PARIS: Global infrastructure titan VINCI has sealed a deal to invest approximately €50 million into NatPower SA, the dynamic renewable energy platform known for its vigorous activity in Italy, Great Britain, and the United States since its inception in 2019. The investment package includes the purchase of a 10% equity share from NatPower’s founding visionary,…
Taranis invests in chemical plastics recycling company, Pryme N.V.
OSLO, NORWAY: Taranis Investment Limited, through its Taranis Carbon Ventures fund, made an investment of EUR 10 million into Pryme, an innovative cleantech company focused on converting plastic waste into valuable products through a fully electrical pyrolysis technology on an industrial scale. Pryme has developed a new cost-effective approach to pyrolysis that allows used plastic…
Ceres Power Holdings reports robust financial growth
HORSHAM, UK: Ceres Power Holdings plc (CWR.L), a global leader in the development of clean energy technologies, has proudly announced its financial results for the fiscal year ending December 31, 2023. The company has reported a significant increase in revenue, gross profit, and investment in research and development, highlighting its commitment to innovation and the…
Synthomer plc sells its latex compounding business to Matco NV for €27.5 million
LONDON, UK: Synthomer plc announced an agreement to divest its latex compounding business to Belgian company Matco NV, a leader in compounds, water-based adhesives, and solutions for various industrial applications, for consideration of c.€27.5 million. The latex compounds business, which is part of Synthomer’s Health & Protection and Performance Materials division, was designated as non-core…
Helix Exploration announces strategic partnership with Petroleum Consultants LLC
LONDON, UK: Helix Exploration, a company renowned for its focus on large-scale and low-risk helium deposits, has proudly announced a strategic partnership with Petroleum Consultants, LLC. This collaboration is set to advance Helix’s operations within the prolific ‘Montana Helium Fairway’. The expertise of Petroleum Consultants’ management team is unparalleled, boasting three Professionally Licensed Petroleum Engineers…
Air Astana Group and Neos SpA forge strategic airline alliance
LONDON, UK: Air Astana Group, the premier airline conglomerate in Central Asia and the Caucasus, has announced a strategic partnership with Neos SpA, Italy’s second-largest carrier and a member of the Alpitour group. This collaboration is set to enhance connectivity and service between the two regions, marking a significant step in international travel and cooperation….
Balanced Commercial Property Trust evaluates sale of the business
LONDON, UK: The Balanced Commercial Property Trust Limited (BCPT) has announced a comprehensive strategic review to evaluate the company’s future and maximize shareholder value. Amidst a challenging economic climate and property market, the BCPT Board is considering various options, including a potential sale, although no discussions with buyers are currently underway. Paul Marcuse, Chairman of…
Respiratory disease diagnostics ProAxsis secures c.£1.8 million investment
LONDON: NetScientific Plc (AIM: NSCI) announced that its portfolio company ProAxsis Limited has successfully closed a c.£1.8 million investment. The investment was led by the Company’s wholly owned venture capital and corporate finance firm, EMV Capital, syndicated from a cohort of private investors. The Investment includes c.£211,000 from new investors, c.£36,000 from the exercise of…
CLS announces sale of Westminster Tower for £40.8 million
LONDON: CLS Holdings announced that it has conditionally exchanged on the sale of Westminster Tower, Albert Embankment, for £40.8 million, in-line with its 31 December 2023 valuation. Completion is expected in Q2 2024. The asset was sold to the London Square Group, which intends to convert the property from an office space into residential. The…
Inchcape to sell UK Retail operations to Group 1 Automotive UK for £346 million
LONDON, UK: Inchcape Plc has agreed to sell its UK Retail operations to Group 1 Automotive UK Limited, a wholly-owned subsidiary of Group 1 Automotive Inc. (NYSE: GPI) for a cash consideration of approximately £346 million. In FY2023, Inchcape’s UK Retail operations generated revenue of £2,065m, 18% of Group revenue, and adjusted operating profit of…
Glanbia signs deal to acquire Flavor Producers LLC for upto $355 million
LONDON, UK: Glanbia plc has entered into an agreement with the shareholders of Aroma Holding Company, LLC and related entities, the owners of Flavor Producers LLC to acquire the business for an initial consideration of $300 million plus deferred consideration. Flavor Producers is a leading flavour platform in the US, providing flavours and extracts to…
HgT will invest approximately £21.3 million in Focus Group
BRIGHTON & HOVE, UK: Hg, the Manager of HgCapital Trust plc (HgT), announced an investment in Focus Group, one of the UK’s leading providers of essential business technology to SMEs. HgT will invest approximately £21.3 million in Focus Group, with other institutional clients of Hg investing alongside HgT through the Hg Genesis 10 Fund. Founded…