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…
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…
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…
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…
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…
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…
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…
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…
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…
LONDON, UK: Taylor Maritime Investments (TMI) has agreed to acquire a 22.6% stake in Grindrod Shipping Holdings Ltd, a dual NASDAQ and Johannesburg Stock Exchange listed shipping business (NASDAQ: GRIN) for a cash consideration of $77.9m via a private, off-market acquisition from a wholly-owned subsidiary of Remgro Limited. The investment in Grindrod Shipping is consistent…
PARIS, FRANCE: Altarea announced the launch of a capital increase with preferential subscription rights (PSR) for an amount of approximately €350 million. Net proceeds of the offering of the new shares will be used by the Company as part of the financing of the acquisition of Primonial Securities, as announced on June 30, 2021. The…
AMSTERDAM: MPC Energy Solutions (MPCES) has entered the Mexican renewable energies market with the acquisition of Los Santos Solar I. The solar photovoltaic (PV) project, located in Ahumada, Chihuahua, in the North of Mexico, is fully operational since 2017 and has an installed capacity of 15.8 MWp. The project is included in MPCES’s communicated advanced…