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…
St. Modwen sells Swansea student accommodation for £38mn
LONDON, UK: St. Modwen has completed the sale of its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38 million. The 411-bedroom accommodation was sold to University Partnerships Programme (UPP Group Limited), a leading provider of on-campus residential and academic accommodation infrastructure. Following completion of the…
SDI Group acquires Chell Instruments for of £4.3mn
LONDON: SDI Group plc, the group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, has acquired Chell Instruments Limited for a consideration of £4.3 million plus an additional cash payment for net assets at completion. Ken Ford, Chairman of SDI said: “Chell…
Premier Oil achieves first gas from BIG-P project
LONDON, UK: Premier Oil Plc has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. Premier expects BIG-P’s recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered…
Marlowe acquires FSE Fire Safety Systems Limited £2.4 million
LONDON, UK: Marlowe plc has acquired FSE Fire Safety Systems Ltd (FSE) for an initial consideration of £2.4 million. Headquartered in Nottingham, FSE was founded in 2005 and provides a range of fire safety and security services. The business operates nationally with a large base of customers in the East Midlands area. For the year…
Dekel forms JV with GEG to develop HCTPPs in Côte d’Ivoire
LONDON: Dekel Agri-Vision has signed a JV Agreement with Green Enesys Holdings Ltd. (GEG), a European renewable energy company with offices in Switzerland, Germany, Cyprus and Italy, to seek to develop HCTPPs in Côte d’Ivoire. The development of HCTPPs is in line with Dekel’s strategy to further reduce costs at its vertically integrated palm oil…
Advanced Medical acquires French Biomatlante for €8 million
WINSFORD: Advanced Medical Solutions Group has acquired French company Biomatlante SA, a well-established international developer and manufacturer of innovative surgical biomaterial technologies for €8 million, with a potential further up to €0.3 million due over the next two years. Advanced is the surgical and advanced wound care specialist company. The acquisition will strengthen AMS’s product…
ARENA completes design and installation of Diriyah Arena
LONDON: Arena Events Group plc has completed the design and installation of the 15,000 seat Diriyah Arena and hospitality structure, ahead of the Joshua v Ruiz II boxing “Clash on the Dunes” being held on 7 December 2019. Commissioned by the Saudi General Sports Authority, the purpose-built arena was constructed in six weeks and is…