SYDNEY, AUSTRALIA: dusk Group , an Australian specialty retailer of home fragrance products, has agreed to acquire 100% of Eroma Group for an Enterprise Value of $28 million. Consideration comprises $15m in cash and a $13m placement of ordinary shares in dusk, issued to all Eroma shareholders, includingShane McGrath, majority (55%) shareholder and Eroma CEO/founder….
Sonic Healthcare acquires ProPath, a Texas based AP company
SYDNEY, AUSTRALIA: Sonic Healthcare (ASX: SHL) has acquired 100% of ProPath, a Texas based anatomical pathology (AP) company. ProPath’s annual revenue is ~US$110 million, and with its ~50 pathologists, serves over 1,000 physicians and more than 20 hospital groups across 45 States. ProPath was established as an AP practice in 1966. Growth has largely been…
IAG and Globalia terminate Air Europa acquisition agreement
LONDON, UK: International Airlines Group (IAG) and Globalia have terminated the agreement signed on 4 November 2019 and amended on 20 January 2021, under which IAG’s subsidiary, Iberia, had agreed to acquire the entire issued share capital of Air Europa. IAG has also reached an understanding with Globalia to evaluate, before the end of January…
JTC acquires New York based Essential Fund Services
LONDON, UK: JTC Plc, the global professional services business, announced the acquisition of New York based Essential Fund Services (EFS). Essential Fund Services (EFS) was co-founded in 2009 by the present Managing Member and sole owner, Gerard M. Federici, who is a highly respected financial services professional with over 25 years’ industry experience. Essential Fund…
INPP announces acquisition of Danish investments
LONDON, UK: International Public Partnerships Limited (INPP) has acquired an interest in a portfolio of four Danish public-private partnerships (PPP) projects delivering availability-based, long-term, predictable cash flows. The company holds a majority interest in the portfolio, which was acquired at a cost of c.£14 million. This acquisition marks the Company’s first investment in Denmark and,…
AqualisBraemar takes 100 percent stake in Innosea
OSLO, NORWAY: AqualisBraemar LOC Group has acquired the remaining 29 percent stake in Innosea – a leading engineering, design and R&D consulting firm specialising in marine renewables – increasing its total shareholding to 100 percent. “We are delighted to take full ownership of Innosea. The company is rapidly growing and has proven to be a…
Ascential plc sells MediaLink to UTA for $125 million
LONDON, UK: Ascential plc (LON: ASCL.L) has sold MediaLink, a brand within its Marketing business unit, to United Talent Agency (UTA), a leading global talent, entertainment and sports company, for $125 million in cash. Ascential plc is the specialist information, analytics and eCommerce optimisation company. The sale is consistent with the Group’s long-term strategy. It…
Bloomsbury Publishing acquires ABC-CLIO for 22.9 million
LONDON, UK: Bloomsbury Publishing Plc (LON: BMY) has completed the purchase of the members’ interests of ABC-CLIO LLC. The consideration is $22.9 million (£17.3 million), of which $22.3 million (£16.8 million) has been satisfied in cash on completion and up to $0.6 million (£0.5 million) will be satisfied in cash post completion. ABC-CLIO is an…
Totally plc acquires Energy Fit-Pro
LONDON, UK: Totally plc has acquired the entire issued share capital of Energy Fitness Professionals Limited (Energy Fit-Pro), a corporate fitness provider. The total consideration payable for the Acquisition is up to £1.3 million in cash paid on a cash free and debt free basis, with a normalised level of working capital. Energy Fit-Pro works…
Steven Owen appointed Chairman of Palace Capital board
LONDON, UK: Palace Capital announced the appointment of Steven Owen as Chairman of its board of directors, with effect from 1 January 2022. Steven is the Non-Executive Chairman of FTSE 250 property investment group Primary Health Properties plc (“PHP”) having been appointed Chairman in April 2018. He was appointed to the Board as an independent…
BICO Group to acquire Biosero Inc. in a $165mn deal
GOTHENBURG, SWEDEN: BICO Group AB has entered into an agreement with the shareholders of Biosero Inc. to acquire all outstanding shares to an enterprise value of $165 million. Approximately 63 percent of the purchase price will be paid in cash, 21 percent by issuance of the Considerations Shares, and approximately 16 percent will be paid…
Helexia to provide 27MW electricity to Vivo cell phone network
PARIS, FRANCE: Helexia, a subsidiary of Voltalia, has won an additional 27 megawatts of photovoltaic capacity for the Vivo cell phone network, a Telefonica brand. Helexia is a distributed-generation and energy-efficiency specialist. Following the August 31 launch of the construction of 17 solar photovoltaic (PV) units to power the facilities of Vivo, a subsidiary of…