DUBAI, UAE: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has signed an agreement with Marjan – the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a dynamic mixed-use beachfront residential, beach resort and lifestyle destination on Al Marjan Island with stunning views of…
Innovative Eyewear plans IPO in U.S.
LONDON, UK: Tekcapital Plc announced that Innovative Eyewear Inc., a U.S. operating subsidiary of its portfolio company Lucyd Ltd, submitted a draft registration statement on a confidential basis with the U.S. Securities and Exchange Commission, for a proposed initial public offering (IPO) of shares of its common stock in the United States. Tekcapital currently owns…
Byggfakta Group acquires Finland based Forecon
STOCKHOLM, SWEDEN: Byggfakta Group has signed an agreement to acquire 100 per cent of Forecon, a provider of business intelligence to the Finnish construction industry. With the acquisition, Byggfakta Group further broadens its offering in Finland. Forecon, founded in 2013 and headquartered in Tampere, is a Finnish research and expert services company specializing in monitoring…
The Kingfish Company signs strategic retail partnership in Italy
OSLO, NORWAY: The Kingfish Company announced a new partnership with leading European retailer Conad in Italy. In a recent business update for Q3, The Kingfish Company announced record sales, record volumes and an increase of capacity. In parallel and in line with the company’s ongoing ambitions to increase distribution and grow demand for its high-value…
CMA plans probe into music streaming market
LONDON, UK: The Competition and Markets Authority (CMA) has announced its intention to launch a market study into music streaming. Following discussion by the CMA Board, the Competition and Markets Authority (CMA) will now carry out work to consider and develop the final scope of the market study, before formally launching it as soon as…
Ecoslops signs strategic partnership with Mercuria Energy Group
PARIS, FRANCE: Ecoslops has signed an agreement with Mercuria Energy Group, one of the largest global independent energy traders with a presence in 50 countries and more than US$100 billion of revenue. Ecoslops and Mercuria will work jointly on a feasibility study for developing collection and recycling port infrastructure in the Middle East and South…
Augmentum Fintech makes £10 million investment into Zopa
LONDON, UK: Augmentum Fintech plc, the UK’s only publicly listed investment company focussing on the fintech sector, is making a further £10 million investment into digital bank Zopa, as part of Zopa’s latest funding round. Zopa’s £220 million round is being led by SoftBank Vision Fund 2 with participation from Chimera Abu Dhabi, and is…
Alan Linn resigns as CEO of Providence Resources
DUBLIN, IRELAND: Providence Resources announced that Alan Linn, Chief Executive Officer and Director, is stepping down from the Board, and all subsidiary companies with effect from October 18th, 2021. Alan Linn commented: “I have decided to step down from the Board to devote more time to my other business interests. Following the recent strategic decision…
Nu-Oil and Gas intends to float on London Stock Exchange
LONDON, UK: Nu-Oil and Gas plc confirms, further to the announcements of 8 March 2021 and 5 May 2021, its continued intention to acquire Guardian Maritime Ltd and Guardian Barriers IP Ltd (together “Guardian”) and to apply for admission of its Ordinary Shares to the Standard Segment of the Official List and to trading on…
Alinda Capital Infrastructure Investments plans £350 million IPO
LONDON, UK: Alinda Capital Infrastructure Investments Plc announced its intention to launch an initial public offering (IPO) and to admit its shares to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Alinda Capital Infrastructure Investments is seeking to raise £350 million by means of a placing and offer…
Tremor International buys Spearad for $14.7 million
LONDON, UK: Tremor International Ltd., a global leader in Video and Connected TV (‘CTV’) advertising, announced the strategic acquisition of Spearad. Spearad is a global CTV Video ad server and media management platform purpose-built for broadcasters and TV content companies to deliver seamless TV-like experiences in CTV and Over-the-Top (‘OTT’) environments, with the same advanced…
Moneysupermarket.com to acquire Quidco for upto £101 million
LONDON, UK: Moneysupermarket.com Financial Group Limited, a subsidiary of Moneysupermarket.com Group PLC, has agreed to acquire 100% of the issued share capital of Maple Syrup Media Ltd (trading as Quidco), a leading consumer cashback business, a bourse filing noted. The initial consideration is £87m in cash with a further £14m deferred. Quidco is being purchased…