LONDON: The Board of Thalassa Holdings has agreed to make an equity investment of £300,000 in Fintech company Cornerstone FS Plc, a cloud-based scalable foreign exchange and international payments platform. Thalassa leads the latest funding round by Cornerstone, which is set to conclude shortly, in which Cornerstone is raising approximately £780,000 to support its operations…
Asiatic Group move to arbitration with Phnom Penh Special Economic Zone for $14.4 million
SINGAPORE: Asiatic Group (Holdings) Limited’s subsidiaries, Colben System Pte Ltd and Colben Energy Holdings (PPSEZ) Limited, commenced arbitration proceedings against Phnom Penh Special Economic Zone Plc (PPSEZ) for a minimum of US$14.4 million in relief with regard to a dispute in connection with a power plant project in Cambodia. Asiatic Group’s position is that PPSEZ…
Höegh LNG to supply FSRU to H-Energy in India
HAMILTON, BERMUDA: Höegh LNG Holdings Ltd. has entered into a binding commitment to supply H-Energy with a Floating Storage Re-gasification Unit (FSRU) in Jaigarh from as early as first quarter 2021, a news release said. Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination…
Volue AS acquires Likron GmbH to create algorithmic trading powerhouse
OSLO: Volue AS, an Arendals Fossekompani portfolio company, has signed an agreement to acquire Likron GmbH (Likron) to strengthen the position as the leading provider of algorithmic power trading solutions in Europe, a news release said. “We are pleased to announce the accretive acquisition of Likron to further strengthen our offering within power trading software…
BaneNor and StrongPoint approve NOK 55.6 million relocation compensation
RÆLINGEN: StrongPoint received in 2019 an offer of NOK 55.6 million as a compensation for the disturbance and costs of relocating its labels production facility in Tangen, Norway. The settlement and time of payment have today been approved by both BaneNor and StrongPoint. This refers to the Oslo Stock Exchange announcement of June 25 2019…
HgCapital invests in The Septeo Group
LONDON: HgCapital Trust, Europe’s leading software investor, announced an investment in The Septeo Group, a European leader in LegalTech. Hg will invest alongside founders Philippe Rivière, Jean-Luc Boixel, Hugues Galambrun and the management team, which will continue to be led by Hugues Galambrun. HgCapital Trust plc will invest approximately £40.3 million in Septeo, with other…
Inspecs Group to acquire Eschenbach Holding GmbH for €94.85 million
LONDON: Inspecs Group plc has conditionally agreed to acquire all of the equity interests in Eschenbach Holding GmbH for €94.85 million, a news release said. The Consideration will be paid wholly in cash on closing. Eschenbach is a leading, global, eyewear supplier headquartered in Nuremberg, Germany. It has two divisions, one focused on designing and…
Guild Esports announces entry into Fortnite, signs Nikolaj Andreas Frøslev
LONDON: Guild Esports, a UK-based owner and developer of esports teams, announced its entry into Fortnite, a hugely popular battle royal online multiplayer game developed by Epic Games, with the signing of top-ranked professional player Nikolaj Andreas Frøslev (Flikk). The signing of Flikk marks Guild’s move into its fourth esports discipline and is the first…
PAG to invest A$150 million to support the launch of Rex’s domestic jet operations
SYDNEY: Regional Express (Rex), Australia’s largest independent regional airline, has signed an agreement with PAG Regulus Holdings Pte Ltd (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG, for an investment up to AUD 150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on 1…
Pro Medicus’ subsidiary Visage Imaging renews contract with Zwanger Pesiri
SYDNEY: Pro Medicus Limited announced its wholly-owned U.S. subsidiary, Visage Imaging Inc. has signed a 5-year renewal contract with Long Island based Zwanger Pesiri, one of the largest private outpatient radiology providers in the U.S. The contract, based on a transaction-based licensing model, will see the company’s Visage 7 technology continued to be used across…
Pro Medicus Limited (ASX:PME)
Pro Medicus Limited (ASX:PME) Share price Pro Medicus Limited [ASX: PME] is a leading medical imaging I.T. provider. Founded in 1983, the company provides a full range of radiology I.T. software and services to hospitals, imaging centres and health care groups worldwide. In late January 2009, the company announced the purchase of Visage Imaging, which…
Swift Media launches equity capital raise to accelerate growth
SYDNEY: Swift Media Limited is conducting a placement to sophisticated and professional investors to raise $3 million, with Swift’s board having discretion to accept oversubscriptions. The Placement to eligible sophisticated, professional and institutional investors will be conducted via a bookbuild and the Company confirms it has, prior to the bookbuild, received strong expressions of interest,…