LONDON, UK: HICL Infrastructure Company Limited (HICL) has agreed to dispose of 30% of its equity interests in the US Northwest Parkway toll-road project (NWP) for a consideration of approximately USD 86 million. The proceeds from the sale are higher than the company’s pro-rata asset valuation in March 2022. The transaction is expected to be…
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HICL to acquire minority interest in French fibre-to-the-home platform, Altitude Infra
LONDON, UK: HICL Infrastructure Plc has entered into an agreement to acquire a minority equity position in Altitude’s fibre-to-the-home platform (Altitude Infra), investing alongside other InfraRed-managed funds and co-investors which, together with HICL, will own 15.1% of Altitude Infra. Altitude Infra holds a controlling position in the largest independent wholesale fibre network in France, Altitude…
Carnarvon Energy to divest 10% interest in its Bedout assets
SYDNEY, AUSTRALIA: Carnarvon Energy has entered into a binding agreement to divest a 10% interest in its Bedout assets to OPIC Australia Pty Limited, a wholly owned subsidiary of CPC Corporation, Taiwan (CPC), Taiwan’s national oil and gas company. Under the agreement, Carnarvon is set to receive total cash consideration of US$146MM from the divestment….
Al Mal Capital sells 42% interest in Poinsettia Plaza in Ventura, California
DUBAI, UAE: Al Mal Capital has sold its 42% interest in Poinsettia Plaza in Ventura California, US in a US$ 66.0 million deal. Acquired in 2016 in partnership with IRA Capital of Irvine California, Poinsettia Plaza is a multi-tenant shopping center with 153,000 square foot gross leasable area located on an 11-acre land area. On…
Thungela Resources signs agreements to obtain a controlling interest in the Ensham coal mine
LONDON, UK: Thungela Resources has entered into agreements with Audley Energy Limited and Mayfair Corporations Group in terms of which inter alia Thungela Resources Australia will acquire a majority shareholding interest in Sungela Holdings (a newly incorporated private company with limited liability, registered in accordance with the laws of Australia) and will loan fund a…
JLEN has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG)
LONDON, UK: JLEN, the listed environmental infrastructure fund, has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG). Foresight Hydrogen Holdco GmbH (FHHG) holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen project (“Thierbach”), a large green hydrogen production plant…
Jadestone Energy acquires interest in Sinphuhorm gas field onshore Thailand
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement with Salamander Energy (S.E. Asia) Limited, an affiliate of PT Medco Energi Internasional Tbk, to acquire S.E. Asia’s interest in three legal entities, which collectively own a 9.52% non-operated interest in the producing Sinphuhorm gas field and a 27.2% interest in the Dong Mun gas…
Vista Equity Partners signs agreement to acquire Duck Creek Technologies for $19/share
LONDON, UK: Vista Equity Partners has entered into a definitive agreement to acquire Duck Creek Technologies, a software provider to property and casualty insurers, for $19 per share in an all-cash transaction. Vista Equity Partners is an American investment firm focused on financing and forwarding software, data, and technology-enabled startup businesses. Vista has invested in…
Eurowag to acquire remaining 30% interest in Sygic for €14.4 million
LONDON, UK: Eurowag has entered into an agreement to acquire the remaining 30% equity interest in Sygic a. s. for a total consideration of €14.4 million, payable in April 2024. In April 2019, Eurowag acquired a 70% equity interest in Sygic with a predetermined put and call option mechanism on the remaining 30% minority interest…
TRIG signs contract to acquire a further 11% interest in Merkur offshore wind farm
LONDON, UK: The Renewables Infrastructure Group Limited (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, which is located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur and the…
Woolworths Group to acquire a 55% interest in Petspiration for $586mn
SYDNEY, AUSTRALIA: Woolworths Group has entered into an agreement to acquire a 55% equity interest in Petspiration Group, a leading Australian and New Zealand speciality pet food, accessories and services retailer for a cash consideration of $586 million. Petspiration is the owner and operator of leading retail brand PETstock and has a network of 276…
Antin Infrastructure Partners acquires majority interest in OpticalTel
PARIS, FRANCE: Antin Infrastructure Partners and OpticalTel jointly announced that Antin has acquired a majority interest in OpticalTel, a leading fiber broadband provider in Florida. OpticalTel is Antin’s sixth investment through its mid cap fund. Founded in 2004 by Mario Bustamante, OpticalTel is a fast-growing provider of essential high-speed internet and telecommunication services, with a…