SYDNEY: Elixinol Wellness Ltd (ASX: EXL) has completed the acquisition of 100% of the assets of The Healthy Chef Pty Ltd, Healthy Chef Stock & Research Development, and EHealth And Wellbeing Pty Ltd (collectively Healthy Chef). This acquisition follows a successful capital raise of $1.075M (before costs) through an institutional placement, which received strong support…
Cordiant Digital and partners to acquire Belgian data centers for €92.3 million
LONDON: Cordiant Digital Infrastructure Limited (CORD) and its partners, TINC NV and another Cordiant-managed fund, are buying and merging two Belgian data center businesses: Datacenter United (DCU) and the data center division of Proximus Group (PDC business). CORD and its fund will own 47.5% of the new combined group, investing €92.3 million. DCU is a…
Wilmington plc has acquired Phoenix Health & Safety for an initial £30.25 million
LONDON: Wilmington plc (LSE: WIL) has acquired Phoenix HSC (UK) Limited (Phoenix Health & Safety) for an initial cash consideration of £30.25 million. Phoenix Health & Safety offers training for a range of internationally recognised and regulated health, safety and environmental (“HSE”) qualifications. The acquisition strengthens Wilmington’s capabilities in the provision of must-have training and education to…
FirstGroup acquires Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches
LONDON: FirstGroup plc has acquired Shropshire-based Lakeside Group comprising well recognised local brands Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches. Lakeside operates a fleet of c.145 buses and coaches of various sizes primarily from a central, owned depot in Ellesmere, Shropshire and from five smaller depots – one owned in Shrewsbury and the others leased…
Titon Holdings agrees to sell South Korean businesses
LONDON: Titon Holdings Plc has entered into a conditional agreement to sell its stakes in two South Korean entities: its 51% owned subsidiary, Titon Korea Co. Ltd, and its 49% owned associate, Browntech Sales Co. Limited (BTS). The total gross cash consideration for the disposal is £750,000. The decision comes after challenging market conditions in…
Assura sells assets for £25 million to reduce debt
LONDON: Assura plc, the UK’s leading diversified healthcare REIT, has announced the successful sale of 12 assets for cash proceeds of £25 million. The sale price aligns with the current book value of these assets, and the proceeds will be used to partially repay the Group’s revolving credit facility. This sale is part of Assura’s…
Mitie Group has acquired Argus Fire, a UK engineering-led fire systems business, for £38 million
LONDON: Mitie Group has announced the acquisition of Argus Fire, a UK engineering-led fire systems business, for a total consideration of £38.0m, building on Mitie’s position as a leading operator in the high-growth, high-margin UK fire & security market. Argus Fire has over 40 years of experience specialising in the design, installation, servicing and maintenance…
Ashtead Technology to acquire Seatronics and J2 Subsea Limited for £63 million
LONDON: Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, has reached an agreement to acquire Seascan Limited and its subsidiaries (otherwise known as Seatronics), along with its sister company, J2 Subsea Limited, an international subsea electronics and ROV tooling rental and services business…
Oakley Capital to sell its stake in Schülerhilfe to Levine Leichtman Capital Partners
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund III (Fund III) has reached an agreement to sell its stake in Schülerhilfe, the leading provider of professional tutoring services to primary and secondary school students across Germany, Austria and Switzerland. OCI’s look-through share of proceeds is anticipated to be c.£40 million, which represents…
Wheaton Precious Metals partners with Montage Gold for Côte d’Ivoire project
LONDON: Wheaton Precious Metals Corp. has announced that its subsidiary, Wheaton Precious Metals International Ltd., has entered into a definitive agreement with Montage Gold Corp. for the Koné Gold Project in Côte d’Ivoire. This agreement, known as the Gold Stream, involves Wheaton providing a total upfront cash consideration of $625 million in four equal installments…
IMF projects economic growth at the rate of 5.1% for the UAE in 2025
The UAE’s real GDP is forecasted to remain stable at 4% in 2024, with an expected increase to 5.1% in 2025, according to the latest World Economic Outlook (WEO) released by the International Monetary Fund (IMF). The report, published alongside the 2024 IMF/World Bank Group Annual Meetings, also outlines moderate growth prospects for the broader…
Adisyn Ltd signs deal to acquire 2D Generation Ltd
SYDNEY: Adisyn Ltd (ASX: AI1) has reached indicative terms for AI1 to acquire 100% of the issued share capital of 2D Generation Ltd which they will now look to finalise into a legally binding agreement. The proposed acquisition is a critical move forward for AI1’s ever-expanding services businesses for data centres, managed IT, cybersecurity, and…