LONDON: Quilter Plc has entered into an agreement with Utmost Holdings Isle of Man Limited, a subsidiary of Utmost Group Limited with respect to the sale of Quilter International, which is comprised of Quilter’s entire shareholding in Quilter International Holdings Limited and Quilter International Ireland dac. TRANSACTION HIGHLIGHTS: · Proposed sale of Quilter International to…
Van Elle Holdings acquires ScrewFast Foundations Limited for upto £3.68 million
LONDON: Van Elle Holdings has acquired 100% of the share capital of ScrewFast Foundations Limited, an innovative helical piling and steel modular foundations company for a maximum consideration of £3.68 million. An initial consideration of £1.76m is payable in cash on completion, with up to a further £1.92m of deferred and performance-based cash consideration payable…
AERIF expands its Portuguese solar portfolio with the acquisition of Ourique
LONDON: Aquila European Renewables Income Fund plc (AERIF), the London-listed investment company advised by Aquila Capital, has entered into a Sale and Purchase Agreement (SPA) to acquire 50% of the equity in an unlevered Portuguese solar operating asset (Ourique). Closing of the transaction is expected to occur in April 2021. Ourique is located in Alentejo,…
Aquila European Renewables Income Fund plc (AERIF)
Aquila European Renewables Income Fund plc (AERIF) is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production…
LafargeHolcim acquires Firestone Building Products
PARIS: LafargeHolcim announced that its Holcim Participations (US) Inc. subsidiary has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. The transaction closed earlier than expected due to smooth collaboration with Bridgestone and all 1,900 employees will be joining LafargeHolcim. Jan Jenisch, LafargeHolcim CEO: “I warmly welcome the Firestone Building Products team…
Mutares SE & Co. completes acquisition of Primetals Technologies France and Ericsson Services Italia
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd. The company will from now on operate under the new name Clecim France. Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. With close to 250 employees, efficient production…
Universal Biosensors signs Canadian distribution deal
SYDNEY: Universal Biosensors Inc. has entered into a non-exclusive Distribution Agreement with Vines to Vintages Inc for the distribution of its wine testing platform device “Sentia” in Canada. The Distribution Agreement is for a three-year term and contains standard renewal and termination options available to both parties. John Sharman, CEO of UBI said; “The launch…
Alexis George appointed new CEO of AMP Limited
AUCKLAND: AMP Limited has appointed Alexis George as its new group Chief Executive Officer (CEO), to take over from Francesco De Ferrari who will retire from the role as the company completes its portfolio review. Ms George will join AMP from ANZ where she has served as Deputy Chief Executive Officer, as well as Group…
Dorel completes $51mn sale of China manufacturing facility
MONTRÉAL: Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate. As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China as well as its product…
Orkla acquires India based Eastern Condiments Private Limited for NOK 2.4 billion
OSLO: Orkla ASA has completed the purchase of 67.82 percent of the shares in India based Eastern Condiments Private Limited at an enterprise value of NOK 2.4 billion. With this acquisition, Orkla will be a major employer in India, owning nine factories in six states which cater to the whole of India as well as…
FCPT acquires Starbucks property for $2.3 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rate in range with FCPT’s previous investments. FCPT,…
Spectrio acquires Enplug
TAMPA: Spectrio has acquired Enplug, a digital signage company based in Culver City, California. The acquisition enhances Spectrio’s robust digital communications platforms, adding enterprise-level management features to meet the needs of global organizations, as well as expanding integrations to enhance the customization of brand communications. Enplug’s plug-and-play digital signage solution features an intuitive online content…