SYDNEY, AUSTRALIA: PEXA Insights, has agreed to make its second strategic investment to acquire an interest of up to 25% in Elula – an Australian artificial intelligence (AI) technology company. PEXA Group Limited (PEXA) is the operator of the world’s first digital property exchange platform. PEXA insights is its data and analytics business. PEXA is…
Foxtons acquires Gordon & Co in South London, Stones Residential in North
LONDON, UK: Foxtons Group plc (LSE: FOXT), London’s leading estate agency, has acquired two estate agents including IMM Properties Ltd, trading under the name Gordon & Co in South London; and Stones Residential (Stanmore) Holdings Ltd in Stanmore, North London for a total consideration of £10.55 million. The acquisitions would be funded through the Company’s…
Johnson Matthey agrees to sell part of its Battery Materials business for £50mn
LONDON, UK: concerned over insufficient returns, Johnson Matthey Plc (JM) has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of £50 million in cash and Johnson Matthey…
6 Most Important Factors You Should Consider When Choosing a Broker
When it comes to choosing a broker, many people can feel overwhelmed. With all of the scams out there, how can you be sure that you’re making the right choice? It’s important to consider a few key factors when making your decision. In this blog post, we will discuss four of the most important factors…
Westpac to sell Advance Asset Management to Mercer, merge with BT Funds
SYDNEY, AUSTRALIA: Westpac and BT Funds Management Limited (Trustee) have entered into a Heads of Agreement to merge, through a successor fund transfer (SFT), BT’s personal and corporate superannuation funds with Mercer Super Trust. Additionally, Westpac has entered into an agreement to sell its Advance Asset Management business (Advance) to Mercer Australia. Scope of agreements:The…
Nanollose signs MOU with INDITEX
SYDNEY, AUSTRALIA: Nanollose Limited (ASX: NC6), a leading bio-materials company commercialising scalable technology to create fibres and fabrics with minimal environmental impact, has entered into a binding memorandum of understanding (“MOU”) with one of the world’s largest fashion retailers, Industria de Diseño Textil, S.A. (“INDITEX”). INDITEX is a public company listed on the stock exchanges…
Prudential Plc appoints Anil Wadhwani as new Group Chief Executive
LONDON, UK: Prudential plc announced the appointment of Anil Wadhwani as Group Chief Executive Officer (“CEO”). Anil Wadhwani will join the Company from Manulife where he was President & CEO, Manulife Asia. Anil Wadhwani is a global financial services leader with more than 30 years’ experience, predominantly in Asia, combining strategic vision and execution in some of the world’s biggest companies….
Rod Heale appointed CEO of Decmil Group
SYDNEY, AUSTRALIA: Decmil Group Limited has appointed experienced civil contracting leader Rod Heale as the Company’s new Chief Executive Officer. Rod will commence full-time on 20 June 2022. Rod Heale brings more than 30 years’ experience in the building, construction and infrastructure industry across Australia, most recently as Chief Operating Officer John Holland’s Australia and…
Hollywood Bowl acquires Splitsville, a Canadian-based bowling business
LONDON, UK: Hollywood Bowl announced the acquisition of Teaquinn Holdings Inc. (Splitsville), a Canadian-based bowling business, for a total consideration of CAD 17 million. The consideration (approximately £10.6 million) will be satisfied by an initial payment of CAD 13.6 million in cash and a deferred consideration of CAD 3.4 million. Acquisition highlights: · Teaquinn comprises of…
Marlowe plc acquires Cedrec Information Systems for £3.0mn
LONDON, UK: Marlowe plc has acquired Cedrec Information Systems Limited, a leading digital platform providing Environmental, Health and Safety (EHS) data & information, for an enterprise value of up to £3.0 million. Headquartered in Gateshead and established in 1994, Cedrec Information Systems provides data, information and legislative insights to approximately 1,000 customers who subscribe to…
ASA Pakistan receives Microfinance Banking licence
AMSTERDAM: ASA International Group plc, one of the world’s largest international microfinance institutions, announces that ASA Pakistan received the Microfinance Banking (‘MFB’) licence from State Bank of Pakistan (‘SBP’) on 24 May 2022. On 3 January 2020, ASA Pakistan received an in-principle approval (via a No Objection Certificate or NOC) from SBP to transform into a…
Superloop to acquire Melbourne-based Acurus Holdings for A$15mn
SYDNEY, AUSTRALIA: Superloop Limited (ASX:SLC) has entered into a conditional sale and purchase agreement (SPA) to acquire Acurus Holdings Pty Ltd, a Melbourne-based white label and technology firm (Acurus). The acquisition will allow Superloop to expand white label broadband relationships and profitable growth in its subscriber base. Acurus is an Australian company providing technology services…