OSLO, NORWAY: Alytic, a portfolio company of Arendals Fossekompani, has acquired Factlines. Factlines offers a digital solution for securing responsible supply chains. “Factlines is a great match for Alytic. It offers a highly competent team, a great software-as-a-service solution, a solid customer base, and a huge potential,” says Espen Zachariassen, CEO of Alytic. In a…
FRP Advisory Group acquires BridgeShield Asset Management Limited
LONDON, UK: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of BridgeShield Asset Management Limited. Founded in 2014, BridgeShield provides Property Asset Management advisory services to specialist lenders nationally from its office in Leigh-on-Sea, Essex. BridgeShield’s Directors, Ben Hubbard and Nick McAuliffe will join FRP as Partners. The rest…
Syncona invests £15mn in Oxford University spin out, OMass Therapeutics
LONDON, UK: Syncona Ltd it has committed £15 million in an oversubscribed £75.5 million Series B financing in OMass Therapeutics, a biotechnology company that identifies medicines against highly validated target ecosystems. Syncona was a co-investor in this financing round, which was led by new investors GV, Northpond and Sanofi Ventures. Existing investors Oxford Science Enterprises…
SThree plc appoints Timo Lehne as permanent CEO
LONDON, UK: SThree plc announced the appointment of Timo Lehne as permanent Chief Executive Officer (CEO) with immediate effect. SThree plc is the only global pure-play specialist staffing business focused on roles in Science, Technology, Engineering and Mathematics (‘STEM’). Timo was appointed Interim CEO in January 2022 having previously been the Senior Managing Director of…
Brave Bison buys Best Response Media Limited
LONDON, UK: Brave Bison, the social and digital media company, announced the acquisition of Best Response Media Limited, a leading digital commerce company. Best Response Media is a specialist ecommerce and mobile development company focused exclusively on the Adobe Commerce platform. BRM was acquired for a total purchase price of approximately £1.0m and an enterprise…
Seadrill wins $404m contract for three jack-ups in the Middle East
HAMILTON, BERMUDA: Seadrill Limited has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m…
Adrian Rudman appointed Chief Executive Officer of Future First Technologies
SYDNEY, AUSTRALIA: Adrian Rudman has been appointed as Chief Executive Officer of Future First Technologies Ltd to succeed Mr Falconer and will commence in his role on 2 May 2022. The Board of Future First Technologies Ltd (ASX:FFT) has accepted the resignation of Mr Keith Falconer as the Company’s CEO. Keith’s resignation follows the Board’s…
Pros and cons of investing in property
When it comes to investing, there are many different options available. However, one type of investment that seems to be easier to understand than many others is investing in property. Whether it’s a house or a unit, investing in property can be a great way to make money. Of course, as with any type of…
Ian Smyth appointed CEO of Electricity North West Limited
LONDON, UK: The Board of Directors of ENW Finance plc announced the appointment of Ian Smyth as Chief Executive Officer of Electricity North West Limited, and director of ENW Finance plc. Ian will succeed Peter Emery, who announced earlier this month that he wished to step down once a suitable successor had been identified. Ian…
Aquirian Limited to acquire Cybem Mechanical Services for of $3mn
SYDNEY, AUSTRALIA: Aquirian Limited (ASX: AQN) has entered into a binding agreement to acquire the business and assets of Cybem Mechanical Services Pty Ltd for an enterprise value of $3 million. The acquisition represents an operating EBITDA multiple of 2.89×1 (pre synergies and integrations costs), and allows for further significant efficiencies to be leveraged, with…
Dexus to acquire Collimate’s real estate & equity business for $450mn
SYDNEY, AUSTRALIA: Dexus, Australia’s leading fully integrated real estate groups, has entered into a Share Sale and Purchase Agreement (SPA) with Collimate Capital Limited to acquire Collimate’s real estate and domestic infrastructure equity business. Collimate Capital Limited is a subsidiary of AMP Limited. The consideration comprises a $250 million upfront cash payment and earn out…
PSC Insurance acquires Alan Wilson Insurance Brokers for $17.5mn
SYDNEY, AUSTRALIA: PSC Insurance Group (ASX: PSI) has entered into a binding agreement to acquire 100% of the share capital of AWIB Pty Ltd t/as Alan Wilson Insurance Brokers (AWIB). The purchase price is $17.5 million, payable in cash upon completion. The completion is subject to a number of customary conditions, and the acquisition is…