SYDNEY: PSC Insurance Group Limited has entered into agreements to acquire two UK based commercial (SME) broking businesses including Trust Insurance Services for a base consideration of £15.5 million and Abaco Insurance Brokers for a base consideration of £21 million. Managing Director of PSC Tony Robinson said: “These acquisitions are consistent with our goal of…
Mike Sneesby appointed Chief Executive Officer of Nine Entertainment
SYDNEY: Nine Entertainment Co. (NEC) announced the appointment of Mike Sneesby as Chief Executive Officer, effective 1 April 2021, following the decision by the current CEO, Hugh Marks, to step down. NEC Chairman Peter Costello said, “We are pleased to make such a significant appointment. Under Mike’s leadership, Nine will be able to maintain the…
Prospect Park Capital to acquire DiiTalk
VANCOUVER: Prospect Park Capital has entered into a definitive agreement with DiiTalk Communications and it’s subsidiary PPK Acquisition Corp. to acquire all of the issued and outstanding securities of DiiTalk. DiiTalk, a corporation existing under the laws of British Columbia, is in the business of operating a rewards-based communication platform and the provision of services…
PSX signs agreement with NIFT to launch E-IPO system
KARACHI: Pakistan Stock Exchange (PSX) and National Institutional Facilitation Technologies (NIFT) signed an agreement to collaborate in the development of a new payment and registration system by PSX. PSX takes immense pride in announcing another important development for the capital market and its participants to digitally transform the Initial Public Offering (IPO) process through the…
Hexagon Purus signs two joint venture agreements with China’s CIMC Enric Holdings
OSLO: Hexagon Purus AS has signed two joint venture agreements with CIMC Enric Holdings Limited, headquartered in Shenzhen, China. The joint ventures will serve the fast-growing demand of the Chinese market for safe, lightweight and cost-efficient compressed hydrogen storage solutions. Relevant industrial standards for T4 cylinders are currently being implemented by the Chinese government. The…
Renishaw plc commences formal sale process of the company
LONDON: The Board of Renishaw Plc has launched a formal sale process for the Company after the founders Sir David McMurtry and John Deer, expressed intention to sell their approximately 53 percent shareholding in the company. The Board intends to seek a buyer who will respect the unique heritage and culture of the business, its…
Coinsilium Group to establish Gibraltar NFT Technology Studio
LONDON: Coinsilium Group Limited’s Gibraltar subsidiary, Terrastream Limited, has entered into a Memorandum of Understanding (MoU) with Indorse Pte. Ltd. to jointly launch a Non-Fungible Token (NFT) technology development studio in Gibraltar. It is proposed that the partnership will be based in Gibraltar and conducted through TerraStream, to be renamed “Nifty Labs Limited” which will…
Croda International acquires Alban Muller for €25 million
LONDON: Croda International Plc has agreed to acquire the worldwide business activities of Alban Muller for a total consideration of €25 million. Established in 1925, Croda is the name behind sustainable, high performance ingredients and technologies in some of the world’s most successful brands: creating, making and selling speciality chemicals that are relied on by…
Equals Group partners Tap Global to provide crypto currency liquidity
LONDON: Equals Group, the technology-led international payments group focused on the SME marketplace, announced a partnership with Tap Global Limited to provide crypto currency exchange services to both its B2B and B2C customer bases. Equals’ strategy is to provide multiple payment services across all currencies in a simple, accessible platform. Historically, the available curencies have…
NextEnergy Solar Fund acquires 100MWp UK Camden solar PV portfolio for £64.3 million
LONDON, UK: NextEnergy Solar Fund (NESF) announced the acquisition of the UK based Camden solar photovoltaic (PV) portfolio comprising two projects totalling 100MWp for a total consideration of c.£64.3 million. The portfolio is made up of two assets: The Grange: 50MWp on a c.214-acre site, located in Yorkshire, UK; and South Lowfield: 50MWp on a…
Bunzl plc announces acquisitions in UK, Netherlands and Canada
LONDON: Bunzl plc has recently completed three further acquisitions each in UK, Netherlands and Canada, a news release said. In January the Company acquired Deliver Net, a healthcare distributor to care home groups in the UK, with 2020 revenue of £20 million. Deliver Net is closely aligned with Bunzl’s existing care home business in the…
Polar Capital Holdings acquires Dalton Capital
LONDON: Polar Capital Holdings has acquired Dalton Capital, the parent company of Dalton Strategic Partnership LLP, as all pre-conditions including approval from the Financial Conduct Authority (FCA) were satisfied. The initial consideration for the acquisition has been satisfied through £8.5 million in cash plus 7,482 new ordinary shares in Polar Capital. Further deferred cash consideration…