LONDON: Partners Group is selling Techem, an energy services provider, for EUR 6.7 billion Partners Group, the Investment Manager of Partners Group Private Equity (PGPE), has agreed to sell its majority stake in Techem, an international provider of digitally enabled solutions for the building ecosystem, to TPG and GIC, on behalf of its clients. The…
Vestis to sell 39% equity stake in Aramark Uniform Services Japan to Mitsui & Co.
Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation (AUSJ) to majority owner Mitsui & Co., Ltd. for approximately $37 million. The company will use the proceeds from the transaction toward debt repayment. AUSJ, a uniform rental…
Pakistan lifts minimum export price on rice amid global market shifts
Pakistan has removed the minimum export price (MEP) on all rice varieties. This decision follows India’s recent move to lift its MEP on rice, signaling a potential shift in the global rice market dynamics. The removal of the MEP is expected to sustain the volumetric growth of Pakistan’s rice exports into FY25, although earnings from…
Versarien plc to sell wholly owned subsidiary, AAC Cyroma Limited to Harper Bennett Limited
LONDON: Versarien plc, the advanced materials engineering group, has completed a binding agreement for the sale of the company’s wholly owned subsidiary, AAC Cyroma Limited to Harper Bennett Limited for a total consideration of £550,000, subject to any adjustments arising from completion accounts. The consideration of £550,000 is payable in cash, in 16 equal quarterly…
Anpario Plc has acquired Bio-Vet Inc. for $7.3 million
LONDON: Anpario Plc (AIM: ANP), the independent manufacturer of natural sustainable animal feed additives for health, nutrition and biosecurity, has completed the acquisition of Bio-Vet Inc., including the land and buildings at its production facility in Barneveld, Wisconsin, United States for a total net cash consideration of up to US$7.3m. Bio-Vet is a leading producer…
Luceco plc has acquired CMD Limited for £30 million
LONDON: Luceco plc, the supplier of wiring accessories, EV chargers, LED lighting, and portable power products, has acquired CMD Limited (CMD), the market-leading manufacturer of wiring accessories for the workplace, through the acquisition of its ultimate parent company, Baltic Topco Limited, from Rubicon Partners and management for cash consideration of £30.0m, on a cash and…
Why You Should Read E-Books to Expand Your Horizons
In a world where information is always available, reading has evolved. E-books offer a way to explore new worlds without leaving your space. They bring a wider view of life and learning making knowledge more accessible than ever before. With Z library learning becomes simple and fun giving readers a chance to explore a variety…
TotalEnergies to acquire dry gas producing assets from Lewis Energy Group
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas value chain in…
abrdn Property Income Trust to sell abrdn Property Holdings to Golden Tree for £351 million
LONDON: abrdn Property Income Trust Limited (API) has entered into a significant agreement with GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transaction includes the sale of 39 assets, representing API’s entire investment property portfolio, except for its interest in the land at Far Ralia. The…
International Public Partnerships Limited announces £30 million disposal of FHSP Investment
LONDON: International Public Partnerships Limited (INPP), a prominent infrastructure investment company, has successfully completed a partial disposal of its Family Housing for Service Personnel (FHSP) investment, generating approximately £30 million. The sale price aligns with the company’s valuation as of June 30, 2024. The FHSP investments, structured as mezzanine debt, are secured against seven operational…
Valereum Plc announces launch of VLRM Capital Management
LONDON: Valereum Plc (AQSE: VLRM) announced the launch of VLRM Capital Management Limited (VCM). VCM was incorporated in Gibraltar on the 4th of July 2024 as a 100% subsidiary of Valereum Plc and will act as director of VLRM Capital Management VSA Private Fund Limited. The fund was incorporated in Gibraltar on the 4th of…
Shellbay Investments has appointed Dr Philip Boigner as Chief Executive Officer
LONDON: Shellbay Investments Limited, providing portfolio management and investment services, has appointed Dr Philip Boigner as its interim Chief Executive Officer with immediate effect. The appointment of Dr Boigner follows a strategic review by Mr James Mellon, the non-executive chair of Agronomics, and indirectly the sole owner of Shellbay. Mr Anthony Chow, the former Chief…