DUBAI, UAE: The EM Normandie French Business School has inaugurated its first regional campus at Dubai Knowledge Park, a member of TECOM Group PJSC. A significant addition to Dubai’s higher education community, the university marks strengthening ties between France and UAE on the heels of a state visit between UAE President His Highness Sheikh Mohamed…
Bio-Gene Technology and STK Bio-Ag Technologies agree terms on a global collaboration partnership
SYDNEY, AUSTRALIA: Bio-Gene Technology Limited (ASX: BGT) and STK Bio-Ag Technologies (STK) signed binding terms on a global collaboration partnership for the commercialisation of Bio-Gene’s Qcide product in crop protection and other market segments. Bio-Gene and STK have allowed up to 90-days to complete the transaction documentation. As the Term Sheet is binding and the…
DGL Group has acquired Nightingale Transport for $18.2 million
SYDNEY, AUSTRALIA: DGL Group Limited has acquired Nightingale Transport. The acquisition price of $18.2 million represents 3.7x EBITDA of $4.9 million and 1.1x net tangible assets of $15.2 million. The acquisition will be funded with cash, with DGL’s net debt position remaining conservative. The acquisition is expected to be immediately EPS accretive, pre-synergies. The acquisition…
Imdex Limited signs deal to acquire Devico AS for A$324 million
SYDNEY, AUSTRALIA: Imdex Limited, mining-tech company, has entered into a binding agreement to acquire Devico AS for an implied enterprise value of A$324 million (approximately NOK 2.2 billion). Devico is a leading global mining-tech company, established in 1988 and headquartered in Trondheim, Norway. It has a workforce of 200 personnel and business entities across 15…
Control Bionics Ltd appoints Jeremy Steele as Chief Executive Officer
SYDNEY, AUSTRALIA: Control Bionics Ltd (ASX: CBL) announced the appointment of Jeremy Steele as Chief Executive Officer and a member of the board, effective from 19 January 2023. Jeremy Steele brings over 25 years of global corporate experience across a wide range of industries including healthcare, software, financial services and retail in senior roles, including…
Gambling Sponsors of Manchester United
Manchester United is one of the most successful football clubs in the United Kingdom. It was even the highest-earning team in the world from 2016-2017. However, its success was helped by many prestigious companies that went into lucrative sponsorships with the Red Devils. The football club has more than a dozen sponsors, some of which…
Mercia sells Intechnica Holdings to Crosslake Technologies for £14.5 million
LONDON, UK: Mercia Asset Management (AIM: MERC) announced the profitable sale of Intechnica Holdings Limited for a total enterprise value of £14.5 million, to US-based Crosslake Technologies LLC. Mercia held a 25.5% direct holding in Intechnica at the date of completion and will receive cash proceeds of £3.7million, generating an internal rate of return (IRR)…
Grafenia plc has acquired Care Management Systems for £3.5 million
LONDON, UK: Grafenia plc (AIM: GRA) has acquired the entire issued share capital of Care Management Systems Limited (CMS), a provider of care home management software and systems, based in Bristol, on a debt free/cash free basis. The total consideration of £3.5 million will be satisfied in cash. The acquisition is expected to be cash…
Archer Limited to acquire Baker Hughes’ coil tubing and pumping (CT&P) business
HAMILTON, BERMUDA: Archer Limited has signed a term sheet with Baker Hughes Limited to potentially acquire Baker Hughes’ coil tubing and pumping (CT&P) business in the United Kingdom. The coil tubing and pumping (CT&P) business fits well within Archer’s overall strategy to grow its drilling and well services in UK and to further grow the…
EFG Hermes plans to exit Pakistan and Jordan
EFG Hermes, exit Pakistan, brokerage and investment services, KARACHI, PAKISTAN: EFG Hermes, an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions, has decided to pursue exit options from two markets namely Pakistan and Jordan, and we are currently in advanced stages of agreeing an exit from…
Diageo Plc to acquire Don Papa Rum for upto €437.5 million
LONDON, UK: Diageo Plc has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. The upfront consideration is €260 million with a further potential consideration of up to €177.5 million through to 2028 subject to performance, reflecting the brand’s current growth potential. The super-premium plus segment of the rum…
CML Microsystems to acquire semiconductor company Microwave Technology (MwT) for $18mn
LONDON, UK: CML Microsystems Plc has entered into a definitive agreement to acquire Silicon Valley based semiconductor company Microwave Technology Inc. (MwT) for a total consideration of up to US$18 million. Microsystems Plc develops mixed-signal, RF, and microwave semiconductors for global communications markets. Founded in 1982, Microwave Technology Inc. (MwT) is a recognised leader in…