LONDON, UK: Compre Group Holdings Limited, the Bermuda headquartered international legacy group, has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC), which provided general liability insurance covering professional medical malpractice risks. MIC entered into run-off in 2015. The transaction represents a further significant step in Compre’s ambition to build…
Heartland Group to acquire Challenger Bank in Australia
AUCKLAND, NZ: Heartland Group Holdings has signed a conditional share purchase agreement for the purchase of Challenger Bank Limited from Challenger Limited (ASX: CGF). The share purchase agreement is subject to obtaining the requisite regulatory approvals. Based in Melbourne, Australia, Challenger Bank is an established authorised deposit-taking institution (ADI) which offers customers a range of…
7digital wins new contract with Pinterest
LONDON, UK: 7digital has won a new contract from visual inspiration platform, Pinterest (NYSE: PINS). With over 400 million monthly active users, Pinterest is a visual discovery engine that people around the world use to find inspiration. 7digital’s three-year contract with Pinterest is designed to support growth in content and territories as the platform expands…
valU acquires a minority stake in local fintech start-up, Kiwe
CAIRO, EGYPT: valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today its acquisition of a minority stake in local fintech start-up, Kiwe, the first youth social payment app that facilitates onboarding the unbanked segment in Egypt. Currently, EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez are among the firm’s existing shareholders….
Gama Aviation enters into Rotary Special Mission joint venture with Peter Bond
LONDON, UK: Gama Aviation Plc, the global aviation services provider, has entered into a joint venture with Peter Bond to pursue rotary opportunities as part of the Group’s Special Mission SBU. The Joint Venture has won its first contract to support the offshore operations of an international oil & gas customer in the southern North…
Air Liquide and Far Eastern Group to setup new semiconductor plants in Taiwan
PARIS, FRANCE: Air Liquide announced the construction of three plants in Taiwan to supply, in the framework of long-term contracts, two of the world’s largest semiconductor manufacturers with large volumes of ultra-high purity industrial gases for their leading edge fabs. Air Liquide Far Eastern, a joint venture between Air Liquide and Far Eastern Group, will…
Aramex has acquired Access USA Shipping (MyUS) for $265 million
DUBAI, UAE: Aramex PJSC, a leading global provider of comprehensive logistics and transportation solutions, has obtained all the necessary regulatory approvals and completed the acquisition of Access USA Shipping (MyUS), a global technology driven platform that enables cross-border e-Commerce, for an all-cash purchase price of approximately USD $265 million. The transaction marks Aramex’s largest acquisition…
Chesterfield (Canada) Inc. will sell 100% interest in Adeline licences to Pacton Gold
LONDON, UK: Chesterfield Resources plc has signed an Agreement with Pacton Gold Inc. with regard to Chesterfield’s Adeline project in Labrador. The agreement is conditional, inter alia upon the approval by the relevant authorities at the TSX Venture Exchange, and a successful equity raise by Pacton. Under the terms of the agreement, Chesterfield’s Canadian subsidiary…
Technology Minerals signs deal to acquire remaining shares in Recyclus Group
LONDON, UK: Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, has signed binding Heads of Terms (HoTs) to acquire the remaining issued share capital of Recyclus Group Limited for new shares in the company. Technology Minerals currently holds 48.35% of the issued…
Victoria Plc has acquired Florida-based International Wholesale Tile (IWT)
LONDON, UK: Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, announced further growth of its North American division with the acquisition of Florida-based flooring distributor, International Wholesale Tile LLC (IWT). Key terms of the Acquisition · For the 12 months ended 31 March 2022, IWT generated unaudited revenues of $63.2 million (c….
AF Legal Group to acquire GTC Legal Group in all-share merger
SYDNEY, AUSTRALIA: AF Legal Group has executed a share sale deed to acquire 100% of the issued share capital of GTC Legal Group Holdings, the holding company of Armstrong Legal and other legal firm brands. The proposed merger will create one of the largest personal services legal firms in Australia with pro-forma1 FY22 revenue of…
Camplify agrees to acquire PaulCamper for A$47.6 million
SYDNEY, AUSTRALIA: Camplify Holdings has entered into a binding agreement to acquire PaulCamper, operator of Germany’s leading peer to peer RV rental marketplace, and raised A$8.5 million to fund growth initiatives, including expansion of the global insurance business. The consideration payable by Camplify for the acquisition is A$47.6 million. Consideration consists of a combination of…