LONDON, UK: Balfour Beatty, the international infrastructure group, announced the sale of its 67% interest in Aspire at Discovery Park, the on-campus student accommodation at Purdue University in West Lafayette, Indiana. Purdue Research Foundation, which is acquiring the entire property, is acquiring Balfour Beatty’s full 67% interest. The transaction, which is subject to contractual conditions,…
Redcentric announces acquisition of 4D Data Centres, Sungard
LONDON, UK: Redcentric plc has acquired data centres (DCs) from Sungard Availability Services (UK) Limited and announced the separate acquisition of the entire share capital of 4D Data Centres Ltd (4D). Rationale for the acquisitions Following the acquisitions of Piksel Industry Solutions Limited, 7 Elements Limited and Sungard’s consulting business, the acquisitions of 4D and…
The Agency Group Australia to acquire Bushby Property Group
SYDNEY, AUSTRALIA: The Agency Group Australia (ASX:AU1) has expanded its national real estate agency network to Tasmania, agreeing to acquire leading Launceston based real estate business Bushby Property Group to launch “The Agency – Team Bushby”. The Company has entered into a share sale and purchase agreement with the owners of Bushby & Co. Pty….
Eurazeo in talks with Apax Partners to sell its majority stake in Vitaprotech
PARIS, FRANCE: Eurazeo has entered into exclusive discussions with Apax Partners to sell its majority stake in Vitaprotech, the French leader in premium security solutions for sensitive sites, a statement noted. The operation would remain subject to applicable regulatory approvals. Eurazeo’s disposal would be set to produce a cash-on-cash multiple of 3.2x and an internal…
Okapi completes acquisition of 51% interest in Hansen Uranium Deposit
SYDNEY, AUSTRALIA: Okapi Resources Limited (ASX: OKR) has completed the agreement to acquire an option over a 51% interest in the Hansen Uranium Project in Colorado, USA. The acquisition increases Okapi’s Mineral Resource for the Tallahassee Uranium Project to 42.0 million tonnes at 540ppm for 49.8 million pounds of U3O8 representing an 81% increase to…
Zip Co and Sezzle Inc terminate the merger agreement
SYDNEY, AUSTRALIA: In light of current macroeconomic and market conditions, Zip Co Limited (ASX: ZIP) and Sezzle Inc. (ASX:SZL) have mutually agreed to terminate their previously announced merger agreement for the proposed acquisition of Sezzle by Zip. Zip remains firmly focused on its strategic plan and accelerating its path to profitability. Zip’s underlying business remains…
Mainstream Renewable Power and Aker Offshore agree to merger their businesses
OSLO, NORWAY: Mainstream Renewable Power and Aker Offshore Wind have entered an agreement to combine the two companies to create a stronger renewable company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects. Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by…
Spark New Zealand to sell 70% of TowerCo business for $900 million
AUCKLAND, NEW ZEALAND: Spark New Zealand today announced the Ontario Teachers’ Pension Plan Board will acquire a 70% interest in its TowerCo business. Spark’s TowerCo business is a leading New Zealand towers business with approximately 1,263 sites. The transaction values the business at $1.175 billion, representing a FY23 pro-forma EBITDA multiple of 33.8x. Spark expects…
TradeWindow announces capital raising of up to $10m
AUCKLAND, NZ: Trade Window Holdings announced intention to raise up to approximately $9 million via a private placement of shares to select institutional and other select investors along with an approximately $1 million Share Purchase Plan (SPP). TradeWindow Chair Alasdair MacLeod said: “The opportunity for TradeWindow is significant as global trade undergoes game-changing transformation at…
Hoffmann Green Cement acquires ABC Broyage Group
PARIS, FRANCE: Hoffmann Green Cement Technologies announced its first external growth operation by acquiring the group named ABC Broyage, a pure player in the grinding industry, to internalize the processing of its raw materials, a statement said. Thanks to the acquisition of the ABC Broyage group, which owns AB Cesar, Hoffmann Green has integrated the…
Verismo Systems AB becomes part of ECIT
OSLO, NORWAY: ECIT AS announced that the Swedish HR-software company Verismo Systems AB has become a part of ECIT. The acquisition strengthens ECIT`s position within HR business administration advisory and modern, cloud-based HR-systems. ECIT is acquiring 18 % of the shares in Verismo, with an option to acquire all remaining shares in the company. The…
Fronline Ltd. and Euronav NV sign definitive merger agreement
ANTWERP, BELGIUM: Frontline Ltd. (NYSE: FRO ) and Euronav NV (NYSE: EURN ) have entered into a definitive Combination Agreement for a stock-for-stock combination based on an exchange ratio of 1.45 Frontline-shares for every 1.0 Euronav-share. The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022….