PERTH: United Networks Limited (UNL) has acquired Red Telecom Pty Ltd Business, a telecommunications service provider, increasing its recurring revenue and completing its 6th acquisition in 11 months. Benefits of the Acquisition: ●Increases annualised recurring revenue by $1.4M ●Increases average GP across all services in the business ●Streamlines operational efficiencies from the increase in scale…
Tony Pitt, CEO 360 Capital, to join Evans Dixon Board
SYDNEY: Evans Dixon Limited has invited Tony Pitt to join the Board given the commitment 360 Capital Group has shown in acquiring a 19.55% interest in the Company. Subject to shareholder approval, Mr. Pitt will become a non-executive director at the conclusion of the Company’s 2020 Annual General Meeting on Wednesday 11 November 2020. The Company also announces…
Daniel O’Halloran appointed as Chief Executive Officer of TYMLEZ Group
PERTH: TYMLEZ Group Limited has announced the appointment of company director Daniel O’Halloran as Chief Executive Officer. Daniel was appointed to the TYMLEZ Board in April 2020, he is an experienced Board Member, Energy Industry Executive and Investor, with more than 13 years’ experience consulting in the transmission power grid sector. As founder and CEO…
Kingfisher completes sale of Castorama Russia to Maxidom
LONDON: Kingfisher plc has completed the sale of Castorama Russia to Maxidom, a leading home improvement company in Russia, for a total consideration of RUB c.7.4bn (c.£73m). The total consideration of RUB c.7.4bn will be satisfied as follows: · 80% paid at the closing of the transaction · Remaining 20% to be paid…
Octopus Renewables to buy 4 solar PV sites in Spain for €37.8 million
LONDON: Octopus Renewables Infrastructure Trust has entered into a Share Purchase Agreement (SPA) for the acquisition of a 100% interest in a portfolio of solar PV assets located in Southern Spain, with completion of the acquisition conditional on the assets becoming ready to build, a news release said. The portfolio consists of 4 solar PV…
SDCL Energy buys portfolio of energy efficiency projects in Singapore for £2 million
LONDON: SDCL Energy Efficiency Income Trust has announced the acquisition of its first portfolio of energy efficiency projects in Singapore from Singapore Energy Efficiency Investments Pte. Ltd. (SEEPL) and associates for an equity cash consideration of £2 million. The portfolio consists of six operating assets, including chillers and bespoke energy-efficient air compressors that are installed…
Inland Homes sales worth £52.8m to two separate ‘Build to Rent’ Funds
LONDON: Inland Homes, a brownfield housing company with a focus on the south and south-east of England, announced two sales to two separate ‘Build to Rent’ Funds within its Centre Square and Buckingham House developments in High Wycombe. The Group has completed the unconditional sale of 123 units and amenity space via its joint venture,…
Oakley Capital acquires a majority stake in fitness and nutrition platform, 7NXT GmbH
LONDON: Oakley Capital Investments’ Oakley Capital Origin Fund 2 has acquired a majority stake in 7NXT GmbH, the leading online fitness and nutrition platform in the German speaking region, from founder and CEO Markan Karajica and Crosslantic Capital. Mr Karajica will continue in his role as CEO and will retain a significant minority stake in…
Immotion launches Let’s Explore Oceans
LONDON: Immotion Group, the UK-based immersive entertainment group, has launched its brand new ‘in-home’ product, the ‘Let’s Explore Oceans’ Mega Pack. The new offering comes as a complete boxed solution, including VR Goggles, carry case, holographic cube, hardback colour fact book, plus ten VR movies and four Augmented Reality (AR) experiences. Retailing at £59.99, $59.99…
McCarthy & Stone and Anchor Hanover partner to increase housing supply for older
LONDON: McCarthy & Stone and Anchor Hanover announce a development partnership which will see the England’s two leading retirement providers deliver a range of ‘affordable for all’ later living communities across the country. Providing high-quality housing across all tenures, this unique partnership, unmatched in the marketplace, will address the diverse needs of England’s growing ageing…
Britvic completes sale of its juice assets in France to Refresco
LONDON: Britvic Plc, one of the leading branded soft drinks businesses in Europe, has confirmed that Britvic has now completed the sale of its juice assets in France to Refresco. The sale, following approval by the French Competition Authority in July, includes the three juice manufacturing sites, related private label juice business and the Fruité brand….
PureTech Health appoints Kiran Mazumdar-Shaw to its Board of Directors
LONDON: PureTech Health plc announced the appointment of biotech entrepreneur Kiran Mazumdar-Shaw to its board of directors. Kiran Mazumdar-Shaw is an industry trailblazer who has spent her career surpassing societal expectations as the founder and chairperson of India’s largest and a leading global biopharmaceutical company, Biocon Limited. Driven by a commitment to provide access to…