LONDON: The boards of Tritax EuroBox and SEGRO plc have reached an agreement on the terms of a recommended all-share offer by SEGRO for the entire issued and to be issued share capital of Tritax EuroBox. Under the terms of the scheme, Tritax EuroBox shareholders will receive 0.0765 new SEGRO shares for each Tritax EuroBox share they hold. Additionally,…
FRP Advisory has acquired corporate finance firm, Williams Ali CF Limited
LONDON: FRP Advisory Group, a leading national specialist business advisory firm, announced the acquisition of Williams Ali CF Limited based in Newcastle which provides corporate finance services to clients both in the North East and nationwide. The firm’s two Directors and Founders, Abu Ali and Phil Williams, will join FRP as Partners. All other members of…
Climate tech company, GALY, raises $33 million in Series B financing
LONDON: Agronomics’ portfolio company GALY CO. has closed an oversubscribed US$ 33 million Series B financing led by Breakthrough Energy Ventures LLC, with additional participation from new investors H&M Group Ventures and Industria de Diseño Textil, S.A. (through Mundi Ventures). Founded in 2019 with a mission to find ethical and sustainable agricultural solutions, GALY Cotton is…
Petershill Partners has sold its entire stake in LMR Partners for $258 million
LONDON: Petershill Partners plc, the diversified, global alternatives investment group focused on private capital strategies, announced the sale of its stake in LMR Partners Petershill Partners has completed the sale of its entire stake in LMR Partners back to LMR Partners’ leadership team. The total nominal consideration of up to $258 million consists of $107…
Pinewood Technologies to invest USD 4.2 million in Seez App Holding
LONDON: Pinewood Technologies Group, a leading pure-play SaaS business providing innovative retail solutions to the automotive industry, has entered into an advance subscription agreement with Seez App Holding Ltd. Seez is one of the world’s leading automotive AI companies, and boasts a broad product portfolio built on market leading proprietary technology, which includes its AI Chatbot…
Caspian Sunrise sells MJF and South Yelemes Structures on the BNG contract area
LONDON: Caspian Sunrise Plc has entered into a conditional and binding term sheet with Absolute Resources LLP regarding the proposed disposal of the shallow MJF and South Yelemes Structures on the BNG contract area, which is located in the west of Kazakhstan, 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering…
Majestic Corporation signs agreement to acquire Telecycle Europe
LONDON: Majestic Corporation Plc (AQSE:MCJ) has entered into a conditional Share Purchase Agreement (SPA) to acquire the entire issued share capital of Telecycle Europe Limited, a specialist recycling business located in Deeside, UK on delivery of a certain quantity of containers of recyclable materials by 31 December 2024. The total consideration for the acquisition is…
Hancock & Gore to acquire Schoolblazer Limited for £31 million
SYDNEY: Hancock & Gore Limited (H&G) has entered a binding agreement with United Kingdom-based Schoolblazer Limited to merge with its 100%-owned subsidiary Mountcastle Group. The combined business of Mountcastle and Schoolblazer will represent a global uniforms platform with school wear segment leadership positions in the UK, Australia and New Zealand. H&G has entered into a…
KONGSBERG to sell steering gear and rudder business Norvestor
OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very pleased…
Downing Renewables & Infrastructure Trust announces acquisition of three Swedish Hydropower plants
LONDON: Downing Renewables & Infrastructure Trust plc (DORE) has committed to acquire three Swedish hydropower plants and their associated storage reservoirs. The combined expected annual average production is c. 7 GWh, with a potential increase of 0.5 GWh after further upgrades have taken place. The total investment is expected to be c. £5m. All three…
Mako Joint Venture partners sign gas sales agreement with Sembcorp Industries
LONDON: Empyrean Energy, Conrad Asia Energy Ltd and Coro Energy Plc (together the “Mako Joint Venture partners”) have agreed a binding Gas Sales Agreement (“GSA”) for the sale and purchase of the export portion of natural gas from the Mako gas field with Sembcorp Gas Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries Ltd, a…
Aurora Investment Trust and Artemis Alpha Trust evaluate business merger
LONDON: Aurora Investment Trust plc has announced a proposed merger with Artemis Alpha Trust plc. The boards of both companies have agreed on the heads of terms for this combination, which aims to consolidate the assets of Artemis Alpha with those of Aurora. The merger, pending approval from the shareholders of both trusts, will be…