HOUSTON: Enterprise Products Partners L.P. (NYSE: EPD) announced that one of its affiliates completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC. This acquisition gives Enterprise a foothold for natural gas gathering, treating and processing in the core of the Midland Basin of the Permian. Navitas Midstream’s assets, which complement Enterprise’s presence…
Tag: acquisition
Zephyr Energy completes $36mn Williston Basin acquisition
LONDON, UK: Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has completed $36 million acquisition of non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, U.S. All conditions of the Acquisition have now been satisfied, including…
TMK Energy completes the acquisition of Telmen Energy Limited
SYDNEY, AUSTRALIA: TMK Energy Limited (ASX: TMK) has completed the acquisition of Telmen Energy Limited and its 100% interest in the Gurvantes XXXV Coal Seam Gas Project. The issue of consideration securities to the shareholders of Telmen consist of: • 1,600,000,000 fully paid ordinary shares; • 600,000,000 Class A Performance Shares; • 600,000,000 Class B…
Hikma expands into Canada with acquisition of Teligent Inc
LONDON, UK: Hikma Pharmaceuticals, the multinational pharmaceutical company, has agreed to acquire the Canadian assets of Teligent Inc. for $45.75 million. The transaction is expected to be completed before the end of the first quarter of 2022. The acquisition marks Hikma’s expansion into Canada and includes a portfolio of 25 sterile injectable products, three in-licenced…
Frenkel Topping acquires Cardinal Management Limited for £10mn
LONDON, UK: Frenkel Topping has acquired the entire issued share capital of Cardinal Management Limited. The total maximum possible consideration for the acquisition is £10.0 million in cash, of which an initial £5.0m (which is subject to adjustment following a completion accounts process) will be paid on completion. The additional consideration of up to £5.0m…
Royal Unibrew buys remaining 75% stake in Hansa Borg Bryggerier for NOK 3.3bn
FAXE, DENMARK: Royal Unibrew, a brewing and beverage company in Denmark, has entered into an agreement to acquire the remaining 75% of Hansa Borg Bryggerier, which would result in a 100% ownership of the company. Royal Unibrew already has 25% ownership in Hansa Borg Bryggerier. The transaction is based on an enterprise value of NOK 3.3…
Aperam completes EUR 357mn acquisition of ELG
LUXEMBOURG: Aperam, has completed the acquisition of ELG, a global leader in stainless steel and superalloys recycling. The acquisition of ELG has received all necessary regulatory approvals and will further strengthen Aperam’s competitiveness and Environmental-Social-Governance leadership position in the industry. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap…
Mutares complete acquisition of Frigoscandia
MUNICH: Mutares SE & Co., a listed private equity holding company, has completed the acquisition of Frigoscandia from Posten Norge. The company further strengthens the Goods & Services segment as a new platform investment and offers multiple add- on opportunities in the Nordics and Mainland Europe in the future. Founded in 1948, Frigoscandia is a…
INPP announces acquisition of UK PPP portfolio
LONDON, UK: International Public Partnerships Limited (INPP) has agreed to acquire a small portfolio of UK PPP investments comprising initially interests in Townlands Community Hospital in Henley, Eltham Community Hospital and minority interests in the Building Schools for the Future (BSF) projects STaG 1 and 2 (‘STaG’). The interests will be acquired from an affiliate…
Rubis Group buys 80% of Photosol France for €376 million
PARIS, FRANCE: Rubis Group has announced strategic acquisition of 80% of Photosol France to accelerate the transition to renewable energies and decarbonation. The price for the acquisition of the 80% of Photosol France shares will be €376 million subject to customary adjustments at closing. In June 2021, Rubis Group initiated its diversification towards less-carbonised energies…
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…
Likewise Group agrees to acquire Valley Wholesale Carpets for £30mn
LONDON, UK: Likewise Group (LON:LIKE) has entered into a conditional agreement to acquire the entire issued share capital of Valley Wholesale Carpets, a UK-based distributor and wholesaler of carpets, for a maximum consideration of £30.0 million, including approximately £10.0 million of cash within Valley Wholesale Carpets. This comprises initial consideration of £24.0 million which is…