OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today confirmed an oil discovery on the Ofelia prospect in the Norwegian North Sea license PL929 in which the Company holds a 10 percent interest. The well encountered a 73-meter oil column in Lower Cretaceous Agat Formation sandstones of moderate to good reservoir quality. Preliminary…
Everfuel signs MoU with Karlstads Energi for establishing a hydrogen hub
HERNING, DENMARK: Everfuel A/S announced the signing of a Memorandum of Understanding (MoU) with Karlstads Energi for a collaboration on developing a hydrogen hub in Karlstad, Sweden. The two parties plan to explore the commercial and technical feasibility of constructing a 20 MW electrolysis facility as a first phase of the hub development. The facility…
Financial market solutions provider Infront to acquire Assetmax AG
OSLO, NORWAY: Infront AS has entered into an agreement for the acquisition of Assetmax AG. The acquisition represents an important milestone for Infront as the company further strengthens its product offering for wealth management customers across Europe. The transaction is expected to be completed by the end of September at the latest, subject to customary…
Bonhill has sold Business Solutions & Governance division to Stubben Edge
LONDON, UK: Bonhill Group plc (AIM: BONH), a leading B2B media business specialising in financial services providing media, events and data & analytics, announces the sale of its Business Solutions & Governance (BSG) division for cash consideration of £723,000 to Stubben Edge Group Limited. The BSG division comprises brands, including SmallBusiness.co.uk, GrowthBusiness.co.uk, Information-Age.com, and DiversityQ…
OpenText Corporation to acquire Micro Focus International for £1.8 billion
LONDON, UK: OpenText Corporation has agreed to acquire Micro Focus International, the world’s largest enterprise software providers. Under the terms of the acquisition, each Micro Focus shareholder will be entitled to receive 532 pence in cash per share. The acquisition values the entire issued and to be issued ordinary share capital of Micro Focus at…
Alumasc Group has sold Levolux Limited to Talrus Limited
LONDON, UK: Alumasc Group, the premium building products, systems, and solutions group, has sold Levolux Limited to Talrus Limited, a company associated with Rcapital Partners LLP, a leading private Investor. Levolux, which formed part of Alumasc’s Building Envelope division, designs, manufactures, and installs solar shading systems, architectural solutions and balconies that are used to enhance…
JTC Plc propose to acquire New York Private Trust Company (NYPTC)
LONDON, UK: JTC Plc, the global professional services business, announced the proposed acquisition of New York Private Trust Company (NYPTC), a Delaware non-deposit trust company, headquartered in Delaware, USA. NYPTC offers a broad range of fiduciary services, including trust services, estate administration services and white label trust services to high net worth and ultra-high net…
Perpetual Limited to acquire 100% shares in Pendal Group
SYDNEY, AUSTRALIA: Perpetual Limited (ASX:PPT) has entered into a binding Scheme Implementation Deed with Pendal Group (ASX:PDL) under which Perpetual intends to acquire 100% of shares in Pendal by way of a Scheme of Arrangement. The combination of these two highly aligned businesses will create a leading global asset manager with significant scale, a broad…
Paragon Care Limited acquires Specialist Medical Supplies Pty Ltd for $15.5 million
SYDNEY, AUSTRALIA: Paragon Care Limited has agreed to acquire the business of Specialist Medical Supplies Pty Ltd (SMS) for $15.5 million. Current maintainable EBITDA is approximately $3.0 million per annum. Specialist Medical Supplies is the leading supplier in Australia of biopsy and skin lesion instrumentation and other related products as well as a urethral bulking…
Oakley Capital invests in Affinitas Education
LONDON, UK: Oakley Capital announced that Oakley Capital Fund IV2 has invested in Affinitas Education, a company established by education entrepreneur Victor Lundsten with the intention of building a new, global K12 (kindergarten to 12th grade) schools group. Affinitas Education has completed its first three acquisitions in Spain and Mexico together comprising nine premium, private…
Lucy Dimes appointed Non-Executive Chair of iomart Group
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing company, announced the appointment of Lucy Dimes as Independent Non-Executive Chair of the Company, with effect from the closing of the AGM on 30 August 2022. This follows the decision by our exiting Chair, Ian Steele, not to stand for re-election as previously announced. Lucy…
AIREA plc appoints Mederic Payne as Chief Executive Officer
LONDON, UK: AIREA plc announced the appointment of Mederic Payne as Chief Executive Officer and as a member of the Board of Directors. Mederic Payne is an experienced business leader with a strong background in multinational home improvement retail and wholesale. Most recently he was Managing Director of Multi-Brands with Al-Futtaim Group where he was…