LONDON: Macfarlane Group PLC has announced the acquisition of The Pitreavie Group Limited for a maximum cash consideration of £18.0 million. This deal includes an earn-out of up to £4.0 million over two years, reflecting Macfarlane’s strategy to enhance its protective packaging business through both organic and acquisitive growth. Pitreavie, founded in 2005, specializes in…
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GenusPlus Group acquires Geographe Tree Services for $7 million
SYDNEY: GenusPlus Group Ltd (ASX: GNP) has entered into a binding agreement to acquire 100% of the shares in Geographe Tree Services Pty Ltd (GTS) for total cash consideration of $7 million. The acquisition will be funded from internal cash reserves. GTS provides vegetation management services under a multi-year contract with a Tier 1 utility…
Elders Limited acquires Delta Agribusiness for $475 million
SYDNEY: Elders Limited has announced it will acquire 100% of the shares in Delta Agribusiness Pty Ltd for an enterprise value of $475 million. Delta is an Australian agribusiness offering rural products and advisory services through 68 locations and around 40 independent wholesale customers. In the last twelve months leading up to June 30, 2024,…
EQ Resources acquires Tungsten Metals Group for strategic growth
SYDNEY: EQ Resources Limited (EQR) has announced a binding Heads of Agreement (HoA) to acquire 100% of the shares in Tungsten Metals Group Limited (TMG) and its subsidiaries, as well as Mr. George Chen’s shares in Asia Tungsten Products Co Ltd (ATC). Together, TMG and ATC form TMG Group. TMG Group owns and operates the…
Bureau Veritas acquires Versatec Energy to bolster renewables push
PARIS, FRANCE: Bureau Veritas, the global testing, inspection, and certification giant, announced today the acquisition of Versatec Energy B.V., a Dutch technical advisory firm specializing in the offshore and onshore energy sectors. This strategic move aligns with Bureau Veritas’ LEAP | 28 strategy, aiming to strengthen its foothold in the rapidly growing renewables market and underscore…
GPE acquires West End refurbishment opportunity
LONDON: Great Portland Estates plc (GPE) announced the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term basis, at…
Silverbullet Data Services Group acquires intellectual property rights from Codec AI
LONDON: Silverbullet Data Services Group (AIM: SBDS), a provider of AI driven digital transformation services and products, has acquired certain intellectual property rights (IPR) from Spore London Limited (Codec AI) for a cash consideration of £50,000 payable in two tranches, plus an earnout of 10% of net revenues generated from the technology up to 31…
M3 Helium acquires further producing wells in the Hugoton gas field
LONDON: Mendell Helium has announced that M3 Helium Corp. has acquired interests in three additional wells on the western side of the Hugoton gas field in Kansas. Two of these wells are currently in production, while the third is considered suitable for conversion into a water disposal well. Following this acquisition, M3 Helium now holds…
Signature Holdings acquires Signature Fabrics, parent of Friedman’s Ltd and Milano International
LONDON: CEPS Plc announced that Signature Fabrics Limited, a 55% indirectly held subsidiary of CEPS, has been acquired by Signature Fabrics Holdings Limited, a company incorporated in June 2024 being used to acquire 100 per cent of the issued share capital of Signature Fabrics, for a total consideration of £4.0 million. Signature Fabrics is the…
Roadside JV acquires 12 Lidl stores in £70 million deal
LONDON: Roadside Retail Limited, in partnership with Meadow Real Estate Fund VI LP, has announced the acquisition of 12 stores from Lidl Great Britain Limited for a total of £70 million. This joint venture (JV) aims to acquire and develop roadside real estate assets across the UK. Lidl has already acquired the land, secured planning…
Smart Foods acquires Fenn Foods’ major assets amid liquidation
Australian alt-meat company Fenn Foods, which recently entered liquidation, has been acquired by local peer Smart Foods. The deal includes Fenn Foods’ major assets such as the Veef and Love Buds brands, along with plant, stock, and equipment, according to insolvency firm Fort Restructuring. Financial terms of the acquisition were not disclosed. Smart Foods, based…
ARC Funds Limited acquires ausbiz Capital, a subsidiary of ausbiz Group
SYDNEY: ARC Funds Limited (ASX:ARC) has executed a binding agreement with ausbiz Group Pty Ltd to acquire a minority 30% equity interest in ausbiz Capital Pty Ltd, currently a 100% subsidiary of ausbiz Group. ausbiz Capital, part of ausbiz Group, is a new business established to offer high-quality financial products and services to ausbiz Group’s…