ABU DHABI, UAE: e& enterprise, a subsidiary of Emirates Telecommunications Group Company PJSC, also known as “e&”, has signed a binding agreement to acquire a majority stake in Beehive Group Holdings Limited, which is the first regulated online marketplace for peer-to-peer lending to SMEs (small and medium-sized enterprises) in the MENA (Middle East and North…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
Liontrust to acquire GAM Holding AG for a total of £96 million
LONDON, UK: Liontrust Asset Management, the specialist fund management group, has conditionally agreed to acquire the entire issued share capital of GAM Holding AG (GAM), a global investment management group. The proposed acquisition will be by way of public exchange offer with ordinary shares of 1 pence each in the capital of Liontrust to be…
Pemba Capital to acquire MSL Solutions for $119 million
SYDNEY, AUSTRALIA: Plutus Bidco, an entity controlled by Pemba Capital Partners has agreed to acquire 100% of the issued share capital of MSL Solutions at $0.295 per share by way of a scheme of arrangement. The total cash consideration of $0.295 per share payable by Plutus Bidco implies an equity value of $119 million and…
Safanad and Global School Management announce $200mn investment in MENA’s education sector
NEW YORK: Safanad and Global School Management (GSM), an international education platform, announced initial planned investment of $200 million in MENA’s education sector. A commitment is also made to invest significantly beyond this to acquire, manage and develop multiple charter, online, early learning, and K-12 private schools independently and in partnership with regional governments. Global…
Coats Group to acquire Texon International at an enterprise value of $237mn
LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Texon International Group Limited, a leading footwear solutions provider, for an enterprise value of $237 million. The acquisition is expected to complete in July, a bourse filing said. Texon, a company with operations in Asia…
Azelis Group to acquire distribution assets of Ak-taş in Turkey
BRUSSELS, BELGIUM: Azelis Group, a leading global innovation service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire the specialty lubricant (L&MWF1) distribution assets of Ak-taş in Turkey. The transaction includes the oil additive business of Ak-taş as well as the base oil distribution business of Whitechem, a subsidiary…
BE Group to acquire Goodtech Solutions Manufacturing
OSLO, NORWAY: Goodtech ASA has today signed an agreement with the Swedish group BE Group on the sale of 100% of the shares in Goodtech Solutions Manufacturing AB, a statement said. Goodtech Solutions Manufacturing AB is a CNC machining workshop in Arvika in Sweden, with an annual turnover of around SEK 20 million. The company…
MotorK Plc enter exclusive negotiations to acquire WebMobil24
AMSTERDAM: MotorK Plc, a leading European SaaS provider for the automotive retail industry, has entered into exclusive negotiations to acquire WebMobil24, a German software provider of stock management solutions and e-commerce platforms to automotive dealers and OEMs. MotorK and WebMobil24 are working together towards a swift completion of the transaction. Over the past 20 years,…
SCA Property Group to acquire convenience-based shopping centres across Australia
SYDNEY, AUSTRALIA: SCA Property Group (ASX: SCP) has entered into agreements with Centuria Capital Group’s (ASX: CNI) subsidiary, Primewest, to acquire five convenience-based shopping centres across Australia for a combined purchase price of A$180 million representing a weighted average fully let yield of 6.0%. The acquisitions are expected to settle in early July 2022. Post…
Cooper Energy to acquire Orbost Gas Processing Plant from APA Group
SYDNEY, AUSTRALIA: Cooper Energy Ltd (ASX:COE) has entered into a binding agreement to acquire the Orbost Gas Processing Plant from APA Orbost Gas Plant Pty Ltd, an entity controlled by APA Group, a statement noted. Cooper Energy will also undertake a fully underwritten $244 million equity offering comprising a $84 million placement to institutional investors…
Jyske Bank to acquire Svenska Handelsbanken’s activities in Denmark
LONDON, UK: Jyske Bank A/S has entered into a binding agreement with Svenska Handelsbanken AB to acquire Handelsbanken’s business activities in Denmark, a bourse filing noted. The transaction is expected to close in the fourth quarter of 2022, subject to receipt of approvals from the relevant regulatory and anti-trust authorities. Statement from Anders Dam, Managing…
Trajan Group to acquire US-based Chromatography Research Supplies for $43.3mn
SYDNEY, AUSTRALIA: Trajan Group Holdings has signed binding share purchase agreement and a real estate purchase agreement to acquire 100% of Chromatography Research Supplies Inc. (CRS), a leading global manufacturer of high-quality analytical consumables based in Kentucky, USA. Trajan is acquiring CRS for US$43.3 million through a share purchase agreement and a real estate purchase…