will generate a minimum of $4.5m in revenue for the company. Managing Director, Alex Keach said: “We are very excited to partner with Alivio Spolka. This agreement highlights the…
IMEXHS Limited to buy RIMAB SAS for A$8.5 million
SYDNEY, AUSTRALIA: IMEXHS Limited has entered into an agreement for the acquisition of Colombia-based radiology services provider RIMAB SAS for approximately A$8.5 million, a news release said. RIMAB is associated with IMEXHS through management ownership and joint agreements. The acquisition will remove related party transactions and increase transparency for shareholders. As RIMAB is substantially owned…
Boral Limited agrees to sell its Australian timber business for $64.5 million
SYDNEY, AUSTRALIA: Boral Limited has entered into an agreement with Allied Natural Wood Enterprises Pty Limited (Pentarch Group) to sell its Australian hardwood and softwood timber business for $64.5 million, subject to customary completion adjustments, a news release said. The divestment of the timber business, which is expected to be completed in 2021, is in…