LONDON: Dev Clever Holdings has entered into a five-year exclusive partnership agreement with Veative Labs and the National Independent Schools Alliance (NISA), India’s largest governing body for budget private educational institutions. The partnership agreement will see all parties execute an implementation and rollout schedule, commencing in January 2021, that will result in Dev Clever’s Launchyourcareer…
Hambro Perks to acquire Ombu’s portfolio
LONDON: Schroder UK Public Private Trust (SUPP) announced that Hambro Perks, a UK venture firm and investment management platform, has agreed to acquire the entire issued share capital of Ombu Group Limited, in which SUPP is a minority shareholder. The transaction was financed by HP Environmental Technologies Fund LP (“HPET”), a newly-established vehicle focussed on…
S&P Global Ratings upgrades PJSC Polyus with stable outlook
LONDON: PJSC Polyus notes that S&P Global Ratings (“S&P”) has upgraded the Company’s long-term issuer credit and issue ratings to ‘BB+’ with a stable outlook from ‘BB’/positive. In assigning Polyus a ‘BB+’ Rating, S&P highlighted the Company’s conservative financial and dividend policy, which Polyus has been strictly following over the previous years. The upgrade also…
Greencoat Renewables to acquire Cloghan and Taghart windfarms from Statkraft
DUBLIN: Greencoat Renewables Plc signed an agreement to acquire the Cloghan and Taghart windfarms from Statkraft under a forward sale model for a combined consideration of €123 million, a news release said. Construction of the wind farms is scheduled to begin shortly, with the acquisition due for completion once each wind farm is fully operational,…
Rosslyn Data Technologies announces launch of CustomsCloud product
LONDON: Rosslyn Data Technologies plc, a leading global big data technology company, announced the release of its Customs Cloud software solution. The cloud-based self-service solution is designed to enable importers to overcome the additional customs procedures resulting from the UK’s departure from the European Union. CustomsCloud enables Rosslyn clients to register with HMRC and to…
Stenprop Limited selling Victoria Retail Centre for EUR37.45 million
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has exchanged contracts on the sale of its freehold interest in the Victoria Centre in Berlin, Germany to Art-Invest Real Estate Funds GmbH for €37.45 million. The disposal price is at our 30 September book value and reflects a 19.3% (€6.05 million) premium to the…
NatWest acquires mortgage portfolio from Metro Bank
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £3.0 billion portfolio of prime UK mortgages, a news release said. The portfolio consists of owner occupied residential mortgages with a weighted average current loan to value of c.60%. As part of the transaction, NatWest will welcome over 13,000…
Marlowe plc acquires DeltaNet International Limited
LONDON: Marlowe plc has acquired compliance & safety eLearning platform DeltaNet International Limited for an initial consideration of £3.0 million. DeltaNet, established in 1998, is headquartered in Loughborough and provides accredited health & safety, compliance & HR eLearning courses to companies across the UK and internationally. DeltaNet employs 36 staff, around half of whom are…
Darcy Willson-Rymer appointed CEO of Card Factory
LONDON: Card Factory, the UK’s leading specialist retailer of greeting cards and complementary products, announced the appointment of Darcy Willson-Rymer as Chief Executive Officer. During his time at Costcutter, Darcy successfully steered a nationwide multi-site owned and franchised convenience retail business through a period of significant change, including the development of a new operating model,…
Telecom Egypt and Orange Egypt sign a number of commercial agreements
CAIRO: Telecom Egypt and Orange Egypt signed an amendment to their mobile-to-fixed termination agreement, and an annex to the current agreements extending to 2022 governing international voice services, with the aim of improving their commercial and service quality terms. Additionally, the companies signed another agreement to resolve some pending commercial disputes and develop mechanisms to…
Mutares signs binding offer to acquire majority stake in Carglass Maison Group
MUNICH: Belron has entered into exclusive negotiations with Mutares and HomeServe France in preparation for the sale of Carglass Maison Group (CGM), on the basis of a firm and binding offer which follows a broad competitive process. This important step launches a period of consultations and approvals which should result in a finalized transaction in…
Veidekke signs new bank financing agreements
OSLO: Veidekke ASA has entered into agreements to refinance existing bank loans in DNB and SEB. The agreements are part of the adjustment of the group’s capital structure and financing conditions following the divestment of Veidekke Property Development in early autumn. Veidekke has restructured the current overdraft facility with the group’s main bank DNB to…