Being on the road is surely exciting, especially if you’re having a road trip, however, it can also be very risky. People have the tendency to say that when you’re driving, you have one foot in the grave and one in prison. Sounds pretty gloomy right? But that’s all because unfortunately, a lot of people…
EFG Hermes & MNHD sign EGP 750mn housing and development deal
CAIRO, EGYPT: EFG Hermes has signed a sale and leaseback agreement amounting to EGP 750 million with real estate development firm Madinet Nasr for Housing and Development (MNHD). EFG Hermes’ Investment Banking division acted as the financial advisor for the transaction, which will also encompass a few securitization issuances as follow-on transactions, while EFG Hermes…
An Easy Guide To Understanding The Different Manufacturing Methods
To say that manufacturing methods have undergone a change over the past few decades would be an understatement. Between 3D printing, innovative ways to produce phones, and the rise of China, it’s been quite a revolution. However, you may well be wondering why these methods matter and what exactly each one does. You might also…
Top 6 Financial Tips For New Australian Startups
There’s nothing more rewarding for a person to build something from the ground up and see it thriving. For entrepreneurs, this thing that they build from scratch is their business and it takes a lot of time and commitment to even make it survive the first year. Even though there’s nothing more regarding establishing a…
Who are the users of different social media platforms?
Not all platforms are suitable for all users. Social media has allowed for mass cultural exchange and intercultural communication. But, every social media platform has its own taste, theme and purpose for its users. There is sufficient criticisms of social media ranging from criticisms of the ease of use of specific platforms and their capabilities,…
Apollo Funds to acquire Miller Homes from Bridgepoint Group
NEW YORK: Apollo Funds has entered into a definitive agreement to acquire Miller Homes from Bridgepoint Group. Financial terms were not disclosed. Established in 1934, Miller Homes is a premier homebuilder in the U.K. with a focus on building high-quality family homes in regional markets in England and Scotland. On track for a record 2021,…
Octopus Renewables buys two onshore wind farms in Finland
LONDON, UK: Octopus Renewables Infrastructure Trust has exercised the call option announced in October 2021 and completed the acquisition of two onshore wind farms in Finland. The total consideration for the acquisition, including the option deposit and funding for the final construction payments was approximately €140 million. The Saunamaa and Suolakangas wind farms have a…
Babcock sells UK Power business for £50mn
LONDON, UK: Babcock International Group announced the completion of the sale of its Power business to M Group Services for a gross cash consideration of £50 million. Babcock’s Power business is a leading provider of engineering services in the UK overhead line electric transmission and distribution industry. It is trusted to deliver high quality outputs…
Capita agrees to sell AMT Sybex for £40mn
LONDON, UK: Capita plc has agreed to sell its AMT Sybex software business to Jonas Computing (UK) Limited, in a deal that values AMT Sybex at up to £40m. AMT Sybex is the leading provider of critical utilities and infrastructure software in the UK. Its software facilitates efficient and reliable energy provision by balancing supply…
Reckitt Benckiser sells E45 brand to Karo Pharma for £200mn
SLOUGH, UK: Reckitt Benckiser Group has entered into an agreement for the proposed sale of its E45 brand and related sub-brands to Karo Pharma for an implied enterprise value of £200 million. For the financial year ended 31 December 2020, the brands had a combined net revenue of £43 million. The proposed sale, if completed,…
Alzheimer treatment granted fast track designation by the FDA
STOCKHOLM: BioArctic AB’s partner Eisai announced today that lecanemab, an investigational anti-amyloid beta (Aβ) protofibril antibody for the treatment of early Alzheimer disease (AD), was granted Fast Track designation by the U.S. Food and Drug Administration (FDA). The FDA granted Breakthrough Therapy designation for lecanemab in June of 2021. Breakthrough Therapy designation and Fast Track…
PrivateMarketsCo sells Infrastructure Debt platform for A$428mn
AUCKLAND: AMP Limited’s PrivateMarketsCo entered into a binding agreement to sell its Infrastructure Debt platform to Ares Holdings LP for a total cash consideration of A$428 million. The agreement follows PrivateMarketsCo’s strategic decision to focus on its key strength of managing equity investments in real estate and infrastructure, while also simplifying its structure and realizing…