HONG KONG: Credit Intelligence Limited announced that the smart phone application launched earlier this year by its operating subsidiary Hong Kong Debt Management Services (HKDMS) is demonstrating cost saving efficiencies and an improved experience. The application provides for an ability for s to discreetly book appointments online, overcoming potential stigmas and hurdles associated with addressing…
Quantum Graphite signs MoU with Iron Road Limited to use Cape Hardy
MELBOURNE, AUSTRALIA: Quantum Graphite Limited (QGL) has entered into a Memorandum of Understanding (MOU) with Iron Road Limited (IRD) in connection with the company’s interest in the utilisation of the proposed Cape Hardy port facility as a logistics solution for the export of its natural flake graphite production from its Uley 2 mine. At a…
Astellas enters into agreement to acquire Audentes Therapeutics
TOKYO: Astellas Pharma Inc. and Audentes Therapeutics Inc. have entered into a definitive agreement for Astellas to acquire Audentes at a price of US$60.00per share in cash, representing a total equity value of approximately US$3 billion. “Recent scientific and technological advances in genetic medicine have advanced the potential to deliver unprecedented and sustained value to…
Odfjell SE forms new partnership with Navig8 Chemical Tankers
OSLO, NORWAY: Odfjell SE, one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids, has reached an agreement with Navig8 Chemical Tankers Inc, where the latter will add 4 modern 25,000 dwt stainless steel chemical tankers to Odfjell’s existing pool, the Chempool25. Following delivery…
Danakali Limited signs $50mn strategic investment from AFC
LONDON: Danakali Limited has entered into a subscription agreement with Africa Finance Corporation (AFC) for a placement of fully paid ordinary shares to raise US$50 million. The Placement will be part of the overall funding package used for the development and construction of the Colluli Sulphate of Potash Project (Colluli or the Project) in the…
NewRiver acquires Bravo Inns for £17.9 million
LONDON, UK: NewRiver REIT announced the acquisition of community pub company Bravo Inns Limited for £17.9 million, representing an EBITDA multiple of 6.8x. The transaction is expected to generate annualised outlet EBITDA of £2.6 million, equating to a yield on cost of 14%, which excludes £0.3 million of synergies expected to be realised through the…
AstraZeneca divests rights to Seroquel and Seroquel XR for $35 million
LONDON, UK: AstraZeneca has agreed to sell the commercial rights to Seroquel and Seroquel XR in the US and Canada to Cheplapharm Arzneimittel GmbH. Cheplapharm will make an upfront payment of $35 million to AstraZeneca and may also make future sales-contingent payments of up to $6 million. Seroquel and Seroquel XR, used primarily to treat…
Marlowe Plc acquires Law At Work for £6.3 million
LONDON, UK: Marlowe plc, the specialist services group focused on developing companies which assure regulatory compliance and safety, has acquired Law At Work (Holdings) Limited for an initial consideration of £6.3 million. Established in 2001 and headquartered in Glasgow, Law At Work (LAW) is a leading national provider of subscription-based employment law compliance and health…
Mercia Asset Management to acquire fund management business of NVM Private Equity
LONDON: Mercia Asset Management has entered into a conditional agreement to acquire the venture capital trust (VCT) fund management business of NVM Private Equity LLP for a total maximum consideration of up to £25.0million, comprising a combination of cash and new ordinary shares in the capital of Mercia. Mercia also announced its intention to conduct…
Olam Orchards sells permanent water rights in Australia for A$490mn
SINGAPORE: Olam Orchards Australia has announced sale of permanent water rights in Australia to PSP Investments, one of Canada’s largest pension investment managers, for A$490 million. Olam Orchards is a subsidiary of global food and agri-business, Olam International Limited. Olam Orchards Australia (OOA) entered into an agreement to sell 89,085 megalitres of its permanent water…
Nordic Investment Bank and Helgeland Sparebank finance environmental investments in Helgeland
OSLO: The Nordic Investment Bank (NIB) and Norway’s Helgeland Sparebank have agreed a new 5-year loan programme of NOK 300 million (EUR 29.5 million) for onlending to small and medium-sized companies (SMEs) and environmental projects in northern Norway. Environmental projects that are eligible for financing under the loan facility include, for example, renewable energy investments,…
PPHE acquires site in London to develop a hotel
LONDON: PPHE Hotel Group has acquired the freehold interest in a site located in London SE1 with a view to developing the site into a hotel, subject to planning permission being obtained. The site was acquired from a third party seller at a total investment of £12 million (excluding taxes and associated costs) funded from…