MADRID: Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has announced today that it invested to-date in Ignis c. €222 million of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year. Since Vortex Energy’s initial investment in Q4…
Redcentric to acquire business and assets of Sungard data centres
LONDON, UK: Redcentric Solutions Ltd (RSL) has exchanged conditional contracts for the acquisition of the business and assets relating to the operation of up to three data centres (Sungard DCs) and the provision of other colocation and network services from Sungard Availability Services (UK) Limited. Completion of the acquisition of each of the Sungard DCs…
How To Choose The Right Lighting Solution For A Warehouse
Warehouses are often large, open spaces that need a lot of light to be productive. The type of lighting you choose for your warehouse can make a big difference in worker productivity and safety. This post will discuss some things to keep in mind when choosing the right lighting solution for your warehouse. Why Go…
AMTE Power and Viritech to collaborate on hydrogen hypercars
LONDON, UK: AMTE Power Plc, the developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has signed a memorandum of understanding (“MoU”) with advanced powertrain developer Viritech Ltd (“Viritech”) to support the development of hydrogen fuel cell electric vehicles (“FCEVs”). The MoU paves the way for the parties to establish an agreement…
Gaming Innovation Group signs a head of terms agreement with Crab Sports in Maryland
OSLO, NORWAY: Gaming Innovation Group Inc. (GiG), has signed a head of terms agreement with US based sports betting brand, Crab Sports, to provide its award winning Platform and Sportsbook solution in Maryland. This is the first deal in the US for the new and greatly expanded offering of GiG and Sportnco, and provides an…
InoBat Auto and Green Lithium agree strategic partnership
LONDON, UK: InoBat Auto, a pioneering supplier of batteries for electric vehicles, and Green Lithium, an innovative mineral processing company progressing plans to build and operate the first large-scale commercial lithium refinery in the UK, have agreed a strategic partnership. The partnership will see Green Lithium supply InoBat with battery-grade lithium chemicals and the two…
Pearson Plc sells K12 Courseware Businesses in Italy & Germany for £163mn
LONDON, UK: Pearson Plc has agreed to sell its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation, a leading European K12 learning services company operating in 11 countries and listed in Nasdaq Helsinki (SAA1V). The headline consideration of this transaction is £163 million, which will be paid in cash on completion, subject…
Funds advised by Apax to acquire EcoOnline Holding
LONDON, UK: On 2 June 2022, the Apax X Fund, in which Apax Global Alpha Limited (AGA) is a limited partner, announced that it has reached an agreement with the Board of EcoOnline Holding AS, an Environment, Health and Safety (EHS) SaaS company listed on Euronext Growth (Ticker: ECO) to acquire the entire issued, and…
Sarah Jones appointed new Chief Executive of Anchor Hanover Group
LONDON, UK: Anchor Hanover Group announced the appointment of Sarah Jones as Chief Executive from 1 August 2022. It follows Jane Ashcroft’s decision to step down from the role at England’s largest not-for-profit provider of housing and care for older people. Sarah is currently Anchor’s Chief Financial Officer and has been a member of the…
Moneyme launches transaction and savings accounts to SocietyOne customers
SYDNEY, AUSTRALIA: Moneyme Limited has launched transaction and savings accounts to its SocietyOne customers, powered by Westpac’s Banking-as-a-Service (BaaS). The BaaS product launch follows MONEYME’s acquisition of SocietyOne on 15 March 2022, creating a $1.2b loan book at 31 March 2022 and a significantly increased customer base. The launch contributes to the Group’s mission of…
CRH Plc to acquire Barrette Outdoor Living for $1.9 billion
LONDON, UK: CRH plc has reached an agreement with TorQuest Partners and Caisse de dépôt et placement du Québec (CDPQ) to acquire Barrette Outdoor Living Inc. for an enterprise value of $1.9 billion, representing an acquisition multiple of c.10x EBITDA pre-synergies. Albert Manifold, Chief Executive of CRH, commented: “Barrette is an excellent addition to CRH….
valU partnership to offer consumer finance in KSA
RIYADH, KSA: FAS Labs, owned by Fawaz Abdulaziz Alhokair Co., the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (ACC), the leading owner, developer, and operator of lifestyle shopping centers in Saudi Arabia, have entered into a strategic partnership with valU for Consumer Finance S.A.E. (“valU”) on the 5th of June 2022. The…