LONDON, UK: Vista Equity Partners has entered into a definitive agreement to acquire Duck Creek Technologies, a software provider to property and casualty insurers, for $19 per share in an all-cash transaction. Vista Equity Partners is an American investment firm focused on financing and forwarding software, data, and technology-enabled startup businesses. Vista has invested in…
Semtech Corporation completes $1.2bn acquisition of Sierra Wireless
VANCOUVER, BRITISH COLUMBIA: Semtech Corporation (Nasdaq: SMTC) has completed the acquisition of Sierra Wireless Inc. (Nasdaq: SWIR) in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. This transaction nearly doubles Semtech’s annual revenue and adds approximately US$100 million of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be…
Dynamic Metals IPO raises $7 million
SYDNEY, AUSTRALIA: Jindalee Resources Limited has successfully completed the spin-out and Initial Public Offering (IPO) of Dynamic Metals Limited (ASX: DYM). The IPO received strong support from Jindalee shareholders and new investors, with the offers to raise up to a maximum of $7 million closing oversubscribed. Dynamic shares allotted under the IPO were issued on…
Merit Group announces disposal of Le Trombinoscope
LONDON, UK: Merit Group Plc (AIM:MRIT), the data and intelligence business, announced that it has today completed the disposal of the trade and assets of Le Trombinoscope, a French language directory service publication focused on the French political landscape. The business was the only media title excluded from the Group’s recent disposal of its Media,…
The dangers of working in construction
While the COVID-19 pandemic served as a crucial reminder of the importance of overall health and safety practices in the workplace, construction industry workers have always faced a relatively high level of risk when carrying out their everyday jobs. Construction business owners must take the necessary steps to keep their employees safe and ensure that…
TotalEnergies commissions BioBéarn, France’s largest biogas production unit
PARIS, FRANCE: TotalEnergies has launched its eighteenth biogas production unit in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh), a statement said. Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding its first…
Parkmead Group announces new gas discovery in the Netherlands
LONDON, UK: Parkmead Group, the independent energy group, completed drilling activities at the LDS-01 well in the Netherlands, which has encountered gas columns in the primary target horizons. The well has been completed and is now ready for tie-in to production, which will follow the conclusion of the LDS-02 well. The LDS-01 well was the…
Vodafone announces executive committee changes
LONDON, UK: Vodafone Group Plc has announced changes to its Group Executive Committee. Aldo Bisio, CEO of Vodafone Italy, will take on the role of Group Chief Commercial Officer in addition to his current role effective 12 January 2023. Aldo has been CEO of Vodafone Italy since January 2014 and is a member of the…
SUPR has acquired BAPTL beneficial interest in the Sainsbury’s Reversion Portfolio for £196mn
LONDON, UK: Supermarket Income REIT (LSE: SUPR) has acquired British Airways Pension Trustees Limited (BAPTL) 25.5 beneficial interest in the Sainsbury’s Reversion Portfolio (SRP Portfolio) for £196 million resulting in the Company’s beneficial interest in the SRP Portfolio increasing to 51.0%. The remaining 49.0% beneficial interest in the SRP Portfolio is held by Sainsbury’s plc….
Can you receive compensation for car accident injuries in Australia?
The Compulsory Third Party (CTP) programme in New South Wales may entitle you to compensation if you were injured in a car accident. The potential compensation for your claim for a car accident will depend on the severity of your injuries and whether you were entirely at fault in the accident. Even if you weren’t…
Bridging Loan: What It Is and How to Get One
A bridging loan is a type of financing that allows property owners to access short-term capital quickly. It’s often used by those who need to fund their projects while waiting for longer-term financings, such as a mortgage or loan. In this article, we look at what a bridging loan is, why you might need one,…
NRC Norge Holding signs agreement to sell NRC Gravco and Septik Tank Co to Norva24
OSLO, NORWAY: NRC Norge Holding AS, a wholly owned subsidiary of NRC Group ASA, has entered into a share purchase agreement to sell 100% of the shares in its wholly owned subsidiaries NRC Gravco AS and Septik Tank Co AS to Norva24 AS, the Northern European market leader within underground infrastructure maintenance services (UIM). NRC…