LONDON, UK: In The Style, the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model, announced the appointment of Sam Perkins as Group CEO, with effect from 17 January. Having led the company for the last seven years, including through its successful IPO earlier this year, Adam Frisby, Founder and CEO of the…
Creo Medical Group acquires Aber Electronics Limited
LONDON, UK: Creo Medical Group announced the acquisition of Aber Electronics Limited, a UK based manufacturer and designer of power amplifiers and radio frequency products, for a fixed cash consideration, plus a contingent consideration over three years. Creo Medical is an existing customer of Aber Electronics, using its products within the CROMA Advanced Energy Platform….
Landsec agrees to sell Harbour Exchange for £196.5m
LONDON, UK: Landsec announced the sale of 6-9 Harbour Exchange, London E14 to Blackstone European Property Income Fund (BEPIF) for £196.5m, in a transaction that underlines strong investor demand for high quality income in central London. The sale price reflects a net initial yield of 3.99%. The disposal is in line with Landsec’s strategy set…
Zip Co acquires European BNPL platform Twisto for EUR 73.8mn
SYDNEY, AUSTRALIA: Zip Co Limited has completed the acquisition of a leading BNPL platform in Central Europe. Twisto Payments. Following shareholder approval at Zip’s AGM on Thursday, 4 November 2021, Zip has completed the acquisition of the remaining shares of Central European BNPL provider, Twisto. The acquisition provides Zip with a gateway to one of…
Intertrust N.V. and TMF Group B.V. evaluate merger
Intertrust N.V. and CVC Capital Partners are contemplating a strategic combination of Intertrust and TMF Group B.V., a leading multinational professional services business.
Australian Radio Network to acquire Grant Broadcasters for $307.5mn
SYDNEY, AUSTRALIA: Australian Radio Network Pty Ltd (ARN), a wholly owned subsidiary of HT&E Limited, has entered into an agreement to acquire Grant Broadcasters for consideration of $307.5 million on a cash and debt free basis. This includes the acquisition of the radio and digital operations owned by Grant Broadcasters Pty Ltd, including 43 legal…
Michael Gundy appointed interim CEO & MD of Bisalloy Steel
SYDNEY, AUSTRALIA: Bisalloy Steel Group Limited announced that Mr Michael Gundy (currently Non-Executive Director) will take on the role of Interim CEO & MD when the current CEO & MD Mr Glenn Cooper leaves the organization at the end of December. Mr Gundy has a long career in the steel industry including the leadership of…
Millicom to acquire full control of Tigo Guatemala for $2.2bn
LUXEMBOURG; Millicom has signed an agreement to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala (collectively, “Tigo Guatemala”) from partner for $2.2 billion in cash. The transaction was signed today and is expected to close later today. As a result, Millicom will own a 100% equity interest in Tigo Guatemala….
Hurdles in digital learning due to capacity deficiency
A global report published by Oxford University Press states that limited digital capabilities act as a major problem just like limited access to technology. Around 68% of teachers think less digital access (Internet or physical access to a device) is the biggest obstacle to digital learning.Another major issue is lack of digital skills. According to…
ENGIE and Crédit Agricole acquire 97.33% stake in Eolia Renovables
PARIS, FRANCE: ENGIE and Crédit Agricole Assurances have reached an agreement to acquire a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. The seller is Canadian institutional investment manager, Alberta Investment Management Corporation. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore…
Ørsted and BASF sign a 25-year power purchase agreement in Germany
FRANKFURT, GERMANY: BASF and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 megawatts from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea. The offshore wind farm will have a total installed capacity of 900 megawatts and go into…
Backblaze prices IPO at $16/share to raise $100 million
LONDON, UK: Backblaze Inc., a leading cloud storage platform has priced its initial public offering of 6.25 million shares of its Class A common stock at a price to the public of $16 per share, for gross proceeds to Backblaze of $100 before underwriting discounts, commissions, and offering expenses payable by Backblaze. Backblaze’s Class A…