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…
Europa Oil & Gas invests in Antler Global and gains access to Equatorial Guinea licence
LONDON, UK: Europa Oil & Gas (Holdings) plc, a UK-based oil and gas company with interests in Ireland and West Africa, has invested US$3 million in Antler Global Limited, a company that holds an 80% stake in a promising offshore licence in Equatorial Guinea. The deal gives Europa a 42.9% share in Antler and access…
Vinyl Group to acquire Australia’s largest youth publisher The Brag Media for $8m
MELBOURNE, AUSTRALIA: Vinyl Group (ASX: VNL) has entered into a binding Share Sale Agreement to fully acquire Australia’s largest youth publisher The Brag Media including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and CEO Richard White. The Brag Media publishes owned outlets TheBrag.com, The…