KARACHI, PAKISTAN: Waqar Siddiqui has been appointed as the Chief Executive & Managing Director of Shell Pakistan Limited (SPL) with effect from November 01, 2021, a statement said. Waqar joined SPL in 2001 and has since held several roles locally and internationally at senior leadership positions. In his 24 years of oil downstream experience, he…
Unibail-Rodamco-Westfield partners AXA IM to develop Triangle Tower in Paris
AMSTERDAM: Unibail-Rodamco-Westfield (URW) signed a co-investment partnership with AXA IM Alts, for the Triangle Tower, a major new development in Paris. Designed by Jacques Herzog and Pierre de Meuron, winners of the prestigious Pritzker Prize, the Triangle Tower creates a significant, lively urban space for Parisians, linking to the city of Issy-les-Moulineaux, and contributing to…
Claranova buys all minority interests in Avanquest for €99.9mn
PARIS, FRANCE: Claranova announced the completion of the buyout of all minority interests in Avanquest, its software publishing division, as announced on August 11, for a total consideration of €99.9 million, including a purchase price adjustment of €1.5 million based on Avanquest’s cash position. On this basis, the total value of the division’s shares amounted…
AstraZeneca to transfer global rights for Eklira and Duaklir to Covis Pharma
LONDON, UK: AstraZeneca has agreed to transfer its global rights to Eklira (aclidinium bromide), known as Tudorza in the US, and Duaklir (aclidinium bromide/formoterol) to Covis Pharma Group (Covis Pharma). Both medicines are delivered via the Genuair device and used for the treatment of patients with chronic obstructive pulmonary disease (COPD). The agreement will ensure continued patient access to these established medicines. Covis…
Apax Funds to acquire HSG
LONDON, UK: Apax X Fund signed a definitive agreement to acquire American Water Works Company’s Homeowner Services Group (HSG), a leading provider of various warranty protection programs and other home services. The transaction is expected to close in Q4 2021, subject to customary closing conditions. Homeowner Services Group’s customer facing brands include American Water Resources…
Nanosynth Group returns control of Cloudveil to its founder
LONDON, UK: The Board of Nanosynth Group announces that it has agreed to return control of Cloudveil Limited, a wholly owned subsidiary of the company, to Cloudveil’s founder, Antony Hugo Gillum-Webb, by transferring the Company’s shares in Cloudveil to the Founder for nominal consideration, effective immediately. The Disposal is in line with the Board’s strategy…
Norman Broadbent appoints Sean Buchan as Group Managing Director
LONDON, UK: Norman Broadbent announced the appointment of Sean Buchan as Group Managing Director, reporting to Kevin Davidson, CEO. Sean has 20 years of progressive experience in executive search in the UK and internationally. He will assume responsibility for operational leadership; driving performance and profitability improvements across the business, as well as continuing to personally…
Knights Group acquires Archers Law LLP for £5.2 million
LONDON, UK: Knights Group, one of the UK’s fastest growing legal and professional services businesses, has agreed to acquire Archers Law LLP, a leading independent law firm based in Stockton-on-Tees. Established in 1860, Archers is one of the leading full-service independent law firms operating in the Teesside area. The acquisition sees 38 fee earners joining…
Mitie Group acquires Rock Power Connections for up to £14.5m
LONDON, UK: Mitie Group has acquired Rock Power Connections Limited (Rock), a leading Independent Connections Provider (ICP). Rock has nationwide coverage and specialises in the design and installation of new high voltage electricity supplies, the renewal of industrial and commercial customers’ electrical assets up to 132kV, and the EV charging installation for non-residential blue-chip customers….
Allied Minds disposed of Spark Insights Inc
LONDON, UK: Allied Minds plc, the IP commercialisation company focused on early stage company development within the technology sector, has disposed of portfolio company Spark Insights Inc. to Concirrus, a private UK-based insurance technology company. The disposal is valued at $700,000 USD and will be paid in Concirrus stock. Spark Insights is an advanced analytics…
Ascential plc notifies acquisition of 4K Miles
LONDON, UK: Ascential plc has agreed for the acquisition of 4K Miles, a leading digital commerce advertising, execution and marketplace insights business serving challenger Chinese brands trading on Amazon globally. The deal is expected to close in December. Through its software-based offering, 4K Miles provides advertising execution, sales data analytics and inventory tracking to over…
Sievi Capital increases holding in KH-Koneet Group to 90.5%
HELSINKI, FINLAND: Sievi Capital Plc increased its holding in KH-Koneet Group Oy in a transaction signed and completed on 1 November 2021. Following the transaction, Sievi Capital’s holding in KH-Koneet Group increases from approximately 66.4% to approximately 90.5%. The sellers were four minority shareholders of KH-Koneet Group, who all will continue as shareholders also after…