OSLO, NORWAY: AqualisBraemar LOC Group has acquired the remaining 29 percent stake in Innosea – a leading engineering, design and R&D consulting firm specialising in marine renewables – increasing its total shareholding to 100 percent. “We are delighted to take full ownership of Innosea. The company is rapidly growing and has proven to be a…
Ascential plc sells MediaLink to UTA for $125 million
LONDON, UK: Ascential plc (LON: ASCL.L) has sold MediaLink, a brand within its Marketing business unit, to United Talent Agency (UTA), a leading global talent, entertainment and sports company, for $125 million in cash. Ascential plc is the specialist information, analytics and eCommerce optimisation company. The sale is consistent with the Group’s long-term strategy. It…
Bloomsbury Publishing acquires ABC-CLIO for 22.9 million
LONDON, UK: Bloomsbury Publishing Plc (LON: BMY) has completed the purchase of the members’ interests of ABC-CLIO LLC. The consideration is $22.9 million (£17.3 million), of which $22.3 million (£16.8 million) has been satisfied in cash on completion and up to $0.6 million (£0.5 million) will be satisfied in cash post completion. ABC-CLIO is an…
Totally plc acquires Energy Fit-Pro
LONDON, UK: Totally plc has acquired the entire issued share capital of Energy Fitness Professionals Limited (Energy Fit-Pro), a corporate fitness provider. The total consideration payable for the Acquisition is up to £1.3 million in cash paid on a cash free and debt free basis, with a normalised level of working capital. Energy Fit-Pro works…
Steven Owen appointed Chairman of Palace Capital board
LONDON, UK: Palace Capital announced the appointment of Steven Owen as Chairman of its board of directors, with effect from 1 January 2022. Steven is the Non-Executive Chairman of FTSE 250 property investment group Primary Health Properties plc (“PHP”) having been appointed Chairman in April 2018. He was appointed to the Board as an independent…
BICO Group to acquire Biosero Inc. in a $165mn deal
GOTHENBURG, SWEDEN: BICO Group AB has entered into an agreement with the shareholders of Biosero Inc. to acquire all outstanding shares to an enterprise value of $165 million. Approximately 63 percent of the purchase price will be paid in cash, 21 percent by issuance of the Considerations Shares, and approximately 16 percent will be paid…
Helexia to provide 27MW electricity to Vivo cell phone network
PARIS, FRANCE: Helexia, a subsidiary of Voltalia, has won an additional 27 megawatts of photovoltaic capacity for the Vivo cell phone network, a Telefonica brand. Helexia is a distributed-generation and energy-efficiency specialist. Following the August 31 launch of the construction of 17 solar photovoltaic (PV) units to power the facilities of Vivo, a subsidiary of…
Nordic Nanovector appoints Dr Sandra Jonsson as COO
OSLO, NORWAY: Nordic Nanovector ASA (OSE: NANOV) announced the appointment of Dr Sandra Jonsson, PhD, MBA as Chief Operating Officer. Dr Sandra Jonsson will start on 10 January 2022 and takes over from Marco Renoldi, MD, who is retiring from the role but will remain as a consultant to the company. Dr Sandra Jonsson is…
Alpha Dhabi Holding announce AED 8.0bn expansion plans
ABU DHABI, UAE: Alpha Dhabi Holding (ADH), has agreed on the conglomerate’s expansion plans and future strategy, targeting AED 8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and other promising sectors inside and outside the UAE. Eng. Hamad Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said: “In Q3 2021, the…
Targetspot to launch specialist mobile gaming division in 2022
PARIS, FRANCE: Targetspot, a division of AudioValley, will launch a specialist division in 2022 as part of their continued investment into the mobile gaming sector. This newly formed area will be dedicated to working with customers and partners from across the entire ecosystem, helping serve Targetspot’s acceleration into the fastest growing area of digital media…
Sims Limited buys metal recycler Atlantic Recycling in a $37mn deal
SYDNEY, AUSTRALIA: Sims Limited, a global leader in metal recycling, has agreed to acquire the assets of United States-based metal recycler, Atlantic Recycling Group (ARG) for a total consideration of $37 million plus working capital adjustments. The acquisition is expected to reach financial close on 1 January 2022. The acquisition price implies an EV/EBITDA multiple…
National Tyre & Wheel Limited buys Carter’s for $28.3mn
SYDNEY, AUSTRALIA: National Tyre & Wheel Limited (NTAW) has executed an agreement under which its wholly owned subsidiary, NTAW Holdings (NZ) Limited, will acquire Carters Tyre Service Limited, C.O. Tire & Retreading Co Limited and Tyre Distributors New Zealand Limited (together, “Carter’s”) for a purchase price of NZ$30 million ($28.3m). The acquisition will be funded…