LONDON, UK: M.P. Evans Group PLC, a producer of sustainable Indonesian palm oil, has completed the purchase of the 5% minority holding in the majority (70% by Group-owned planted hectarage) of its Indonesian subsidiary trading companies. The acquisition has been made by the Group’s wholly owned subsidiary, P.T. Evans Indonesia, and encompasses the 5% shareholdings…
TPFG acquires The Guild of Property Professionals and Fine & Country
LONDON, UK: The Property Franchise Group PLC (AIM: TPFG), the UK’s largest multi-brand property franchisor, announced the acquisition of the entire issued share capital of both GPEA Limited and associated companies, trading as The Guild of Property Professionals (The Guild) and as Fine & Country, for a total consideration of approximately £20 million. The consideration…
Mark Perrins appointed Group Chief Executive Officer of Strip Tinning Holdings
LONDON, UK: Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, announced that, further to the announcement on 30 April 2024, Mark Perrins has been appointed Group Chief Executive Officer (“CEO”) and joins the board of directors of the Company effective immediately. Mark Perrins has served as…
Mosman Oil and Gas acquires 10% working interest in a helium project in USA
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen exploration, development, and production company, has acquired a 10% working interest (WI) in a helium project in Las Animas County, Colorado, USA (the “Vecta Helium Project”) from Vecta Oil and Gas Ltd, a private company that has explored, drilled and produces helium…
Regal Partners acquires Merricks Capital for A$235 million
SYDNEY, AUSTRALIA: Regal Partners Limited (ASX:RPL) has entered into a share sale deed to acquire 100% of the issued share capital of JRJJ Capital Pty Ltd (the head entity of the business trading as “Merricks Capital”. Merricks Capital, founded in 2007 by current Executive Chairman and Chief Investment Officer (“CIO”) Adrian Redlich, is a hard…
Generation Development Group to acquire remaining 61.9% of Lonsec for $197.4 million
SYDNEY, AUSTRALIA: Generation Development Group Limited (ASX:GDG) has entered into a binding agreement to acquire the remaining 61.9%of Lonsec Holdings Pty Ltd’s fully diluted share capital not already owned by GDG for $197.4 million up-front consideration. Following GDG’s highly successful investment in Lonsec in 2020, a move to 100% ownership provides an opportunity for GDG…
OPEC+ Extends Oil Output Cuts Amid Market Challenges
On Sunday, OPEC+ made the decision to extend most of its deep oil output cuts well into 2025, surpassing market expectations. The group aims to stabilize the market amidst sluggish demand growth, elevated interest rates, and increasing US production. Oil prices currently hover around $80 per barrel, falling short of what many OPEC+ members require…
Valereum and Securities Trading Technology Mauritius to develop financial market infrastructure
LONDON: Valereum Plc (AQSE: VLRM), the Gibraltar technology group, and Securities Trading Technology (Mauritius) Ltd (STT) have entered into a strategic partnership to jointly develop Valereum’s core technology infrastructure – “The Bridge” Digital FMI (Financial Market Infrastructure). STT will provide continued support and development from their extensive in-house expertise within capital markets technology, with a…
Renault Group and Geely create HORSE Powertrain Limited
PARIS, FRANCE: Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to above as “Geely”) have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom. Luca de Meo,…
Eurazeo sells its 25% stake in MCH Private Equity
PARIS: Eurazeo announced the sale of its 25% stake in MCH Private Equity (MCH), an asset manager specialized in small cap private equity in Spain. Eurazeo retains an EUR 80 million investment in the MCH V fund. An announcement will be made by Eurazeo before the end of July on the finalization of this process,…
Mutares enters exclusive negotiations for the sale of Repartim group
MUNICH: Mutares SE & Co. KGaA has entered into exclusive negotiations for the sale of its portfolio company Repartim to an institutional investor. In accordance with French law, a consultation process is currently taking place between the respective employee representatives of Repartim and the investor. The closing of the transaction is expected in the third…
Qben Infra to acquire Team Bygg AS, Holtekilen Bolig AS and Sørumsand Panorama AS
OSLO, NORWAY: On 31 May 2024 Qben Infra announced the signing of a share purchase agreement for all of the outstanding shares in Team Bygg AS from Tb Industrier AS. As part of the acquisition, Qben Infra has also signed a share purchase agreement for Tb Industrier AS’ 90% ownership stakes in Holtekilen Bolig AS…