LONDON, UK: Mears Group Plc, the leading provider of services to the housing sector in the UK, announced the acquisition of IRT Surveys Limited, for a total consideration of up to £4.1 million. Headquartered in Dundee, IRT provides a range of data-led services focussed on addressing fuel poverty, decarbonisation and energy efficiency. IRT has developed…
Cornerstone FS plc appoints James Hickman as Chief Executive Officer
LONDON, UK: Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announced the appointment of James Hickman as Chief Executive Officer. James Hickman is serving out his notice with his current employer and so his appointment will take effect on 12 September 2022. James…
Joules Group appoints Jonathon Brown as new CEO
LONDON, UK: The Board of Joules Group Plc, the premium British lifestyle Group, announced Jonathon Brown will become the Group’s new Chief Executive Officer (CEO). This follows the Group’s announcement in May 2022 that Nick Jones would be stepping down from the role during 2022. Jonathon will initially join the Group as CEO designate on…
China Petroleum & Chemical to delist from NYSE
LONDON, UK: China Petroleum & Chemical Corporation has notified the New York Stock Exchange (NYSE) on 12 August 2022 that it will apply for the voluntary delisting of its American depositary shares (“ADSs”) from the NYSE. The board of directors of the Company approved the delisting of its ADSs from the NYSE as well as…
Pearson Plc announces sale of courseware business in South Africa
LONDON, UK: Pearson Plc has agreed to sell its 75% share of the K12, TVET and local Higher Education Courseware business in South Africa to Novus Holdings Limited, with its headquarters in Cape Town, South Africa, and listed on the Johannesburg Stock Exchange (JSE). Novus Holdings is a specialised printing and packaging manufacturing group which…
Mondi plc to sell Mondi Syktyvkar to Augment Investments for €1.5 billion
LONDON, UK: Mondi plc has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion (around €1.5 billion) payable in cash on completion. The disposal is conditional on the approval of the…
LendInvest sells residual economic interest in securitization for £5.8 million
LONDON, UK: LendInvest plc (LSE: LINV), a leading technology driven asset manager for UK property finance, announced that its wholly owned subsidiary, LendInvest BTL Limited has successfully completed the sale of its residual economic interest in the Mortimer BTL 2022-1 plc securitisation for cash consideration of £5.8 million. Citi’s secondary trading desk managed the sale…
Chevron U.S.A. acquires 5% shares in Ocean GeoLoop for NOK 100 million
VERDAL, NORWAY: Ocean GeoLoop AS, the green tech company developing multifunctional environmental technologies based on nature’s own processes, announced a NOK 100 million investment at NOK 37 per share by Chevron U.S.A. Inc., and a memorandum of understanding to identify areas of potential technical or commercial collaboration (MOU). “Ocean GeoLoop is pleased to announce Chevron…
Octopus Renewables acquires a 51% ownership interest in Crossdykes Onshore Wind Farm
LONDON, UK: Octopus Renewables Infrastructure Trust has entered into an agreement to acquire a 51% ownership interest in the Crossdykes Onshore Wind Farm. The remaining 49% is being acquired by another Octopus managed fund. Crossdykes, located in southern Scotland, was developed by Muirhall Energy and has been operational since June 2021. It is amongst the…
HydrogenOne Capital invests £8.4mn in Netherlands-based Strohm
LONDON, UK: HydrogenOne Capital Growth has signed definitive agreements for an investment of £8.4m (EUR 10m) in Strohm Holding B.V. HydrogenOne is investing alongside Strohm’s existing investors Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, in the first close of a funding round totalling £11.8m (EUR 14m). HydrogenOne may also invest up to a…
IQGeo Group has acquired COMSOF N.V. for €13 million
LONDON, UK: The board of directors of IQGeo Group plc, a provider of geospatial collaboration and productivity software to the telecommunications and utilities industries, has acquired COMSOF N.V. for a total consideration of up to €13 million. The Board is also pleased to announce the intention to raise approximately £3.5 million, before expenses, by way…
Eurofins to acquire a majority stake in QSAI Analysis and Research Center
PARIS, FRANCE: Eurofins Scientific, the global leader in food testing and a global scientific leader in bioanalytical testing, announced the signing of an agreement to acquire a majority stake in QSAI Analysis and Research Center Co.,Ltd. (“QARC”). QARC was founded in 2013 as a spin-off from QSAI’s R&D center and has been consistently developing pesticide…