AUCKLAND, NEW ZEALAND: Genesis Energy Limited is considering making an offer of 6-year fixed-rate unsecured, unsubordinated green bonds (Green Bonds) to institutional investors and New Zealand retail investors. It is expected that full details of the offer will be released on 1 March 2022, when the offer is expected to open. Genesis has a corporate…
Ellington Financial buys additional 49.6% interest in Longbridge for $75mn
OLD GREENWICH: Ellington Financial Inc. (NYSE: EFC) has entered into a definitive agreement to purchase an additional 49.6% ownership interest in Longbridge Financial LLC from Home Point Capital Inc. for approximately $75 million. Following the closing of the transaction, Ellington Financial, which has been an investor in Longbridge since 2014, will hold substantially all of…
Aspen and Marina Hindmarsh Island Fund likely to merge
SYDNEY, AUSTRALIA: Aspen Group and Mill Hill Capital (MHC) have proposed a merger of Marina Hindmarsh Island Fund (MHIF) and Aspen for the benefit of both groups of shareholders MHIF was established in 2017 by MHC – management of the Fund was delegated to Aspen in early 2019 when the MHC executives joined Aspen. MHIF…
Adacel Technologies acquires virtual air traffic control tower
MONTREAL, CANADA: Adacel Technologies Limited, an industry leader in advanced air traffic management solutions and simulation and training systems, announced the acquisition of a virtual air traffic control (ATC) tower for single and multiple aerodrome operations. This acquisition, including the intellectual property, accelerates Adacel’s entrance in the fast-growing market segment of virtual ATC tower solutions,…
Pakistan-based NayaPay raises $13mn in largest seed rounds in South Asia
KARACHI, PAKISTAN: NayaPay, a Pakistan-based fintech platform, has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Valley. Singapore-based Saison…
Cloudflare to acquire Area 1 Security
AMSTERDAM: Cloudflare signed an agreement to acquire Area 1 Security, a cloud-native email security company, and leader in preventing phishing attacks in email, web, and network environments. “Together, we expect to deliver the world’s fastest, most reliable email security solution,” Cloudflare noted. In modern enterprises, email is one of the most-used cloud applications. Unfortunately, email…
Valereum increase interest in Gibraltar Stock Exchange to 90%
LONDON, UK: Valereum, the Gibraltar technology group, and the Global Stock Exchange Group (GSEG) have duly exercised the option to increase Valereum’s interest in the Gibraltar Stock Exchange (GSX) from 80% to 90%, as per the revised agreement announced on 28th January 2022. Additionally, both Valereum and the GSEG have also executed the first stage…
Vodafone to sell partial stake in Indus Towers Limited
LONDON, UK: Vodafone Group holds 757.8 million shares in Indus Towers Limited, equivalent to a 28.1% shareholding, a bourse filing noted. As much as 190.7 million of these shares, equivalent to a 7.1% shareholding, are currently pledged to Indus as part of the security arrangements entered into between Vodafone and Indus at the time of…
Mosman completes gas network construction in East Texas
LONDON, UK: Mosman Oil and Gas Limited (AIM: MSMN) has completed construction of the gas network in East Texas which will allow for the sale of gas from the Winters-2 well (23% Working Interest) and Stanley-4 well (45% Working Interest). The gas network connects several leases, including one operated by Arcadia Operating LLC and will…
Invinity Energy Systems wins LODES funding
LONDON, UK: Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage, has been awarded £708,371 of funding from the Department for Business, Energy & Industrial Strategy (BEIS) under Phase 1 of the Longer Duration Energy Storage (LODES) Demonstration competition. This award will fund a comprehensive planning and feasibility study on what…
Mirriad signs in-content advertising partnership in Canada
LONDON, UK: Mirriad, the leading in-content advertising company, announced a new partnership in the strategically important North American. Mirriad has signed a partnership agreement with Canada’s largest TV and digital media conglomerate. This partnership represents an important milestone for Mirriad in Canada and a first campaign has already launched there in a premiere series. Mirriad’s…
SEEEN signs strategic partnership with media intelligence platform, Kinetiq
LONDON, UK: SEEEN plc (AIM: SEEEN), the media optimisation platform, announced a strategic partnership with Kinetiq, a leading media intelligence platform that enables global customers to measure the effectiveness of their paid, earned and owned media, across thousands of broadcast, CTV and social channels around the world. The companies plan to provide “end-to-end” solutions for…