OSLO, NORWAY: Orkla ASA has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands. Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million….
Bank Norwegian CEO Tine Wollebekk resigns
OSLO, NORWAY: The Board of Directors of Norwegian Finans Holding ASA (Norwegian Finans Holding, OSE: NOFI) today announced that CEO Tine Wollebekk has handed in her resignation to assume a new position. “Tine has during her four-year tenure led the continued growth of the company, leaving a strong Bank Norwegian with a leading market position…
PropTech Group agrees to acquire Eagle Software for $7.5 million
SYDNEY, AUSTRALIA: PropTech Group Limited has agreed to acquire Eagle Software Pty Ltd, an innovative and modern real estate CRM, website and marketing solution provider focused on independent, boutique and small multi-office real estate agencies. Eagle Software will be acquired on a cash and debt free basis for $7.5 million in upfront cash and scrip…
Alliance Aviation acquires an additional two E190 aircraft
SYDNEY, AUSTRALIA: Alliance Aviation Services has entered into a binding agreement to purchase two additional E190 aircraft which will take the total committed fleet to 32. These aircraft have previously been operated by Helvetic Airways in Switzerland and both aircraft have recently undertaken full base maintenance checks. As a result of the maintenance status of…
Green Lithium secures £1.6 million in seed round funding
LONDON, UK: Green Lithium, the mineral processing company, has secured £1.6 million in seed round funding as it progresses plans to build and operate the UK’s first large-scale commercial lithium refinery. The seed round attracted funding from a range of high-net-worth individual investors, closing at more than five times the initial target amount. This comes…
AIB Group plc confirms acquisition of €4.2 billion Ulster Bank corporate and commercial loans
LONDON, UK: AIB Group plc confirms that Allied Irish Banks, p.l.c.1 has today entered into a binding agreement with NatWest Holdings Limited and Ulster Bank Ireland DAC for the acquisition of c. €4.2 billion of performing Ulster Bank corporate and commercial loans. This agreement has been reached further to the Memorandum of Understanding that was…
DX Group launches new express depot in Middlesbrough
LONDON, UK: DX Group has launched a new depot in Middlesbrough, continuing its expansion strategy. DX Group is a leading provider of delivery solutions including parcel freight, secure, courier and logistics services. The new depot, located in Riverside Park Industrial Park, replaces a smaller site in Hartlepool, and will become the centre of operations in…
Ulster Bank agrees to sell commercial lending to Allied Irish Banks
LONDON, UK: Ulster Bank in the Republic of Ireland has announced signing of an agreement to sell the majority of its commercial lending to Allied Irish Banks p.l.c. As part of the phased withdrawal from the Republic of Ireland, NatWest Group (NWG) and Ulster Bank in the Republic of Ireland (UBIDAC) announced on 19 February…
Oakley Capital agrees sale of ACE Education to Groupe Amaury for £16 million
LONDON, UK: Oakley Capital announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes in ACE Education (ACE), a leading private vocational higher education platform in France and Spain. OCI’s share of proceeds will be approximately c.£16 million. As part of the transaction, Oakley Capital Origin Fund…
MyHealthChecked Plc acquires Nell Health Ltd
LONDON, UK: MyHealthChecked Plc announced the acquisition of 100% of the outstanding share capital of Nell Health Ltd, a provider of genetic testing and personalised nutrition consultancy services, for an initial consideration of £1.202m, comprising £1.152m in payable in shares and £0.05m in cash, and a deferred consideration of up to £1.0m payable in shares…
Caerus Mineral Resources signs agreement to acquire Cyprus Gold Mines Ltd
LONDON, UK: Caerus Mineral Resources (LSE: CMRS) has signed an agreement on Heads of Terms for the acquisition of Cyprus Gold Mines Ltd (CGML), known currently as P.Von-de-Tsianos Gold Mines Ltd (PVTGM), a news release said. CGML is a private, Cypriot-registered, exploration and mining company that holds three advanced copper – gold exploration properties, each with…
JD Sports Fashion to acquire Deporvillage in Spain for €140.4 million
LONDON, UK: JD Sports Fashion announced that on 25 June 2021, Iberian Sports Retail Group SL (‘ISRG’), its existing 50.02% intermediate holding company in Spain, entered into a conditional agreement to acquire 80% of the issued shares in Deporvillage SL. Total maximum cash consideration for the acquisition of the initial 80% holding in Deporvillage, subject…