LONDON: Diversified Gas & Oil plc (DGO) announced the $135 million conditional acquisition of certain Cotton Valley upstream assets and related facilities primarily in the state of Louisiana from Indigo Minerals LLC. Diversified Gas & Oil plc’s strategy of acquiring producing assets supported by their existing operational personnel is naturally and highly transferable to other…
BBGI Global Infrastructure completes a social infrastructure investment in London, UK
LONDON: BBGI Global Infrastructure S.A. has completed the acquisition of a 100% interest in a social infrastructure investment consisting of two recreation facilities and 100 affordable residential units across two sites in the London Borough of Tower Hamlets, UK. The public-private partnership project originally consisted of the design, construction, financing, operation, maintenance and rehabilitation of…
Headlam Group disposes of Swiss business, Belcolor AG for £12 million
LONDON: Headlam Group has entered into an agreement to dispose of its wholly-owned Swiss business, Belcolor AG, to the management team of Belcolor (management buyout). As a result of the disposal, Headlam will realise approximately £12.0 million in cash. Belcolor is a floorcoverings distribution business based in St. Gallen, Switzerland, and represents the entirety of…
Restore Plc to acquire Rainbow HoldCo Limited (EDM Group Limited) for £61 million
LONDON: Restore plc has entered into an agreement to acquire Rainbow HoldCo Limited, which trades as EDM Group Limited. The acquisition represents a strategically important transaction for Rstore Plc aligned to its stated acquisition criteria which will be additive to its core Records Management business and transformational for its growing digital business. Following the initial…
Zenith Energy to acquire Candax Energy Limited
LONDON: Zenith Energy Ltd. Announced that its recently incorporated subsidiary Compagnie Du Desert Ltd (CDD) has entered into a share purchase agreement (SPA) with Candax Energy Limited for the acquisition of a 100 percent interest in Candax’s fully owned subsidiary in Barbados, Ecumed Petroleum Tunisia Ltd (EPT), which holds a 100% interest in the El…
Jadestone Energy to acquire SapuraOMV’s Peninsular Malaysia Assets
LONDON: Jadestone Energy plc, an independent oil and gas production company focused on the Asia Pacific region, has executed a sale and purchase agreement with SapuraOMV Upstream Sdn. Bhd. to acquire SapuraOMV’s interest in Peninsular Malaysia for a total initial headline cash consideration of US$9 million. The Company will acquire interests in four licences, two…
Wereldhave sells Koningshoek shopping center for €47 million
AMSTERDAM: Wereldhave N.V. has sold its shopping center Koningshoek in Maassluis and has arranged a new green financing facility to cover for debt maturities from Q3 2022 to Q3 2023. Shopping center Koningshoek in Maassluis was sold for a total gross amount of €47 million. This is slightly above the bookvalue per year-end 2020. During…
CEO Angus Benbow leaves Centrepoint Alliance
SYDNEY: Centrepoint Alliance Limited notified that Chief Executive Officer Mr. Angus Benbow will leave the Company on May 28, 2021. Centrepoint Alliance Chairman, Mr. Alan Fisher, said: “We thank Angus for the contribution he has made to Centrepoint Alliance, particularly the repositioning of the advice business through his leadership of the Strategic Refresh transformation, during…
Calvary proposes to acquire Japara Healthcare for $1.04 per share
SYDNEY: Japara Healthcare Limited has received an unsolicited, indicative, conditional and non-binding proposal from Little Company of Mary Health Care Ltd (Calvary), an Australian not-for-profit healthcare and aged care provider, to acquire 100% of the shares in Japara by way of a Scheme of Arrangement. The indicative cash price offered to shareholders under the Indicative…
Renewable Energy Supply Agreement: Alpha HPA Limited has signs MoU with CleanCo Queensland Limited
SYDNEY: Alpha HPA Limited has signed a Memorandum of Understanding (MoU) with CleanCo Queensland Limited with respect to co-operation towards negotiating a Renewable Energy Supply Agreement (‘REA’) for the HPA First Project. Under the MoU, Alpha and CleanCo will consider a range of potential supply agreements underpinned by low-emission and renewable power generation from CleanCo’s…
Pointerra Limited to acquire US digital asset management business, Airovant LLC
SYDNEY: Pointerra Limited has signed a Non-Binding Term Sheet to acquire the business assets and undertakings of US drone-based digital asset management business, Airovant LLC. The Proposed Acquisition is subject to the completion of further due diligence activities and the execution of a formal Business Purchase Agreement between Pointerra, Airovant and the four founders of…
SkyCity Entertainment Group announces up to NZ$175 million retail bonds offer
AUCKLAND: SkyCity Entertainment Group has announced an offer of up to NZ$125 million (with the ability to accept oversubscriptions of up to an additional NZ$50 million at SkyCity’s discretion) of 6 year, unsecured, unsubordinated, fixed rate bonds maturing on 21 May 2027 to institutional investors and New Zealand retail investors. The offer is expected to…