LONDON, UK: IP Group plc (LSE: IPO) announced that portfolio company Bramble Energy, a London-based fuel cell company, has completed a £35 million Series B investment round to help further expand its capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks. IP Group committed approximately £10 million to the…
Equals Group joins Single Euro Payment Area (SEPA) network
LONDON, UK: Equals Group (AIM:EQLS), a leading fintech payments group focused on the SME marketplace, via its subsidiary Spectrum Payment Services Limited (SPS), has been accepted by the European Payments Council (EPC) to join Single Euro Payment Area (SEPA) network; the SEPA Instant and SEPA Credit Transfer schemes for Euro payments. Connecting to the SEPA…
HydrogenOne invests £10mn in fuel cell solutions company Bramble Energy
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £10 million in Bramble Energy Limited as part of their Series B funding round. Bramble has pioneered a printed circuit board (PCB) fuel cell solutions- PCBFCÔ, which manufactures low cost, scalable and recyclable fuel cell modules, and can be made at…
Apax X Fund to acquire Alcumus and Ole Smoky Distillery
LONDON, UK: The Apax X Fund has signed a definitive agreement to acquire Alcumus, a global leader in technology-led risk management and compliance solutions. Apax X has also signed a definitive agreement to acquire a controlling stake in Ole Smoky Distillery, one of the fastest growing spirits companies in the US. Both transactions are expected…
Mary Gangemi appointed on Litigation Capital Board
LONDON, UK: Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announced the appointment of its Chief Financial Officer Mary Gangemi to the Board with immediate effect. Mary joined LCM in April 2020 as Chief Financial Officer, bringing extensive senior management experience having overseen the finance functions of corporations…
Neometals Ltd confirms listing on AIM of London Stock Exchange
LONDON, UK: Neometals Ltd, a sustainable minerals and advanced materials project developer, confirmed its intention to seek a dual listing of its ordinary shares on the London Stock Exchange‘s AIM Market in addition to its existing listing on the Australian Securities Exchange (ASX:NMT). Admission of the Ordinary Shares to trading on AIM is expected to…
CentralNic to acquire Fireball Search GmbH and .ruhr Top-Level Domain
LONDON, UK: CentralNic Group has entered into agreements to acquire Fireball Search GmbH as well as the .ruhr Top-Level Domain (TLD) for a total aggregate consideration of EUR 0.6m in cash. The acquisitions are expected to complete immediately and on or around 31 May 2022 respectively and will be financed from available cash resources. Founded…
ID Logistics to buy US based Kane Logistics at enterprise value of $240mn
PARIS, FRANCE: ID Logistics has agreed to acquire 100% of Kane Logistics, an American pure player in contract logistics. At closing, the transaction will be based on an enterprise value of $240 million and will be settled entirely in cash. The transaction remains subject to the approval of the competent US antitrust authorities (Hart-Scott-Rodino Antitrust…
Otovo has launched battery offering in Sweden
OSLO, NORWAY: Following the battery launches in Italy in Q2 2021, Spain in Q3 and Germany in Q4, Otovo is now making home energy storage available to consumers in the Swedish market. “For Swedish consumers this will now be a way to add 5-22kWh of storage to their solar systems, meaning they can typically run…
Hexagon will supply high-pressure hydrogen cylinders to Reliance Industries
OSLO, NORWAY: Hexagon Purus, a world leading supplier of zero emission mobility solutions, has received its first orders for Type 4 high-pressure hydrogen cylinders from Reliance Industries Limited, India’s largest private sector company. The hydrogen cylinders will be used as prototypes in pilot projects for automotive and back-up power solutions and represents Hexagon Purus’ first…
Apollo Funds to invest in $1.4bn in Aldar Properties of UAE
ABU DHABI, UAE: Aldar Properties and Apollo Global Management (NYSE: APO) have signed a landmark commitment that will see Apollo-managed funds and clients invest a total of US$1.4 billion in strategic capital to drive Aldar’s transformational growth initiatives. The commitments are structured in the following components: • US$500 million: Investment into a land joint venture…
Robert Bishop appointed CEO of New Hope Corporation
SYDNEY, AUSTRALIA: New Hope Corporation Limited (ASX: NHC) announced the appointments of Mr Robert Bishop as Chief Executive Officer (CEO) of the Company and Ms Rebecca Rinaldi as Chief Financial Officer (CFO) of the Company. Both appointments are effective today. Mr Bishop joined the Company as General Manager Corporate Development in 2019 and was subsequently…