SYDNEY: Xstate Resources Limited has signed an agreement with private company Blue Sky Resources Ltd to acquire 25% of Blue Sky’s Working Interest (WI) in oil and gas producing asset in Alberta and British Columbia, Canada (ABC Assets), a news release said on Wednesday. The ABC Assets consist of non-operated WI and Royalty Interests in…
Tag: acquisition
Catena Group to acquire 89.9% of Insight Capital Partners in £29.4 million deal
LONDON: Catena Group Plc has signed a conditional acquisition agreement to acquire Insight Capital Partners, a data science and machine learning solutions company. The Acquisition is for the balance of Insight shares not already owned by the Company, following Catena’s initial acquisition of 9.1 percent of Insight in March 2020. The Acquisition constitutes a reverse…
Mattioli Woods announces acquisition of Caledonia Asset Management
LONDON: Mattioli Woods plc announced the acquisition of 100% of the share capital of Caledonia Asset Management Limited from its shareholders for an initial consideration of £0.96 million. A potential further consideration of up to £0.64 million is dependent on the attainment of specified performance targets in the two years after completion. Founded in 2000,…
McNally Capital announces acquisition of Orbis Operations
CHICAGO: McNally Capital, a leader in Direct Family Capital, announced the acquisition of Orbis Operations. Orbis is a leading provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients. McNally acquired Orbis out of…
Alstom announces acquisition of Flertex
PARIS: Alstom has acquired Flertex, a group specialised in the design and manufacture of brake linings (pads and shoes) for braking systems, particularly for the rail industry but also for other industrial applications, a news release said. This acquisition expands and strengthens Alstom’s expertise in braking systems, a key element in the overall technical performance…
Mutares SE & Co. completes acquisition of Primetals Technologies France and Ericsson Services Italia
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd. The company will from now on operate under the new name Clecim France. Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. With close to 250 employees, efficient production…
FCPT acquires Starbucks property for $2.3 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rate in range with FCPT’s previous investments. FCPT,…
LXi REIT announces seven long income grocery acquisitions totalling £85 million
LONDON: The Board of LXi REIT announced seven separate long income acquisitions in the grocery sector from six different developers/vendors, following the Company’s £125 million capital raise on 11 March 2021. The Acquisitions are for a total cost of £85 million and comprise both pre-let forward fundings and built investments, secured to strong tenant covenants…
REACT Group announces acquisition of Fidelis Contract Services Ltd
LONDON: REACT Group announced the acquisition of Fidelis Contract Services Ltd, a successful commercial cleaning, hygiene and facility support services company headquartered in Birmingham providing services to customers across England and Wales. REACT SC Holdings Limited, a wholly owned operating subsidiary of REACT, has entered into an agreement to acquire the entire issued share capital…
Mobile Streams announces acquisition of 49% of KrunchData Limited
LONDON: Mobile Streams has reached agreement to acquire a 49% interest in KrunchData Limited for £735,000, comprising £500,000 cash and 90,384,615 Ordinary Shares issued at 0.26p each, with an option to acquire the remaining 51% at any time in the next two years for £765,000. As part of the Transaction, it has been agreed that…
XLMedia completes acquisition of US Sports asset, Sports Betting Dime
LONDON: XLMedia, a leading global digital performance publisher, has completed the acquisition of the business and assets of Sports Betting Dime, which was first announced on 18 March 2021. The website sportsbettingdime.com is now operating under XLMedia’s existing licences and referring clients to its regulated US operator partners, under normal contractual terms. Stuart Simms, CEO…
Pantheon gets approval for acquisition of remaining 10.8% interest in Talitha Unit
LONDON: Pantheon Resources has now received formal approval from the Alaska Department of Natural Resources for the acquisition of 100% of the share capital of Borealis Alaska LLC. Borealis owns a 10.8% working interest in each of the 16 leases in the Talitha Unit and thus the completion of this transaction increases Pantheon’s working interest…