LONDON: Croda International Plc announced that its fragrances and flavours subsidiary, Iberchem, has agreed to acquire Parfex S.A., a fine fragrance business based in Grasse, France, for a total enterprise value of €45 million. Established in 1985 and now employing 75 people, Parfex creates fragrances principally for premium personal care and fine perfumery markets, leveraging…
Joules Group announces appointment of CFO
LONDON: Joules Group, the premium British brand, announced the appointment of Caroline York as its new Chief Financial Officer (‘CFO’) following a thorough search process. Caroline will join Joules no later than September 2021 from Moneysupermarket Group Plc, the FTSE250 price comparison business, where she is currently Finance Director. Prior to Moneysupermarket, Caroline held finance…
Good Energy Group appoints Nigel Pocklington as Chief Executive Officer
LONDON: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, announced the appointment of Nigel Pocklington as Chief Executive Officer (CEO). Nigel will succeed Juliet Davenport, who announced in February 2021 that she wished to step down once a suitable successor had been identified. Nigel is expected to join the Good…
EML Payments Limited acquires Sentenial Limited for upto €110 million
SYDNEY: EML Payments Limited has entered into a binding Share Purchase Agreement to acquire 100% of Sentenial Limited and its wholly owned subsidiaries including their open banking product, Nuapay for an upfront enterprise value of €70 million plus an earn-out component of up to €40 million. Sentenial was founded in 2003, building out a technology…
The GO2 People Ltd to acquire employment services provider, Skill Hire Australia
SYDNEY: The GO2 People Ltd has entered into a Share Purchase Agreement to acquire all of the shares in leading WA-based Employment Services provider Skill Hire Australia Pty Ltd. The transaction aligns with the Company’s previously stated strategic plan to add high quality businesses to its portfolio under the GO2 umbrella, and its continued focus…
Lacroix Group unveils Leadership 2025, its new strategic plan
PARIS: Lacroix Group has taken on a new purpose with the Leadership 2025 plan: to enable its customers to build and manage smarter life ecosystems through useful, robust and secure connected technologies. As a result, technology is at the heart of the new plan. Indeed, with the rapid spread of the IoT and the number…
Technip Energies contracted by Indian Oil Corporation to Upgrade Barauni Refinery in India
PARIS: Technip Energies has been awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India, a news release said. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million…
Societe Generale to sell Lyxor to Amundi for EUR 825 million
PARIS: Societe Generale’s Board of Directors approved, during a meeting on 6 April 2021, the entry into exclusive negotiation with Amundi with a view to disposing of the asset management activities operated by Lyxor, a news release said. Lyxor is an entity which includes the Group’s asset management activities and operates in particular through Lyxor…
Exact Therapeutics appoints Dominic Moreland as Chief Financial Officer
OSLO: Exact Therapeutics AS announced the appointment of Dominic Moreland as Chief Financial Officer who will be based at the London office of EXACT-Tx in White City. “We are delighted to welcome Dominic to EXACT Therapeutics AS where his strong prior experience in both finance and operations in the biopharmaceutical sector, most recently as VP…
House of Outdoors Inc. acquires LYN Fishing
DALLAS: Rise Run Capital’s portfolio company House of Outdoors Inc. (HOO) has acquired LYN Fishing, a news release said. LYN creates high quality fishing line for a variety of angling styles, methods and environments. “As HOO’s portfolio continues to grow, we are committed to investing in businesses and providing a platform to continue to nurture…
GFH shareholders approve $42 million dividend in cash and bonus shares
MANAMA: GFH Financial Group shareholders approved the Board of Directors’ recommendation for the distribution of a total dividend of US$42million. This included cash profits for all ordinary shares, save for treasury shares, at 1.86% of the nominal value of the share (equal to US$0.0049, BD0.001859, UAE dirham 0.0181) totaling US$17 million and bonus shares for all ordinary shares at…
KL HI-TECH and Zwipe collaborate to launch next generation payment cards in India
OSLO: KL HI-TECH, one of India’s largest payment card manufacturers, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in India and key international markets. Founded in 1988, KL HI-TECH currently delivers a total of 50 million cards per year, of which approximately 30 million are payment cards, serving…