MELBOURNE, AUSTRALIA: Neuren Pharmaceuticals reported the successful completion of its Share Purchase Plan (SPP) at $2.05 per share, which closed on Friday 1 October 2021. The SPP was offered to give all shareholders in Australia and New Zealand the opportunity to subscribe for additional shares at the same price as was offered to institutional and…
Symphony International makes investment in House of Kieraya
LONDON, UK: Symphony International Holdings Limited announced an investment in House of Kieraya (HoK), a pan-India online furniture and lifestyle brand. The funding round, led by Symphony, included investments from Signet family office and The Parekh family office of Nilkamal. The investment by Symphony amounted to less than 5% of its NAV. The umbrella brand,…
Hibernia sells One and Two Dockland Central for €152.3mn
LONDON, UK: Hibernia REIT plc announced the exchange of contracts and simultaneous completion of the sale of One and Two Dockland Central to Commerz Real AG for its open-ended real estate fund, hausInvest, for €152.3m. The price is marginally ahead of the March 2021 book value and reflects a net initial yield of circa 4.75%…
Apax Funds to acquire Eating Recovery Center
LONDON, UK: On 5 October 2021, Apax X Fund had signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center (ERC), a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. The transaction is expected to close in Q4 2021,…
Xaar to sell its stake in Xaar 3D to Stratasys for $33.8mn
LONDON, UK: Xaar PLC, the leading inkjet printing technology group, has conditionally agreed terms with Stratasys Solutions Limited to sell Xaar’s interest in Xaar 3D to Stratasys. Stratasys Solutions Limited is a partner of Xaar Plc in 3D printing business. Whilst Xaar 3D has continued to make progress this year there have been delays to…
Mobile operator Elisa to sell Spacetalk in Finland
SYDNEY, AUSTRALIA: Spacetalk Ltd. announced that the Elisa Corporation will range Spacetalk Adventurer across its Finland retail stores and online channels. Elisa is a Finnish market leader in telecommunications, digital services and technologies, providing sustainable solutions for over 2.8 million customers in Finland, Estonia and internationally. Elisa is the first telecom operator in the world…
Stonepeak to acquire Teekay LNG in a $6.2 billion deal
HAMILTON, BERMUDA: Teekay LNG Partners L.P. and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that they have entered into an agreement and plan of merger. Under the Merger Agreement, investment vehicles managed by Stonepeak will acquire (a) all the issued and outstanding common units representing limited partner units in…
Rexel buying electrical products distributor, Mayer, for $456mn
PARIS, FRANCE: Rexel has reached agreement to acquire Mayer Electric, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the world’s leading market for electrical products and services supplies. Headquartered in Birmingham, Alabama, founded in 1930 and owned by the Collat family, Mayer…
Swoop to buy connectivity provider Countrytell for $4.2mn
MELBOURNE, AUSTRALIA: Swoop Holdings Limited’s wholly owned subsidiary has agreed to acquire Countrytell Holdings Pty Ltd, a regional connectivity provider based in Newcastle, New South Wales for $4.2 million. The consideration includes $1.47 million in cash at completion; $2.1 million to be satisfied by the issue of fully paid ordinary shares of Swoop; and $0.63…
Orascom led consortium to connect power grids of Egypt and Saudi Arabia
DUBAI, UAE: Orascom Construction announced that its consortium with Hitachi Energy signed a contract today with the Egyptian Electricity Transmission Company (EETC) to execute all work in Egypt to connect the national power grids of Egypt and Saudi Arabia. A separate consortium of Hitachi Energy and SSEM will execute the work in Saudi Arabia. This…
SNB plans divestment of Samba Bank Pakistan
KARACHI: Saudi National Bank (SNB) has approved the commencement of an orderly well managed divestment of Samba Bank Limited (SBL) Pakistan. According to a bourse filing, Samba Bank has received formal communication from SNB that approved a strategic review of its option in respect of SBL. SNB has advised Samba on engagement with the regulators…
SSAB appoints Leena Craelius as acting CFO
STOCKHOLM, SWEDEN: Leena Craelius has been appointed acting CFO at SSAB. She has long experience of the steel industry and has held several senior positions at SSAB. She will take up her new position on November 1, 2021.\ Leena Craelius is currently vice president of Finance, Controlling and IT at SSAB Europe. She has held…