SYDNEY, AUSTRALIA: Nitro Software Limited (ASX: NTO) has confirmed the completion of the Connective NV acquisition for an enterprise value of €70 million (~US$81 million). The acquisition and funded by the recent A$140 million (~US$105 million) capital raising. The capital raising also provided the company with additional liquidity, with pro forma cash of US$45 million…
AMP to delist from the NZX Main Board
AUCKLAND: AMP Limited announceD it will move to a sole listing on the Australian Securities Exchange (ASX) in February 2022 and accordingly delist from the New Zealand Exchange (NZX) Main Board. The delisting will support the simplification of AMP’s shareholder administration ahead of the planned demerger of its Private Markets business in the first half…
International Finance Corporation acquires 25% stake in Tabreed India
ABU DHABI, UAE: National Central Cooling Company (Tabreed) has finalised a significant strategic partnership with the International Finance Corporation (IFC), under which ownership of Tabreed India, currently a wholly owned subsidiary of Tabreed, being transferred to a new holding company established in Singapore to be jointly owned by Tabreed (75%) and IFC (25%). International Finance…
AS Equity Partners to acquire Swiss Post Solutions
LONDON, UNITED KINGDOM: AS Equity Partners entered into a definitive agreement with Swiss Post to acquire Swiss Post Solutions (SPS), a leading provider of business process outsourcing solutions and innovative document management services. The transaction is expected to close shortly after signing subject to customary closing conditions. “We believe SPS has huge potential in international…
Packages, IGI and Gohar Group to buy Sanofi stake in Pakistan business
KARACHI: Packages Limited, a Lahore based multinational packaging company, has joined an investor consortium to evaluate a potential purchase of 52.87 per cent shares held by Sanofi Foreign Participations B.V. in sanofi-aventis Pakistan. The consortium comprises of Packages Limited, IGI Investments (Private Limited), and affiliates of Arshad Ali Gohar Group. According to a bourse filing by Packages…
Unibail-Rodamco-Westfield to sell Solna Centrum SEK 2.8bn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement for the sale of Solna Centrum, in Stockholm, for an agreed total acquisition cost of SEK 2.8 billion (c. €272 Mn), which represents a premium to the last appraised value. The purchaser is Alecta Fastigheter, a wholly owned subsidiary of the major Swedish pension fund Alecta, and the transaction…
Alexander Woxen appointed CEO of Huddly AS
OSLO, NORWAY: Alexander Woxen has been appointed CEO of Huddly AS and will start in his new position on February 1, 2022. Alexander Woxen will work alongside Co-founder Stein Ove Eriksen and Chairman Graham Williams to accelerate the scaling of the company and drive value creation. With increased capacity and focus, Eriksen will continue working…
Chill Brands partners with U.S. Major Arena Soccer League
LONDON, UK: Chill Brands, the international consumer packaged goods company, has partnered with the U.S. Major Arena Soccer League (MASL), to offer the Company’s CBD products to the league and member teams. The partners will also create the Chill Athlete’s Lab which is designed to explore and implement the use of CBD to help athletes…
Marlowe has acquired Skill Boosters for £8.0mn
LONDON, UK: Marlowe plc has acquired Skill Boosters, incorporated as Inclusive Learning Limited (Skill Boosters), a leading equality, diversity and inclusion eLearning provider, for an initial consideration of £5.5m with a growth-based contingent consideration expected to be c.£2.5m. Skill Boosters, established in 1999, is based in Kent and provides equality, diversity, workplace behaviour and compliance…
NetScientific acquires 75% stake in Cetromed Limited
LONDON, UK: NetScientific plc (LON: NSCI) has acquired 75% of the issued share capital of Cetromed Limited, a life sciences holding company with several portfolio companies spun out of the University of Leuven, Belgium. The acquisition of the majority stake in Cetromed will result in further internationalisation of NetScientific’s portfolio and exposure to a key…
Rolls-Royce, Qatar Investment Authority agree to invest in nuclear power business
LONDON, UK: Rolls-Royce Group has reached agreement with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest GBP 85 million in Rolls-Royce SMR Limited (Rolls-Royce SMR). Rolls-Royce SMR is building a new technology solution to deliver affordable, low carbon, nuclear power. A single power station will occupy around one…
Sopheon has acquired business and assets of ROI Blueprints
LONDON, UK: Sopheon Plc has acquired the business and assets of ROI Blueprints LLC (ROIB), a cloud-based solution focused on detailed enterprise planning and execution. The Group is also providing a trading update for the current year ending 31 December 2021. The transaction is structured as an asset purchase. Initial consideration of US$1.5m is payable…