LONDON, UK: Industrials REIT, the UK multi-let industrial (MLI) property company, has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. Totalling…
Schroder European REIT acquires car showroom in France
LONDON, UK: Schroder European REIT, the company investing in European growth cities, has exchanged contracts to purchase a freehold car showroom property in Cannes, southern France, for €8.4 million, reflecting a net initial yield of 5.5% and a reversionary yield of 6.4%. The 4,235 sqm showroom is fully let to FCA Motor Village France, a…
Gateley acquires chartered surveying practice Smithers Purslow for £20 million
LONDON, UK: Gateley, the legal and professional services group, announced the acquisition of SP 2018 Limited and its subsidiaries (together “Smithers Purslow”) for a total maximum consideration of £20.0 million. Smithers Purslow gives Gateley significantly deeper reach into the UK’s sizeable and growing high-value property insurance claims market. Smithers Purslow is a rapidly growing multi-disciplinary…
DEWA implements Smart Grid Strategy 2021-2035
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) is implementing its updated Smart Grid Strategy 2021-2035. Building on the success of completing 100% of the short-term goals of its Smart Grid Strategy 2014 – 2035, the new strategy features a high standard of resilience and agility, which keeps pace with development and rapid changes to…
Camilla Nilsson appointed as Kyoto Group’s permanent CEO
OSLO, NORWAY: Kyoto Group AS has appointed Camilla Nilsson as permanent CEO of Kyoto, after serving as interim CEO since December 2021. She assumes the role with immediate effect. Camilla Nilsson has previously served as CFO of Kyoto from March 2021. She has extensive international industrial experience from leadership positions in large international companies as…
Tintra Payments Mauritius payment intermediary services license
LONDON, UK: Tintra Payments (Mauritius) Limited (TPM) has been granted permission to commence business under its Payment Intermediary Services License from the Mauritius Financial Services Commission. This allows TPM to operate as an online Payment Service Provider, covering the provision of payment services and merchant online services for accepting electronic payments by a variety of…
Crypto platform Bybit launches leveraged token products
DUBAI, UAE: Bybit, one of the world’s fastest growing cryptocurrency exchanges, announced the launch of leveraged token products on its spot exchange starting with two Bitcoin leveraged tokens, BTC3L and BTC3S. These leveraged tokens are short-term investment vehicles that let traders reap the benefits of leverage with no margin, collateral or liquidation risks. They have…
Terry Holohan to be appointed CEO of Resolute Mining
LONDON, UK: Resolute Mining Limited (LSE: RSG) advises that the company’s Chief Executive Officer (CEO) role will transition to current Chief Operating Officer (COO) Mr Terry Holohan following the resignation of Mr Stuart Gale as Managing Director and CEO. Mr Holohan will formally take over as CEO after Mr Gale leaves the Company in order…
Marlowe plc buys TP Health for £14.9 million
LONDON, UK: Marlowe plc, the leader in business-critical services and software which assure safety and regulatory compliance, announces that it has acquired TP Health, a leading provider of technology-enabled Occupational Health services in the UK, for an expected enterprise value of £14.9 million. TP Health, established in 2006, is headquartered in Northampton and employs approximately…
Spectris sold Omega Engineering to Arcline Investment Management for $525mn
LONDON, UK: Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, announced the sale of Omega Engineering to Arcline Investment Management for $525 million (£403 million), at a valuation of approximately 20.4x Omega’s 2021 adjusted EBITDA. Omega will be joining the Dwyer Group of companies (‘Dwyer’), an Arcline portfolio company. Alongside this, Spectris…
Ascential plc to acquire Sellics GmbH
LONDON, UK: Ascential plc (LSE: ASCL.L), the specialist information, analytics and eCommerce optimisation company, has signed an agreement to acquire Sellics GmbH, a business which provides media execution services to challenger brands trading on Amazon. Sellics GmbH provides a mix of advertising spend optimisation, campaign automation and profit analytics, through a suite of software solutions,…
ASEAN Fintech Group to acquire JazzyPay Inc
SYDNEY, AUSTRALIA: Fatfish Group Limited (ASX:FFG) announced that its subsidiary, ASEAN Fintech Group Ltd will acquire 87.44% of JazzyPay Inc, a digital payments provider in the Philippines, at US$1.57 million (A$2.1 million). The acquisition values JazzyPay at US$1.8 million (A$2.4 million). The acquisition will be satisfied completely through the issuance of new shares in AFG…