SYDNEY, AUSTRALIA: Vista Group International Limited (ASX:VGL) announced that Sarah Lewthwaite, Movio’s Chief Client Officer, has been appointed CEO of Movio, and Matthew Liebmann, Movio’s Chief Operating Officer, has been appointed Vista Group’s Chief Innovation and Data Officer. The appointments will take effect from 1 July 2022. Vista Group CEO, Kimbal Riley, noted: “Both Sarah…
Tufton Oceanic Assets Limited buys Product Tanker, Marvelous
LONDON, UK: The Board of Tufton Oceanic Assets Limited announced the Company has agreed to acquire a Product Tanker for $31.5 million. The Product Tanker, Marvelous, is being acquired at approximately 90% of depreciated replacement cost. Initially the vessel will be employed in a leading product tanker pool where current net unlevered yield is in…
AEW UK REIT acquires Railway Station Retail Park, Dewsbury
LONDON, UK: AEW UK REIT plc (LSE: AEWU) announced the acquisition of the 6.04 acre Railway Station Retail Park in Dewsbury for a price of £4.7 million. The purchase price reflects a low capital value of only £82 per sq ft and provides an attractive net initial yield of 9.4%. The park is fully let…
Apax Partners sell controlling stake in MyCase
LONDON, UK: The Apax X Fund has closed the sale of a controlling stake of portfolio company MyCase, a leading provider of cloud-based legal practice management software and payment services, to AffiniPay. The purchase consideration for MyCase consists of cash and stock and following the transaction, the Apax Funds remain a minority shareholder in the…
Wind Catching Systems completes Series A financing
OSLO, NORWAY: North Energy ASA announced that Wind Catching Systems AS (WCS), the developer of floating offshore wind technology has completed a Series A investment round of up to USD 10 million led by the venture capital arm of an undisclosed global industrial company. The proceeds from the Series A financing will be used to…
The Main Reasons To Start Investing In Precious Metals
Precious metals have been around for centuries and have been used as a form of currency, jewelry, and other decorative items. Over time, they have become a more popular investment option because they are seen as a safe-haven asset. This means that they tend to hold their value during times of economic instability or market…
Oil and Gas discovery in the Barents Sea
OSLO, NORWAY: Vår Energi confirms discovery of oil and gas in the Equinor operated Skavl Stø exploration well in the Johan Castberg area. The primary exploration target for the 7220/8-3 Skavl Stø well was to prove hydrocarbons in the Stø Formation of the Realgrunnen SubGroup. The well encountered a hydrocarbon column of 46 meters with…
Satago partnership with Sage and Lloyds
LONDON, UK: Satago, a leading provider of invoice financing and Lending as a Service software solutions, has signed a LOI to enter into a three-way partnership with Sage and Lloyds Bank. The partnership will formalise plans to create an embedded finance solution within Sage, the leader in accounting, financial, HR and payroll technology for small…
Mitie Group signs deal to acquire Custom Solar Ltd
LONDON, UK: Mitie Group plc has entered into a sale and purchase agreement (‘SPA’) to acquire the entire issued share capital of Custom Solar Ltd, a solar power solutions company specialising in the development, design, installation and maintenance of solar power systems for public and private sector clients. Custom Solar’s design and installation expertise, combined…
Senior plc agrees to acquire Spencer Aerospace Manufacturing for £48mn
LONDON, UK: Senior plc has signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC, a leading manufacturer of highly engineered, high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications. Senior has agreed to pay £48m ($60m) for Spencer Aerospace, comprising an initial consideration of £24m…
IOUpay Asia goes live with Shopify e-commerce platform
SYDNEY, AUSTRALIA: IOUpay Asia has today made its myIOU BNPL offering available to Malaysian merchants operating on the payments platform of Shopify Commerce Singapore PTE LTD (“Shopify”), making myIOU available to consumers transacting through those merchants. Shopify is a subsidiary of Shopify Inc. a Canadian multinational e-commerce company listed on the Toronto Stock Exchange and…
Genesis Energy CEO Marc England to leave the company
SYDNEY, AUSTRALIA: The Board of Genesis Energy (NZX: GNE) confirms that it has agreed a departure date of 14 October 2022 with CEO, Marc England, subsequent to him informing us two weeks ago of his intent to leave the company later in the year. Marc joined Genesis as Chief Executive Officer in 2016. He has…