OSLO, NORWAY: Magnora ASA is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV management. Simultaneously, Magnora is selling all its shares in Vindr AS to its founders and discontinues the development…
Virgin Group and Agilyx form partnership to produce lower carbon fuel
OSLO, NORWAY: Virgin Group and Agilyx are forming a strategic partnership to research and develop lower carbon fuel facilities to help address plastic pollution and the global transition to net zero. Virgin Group and Agilyx aim to reuse plastic waste to produce synthetic crude oil that will then be refined into a lower carbon fuel….
Protecht Group secures A$42mn Series A investment from Arrowroot
SYDNEY, AUSTRALIA: Protecht Group Holdings has secured an AUD $42 million investment from Arrowroot Capital to accelerate its product and growth strategies. Protecht has been redefining the way the world thinks about risk with the most complete, cutting-edge, and cost-effective SaaS solutions in the GRC market. Based in Sydney, Australia and founded in 1999, the…
TMK Energy completes the acquisition of Telmen Energy Limited
SYDNEY, AUSTRALIA: TMK Energy Limited (ASX: TMK) has completed the acquisition of Telmen Energy Limited and its 100% interest in the Gurvantes XXXV Coal Seam Gas Project. The issue of consideration securities to the shareholders of Telmen consist of: • 1,600,000,000 fully paid ordinary shares; • 600,000,000 Class A Performance Shares; • 600,000,000 Class B…
Halo Food to acquire digital health and wellness business, THM
SYDNEY, AUSTRALIA: Halo Food Co. Limited (ASX: HLF) has signed a binding conditional agreement to acquire The Healthy Mummy Holdings (THM) for $17.0mn plus an earn-out of up to $5.0mn. The Healthy Mummy is a leading digital health and wellness business. Upon completion of the acquisition, the vendors of THM being Whiteoak Pty Limited and…
BioPharma Credit to invest $325mn in Collegium Pharmaceuticals
LONDON, UK: BioPharma Credit (LSE: BPCR) t, through its fully owned subsidiary, together with BioPharma Credit Investments V (Master) LP, has provided Collegium Pharmaceutical Inc. (Nasdaq: COLL) a commitment to enter into a new $650 million senior secured term loan agreement. Proceeds from the new loan will be used to fund Collegium’s proposed acquisition of…
Focus Home Interactive acquires video game developer Leikir Studio
PARIS, FRANCE: Focus Home Interactive announced the acquisition of video game developer Leikir Studio. Based in Paris and made up of around twenty passionate creators, Leikir Studio thus becomes the 5th development studio to integrate with Focus. The Group is also strengthening through the recruitment of four new talents who will come to occupy strategic…
Bramble Energy raises £35mn in Series B investment round
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…