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…
BillerudKorsnäs divests the Beetham mill
STOCKHOLM, SWEDEN: BillerudKorsnäs has agreed with the British investment firm Inspirit regarding the divestment of the Beetham mill. The purchase price corresponds to an equity value of around SEK 30 million. “The strategic importance of the Beetham mill for the rest of the group has been reduced since the investments in machine glazed (MG) paper…
Wolters Kluwer acquires LicenseLogix
AMSTERDAM: Wolters Kluwer Governance, Risk & Compliance (GRC) has acquired LicenseLogix LLC, a provider of U.S. business licensing services. LicenseLogix is a premier provider of comprehensive business license services, including research, filing and ongoing compliance management. The company has been a strategic partner of GRC’s CT Corporation for over five years and today serves more than 800 corporate customers of all…
Philip Kearns appointed CEO of AVJennings Limited
SYDNEY, AUSTRALIA: Chairman of AVJennings Limited Simon Cheong announced the appointment of Philip Kearns AM to be the Company’s new Chief Executive Officer to take over from Peter Summers, who is retiring on 31 March 2022 as announced on 6 September 2021. Philip Kearns will transition into the role from 10 January 2022. Philip Kearns…
Tower Limited acquires remaining shares in National Pacific Insurance
AUCKLAND, NEW ZEALAND: In October, Tower Limited purchased an additional 22% stake in National Pacific Insurance from its second largest shareholder for approximately $3.4m, bringing Tower’s total shareholding to over 93%. Following this acquisition, Tower will seek to purchase the remaining shares from minority shareholders, via a compulsory acquisition as allowed under NPI’s governing documents and…
Auckland Airport considers retail bond offer
AUCKLAND, NEW ZEALAND: Auckland International Airport Limited is considering an offer of fixed rate bonds maturing in November 2026 to New Zealand retail investors and to institutional investors. Any such offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as Auckland Airport’s…
Geyser Limited Partnership to acquire ArborGen ANZ for NZ$22.25 million
AUCKLAND, NEW ZEALAND: ArborGen Holdings Limited has entered into an agreement to sell ArborGen ANZ for NZ$22.25 million to Geyser Limited Partnership, a bourse filing said. The transaction has arisen as a result of the strategic review being undertaken by the Company. The Company engaged PwC to assist with the strategic review. ArborGen ANZ is…
Pakistan Stock Exchange reverts back to old trading system
KARACHI, PAKISTAN: Pakistan Stock Exchange (PSX) had implemented the new trading system (NTS), which was procured from the Shenzhen Stock Exchange (SZSE), China, and went live on Monday, October 25, 2021. Given several glitches, PSX, in consultation with brokers and regulator, is reverting to the previous system (KATS) as a short term measure to provide…
GFH Financial acquires high-rise in Baltimore for $90 million
MANAMA, BAHRAIN: GFH Financial Group has expanded its US multifamily residential portfolio after acquiring a third asset, a luxury high-rise in Baltimore, Maryland, for an estimated $90 million. The acquisition diversifies GFH’s US assets and comes amid increasing demand for US multifamily residential properties among renters. GFH acquired the 17-story property in Baltimore in a…