SYDNEY, AUSTRALIA: OFX Group Limited (ASX: OFX) has completed the acquisition of 100% of Firma Foreign Exchange Corporation (Firma) and most of its subsidiaries. This is pursuant to the agreement announced on 20 December 2021 for OFX to acquire 100% of Firma for a total consideration of C$90m (A$98m). Firma is a global foreign exchange…
Camplify Holdings has bought Mighway and SHAREaCAMPER
SYDNEY, AUSTRALIA: Camplify Holdings Limited (ASX: CHL) has bought Mighway and SHAREaCAMPER from Tourism Holdings Limited (THL). THL received 1,059,162 CHL shares at an agreed shared price of $3.34 per share in the first tranche. The remaining tranche of between 1,147,424 and 2,639,201 CHL shares will be paid in 12 month time. The shares will…
Family Zone to acquire global parental control leader Qustodio for $52mn
SYDNEY, AUSTRALIA: Family Zone has entered into an agreement to acquire 100% of the shares in Qustodio LLC (the US holding company of Qustodio) and its Spanish subsidiaries for US$52 million with 52% payable upfront in a combination of cash, vendor finance and Family Zone shares. The remaining 48% is payable in Family Zone shares…
Norsk Hydro offers to acquire Polish recycler Alumetal for EUR 232mn
OSLO, NORWAY: Norsk Hydro has announced a tender offer for the acquisition of 100% of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange for 68.4 PLN per share in cash, representing an aggregate equity purchase price of approximately 1.066 PLN million (approx. EUR 232 million). The transaction implies an Enterprise…
AstraZeneca setting up R&D centre in Cambridge, Massachusetts
LONDON: AstraZeneca has announced plans to open a new site at the heart of the Cambridge, MA, life sciences and innovation hub. It will be a strategic R&D centre for AstraZeneca, as well as Alexion’s new corporate headquarters. AstraZeneca is working with BXP (NYSE:BXP) on development of the new site. The site will bring together approximately 1,500 R&D, commercial…
Aukett Swanke announces disposal of interest in John R Harris & Partners
LONDON, UK: Aukett Swanke announced the disposal of its interest in John R Harris & Partners Limited, incorporated in Cyprus and operating out of the Middle East, to the local management team for a maximum consideration of AED 5.0 million (approximately £1,074,000). The consideration is to be settled by AED 4.25 million (approximately £913,000) in…
Rotala plc acquires Johnsons Henley’s entire bus service business and fleet
LONDON, UK: Rotala plc (AIM: ROL) announced the acquisition from Johnsons (Henley) Limited of its entire bus business and 20-strong fleet, for a cash consideration of £936,000 payable on completion. The business being acquired is a well-established operator of commercial and contracted bus services in Warwickshire and the southern West Midlands. The acquisition is expected…
Stealth Global acquires United Tools Albany WA Store Operation
SYDNEY, AUSTRALIA: Stealth Global Holdings Ltd (ASX: SGI) has agreed to acquire the business assets of United Tools Albany, Western Australia, store operation (UTA) for $0.46 million in cash, expanding its Western Australian ‘company-owned’ footprint and strengthening its market position. Operating as a bannered United Tools store, UTA is a business-to-business (b2b) and business-to- consumer…
SciDev Limited CEO & MD Lewis Utting resigns
SYDNEY, AUSTRALIA: SciDev Limited (ASX: SDV) announced the resignation of Lewis Utting, the company’s CEO and Managing Director, after 3 years in the role. Sean Halpin, currently the Commercial Director of Water Services for SciDev, has been appointed as the interim CEO while a search is completed for the new CEO. SciDev Chairman Vaughan Busby…
Scatec refinances six power plants in Egypt with a Green Project Bond
OSLO, NORWAY: Scatec, a leading renewable energy solutions provider, and its partners have refinanced the non-recourse project debt for six solar power plants in Egypt, with a total capacity of 380 megawatts (MW), through the issuance of a 19-year USD 334.5 million non-recourse Green Project Bond. The refinancing will provide increased leverage, extended tenor, and…
VK Company to acquire Yandex News and Yandex Zen
LONDON, UK: VK Company Limited has reached an agreement in principle with Yandex around the main terms of the deal to acquire Yandex’s news aggregation platform and infotainment service Zen. While the parties have come to an agreement in principle on a transaction, they are continuing to discuss certain technical details, which will be announced…
Getting Ready Your Business Loans for Your Startup
Having access to capital is critical for the growth of any business. It applies to new startups and established ventures too. There are many ways of getting the needed funds for growth and availing a small business loan is one of them. Traditional and alternative lenders offer small business loans. Traditional lenders are rigid and…