LONDON, UK: Capita plc has agreed to sell its speciality insurance businesses to Marco Capital Holdings (UK) Limited for an undisclosed sum. The sale comprises two businesses: Capita Commercial Insurance Services Limited (CCIS); and Capita Managing Agency Limited (CMA). CCIS provides outsourced business processes for the insurance industry across areas including underwriting support, claims and…
VH Global completes £30m acquisition of first UK flexible power project
LONDON, UK: VH Global Sustainable Energy Opportunities plc – a London-listed investment company advised by Victory Hill Capital Advisors LLP – announced the completion of its acquisition of the first £30m tranche out of its total £78m commitment to fund innovative net zero flexible power generation projects in the UK.The initial tranche will fund the…
Olivier Mussat appointed CEO of Atome Energy
LONDON, UK: Atome Energy, the green hydrogen and ammonia production company due to join the London Stock Market later this year, announced the appointment of Olivier Mussat as its Chief Executive Officer with effect from 1 November 2021. Olivier Mussat has joined ATOME straight from his role as the Chief Investment Officer for Global Energy…
Savannah Energy commences first gas sales to FIPL Afam
LONDON, UK: Savannah Energy announced that its Accugas subsidiary has commenced gas sales to First Independent Power Limited’s (FIPL) power plant, FIPL Afam, in Nigeria. As announced in early 2020, Savannah signed a gas sales agreement with FIPL Afam marking, at that time, Savannah’s first new gas sales agreement in five years. FIPL is an…
Phenna Group buys James Fisher Testing Services for £5.7 million
LONDON, UK: James Fisher and Sons, the leading marine services provider, announces the sale of James Fisher Testing Services (JFTS) from its Marine Support division for £5.7 million to Phenna Group. James Fisher Testing Services (JFTS) operates a number of materials testing laboratories based in Warrington, Harlow and Portlaise, Ireland, in addition to maintaining a…
SatoshiPay’s Pendulum raises $5 million
LONDON, UK: SatoshiPay has announced that Pendulum, its smart contract network dedicated to connecting fiat payment networks to decentralised finance (DeFi) networks, has raised $5 million in an oversubscribed private sale round of its upcoming PEN token from strategic partners. The funds raised will be used to continue the development of Pendulum. Pendulum is an open-source…
Waqar Siddiqui appointed CE & MD of Shell Pakistan
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…