LONDON, UK: Octopus Renewables Infrastructure Trust (ORIT) announced two new investments in the UK and Germany. Lincs Offshore Wind Farm, UK ORIT has acquired a further 7.75% ownership interest in the Lincs Offshore Wind Farm (“Lincs”) from a fund managed by Macquarie Asset Management. This follow-on investment adds to the original 7.75% stake in this…
General Atlantic to acquire majority interest in Kahoot!
OSLO, NORWAY: Kahoot!, the global learning and engagement platform company, announced that General Atlantic, a leading global growth equity firm, has joined its investor base to support the company’s next phase of expansion. Existing investor SB Northstar LP, a fund managed by a 100% directly owned subsidiary of SoftBank Group Corp., partner to Kahoot! since…
Capita plc agrees to sell Pay360 to Access PaySuite for £150 million
LONDON, UK: Capita plc has agreed to sell Pay360 Limited to Access PaySuite, a division of The Access Group in a deal that values Pay360 at £150 million on a cash-free, debt-free basis, representing a 14.3x multiple on 2021 EBITDA of £10.5 million. Taking into account cash-like and debt-like items, Capita expects to receive gross…
Emirates and United Airlines expand market presence through new agreement
DUBAI, UAE: Emirates and United Airlines announced a historic commercial agreement today that will enhance each airline’s network and give their customers easier access to hundreds of new destinations within the United States and around the world. From November, Emirates customers flying into Chicago, San Francisco, and Houston – three of the biggest business hubs…
DÉKUPLE Group to acquire majority interest in Brainsonic’s capital
PARIS, FRANCE: The DÉKUPLE Group has signed a deal to acquire a majority interest in Brainsonic’s capital, after satisfying all of the conditions precedent together. Brainsonic Capital is a leading engagement communications agency. This Paris-based company has over 120 talents who draw up and implement strategies and creations enabling brands to engage their audiences (BtoC,…
Wael Sawan appointed Shell CEO, as Ben van Beurden to step down
LONDON, UK: Shell plc announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023, when he will also join Shell’s Board of Directors. Ben van Beurden will continue working as adviser to…
Saxo Bank and Disruptive Capital explore business combination
AMSTERDAM: Saxo Bank, a leading global digital trading and investment platform, and Disruptive Capital Acquisition Company have agreed to explore a combination and listing of Saxo Bank on Euronext Amsterdam. Saxo Bank is well capitalised, so there will be no primary issue of shares by Saxo Bank. The proposed Business Combination would comprise a secondary…
Volvo starts series production of heavy electric trucks
GOTHENBURG, SWEDEN: Volvo Trucks is beginning series production of the electric versions of the company’s most important product range, its heavy-duty trucks: Volvo FH, Volvo FM, and Volvo FMX, a statement noted. These trucks can operate at a total weight of 44 tonnes and the three models represent around two thirds of the company’s sales….
Growthpoint Properties completes acquisition of Fortius Funds Management
SYDNEY, AUSTRALIA: Growthpoint Properties Australia has completed the acquisition of 100% of the shares in Fortius Funds Management Pty Ltd. The transaction was announced on 3 August, and following the satisfaction of all conditions precedent, completion has now taken place. All change of consent controls have been received. The transaction comprised a $45 million initial…
4GLOBAL and EuropeActive announce launch of global datahub
LONDON, UK: 4GLOBAL, a UK-based data, services and software company focused on sport and the promotion and measurement of physical activity, announced the expansion of its DataHub into mainland Europe in conjunction with EuropeActive. EuropeActive represents a sector that generates revenues of more than EUR €28.2 billion annually, with over 64,000 facilities used by more…
The Ince Group disposes of trade and assets of CW Energy LLP
LONDON, UK: The Ince Group plc (AIM: INCE), announced the disposal of the trade and assets of CW Energy LLP (CWE), a specialist tax consultancy business within the Group, back to the original vendors, Phil Greatrex and Paul Rogerson (through PPJ Oiltax Partners LLP). The Ince Group provides legal, accounting, financial services, consulting and pension…
Jon Davey appointed CEO of Tyro Payments
SYDNEY, AUSTRALIA: Tyro Payments (ASX: TYR) announced the appointment of Jonathan (Jon) Davey as Chief Executive Officer (CEO). Mr Davey is currently CEO of Tyro’s Health business, having joined Tyro in May 2021 following Tyro’s acquisition of health fintech Medipass, which he led. He will officially commence as CEO on 3 October Outgoing CEO and…