FRANKFURT: Tritax EuroBox plc, which invests in Continental European logistics real estate, has acquired two prime, modern logistics facilities in the GVZ Freight Village of Bremen in Germany for a total consideration of €60.3 million, reflecting a net initial yield of 4.8%. Purpose-built in 2013 and 2019 respectively, these two high specification facilities have a…
Tag: acquisition
Wesfarmers completes acquisition of Kidman Resources
PERTH: Wesfarmers Limited has announced the implementation of the Scheme of Arrangement under which Wesfarmers Lithium Pty Ltd, a wholly owned subsidiary of Wesfarmers Limited, has acquired all of the issued ordinary shares in Kidman Resources. With the completion of the transaction, Wesfarmers holds a 50 percent interest in the Mt Holland lithium project based…
LCT to benefit from Semma Therapeutics acquisition by Vertex
AUCKLAND: Living Cells Technologies (LCT) holds 121,995 shares in Semma Therapeutics, worth an anticipated USD 838,105 which would be realised on Vertex Pharmaceuticals Incorporated completing its acquisition of Semma Therapeutics. The acquisition is anticipated to close in the fourth quarter of 2019, subject to certain conditions. Semma Therapeutics, a privately held biotechnology company pioneering the…
Cedar Woods contracts to acquire prime infill site in Hamersley, Perth
SYDNEY: Cedar Woods Properties Limited has signed a conditional contract to acquire 179 Erindale Rd, Hamersley, Western Australia from Broadcast Australia for $21.2 million, plus GST. The acquisition remains conditional on the vendor obtaining town planning and environmental approvals, de-risking these steps for the Company. The 12.4 ha residential site is located only 14kms from…
Diversified Gas & Oil acquires assets from EdgeMarc Energy Holdings
BIRMINGHAM: Diversified Gas & Oil, the U.S. based owner and operator of natural gas, natural gas liquids and oil wells as well as midstream assets, has completed the purchase of certain assets from EdgeMarc Energy Holdings, LLC, and certain of its subsidiaries. The consideration for the acquisition was $50 million funded from existing debt facilities,…
Rosenblatt Group acquires Convex Capital Limited for £22 million
LONDON: Rosenblatt Group plc, the professional services group, has announced the acquisition of Convex Capital Limited, a specialist sell-side M&A corporate finance boutique, based in Manchester, UK. The total consideration for the acquisition, assuming all earn-out and deferred consideration payments are made, is £22 million. The acquisition is in line with the Group’s M&A strategy….
Ocean Outdoor Limited acquires Visual to strengthen European digital platform
LONDON: Ocean Outdoor Limited has acquired Visual Art, a Sweden based independent, pure-play digital, out-of-home media and tech group operating in three Nordic countries and Germany. The deal is structured as two simultaneous transactions in which Ocean acquires the out-of-home assets of Visual Art (Visual Art Media) for a total consideration of approximately €63 million…
Springfield expands to Inverness with key land acquisition
LONDON: Springfield Properties, a leading housebuilder in Scotland offering private and affordable housing, announced its first land acquisition in Inverness as the Group continues its geographic expansion into the Highlands. With this purchase at Easterfield Farm in Inverness, along with other land recently secured in surrounding areas, Springfield is establishing a strong foothold in the…
Essentra acquires Nekicesa Packaging
LONDON, UK: Essentra plc has acquired 100% of the share capital of Nekicesa Packaging S.L. from GED Iberian B, F.C.R. and EBN Vaccaria, F.C.R. for an undisclosed cash consideration. With two well-invested facilities in Madrid, Nekicesa is one of the leading converters of folding cartons supplying the pharmaceutical end-market in Spain and will be reported…
Equiniti completes the acquisition of Richard Davies Investor Relations
LONDON: Equiniti Group has announced that it has completed the acquisition of Richard Davies Investor Relations Limited (RD:IR), a release issued to London Stock Exchange noted. Equiniti is an international technology-led services and payments specialist. RD:IR is a market-leading investor relations business, offering a wide-range of IR-related analysis, software and advisory services. The acquisition will…
LCT Holdings to acquire PG Automotive for S$160 million
SINGAPORE: The Board of Directors of LCT Holdings Limited has entered into a non-binding term sheet in relation to the proposed acquisition of the entire equity interest in PG Automotive Holdings Pte. Ltd. together with its subsidiaries and associated companies from Mr. Park Ki Chool and his family members at an indicative price of S$160…
Porvair acquires Rotal Dahlman for €7.75 million
LONDON: Porvair PLC, the specialist filtration and environmental technologies group, announced the acquisition of Dahlman Industrial Group B. V. (Royal Dahlman), a Dutch industrial filtration business, trading as Royal Dahlman, for a total cash consideration of €7.75 million. The Group acquired 100 percent of the share capital of Royal Dahlman, which reported revenue of €14.2…