HOUSTON: Pelican Energy Partners announced the acquisition of MillenniTek, LLC. Headquartered in Knoxville, Tennessee, MillenniTek is a premier developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Since its inception in 2010 as a carve-out of Dyson Group PLC, the Company’s management team has successfully introduced new ceramic product lines and doubled overall…
Cowbell, a provider of cyber insurance, closes $60 million Series C equity investment
CALIFORNIA: Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence in key international markets, bolster…
MNT-Halan has acquired Turkish-finance company Tam Finans
CAIRO: MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market…
NatWest Group acquires Metro Bank’s £2.5 portfolio of UK residential mortgages
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in…
Knights Group has agreed to acquire Thursfields Solicitors for £12.5m
LONDON: Knights Group has agreed to acquire Thursfields Legal Limited (Thursfields Solicitors”), a premium, full service legal services business with offices across the West Midlands. Under the terms of the acquisition, Knights will acquire Thursfields Legal Limited from its ten shareholders on a debt free, cash free basis, for a total consideration of c.£12.5m. This comprises…
Software Circle has acquired Link Maker Systems for £4.5m
LONDON: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of Link Maker Systems Limited. Link Maker’s adoption platform joins-up children’s social care across the UK to increase placement choice for children, and to improve use of data and collaboration between local authorities and adoption agencies. The total consideration of £4.5m will…
Wiseway Group agrees to acquire US-based KWT International Inc.
Wiseway Group Limited (ASX: WWG), one of Australia’s leading integrated freight and logistics operators, has reached agreement to acquire KWT International Inc., a US-based logistics company with locations in Los Angeles and New York. SYDNEY: Wiseway Group Limited (ASX: WWG), one of Australia’s leading integrated freight and logistics operators, has reached agreement to acquire KWT…
Lord Resources appoints Andrew Taylor as Chief Executive Officer
SYDNEY: Lord Resources Limited (ASX: LRD) announced the appointment of Mr. Andrew Taylor as Chief Executive Officer, effective 1 August 2024. A geologist with more than 15 years’ experience, Mr. Taylor was the geological consultant to the vendors of the Bellevue Gold Project and a facilitator of the transaction into Draig Resources Limited (now ASX…
Novatti Group sells 100% shares in International Bank of Australia for $2.87 million
SYDNEY: Novatti Group Limited (ASX: NOV) has entered into a binding agreement with Eurus Capital Pty Ltd for the sale of 100% of its shares in International Bank of Australia (IBOA Group Holdings Pty Ltd) for $2.87 million. This decision was made as part of Novatti’s ongoing strategic review of all business units and subsidiaries…
LQaaS platform Pitchit raises $2.5 million seed funding, led by Silicon Road Ventures
Pitchit, a pioneer in AI-powered Lead Qualification as a Service (LQaaS), closed an oversubscribed $2.5 million seed round, led by Silicon Road Ventures, with participation from Gray Ventures, Plug and Play, and Alchemist Accelerator.Pitchit’s LQaaS platform, available today, automates the first 24 hours of manual labor required to qualify inbound leads. To date, Pitchit has…
Vodafone Spain and MasOrange agree terms to create a joint fibre network company
LONDON: Zegona Communications plc (LSE: ZEG) announced Vodafone ONO, S.A.U. (Vodafone Spain) and MasOrange have signed a confidential non-binding term sheet setting out the proposed key terms for a national network sharing agreement. The proposed transaction will involve Vodafone Spain and MasOrange creating a joint fibre network company. This will cover approximately 11.5 million premises…
Informa PLC offers to acquire Ascential Plc for £1.2 billion
LONDON: Informa PLC reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Ascential Plc. Under the terms of the offer, each Ascential shareholder will be entitled to receive 568 pence in cash/share valuing the share capital of Ascential at approximately £1.2 billion…