LONDON: Verona Pharma plc has entered into a debt financing facility for up to $30 million with Silicon Valley Bank (SVB), a news release said. The non-dilutive capital provides further financial flexibility to support pre-commercialization activities for ensifentrine, the Company’s first-in-class product candidate, which is currently in Phase 3 trials. Under the terms of the…
Greencoat UK Wind announces investment in Humber Gateway offshore wind farm
LONDON, UK: Greencoat UK Wind PLC has agreed to acquire a 49% stake in the Humber Gateway offshore wind farm from RWE, in partnership with a number of pension funds investing through a fund also managed by Greencoat Capital. UKW will acquire a net 38% stake in the wind farm for a consideration of £500m…
Kingswood Holdings Limited acquires Manhattan Harbor Capital
LONDON: Kingswood Holdings Limited announced the completion of the formal contribution of its US investments Chalice Capital Partners and Chalice Wealth Advisors into Manhattan Harbor Capital (MHC) at a value of $4 million for additional equity, which combined with an additional cash equity investment of $1.1 million increases Kingswood’s interest in MHC to a majority…
Tritax Big Box REIT prices £250 million of unsecured green bonds
LONDON: Tritax Big Box REIT plc has today priced £250 million of unsecured green bonds maturing on 27 November 2033 (2033 Notes) under the Company’s £1.5 billion Euro Medium Term Note Programme. This follows a series of fixed income investor meetings which generated substantial institutional demand. The 2033 Notes will have a tenor of 13…
Healius completes sale of its Medical Centres business
SYDNEY: Healius Limited announced the successful completion of the sale of its Medical Centres business, called Healius Primary Care, to funds managed by BGH Capital. Healius has received cash proceeds of $483 million, which represent $500 million enterprise value adjusted for future earn-outs to be funded by BGH Capital, movements in working capital and separation…
Austco Canada wins contract
SYDNEY: Azure Healthcare Limited announced that its subsidiary, Austco Canada, has been awarded A$1.6 million contract to supply its industry-leading Tacera Nurse Call platform for a new 27-acre integrated 350 bed hospital. Austco Canada won the project through Ellis Don the construction and building services company viaa rigorous competitive process. Austco Canada was chosen on…
AqualisBraemar to acquire LOC Group
OSLO: AqualisBraemar ASA has entered into an agreement to acquire 100 percent of the shares in LOC Group, thereby creating a leading global independent offshore energy and marine consultancy, a news release said. “Our strategy is clear; we want to grow through continued expansion in the rapidly growing offshore renewables industry, and leverage on our…
HGL Limited selling 50 percent stake in JSB Lighting to FOS Lighting
SYDNEY: HGL Limited has signed a binding Heads of Agreement for the sale of a 50% share in its JSB Lighting business to FOS Lighting Pty Ltd, a news release said. The transaction remains subject to approval of HGL’s lender ANZ, expected shortly. FOS Lighting is an Australian manufacturer of commercial and industrial lighting products…
MGC Pharmaceuticals completes acquisition of Australian Medicinal Cannabis Clinics
SYDNEY: MGC Pharmaceuticals Ltd announced completion of the 100% acquisition of the operating telehealth clinic business assets, data and intellectual property of Medicinal Cannabis Clinics (MCC), which was a wholly owned subsidiary of Cannvalate Pty Ltd. The completion of the Medicinal Cannabis Clinics (MCC) acquisition follows the signing of the binding term sheet in July…
Ontic acquires aircraft instruments product line from Flightline Electronics Inc.
CHELTENHAM: Ontic, the aerospace company, has acquired the manufacturing rights of four aircraft instruments from Flightline Electronics Inc, a subsidiary of Ultra Electronics. The electro-mechanical and digital instruments are used on various commercial and military platforms, with supply into leading aircraft manufacturers and operators. The instruments will be manufactured in Ontic’s North Carolina facility. “We…
CoStar Group agrees to acquire Homesnap Inc. for $250 million in cash
WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use the application an average…
Keppel Corporation announces leadership renewal for key business units
SINGAPORE: Keppel Corporation Limited (Keppel) has announced leadership changes at a few of its key business units, as part of the Group’s succession planning and leadership renewal. The next generation leaders are part of the team that formulated Keppel’s Vision 20301 and will lead the respective business units as they collaborate in pursuit of the…