SYDNEY, AUSTRALIA: Cromwell Property Group announced the appointment of property and funds management veteran Jonathan Callaghan as its new Chief Executive Officer (CEO), commencing no later than 1 January 2022. Mr Callaghan joins Cromwell following a distinguished and successful 14-year career at Investa Property Group, including as its CEO since 2016, where he was instrumental…
Dana Gas wins arbitration on sale of Egypt assets
SHARJAH, UAE: Dana Gas PJSC has received an award in its favour dated 19 July 2021 from the London Court of Arbitration (LCIA). The arbitration was initiated on 28 April 2021 by IPR Wastani Petroleum Ltd., a member of the IPR Energy Group, in relation to the Sale and Purchase Agreement (SPA) for the sale…
BTP Group to buy all assets of TCG Financial Holding and it’s subsidiaries
TAMPA, Fla.: BRP Group Inc., through its indirect subsidiaries, has entered into an agreement to acquire substantially all assets of TCG Financial Holding Company LLC and certain of its subsidiaries (The Capital Group), a news release said. The Partnership, BRP Group’s nomenclature for a strategic acquisition, is expected to close on or around August 1,…
Proofpoint’s stockholders approve acquisition by Thoma Bravo at $176 per share
SAN FRANCISCO: Proofpoint Inc. , a leading cybersecurity and compliance company, today announced that its stockholders voted to approve the acquisition of Proofpoint by Thoma Bravo, a leading software investment firm. Gary Steele, Chairman and CEO of Proofpoint, said, “On behalf of the Proofpoint Board of Directors, I would like to thank our stockholders for…
Talonvest Capital secures $45.5 million construction loan
IRVINE, Calif.:Talonvest Capital Inc. and its client, 1784 Capital Holdings have a $45.5 million construction loan for the ground-up development of a state-of-the-art self-storage facility in affluent Montgomery County, adjacent to the nation’s capital. Upon completion the property will consist of a 131,559 net rentable square feet of climate-controlled space in approximately 1,560 units on…
CCLS holds conference on Pakistan-China relationship and CPEC
LAHORE, PAKISTAN: The Centre for Chinese Legal Studies (CCLS) at the Shaikh Ahmad Hassan School of Law (SAHSOL), LUMS, recently organised a virtual conference ‘CPEC: Pakistan-China Security and Strategic Cooperation’. The conference was attended by Senator Mushahid Hussain, Chairman Defence Committee; Professor Uzair J. Kayani, Head of Department, SAHSOL, and Professor Sikander A. Shah, Director, CCLS….
LISI Group acquires B&E Manufacturing
PARIS, FRANCE: LISI Group has signed an agreement to acquire 100% of the shares of B&E Manufacturing. B&E Manufacturing, based in Garden Grove, California, manufactures precision quality hydraulic tube fittings used in conjunction with Aerospace, Commercial and Military applications. The company was founded in 1981 by Larry Solinger and has grown since then as a key player in the hydraulic…
Vonex Limited agrees to buy MNF Group’s Direct Business for $31 million
SYDNEY, AUSTRALIA: Vonex Limited has agreed to acquire MNF Group’s Direct Business which services SME and Consumer customers for $31 million, comprising $20 million of cash consideration payable on completion and $11 million of deferred cash consideration payable in monthly installments over 12 months, a news release said. MNF will retain elements of the business…
PointsBet launches iGaming in New Jersey
MELBOURNE, AUSTRALIA: PointsBet New Jersey LLC has been authorised by the New Jersey Department of Gaming Enforcement (NJDGE) to commence iGaming operations and has launched its proprietary iGaming platform in that state. The launch of iGaming operations in New Jersey follows PointsBet’s inaugural iGaming launch in Michigan on 5 May 2021. iGaming revenues in the…
Nel ASA joins PosHYdon consortium
OSLO, NORWAY: Nel ASA joined the consortium agreement for the PosHYdon project, which aims to validate the integration of offshore wind, natural gas, and hydrogen, offshore the Netherlands. Nel will provide a MW-scale PEM electrolyser for the project.PosHYdon seeks to validate the integration of three energy systems in the Dutch North Sea: offshore wind, offshore…
Further action needed on EV charging to meet net zero: CMA
LONDON, UK: UK Competition and Markets Authority (CMA) has outlined measures to ensure the charging sector works well now and in the future. CMA launched competition enforcement action into long-term exclusive arrangements at motorway service stations; and set out measures to ensure a national network of electric vehicle chargepoints is in place ahead of the…
Duncan Owen joins Workspace Group as Non-Executive Director
LONDON, UK: Workspace Group PLC announced the appointment of Duncan Owen as Non-Executive Director of the Company, effective 22 July 2021. Duncan will join the Company’s Audit and Nominations Committees. Duncan has 30 years’ experience in the real estate sector. He was previously the CEO of Invista Real Estate Investment Management PLC and then Global…