LONDON: The Board of Caspian Sunrise announced the acquisition of the Caspian Explorer is completed as re-registration of the shares in Prosperity Petroleum, the UAE company which is the sole shareholder of KC Caspian Explorer LLP the Kazakh registered entity which owns a 100 percent interest in the Caspian Explorer, has been finalized. The Caspian…
WANdisco wins AWS contract with top three mobile operator
LONDON: WANdisco has won a contract worth approximately $450,000 with one of the world’s top three largest mobile operators by number of subscribers through the Amazon Web Services (AWS) Commercial Marketplace. This is an initial deal to manage and migrate petabyte scale data across a number of locations. The deal is WANdisco’s largest AWS Commercial…
JZ Capital Partners selling part of its US Microcap Portfolio to to repay substantial levels of debt
LONDON: JZ Capital Partners Limited, the London listed fund that invests in US and European microcap companies and US real estate, has agreed to sell its interests in certain US microcap portfolio companies to a secondary fund led by Hamilton Lane Advisors, L.L.C.. The Secondary Sale will be structured as a sale to a newly…
Home REIT Plc acquires portfolio of five properties for £9 million
LONDON: The Board of Home REIT plc, which funds the acquisition and creation of high-quality properties across the UK that are dedicated to providing accommodation to the homeless, has acquired a portfolio of five properties located across the North West, North East and Midlands regions of England. The Properties are recently completed and purpose-built to…
SDCL to acquire Swedish regulated gas distribution network for £100 million
LONDON, UK: SDCL Energy Efficiency Income Trust plc (SEEIT) has agreed to acquire a 100% interest in Värtan Gas Stockholm AB (VGSAB), the ultimate owner of the established, operational and regulated gas distribution network for Stockholm, Sweden, involving an equity investment of approximately £100 million. The VGSAB group owns and operates Stockholm’s regulated gas grid,…
Ceres and Doosan expand strategic collaboration, building mass manufacturing in Korea
HORSHAM: Ceres Power Holdings plc, Doosan Fuel Cell Co., and Doosan Corporation announced the signing of strategic collaboration and licence agreements. These include the building of an initial 50MW mass manufacturing facility for the manufacture under license of Ceres’ fuel cell stacks in South Korea. The value of the announced contract with Doosan Fuel Cell…
Judges Scientific acquires Korvus Technology Limited for £2.64 million
LONDON: Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, has acquired the entire issued share capital of Korvus Technology Limited, a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing. The initial consideration for Korvus is £2.64 million in cash. The consideration…
CloudCall announces integration with CEIPAL
LONDON: CloudCall, the integrated communications company that provides unified communications and contact centre software that tightly integrates with Customer Relationship Management (CRM) platforms, has a new integration with CEIPAL. Built on CloudCall’s ‘unify’ architecture, the integration brings together CloudCall’s communications platform with CEIPAL’s AI-Powered Recruitment Software for Staffing Firms & Corporate HR. It will allow…
AC Energy to setup 70MWp solar farm in India
SINGAPORE: Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in India with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. The estimated US$36 million facility is expected to start power generation in the first half of…
Ahli United Bank launches Bahrain Trade under its AUB Trader Platform
BAHRAIN: Ahli United Bank Bahrain (AUB), has announced the launch of Bahrain Trade under its AUB Trader Platform by adding Bahrain Bourse under the list of electronic markets available on AUB Trader, its online trading platform. First launched in 2006, AUB Trader is noted for being the first online stock trading service in the kingdom…
Amanat Holdings invests $5.0 million in US-based EdTech company BEGiN
DUBAI: Amanat Holdings PJSC has made an AED 18.4 million (USD 5 million) investment in BEGiN, a US-based leading education technology company behind the proven early learning program HOMER as part of their Series C financing round. BEGiN is focused on early childhood education through a highly effective and engaging platform aimed at children between…
SHUAA Capital appointed Advisor to 500 Startups’ Falcons 1 Fund
DUBAI: SHUAA Capital has been appointed by 500 Startups, the most active early stage venture capital firm globally, as Advisor to its Falcon 1 fund in MENA (500 Falcons, L.P.). SHUAA will be represented by its Chief Executive Officer, Jassim Alseddiqi. SHUAA, under Jassim’s leadership, will focus its support on advising 500 Startups’ Falcons I…