LONDON, UK: Harworth Group, a leading regenerator of land and property for sustainable development and investment, has conditionally exchanged contracts for the sale of its Kellingley development site in Selby, North Yorkshire, to HPREF I Konect Investments SARL, for a consideration of £54.0 million, payable in cash upon completion. The transaction will only complete if…
discoverIE Group sells Acal BFi for £50 million
LONDON, UK: discoverIE Group announced the sale of Acal BFi, the Group’s electronic component distribution business for £50 million, a bourse filing said on Tuesday. The company has agreed to sell Acal BFi to H2 Equity Partners, for a total cash consideration of £50m, on a debt free, cash free basis, comprising an upfront payment…
Ideagen acquires CompliSpace for up to AUD 110 million
LONDON, UK: Ideagen PLC announced the acquisition of Compliance Technology Holdings (CompliSpace) for an upfront consideration of AUD $105 million (c. £57.7 million) plus a deferred conditional earnout payment of up to AUD $5 million (c. £2.7 million). Founded in 2007, CompliSpace is a fast-growing provider of SaaS-enabled governance, risk and compliance (GRC) management solutions…
Inmarsat agrees on business merger with Viasat
LONDON, UK: The Apax IX Fund, in which AGA is a limited partner, has agreed to an offer from Viasat for the entire ordinary share capital of Inmarsat, a leading provider of global mobile satellite communications services. The Apax IX Fund alongside consortium members Warburg Pincus LLC, Canada Pension Plan Investment Board, and Ontario Teachers’…
Carrefour aims to triple its e-commerce GMV to €10bn by 2026
PARIS, FRANCE: Carrefour aims to triple its e-commerce GMV (Gross Merchandise Value) by 2026, to reach €10 billion, a news release said on Tuesday. Carrefour also expects that digital will contribute an additional €600 million to recurring operating income (ROI) in 2026 vs 2021. To this end, Carrefour will increase by around 50% its investments in digital, with a €3bn dedicated plan between 2022 and 2026. As…
Tomra Systems sells 49% stake in UltrePET for $11mn
OSLO, NORWAY: Tomra Systems has entered into an agreement for the sale of its 49 % stake in UltrePET LLC to Evergreen Recycling LLC. The sales price of $11 million is expected to generate a gain of $5 million and will be reported as “profit from associates” in 4th quarter of 2021. UltrePET is a…
Reuben Segal appointed new CEO of AqualisBraemar LOC ASA
OSLO, NORWAY: David Wells, CEO of AqualisBraemar LOC ASA, has announced that he wishes to retire at year-end and step down as CEO of the group. The board of directors has appointed Wells’ co-founder and current COO of AqualisBraemar LOC, Reuben Segal, as new CEO. The CEO change takes effect from 1 January 2022. Further,…
NHOA Group announces €140 million rights issue to support growth
PARIS, FRANCE: NHOA Group (formerly Engie EPS) announced the launch and the terms of its capital increase with shareholders’ preferential subscription rights for a gross amount of up to €140 million. Carlalberto Guglielminotti, CEO of NHOA Group commented: “This capital increase is a natural step to support NHOA’s strong growth in all three of our…
Kelly+Partners buys Penrith based accounting firm for $4.5mn
SYDNEY, AUSTRALIA: Kelly Partners Group Holdings Limited (KPG) has exchanged agreements to tuck-in an accounting firm located in Penrith,NSW for upto $4.5 million. Moreover, two existing partners of the acquired business will acquire a 20%equity interest in the combined business. Founder and CEO of Kelly+Partners, Brett Kelly said, “The acquisition confirms the attractiveness of the…
Simon McGrath appointed CEO of Crown Sydney
MELBOURNE, AUSTRALIA: Crown Resorts Limited announced today the appointment of Simon McGrath AM as Chief Executive Officer (CEO) of Crown Sydney and Group Head of Hospitality. Mr McGrath is expected to commence employment with Crown Sydney on 1 February 2022 and will report to Mr Steve McCann, the Crown Chief Executive Officer and Managing Director.…
Vicinity Centres sells 50% stake in Runaway Bay Center
SYDNEY, AUSTRALIA: Vicinity Centres has exchanged contracts to sell its 50% interest inRunaway Bay Centre in Queensland for $132 million, an 18% premium to 30 June 2021 book value. Buyer is Perth-based Greenpool Capital in partnership with Qualitas. The Runaway Bay sale is expected to settle by 30 June 2022. Vicinity also announced that its…
ITC & Alibaba partner to support digital trade in developing countries
SHANGHAI, CHINA: International Trade Centre (ITC) and Alibaba.com have partnered to launch the “Global Digital Trade Accelerator for MSMEs in Developing Countries” initiative during the ongoing 2021 China International Import Expo (CIIE) in Shanghai, China. Together, the parties will help Micro, Small and Medium Businesses (MSMEs) enhance their international export competitiveness and contribute to sustainable…