LONDON, UK: Kingswood Holdings (AIM: KWG) announced the acquisition of Barry Fleming and Partners based in Berkshire. The business will be acquired for total cash consideration of up to £6.2m, payable over a two-year period, £3.1m paid on completion and the balance paid on a deferred basis which is subject to the achievement of pre-agreed…
S-Ventures has acquired Hero UK Ltd trading as Juvela
LONDON, UK: S-Ventures plc (AQSE: SVEN) announced the acquisition of 100% of the share capital of Hero UK Ltd trading as Juvela. Hero UK has been acquired from the Hero Group, a Swiss consumer foods group. The company manufactures and distributes a range of branded gluten free products under the Juvela brand which include a…
APM Human Services will acquire Everyday Independence for $52.5mn
SYDNEY, AUSTRALIA: APM Human Services International Limited (ASX: APM) has entered into a binding agreement to acquire all the issued shares of Everyday Independence for cash consideration of $52.5 million plus an earn-out based on financial year ended 30 June 2024 targets. Completion is expected to occur on 1 February 2023. Strategic acquisition of one…
Meridian Energy to build Ruakākā Battery Energy Storage System in New Zealand
SYDNEY, AUSTRALIA: Meridian Energy will begin construction of the Ruakākā Battery Energy Storage System (BESS) in the first quarter of 2023. The project will construct New Zealand’s first large-scale grid battery storage system, providing Meridian with a versatile North Island asset, situated south of Whangārei. Meridian Energy Chief Executive Neal Barclay says the company’s approach…
Infratil establishes Mint Renewables, a new Australian renewable energy platform
SYDNEY, AUSTRALIA: Infratil Limited announced the establishment of Mint Renewables Limited, a new renewable energy platform focused on Australia. Infratil is investing in Mint Renewables alongside the Commonwealth Superannuation Corporation (‘CSC’). The investment will be managed on behalf of Infratil and CSC by Morrison & Co. Infratil owns a 73% interest in Mint Renewables, with…
Connexa to acquire 2degrees’ mobile telecommunications tower assets
SYDNEY, AUSTRALIA: Connexa, the independent mobile towers business in which Spark New Zealand is a shareholder, has reached an agreement with 2degrees Mobile to acquire 2degrees’ passive mobile telecommunications tower assets. 2degrees is an entity owned by managed funds of Macquarie Asset Management and Aware Super. Connexa is an independent mobile towers business that was…
Toubani Resources appoints Phil Russo as Chief Executive Officer
SYDNEY, AUSTRALIA: Toubani Resources Inc. (ASX: TRE) announced that Mr Phil Russo has agreed to join the Company as Chief Executive Officer and Executive Director, commencing 9th January 2023. Following the Company’s successful ASX listing in November and in line with the Company’s Prospectus, Toubani has moved to appoint an Australian-based Chief Executive Officer with…
Woolworths Group to acquire a 55% interest in Petspiration for $586mn
SYDNEY, AUSTRALIA: Woolworths Group has entered into an agreement to acquire a 55% equity interest in Petspiration Group, a leading Australian and New Zealand speciality pet food, accessories and services retailer for a cash consideration of $586 million. Petspiration is the owner and operator of leading retail brand PETstock and has a network of 276…
Nextech AR to spinout its Toggle3D design studio SaaS Software platform
TORONTO, CANADA: Nextech AR Solutions Corp. has announced a direct spinout of its Toggle3D design studio SaaS Software platform through a wholly-owned subsidiary of the company (Subco). The transaction is currently anticipated to proceed by way of plan of arrangement pursuant to which the Toggle3D and associated assets will be spun out into a new…
Concurrent Technologies partners EIZO Rugged Solutions to enhance systems capability
LONDON, UK: Concurrent Technologies has entered into a partnership agreement with EIZO Rugged Solutions to resell its range of display and accelerator cards. Concurrent Technologies is a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications. Selling these cards individually and as part of a range of system…
Avingtrans CEO, Steve McQuillan appointed as Chairman of Adaptix
LONDON, UK: Avingtrans CEO, Steve McQuillan, has been appointed as the non-executive Chairman of emerging MedTech business, Adaptix, based in Oxford, UK. In parallel, Avingtrans is investing a further £2m in Adaptix, by means of a Convertible Loan Note. In 2021, Avingtrans invested £4m in Adaptix, for an 11.9% stake in the business, so this…
Fifth Wall Acquisition Corp and Mobile Infrastructure Corp merging to form a $550mn company
NEW YORK: Fifth Wall Acquisition Corp. III entered into a definitive business combination agreement with Mobile Infrastructure Corp. (MIC), one of the largest institutional-quality, mobility-focused parking asset owners in the U.S. The business combination values the combined company at a post-money equity valuation of approximately $550 million assuming no public shareholders of Fifth Wall Acquisition…