LONDON: Tritax EuroBox plc, a prominent investor in Continental European logistics real estate assets, has announced a significant advancement in its portfolio management. The company has successfully negotiated a lease re-gear and a new lease agreement, coupled with a solar PV Power Purchase Agreement (PPA), at the Logistics Park Bornem in Belgium. This strategic move…
Lycia Therapeutics completes $106.6 million Series C financing
LONDON: RTW Biotech Opportunities Ltd, a London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, noted the announcement by portfolio company, Lycia Therapeutics, of its completion of a $106.6 million Series C financing round. The company, alongside other investment vehicles managed by RTW Investments, LP…
Raspberry Pi Ltd announces potential IPO on London Stock Exchange
LONDON: Raspberry Pi Ltd, a leader in low-cost, high-performance computing, is considering an initial public offering (IPO) and intends to applying for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. Raspberry Pi is a…
Kohlberg Kravis Roberts & Co. agrees to buy IQGeo Group for £333 million
kkr share price – Search (bing.com) LONDON: Geologist Bidco Limited, a newly formed company wholly-owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. (KKR) reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of IQGeo Group Plc at the rate of…
Diversio acquires CCDI Consulting
Diversio, a leader in fostering inclusive and equitable work environments, has announced the acquisition of CCDI Consulting, a prominent DEI consultancy. This acquisition was facilitated by CCDI Consulting’s parent entity, the Canadian Centre for Diversity and Inclusion (CCDI), which remains dedicated to providing educational resources to its extensive network of Employer Partners. The integration of…
Hochschild commences commercial production at Mara Rosa gold mine in Brazil
LONDON: Hochschild Mining PLC announced that commercial production has been achieved at the Company’s Mara Rosa gold mine in Brazil, effective 13 May 2024. During May, the Mara Rosa processing plant has operated at an average throughput of approximately 90% of its name-plate capacity of 7,000 tonnes per day and exceeded 80% average recoveries. The…
Tritax Eurobox sells warehouse asset in Gothenburg for SEK 385 million
LONDON: Tritax EuroBox plc has exchanged contracts for the disposal of its warehouse asset in Gothenburg, Sweden for a price of SEK 385 million to a leading pan-European real estate investment manager. The sale price is broadly in line with the valuation as at 30 September 2023 and supports the Company’s planned disposal programme primarily…
Caspian Sunrise nears $83 million asset sale to Absolute Resources
LONDON: Caspian Sunrise PLC is set to selling its MJF and South Yelemes structures within the BNG Contract Area to Absolute Resources LLP for $83 million. The exclusivity agreement, valid until 8 August 2024, could lead to a conditional sale and purchase agreement subject to regulatory and shareholder approval. The proposed sale would not include…
Ofgem proposes end of the ban on acquisition-only tariffs
LONDON: Energy regulator Ofgem has today (Tuesday 14 May, 2024) published a statutory consultation proposing the removal of the ban on acquisition-only tariffs (BAT) on 1 October, 2024. The BAT was introduced in April 2022 to protect consumers during the energy crisis, and was always designed to be a time-limited measure. As the market continues…
Oakley Capital has agreed to acquire vitroconnect in Germany
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s indirect contribution to Origin II is anticipated to be up to £19 million, which relates…
Serica Energy plc appoints Chris Cox as Chief Executive Officer
LONDON: Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announced the appointment of Chris Cox as Chief Executive Officer (“CEO”). This will take effect on 1 July 2024, with David Latin (Chairman of Serica) ceasing his temporary role as Interim CEO at the same time. Chris Cox has over forty…
Vortex has acquired Planned and Engineered Construction Inc. (PEC)
HOUSTON: Vortex Companies (Vortex) announced the acquisition of Planned and Engineered Construction Inc. (PEC), a Helena, Montana-based leader in trenchless infrastructure rehabilitation. This strategic acquisition marks a significant step in strengthening Vortex’s service presence across the Western United States and Canada, enabling enhanced service capabilities to a broader market. PEC’s services align with Vortex’s focus…