LAHORE, PAKISTAN: Coworking space startup, Colabs, has secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. Colabs co-founder and CEO Omar Shah, a former investment banker, told TechCrunch, ‘We realized that people setting up operations in Pakistan need other services; they need help to set up companies,…
Anglo American completes sale of remaining shareholding in Thungela Resources
LONDON, UK: Anglo American plc has announced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a…
AQRU plc forms partnership with Maple Finance
LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (DeFi), has entered into a partnership with Maple Finance, an institutional lending platform in the DeFi sector, to offer AQRU customers access to enhanced yields in decentralised finance. Maple Finance facilitates uncollateralised and partially collateralised loans to leading cryptocurrency institutions that wish to…
Brookfield’s Bidco to acquire Irish Hibernia REIT for €1.089bn
LONDON, UK: Benedict Real Estate Bidco Limited, a subsidiary of one of Brookfield’s real estate private funds, has agreed to acquire entire share capital Hibernia REIT plc at the rate of €1.634 for each Hibernia REIT share. The acquisition values the entire issued and to be issued share capital of Hibernia REIT at approximately €1.089…
Aquila to acquire 100 MWp solar PV portfolio in Spain
LONDON, UK: Aquila European Renewables Income Fund plc (AERIF), advised by Aquila Capital Investmentgesellschaft mbH, announced that its wholly owned subsidiary has entered into a sale and purchase agreement to acquire 100% of a 100 MWp solar PV portfolio (Greco) currently under construction in Spain. The Greco portfolio consists of two assets which are located…
Allfunds Group negotiating potential acquisition of Web Financial Group
AMSTERDAM: Allfunds Group is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement. No binding agreement has yet been reached. Allfunds is in the process of completing its confirmatory due diligence and negotiating the final terms of the transaction, including the purchase price of approximately €150 million….
VVV Resources to acquire Anthony Vartkes Resources
LONDON, UK: VVV Resources Limited (AQSE: VVV) has signed a conditional Share Purchase Agreement with CASS FZE, and Stella Investments Limited to acquire 100% of the entire issued share capital of Anthony Vartkes Resources Limited (AVRL), a BVI-registered company. On completion of the Share Purchase Agreement, VVV Resources, will hold a 100% interest in the…
iomart Group announces partnership with e2e-assure
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing and managed services company, announced a new partnership with e2e-assure, the cyber security specialists. The agreement combines iomart’s cloud infrastructure expertise with an independent, state of the art cyber defences team to provide security operations centre (SOC) and proactive response service to the UK market….
HydrogenOne Capital and Safran jointly invest in UK passenger flight innovator Cranfield Aerospace
PARIS, FRANCE: HydrogenOne Capital Growth plc and Safran Corporate Ventures have signed definitive agreements for a common investment in Cranfield Aerospace Solutions Ltd (CAeS) as part of a more than £10m funding round. HGEN is investing a total of £7m in this funding round. With this purchase of a minority equity stake, each company has…
Kyoto Group acquires Mercury Energy in Spain
OSLO, NORWAY: Kyoto Group AS announced the acquisition of Mercury Energy S.L. from Andrés Barros Borrero, who is also the owner of RPOW Consulting. Mercury Energy will become a subsidiary of Kyoto and a new business unit named Kyoto Technology Spain S.L. The share purchase agreement with Andrés Barros Borrero was signed on 23 March…
Alpha Growth’ subsidiary acquires Guernsey based life insurance company
LONDON, UK: Alpha Growth Plc (LSE: ALGW) announced that its Bermuda subsidiary has signed a share purchase agreement to acquire a Guernsey based life insurance company. This transaction advances Alpha’s acquisition strategy of consolidating life insurance companies and represents a significant step towards achieving Alpha Growth’s goal of managing over $2bn of assets by 2025….
Vulcan Industries acquires sheet metal fabrication company, Aftech
LONDON, UK: Vulcan Industries plc (AQSE: VULC) has acquired the entire share capital of Aftech Ltd and its dormant parent company from Unity Global – FZCO. Aftech is a sheet metal fabrication company specialising in laser cutting, bending and forming. Aftech complements the existing fabrication businesses within the Group by introducing additional capacity, capabilities and…