LONDON, UK: Kazera Global plc has signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Limited to Hebei Xinjian Construction for cash consideration of USD13 million. This transaction supersedes the transaction announced on 20 July 2022. Highlights Dennis Edmonds, Kazera Chief Executive Officer, commented: “This is a hugely significant moment for Kazera,…
A.G. BARR has acquired remaining 38.2% stake in MOMA Foods Limited
LONDON, UK: A.G. BARR has acquired the remaining 38.2% equity stake in MOMA Foods Limited from founder Tom Mercer, and the other minority shareholders, for a total cash consideration of £3.4m. When A.G. BARR acquired its 61.8% stake in MOMA in December 2021, it entered into an option deed with Tom Mercer and the other…
TRIG signs contract to acquire a further 11% interest in Merkur offshore wind farm
LONDON, UK: The Renewables Infrastructure Group Limited (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, which is located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur and the…
Tialis Essential IT to purchase profitable partner contracts from Allvotec
LONDON, UK: Tialis Essential IT Plc announced the exchange of contracts for the purchase of profitable partner contracts from Allvotec, a division of Daisy group adding an expected c. £5.7m in revenue in FY23. Completion is expected to occur on 31 January 2023. The acquisition will bring three new channel partners to Tialis Essential IT…
Croma Security Solutions has acquired Manchester based Safecell Security
LONDON, UK: Croma Security Solutions’ subsidiary CSS Total Security Limited has acquired Manchester based Safecell Security Group Limited and its two 100% owned subsidiaries for an initial consideration of £0.45m and deferred cash consideration of c.£0.3m. The consideration comprises a cash payment of £0.45m payable on completion plus a deferred consideration payable on or before…
Bunzl plc announces sale of its UK healthcare division; acquisitions
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has signed agreements to acquire four businesses and agreed to the sale of its UK healthcare division. Together, these transactions are expected to be profit neutral to the Group and will generate a small cash inflow. They reflect Bunzl’s ongoing discipline around returns focused…
NEPI Rockcastle acquires Forum Gdansk Shopping Centre for €250 million
AMSTERDAM: NEPI Rockcastle N.V. through its wholly owned subsidiary NE Property B.V., acquired all the issued shares in Forum Gdansk sp zoo, owning Forum Gdansk Shopping Centre, from Multi Veste 339 B.V., ultimately owned by Blackstone-managed funds. The effective date of the Transaction is 19 December 2022. The aggregate purchase price for the transaction is…
Billtrust appoints Sunil Rajasekar as Chief Executive Officer
LAWRENCEVILLE: Billtrust, a B2B order-to-cash software market leader, announced that Sunil Rajasekar has been appointed Chief Executive Officer. Rajasekar succeeds Flint Lane, the Company’s founder, who will remain on the Board of Directors. Rajasekar is a highly-experienced technology executive and comes to Billtrust with an impressive history of driving innovation and growth in his career….
Mark43 appoints Robert Hughes as new Chief Executive Officer
NEW YORK: Mark43 announced Robert Hughes has been appointed Chief Executive Officer (CEO), effective December 19, 2022 and will lead the next phase of growth for Mark43. Hughes has also been appointed to Mark43’s Board of Directors. “Bob Hughes has a proven track record of scaling and transforming leading technology companies, building critical customer relationships…
SUEZ and Waga Energy commission 5th RNG production unit
MEYLAN, FRANCE: In early November, SUEZ and Waga Energy commissioned a new Renewable Natural Gas (RNG) production unit at the Madaillan landfill in Milhac-d’Auberoche (southwestern France). This project is further evidence of SUEZ’s commitment to recovering biogas sourced from waste, an entirely green energy that is produced and distributed locally in a short cycle. This…
South Harz Potash appoints Lawrence Berthelet as chief operating officer
SYDNEY, AUSTRALIA: South Harz Potash Limited (ASX:SHP) has appointed non-executive director, Lawrence Berthelet, to the role of Chief Operating Officer (COO), effective 1 January 2023. This appointment is a further advancement of the Company’s renewal and optimisation initiatives with respect to the Board. Lawrence Berthelet has been involved in all aspects of potash mine advancement…
From The Mechanic Slot to A Sophisticated Slot Software
Slot machines have come a long way since their invention in the late 19th century. Originally devised as a simple, mechanical game of chance, slots have evolved into complex, sophisticated pieces of software that are now a mainstay of the modern casino industry. In this blog post, we’ll take a look at the journey from…