SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…
Epassi Group acquires VIP District, expands employee benefits platform across Europe
HELSINKI: Epassi Group has acquired Spain-based VIP District, a leading employee rewards and engagement platform, marking a key step in its European expansion strategy. The deal follows Epassi’s recent purchase of U.K. benefits provider Zest and strengthens its presence in Spain, Portugal, Italy, Germany and the Netherlands. Founded in 2010, VIP District serves more than…
Sound Energy partners with Gaia for 270 MW solar project in Morocco, advances hydrogen exploration
LONDON: Sound Energy, a transition energy company, has signed an exclusive term sheet with renewable energy specialist Gaia Energy Ltd. to develop up to 270 megawatts of solar power capacity across multiple sites in Morocco, the company announced Tuesday. The proposed joint venture will leverage Morocco’s liberalized medium-voltage (MV) grid, targeting at least 10 locations…
Quadrise, Alder Energy sign deal to develop low-emission marine fuel
LONDON: Quadrise Fuels International (AIM: QED) has signed a joint development agreement with Alder Energy LLC, a U.S.-based biomass technology firm, to explore the use of Alder’s pyrolysis-derived products in biofuels for shipping and heavy industry. Alder Energy, known as Alder Renewables, specializes in upgrading pyrolysis oil into stable Alder Renewable Crude and associated products…
B.P. Marsh acquires 27% stake in London underwriting agency Cameron Specialty
LONDON: B.P. Marsh and Partners PLC (AIM:BPM), a specialist private equity investor in early-stage financial services firms, has acquired a 27% stake in Cameron Specialty, a London-based underwriting agency. The investment includes funding of up to £1.7 million ($2.2 million) through a combination of equity and a loan facility, part of which was drawn at completion….
Hansa Investment and Ocean Wilsons sign agreement for all-share merger
LONDON: The boards of Hansa Investment Company Limited (“Hansa”) and Ocean Wilsons Holdings Limited (“Ocean Wilsons”) said Tuesday they have reached a preliminary agreement on an all-share combination that would create a diversified global investment company with over £900 million ($1.14 billion) in net assets. Under the proposed deal, Hansa would acquire Ocean Wilsons, with Ocean Wilsons shareholders receiving new shares…
Atlas signs letter of intent to acquire Universal Pozzolanic Silica Alumina Ltd
LONDON: Atlas Metals has signed a non-binding letter of intent to acquire Universal Pozzolanic Silica Alumina Ltd (UPSA), a privately held U.K.-based company with significant mineral reserves in Australia, the company announced Tuesday. The proposed share-for-share deal would give Atlas access to UPSA’s pozzolanic silica alumina (PSA) reserves, valued at £10 per ton. UPSA holds…
ST Group sells Gong Cha brand in the United Kingdom amid market shift
SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets 2…
Vintage Energy sells 25% stake in PEP 171 to Beach Energy for $1.25 million
MELBOURNE: Vintage Energy Ltd. (ASX: VEN) has signed agreements to sell its entire 25% interest in PEP 171, an onshore exploration permit in Victoria’s Otway Basin, to Beach Energy Ltd. (ASX: BPT) for $1.25 million. The sale, announced Thursday, is contingent on regulatory approvals and the waiver of pre-emptive rights by joint venture partner Amplitude…
Abu Dhabi-led consortium makes $8.89 per share bid for Australia’s Santos Limited
Santos shares surge over 15% after $18.7 billion takeover bid ADELAIDE: Santos Limited (ASX: STO), a leading Australian energy company, announced Monday it received a non-binding takeover proposal from a consortium led by Abu Dhabi’s XRG P.J.S.C., a subsidiary of the Abu Dhabi National Oil Company (ADNOC). The bid, valued at US$5.76 (A$8.89) per share, represents…
TALi Digital acquires You Can Do It! Education
MELBOURNE: TALi Digital Ltd (ASX: TD1), a digital health company, has announced the acquisition of You Can Do It! Education (YCDI!), a social-emotional learning program, for $1.34 million. The deal, funded by TALi’s existing cash reserves, includes an upfront payment of $1.14 million and $200,000 in installments over 24 months. YCDI!, an Australian-based program, focuses…
Thor Energy subsidiary granted gas storage exploration licenses in South Australia
ADELAIDE: Thor Energy plc announced Monday that its subsidiary, Go Exploration Pty Ltd, has accepted an offer from the South Australian Department for Energy and Mining for three Gas Storage Exploration Licenses (GSELs 804, 805 and 806). The licenses, strategically located near Adelaide, provide exclusive rights to explore underground gas storage potential across more than…