MANAMA: GFH Financial Group announced the successful and early exit from its US Tech Offices Portfolio, which was acquired in 2019. The portfolio comprises a Class A Life Science office asset in Research Triangle Park, North Carolina, the largest scientific research and development park in the country. The asset, which holds a prime position in…
Mutares SE acquires Allianceplus
MUNICH: Mutares SE & Co. has signed an agreement to acquire Allianceplus AB from Allianceplus Holding A/S, ultimately owned by Polaris Private Equity. The company will strengthen the Goods & Services segment as a new platform investment with multiple add-on opportunities in the Nordics and Mainland Europe. The transaction is expected to close in Q4…
Tinkoff Group appoints Oliver Hughes and Pavel Fedorov as Co-CEOs
LIMASSOL, CYPRUS: TCS Group Holding (Tinkoff Group), the provider of online financial and lifestyle services via its Tinkoff SuperApp, announces the appointment of Oliver Hughes and Pavel Fedorov as co-CEOs of Tinkoff Group. The announcement came in light of the continued rapid growth of its Russian business, the launch of multiple new business lines and…
Sanofi to invest up to $60 million in Gyroscope Therapeutics
LONDON, UK: Sanofi, a global biopharmaceutical company, has committed to invest up to $60 million in equity of Gyroscope Therapeutics Holdings. Gyroscope plans to use proceeds from this investment to support funding of ongoing clinical trials of GT005 in GA. GT005 has been granted Fast Track designation by the U.S. Food and Drug Administration and…
nib holdings to acquire Kiwi Insurance for $43mn
SYDNEY, AUSTRALIA: nib holdings limited announced its New Zealand subsidiary, nib nz holdings ltd (nib NZ) has agreed to purchase 100% of the shares in Kiwi Insurance Limited (a wholly owned subsidiary of Kiwi Group Holdings Limited), for a total consideration of approximately $43 million (NZ$45 million). The acquisition is subject to receipt of regulatory…
Seraphim Space invests $25 million into HawkEye 360
LONDON, UK: Seraphim Space Investment Trust, the world’s first listed fund focused on SpaceTech, has made a new $25 million investment into HawkEye 360 Inc. the world’s leading commercial provider of space-based radio frequency (RF) data and analytics. This takes Seraphim Space’s portfolio of assets to a total of 20 SpaceTech companies. Since its IPO…
Blackstone Life Science to invest $250m in Autolus
LONDON, UK: Syncona Ltd, a leading healthcare company, announced that Blackstone Life Sciences has entered into a strategic collaboration and financing agreement with Syncona portfolio company Autolus Therapeutics. The key terms of the financing agreement are set out below: · $250 million transaction: $100 million immediate equity investment and up to $150 million in product…
Edda Wind plans NOK 875 million IPO on Oslo Stock Exchange
HAUGESUND, NORWAY: Edda Wind ASA announced intention to launch an offering of shares in the Company (IPO) and to apply for a listing on the Oslo Stock Exchange. The IPO will comprise an offering of new shares in the Company, expected to raise gross proceeds of NOK 875 million. The IPO will support the Company’s…
Tikehau Capital appoints John Fraser as Partner and Chairman of Global Structured Credit Strategies
PARIS, FRANCE: Tikehau Capital announced the appointment of John Fraser as Chairman of its Global Structured Credit strategies, based in New York. This appointment reinforces the firm’s commitment to its CLO business and supports Tikehau Capital’s expansion into the US market. Since the creation of its CLO business in 2014, Tikehau Capital has a proven…
HICL buys 33.3% stake in Road Management Group for £34.4mn
LONDON, UK: HICL Infrastructure Plc has acquired, indirectly, a 33.3% interest in Road Management Group (RMG), a holding company which comprises two UK shadow toll roads: the A417/A419 Swindon-Gloucester and the A1 (M) Alconbury-Peterborough. The interest was acquired from Abertis Infraestructuras S.A. for a combined consideration of up to £34.4 million. This investment will be…
Rolls-Royce sells I&C business to Framatome
LONDON, UK: Rolls-Royce announced the completion of the sale of civil nuclear instrumentation & control (I&C) business to Framatome. The completion of the transaction, which was first announced on 7 December 2020, follows recent clearance from the relevant regulatory authorities. The proceeds received by Rolls-Royce contribute towards the target to generate at least £2bn from…
Recycling Technologies announces £40 million IPO
LONDON, UK: Recycling Technologies announced its intention to proceed with an initial public offering (IPO) to raise gross proceeds of up to £40 million on the AIM market of the London Stock Exchange. Recycling Technologies expects Admission to occur in December 2021. Recycling Technologies Limited is a UK-based engineering, research and manufacturing company that has…