LONDON, UK: Telecom Egypt, the country’s leading telecom operator, announced its outlook for 2024, expressing optimism about its growth prospects and strategic plans. Mohamed Nasr, Managing Director and Chief Executive Officer, commented on the company’s vision and goals for the next year. According to Nasr, Telecom Egypt expects 2024 to be another year of growth,…
Jazwares acquires Australian toy distributor Big Balloon
Jazwares, a leading global toy company, has announced the acquisition of Big Balloon, Australia’s most innovative full-service toy distributor. The deal is part of Jazwares’ global expansion strategy, as the Australian toy market is worth $1.7B. Jazwares’ CEO Judd Zebersky said that Big Balloon’s team, led by co-founder Chris Loverso, will join the Jazwares family…
How Britain’s new immigration policy could backfire
The British government has announced a series of measures to reduce legal immigration, which has reached record levels in recent years. The move comes amid growing pressure on Prime Minister Rishi Sunak, who faces a tough election next year and criticism from his own party over his handling of migration issues. However, the new policy…
US-backed TechMet to invest in South African rare earth project
LONDON: Rainbow Rare Earths, a company that produces rare earth elements from waste materials, has secured a US$50 million investment from TechMet, a US-backed fund that focuses on critical minerals. The investment will give TechMet a direct stake in Rainbow’s Phalaborwa project in South Africa, which aims to produce four key rare earths for the…
Porvair plc announces acquisition of European Filter Corporation
LONDON, UK: Porvair plc, on 4 December 2023, acquired 100% of the share capital of Acquisition of European Filter Corporation NV (EFC), a filtration business based in Lummen, Belgium. Acquisition of European Filter Corporation NV (EFC) has expertise in the manufacture of mist elimination filters used in the production of industrial feedstocks and well established…
iomart Group signs deal to acquire Accesspoint Group for upto £6.4 million
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing company, has agreed to acquire the entire issued share capital of Accesspoint Group Holdings Limited, the holding company of Accesspoint Technologies Limited. Based in North East London, Accesspoint is an IT hosting partner focused on the UK legal industry since 2009. Accesspoint Group provides a…
Fintel Plc agrees to acquire Synaptic Software for £3.5 million
LONDON, UK: Fintel Plc (AIM: FNTL), the leading provider of fintech and support services to the UK retail financial services sector, has agreed to acquire Synaptic Software, an independent provider of financial adviser planning and research software. Synaptic services over 1,600 financial advisers, providing due diligence research, compliance tools and software which streamlines customers’ journeys….
THG Plc agrees to acquire Biossance for a maximum $20 million
LONDON, UK: THG Plc has agreed to acquire prestige skincare brand Biossance for a maximum consideration of $20 million. Since inception in 2015, Biossance has generated global revenues of c. $300m and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges plus online through www.biossance.com, Lookfantastic and Cult…
Gfinity plc disposed of remaining of its former Esports Solutions Division
LONDON, UK: Gfinity plc (AIM:GFIN) has today disposed of the remaining business and assets of its former Esports Solutions Division. As previously announced in February 2023, given the inconsistent nature of service delivery work, and also the high cost to the Company of delivering a true end-to-end esports solution and the resources required to support…
Lightrock and Carbon Direct Capital led consortium to acquire Velocys Plc
LONDON, UK: A consortium led by Lightrock and Carbon Direct Capital has reached agreement on the terms and conditions of a recommended cash acquisition of Velocys Plc at the rate of 0.25 pence in cash per Velocys share. The consortium – Madison Bidco Limited – is a newly formed company indirectly owned by (i) a…
Novvia Group acquires Ocean State Packaging
Novvia Group, a company backed by Kelso & Company, has bought Ocean State Packaging, Inc., a Rhode Island based provider of plastic bottles and other rigid packaging products. The financial details of the private deal were not revealed. Ocean State, established in 1990, is a reliable provider of stock and custom packaging solutions to a…
Reward Minerals to buy Beyondie SOP Project for A$20 million
PERTH, AUSTRALIA: Reward Minerals Limited (ASX: RIND), a potash exploration and development company, has announced that it has entered into a binding agreement to acquire the Beyondie Sulphate of Potash (SOP) Project from the receivers of Kalium Lakes Limited. The Beyondie Project is a high-grade SOP project located in Western Australia, with a projected annual…