ISLAMABAD: Pakistan’s textile exports fell by 7% year-on-year in November 2023, according to the latest data released by the Pakistan Bureau of Statistics (IPBS). The total value of textile exports stood at US$1.3 billion, compared to US$1.4 billion in the same period last year. The drop was attributed to lower global prices and a challenging…
EnQuest sells 15% stake in Bressay field and FPSO to RockRose for £46 million
EnQuest, an independent energy company with subsidiaries in the UK North Sea and Malaysia, is happy to declare that it has agreed to sell a 15% stake in both the Bressay field and the EnQuest Producer FPSO to RockRose, a subsidiary of Viaro Energy. Both assets are located in the UK North Sea. The deal,…
ORIT proposes to merge with AERI to create a renewable energy giant
LONDON: ORIT, a renewable energy investment trust listed on the London Stock Exchange (LSE), has announced its intention to merge with Aquila European Renewables plc (AERI), another LSE-listed trust, to create one of the largest and most diversified renewable energy portfolios in Europe. The proposed merger would be carried out through a scheme of reconstruction…
Braveheart Investment sells Phasefocus to Bruker UK for £5 million
LONDON: Braveheart Investment Group, a technology-focused investor, has agreed to sell its 48.3% stake in Phasefocus Holdings Limited, a company that develops high-resolution imaging and microscopy systems, to Bruker UK Limited, a global leader in analytical instrumentation, for £5 million. The deal, which was signed on 21 December 2023, is expected to close in the…
H.I.G. Capital acquires North America’s largest concrete service provider, Penhall
H.I.G. Capital, a global alternative investment firm with $59 billion of capital under management, has acquired Penhall Company, the leading provider of specialty concrete services in North America. Penhall, founded in 1957, has over 40 branches and offers a variety of concrete solutions for commercial, residential, industrial, and infrastructure projects. H.I.G. plans to work with…
Luna Innovations acquires Silixa to boost fiber optic sensing market leadership
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, has announced the strategic acquisition of Silixa, a UK-based leader in distributed fiber optic sensing solutions, for $21.5 million in cash and up to $16.5 million in earnouts. The deal, which was funded by White Hat Capital Partners’ strategic investment in Luna,…
Williston Financial Group’s MyHome acquires Volly
MyHome, a Williston Financial Group Company, announced the acquisition of Volly, a provider of technology and marketing services for banks, credit unions, and mortgage lenders. The deal will expand MyHome’s online closing and collaboration platform, which aims to streamline the real estate process and support homeownership professionals. Volly’s marketing automation suite and creative services team…
Hyperlink Ventures closes $32M fund to back software startups
Hyperlink Ventures, a new venture capital firm led by three former roommates and software investors, announced today the close of its first fund at $32 million. The fund will focus on Series A and Series B stage companies that are developing technology solutions to improve productivity for large enterprises and industries. The firm, founded earlier…
LMS Capital acquires Windsor retirement village for £11.9m
LONDON, UK: LMS Capital PLC, a listed investment company, has announced the acquisition of Castle View Retirement Village in Windsor for £11.9 million. The deal is part of LMS’s strategy to invest in the retirement living sector, which is expected to grow due to the ageing population and the demand for housing options for older…
Scirocco Energy to sell its stake in EAG for £2.6 million plus potential bonus
LONDON, UK: Scirocco Energy (AIM: SCIR), a company that invests in European sustainable energy and circular economy projects, has announced that it has reached a conditional agreement to sell its stake and investment in Energy Acquisitions Group Limited (EAG) for an enterprise value of £2.6 million before adjustments, plus up to £150,000 more if EAG…
Guild Esports partners with esports trading platform eNDX
LONDON: Guild Esports, a global gaming-focused media business, has entered a one-year rolling partnership with eNDX, an esports player-focused virtual trading platform, to add players from the Company’s Counter-Strike rosters into eNDX’s tradable pool. Guild will receive a percentage of revenue generated from the trading of Guild players on the site. The partnership is estimated…
GlobalData sells 40% stake in Healthcare division to Inflexion for £446m
LONDON, UK: GlobalData, a leading provider of data and analytics, has announced a major reorganisation of its business and a strategic partnership with Inflexion, a private equity firm. The deal will see Inflexion acquire a 40% stake in GlobalData’s Healthcare division, which offers insights and intelligence on the pharmaceutical, medical device, and biotechnology sectors. The…