MORRISVILLE: The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired McCon Building & Petroleum Services Inc, a news release said. Headquartered in Flower Mound, Texas, McCon is a full-service provider of petroleum equipment distribution, maintenance and construction services to customers across Texas. The addition of McCon to the JF Petroleum Group strengthens its…
Founders First Limited to change name to Mighty Craft Limited
SYDNEY, AUSTRALIA: Founders First Limited ( FFL) shareholders have approved a special resolution at its Annual General Meeting , which proposes to change the Company’s name to Mighty Craft Limited (MCL). The Company’s Board believes changing the name of the Company will create greater alignment with its business strategy and reset and re‐establish market perceptions…
Bendigo and Adelaide Bank completes Bookbuild for $450 million capital notes offer
SYDNEY: Bendigo and Adelaide Bank (BEN) has successfully completed the Bookbuild for its offer of $450 million Capital Notes, which was announced on 28 October 2020, a news release noted. Following the completion of the Bookbuild, Bendigo and Adelaide Bank confirmed an aggregate Offer size of $450 million, with the ability to raise more or…
China Alcoholic Drinks Association seeks retrospective tariffs imposition on Australian wine imports
SYDNEY: Treasury Wine Estates Ltd (TWE) has been advised that the China Alcoholic Drinks Association (CADA) has submitted a written request to the Chinese Ministry of Commerce (MOFCOM) that imports of Australian wine in containers of two litres or less into China be subject to retrospective tariffs. The request is associated with the ongoing anti-dumping…
CDL appoints Deloitte & Touche to evaluate investment in Sincere Property Group
SINGAPORE: City Developments Limited (CDL) announced the appointment of Deloitte & Touche Financial Advisory Services as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China. The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020,…
Bango partners with BT for launch with BritBox
CAMBRIDGE: Bango Plc, the global platform for data-driven commerce, announced it is powering bundled subscription services for BT, the UK’s leading telecommunications company. BT has selected the Bango Platform as a key integration point to deliver a range of third-party products and services to its customers. The partnership between Bango and BT will open-up greater…
IQ-AI Ltd’s LSN software receives FDA clearance
LONDON: IQ-AI Limited announced that the US Food and Drug Administration (FDA) has granted 510(k) market clearance for the Liver Surface Nodularity (LSN) software application. Earlier this year, IQ-AI’s subsidiary, Imaging Biometrics, LLC (“IB”), entered into a business agreement with the owners of LSN, AI Metrics, LLC, which granted IB global rights to manufacture, market,…
essensys plc appoints Jeremy Bernard CEO of North American business
LONDON: essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announced the appointment of Jeremy Bernard as CEO of its North American business, effective immediately. Jeremy joins the Group’s Operating Board and reports to Mark Furness, the Group’s Founder & CEO. Jeremy will spearhead the scale up of…
Medica Group Plc acquires Global Diagnostics Ireland for €16 million
LONDON: Medica Group Plc announced the acquisition of Global Diagnostics Ireland (GDI), the market leader for teleradiology services in Ireland, for an initial cash consideration of €16m (£14.5m) from private Irish healthcare group, Centric Health, on a cash-free and debt-free basis. Dr. Stuart Quin, CEO of Medica Group stated: “This highly complementary acquisition of Global…
Dekel Agri-Vision agrees to acquire controlling interest in large scale cashew project
LONDON: Dekel Agri-Vision Plc has agreed to acquire an additional 14.2% interest in the large scale raw cashew nut (RCN) processing project at Tiebissou, Côte d’Ivoire, which will increase the Company’s interest in the project to a controlling stake of 52%. In summary, Concordia has agreed to transfer a beneficial interest in 14.2% of the…
SHUAA Capital pays its $100 million bond in full
DUBAI: SHUAA Capital psc, the leading asset management and investment banking platform in the region, today announced that it has paid in full the USD 100 million bond issued in November 2017 by ADFG FC Limited. The redemption follows the recent successful closing of a new three-year bond, which saw SHUAA raise USD 150 million…
Lonza Welcomes New Group Chief Executive Officer Pierre-Alain Ruffieux
BASEL: Pierre-Alain Ruffieux today joins Lonza Group in the role of Chief Executive Officer, a news release said. Albert Baehny has taken the role of CEO ad interim since November 2019. He will now work with Pierre-Alain to ensure a smooth handover of leadership before returning to his role as Chairman of the Board of…