LONDON, UK: Future plc (LSE: FUTR), the global platform for specialist media, announced the acquisition of WhoWhatWear, a leading digital-only women’s lifestyle publisher based in the US from Clique Brands Inc. WhoWhatWear is a brand highly-regarded by both consumers and advertisers with a strong social presence and diverse revenue streams ranging from digital advertising to…
Atturra to acquire Perth-based Hayes Information Systems & Communications
SYDNEY, AUSTRALIA: Atturra Limited (ASX: ATA) announced that its subsidiary, Anatas Pty Ltd has exchanged a Share Purchase Agreement (SPA) to acquire Hayes Information Systems and Communications Pty Ltd. The acquisition of Hayes will have minimal impact on the Atturra FY22 results. Perth-based Hayes is an award winning OpenText partner providing Information Management consultancy, digital…
GFH Financial to acquire majority stakes in US-based SQ Asset Management
MANAMA, BAHRAIN:GFH Financial Group (GFH) has signed an agreement to acquire a majority stake in SQ Asset Management (SQ), a US-based living sector asset manager and property manager focused on student housing. The acquisition will see GFH launch its US operations by adding 180 real estate professionals to GFH’s employee base, bringing significant investment and…
Pagero Group to acquire Tungsten Corporation for £61.49 million
LONDON, UK: Pagero Group has agreed the terms of a recommended all cash offer to acquire the entire issued and to be issued ordinary share capital of Tungsten Corporation at the rate of 48 pence/ Tungsten share valuing the entire issued and to be issued ordinary share capital of Tungsten at approximately £61.49 million on…
Huddlestock Fintech acquires F5 IT in a NOK 20mn deal
OSLO, NORWAY: Huddlestock Fintech AS has confirmed the acquisition of 100% of F5 IT, a software developer with solid traction in customised applications and solutions within the Fintech, Proptech and IoT space. It has been agreed that Huddlestock will pay NOK 20 million in an all-share exchange to acquire 100% of F5 IT AS. “We…
Energean plc makes commercial gas discovery offshore Israel
LONDON, UK: Energean plc (LSE: ENOG) announced that a commercial gas discovery has been made by the Athena exploration well, offshore Israel. Highlights · Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 bcm (283…
ESET, Grove and Falanx developing partnership to provide M-EDR to UK Customers
LONDON, UK: Falanx Group Limited (AIM: FLX), the AIM listed cyber security business, announced that ESET, Grove and Falanx Cyber are working together to promote Managed-Endpoint Detection and Response (M-EDR) solutions and services to UK customers across the region. The ESET EDR capability is a leader in its field providing UK customers with protection from…
Pak Kuwait Investment Company & Enertech Kuwait sign $750mn investment agreement
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (PKIC) has entered into a strategic alliance agreement with Enertech Holding Company KSC, a subsidiary of Kuwait Investment Authority, worth $ 750 million, with the objective to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this journey of alliance with this agreement, both…
AQRU.io platform surpasses $50 million in assets under management
LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (DeFi), announced that its wholly owned subsidiary, Accru Finance Ltd., has surpassed US$50 million in assets under management (AUM) and 20,000 user signups on its proprietary yield-generating platform, AQRU.io, five months after the launch of the platform in December 2021. This represents AUM…
Launch of AIB Foresight Impact Fund
LONDON, UK: Foresight Group Holdings Limited, a leading infrastructure and private equity manager, announced that it has been appointed by Allied Irish Banks (“AIB”), Ireland’s largest financial services provider, to manage a new small and medium-sized enterprise (“SME”) equity fund. AIB will be a cornerstone investor in the Fund, which aims to stimulate job creation…
Green Lithium & Trafigura agree to develop commercial lithium refinery in Europe
GENEVA: Lithium processing company Green Lithium has agreed terms with Trafigura to support the development of one of the first centralised commercial lithium refineries in Europe. The new refinery will supply European electric vehicle and battery manufacturers with battery-grade lithium chemicals. Under the newly-established relationship, Trafigura plans to supply lithium feedstock required for the planned…
HydrogenOne Capital Growth to make £20mn investment in Elcogen
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen Plc. Elcogen’s shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Elcogen. Elcogen…