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…
Jonathan Callaghan appointed new CEO of Cromwell Property Group
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…