LONDON: Zenith Energy Ltd has decided to discontinue its plans to acquire a Norwegian oil & gas company, Nordic Petroleum AS, by way of an exchange of equity as announced on November 4, 2019. Due to unexpected complications and potentially high costs to complete the Proposed Acquisition, the Board has decided not to proceed with…
Tag: acquisition
Quorum acquires Moorfield Nanotechnology for £2.3 million
LONDON, UK: Judges Scientific’s wholly owned subsidiary Quorum Technologies Limited has acquired 100% of the issued share capital of Moorfield Nanotechnology Limited, a maker of coating instruments based in Knutsford, Cheshire. The Board expects the acquisition to be immediately earnings enhancing. The purchase price of Moorfield, paid in cash at completion, amounts to £2.3 million….
NewRiver acquires Bravo Inns for £17.9 million
LONDON, UK: NewRiver REIT announced the acquisition of community pub company Bravo Inns Limited for £17.9 million, representing an EBITDA multiple of 6.8x. The transaction is expected to generate annualised outlet EBITDA of £2.6 million, equating to a yield on cost of 14%, which excludes £0.3 million of synergies expected to be realised through the…
Advanced Medical acquires French Biomatlante for €8 million
WINSFORD: Advanced Medical Solutions Group has acquired French company Biomatlante SA, a well-established international developer and manufacturer of innovative surgical biomaterial technologies for €8 million, with a potential further up to €0.3 million due over the next two years. Advanced is the surgical and advanced wound care specialist company. The acquisition will strengthen AMS’s product…
Regal Petroleum to acquire UNI
LONDON: Regal Petroleum plc has entered into a Memorandum of Understanding (MoU) for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (UNI), which holds the Belolisky and Alibeysk-Trapivska production licences in Ukraine. The Memorandum is made between the Company and Ms Lidiia Chernysh and Bolaso Investments Limited, who each own 50% of the issued…
Kin and Carta acquires Spire Digital for $14.8 million
LONDON: Kin and Carta plc has announced the acquisition of Spire Digital, Inc., a private US-based digital transformation (DX) consulting firm for a cash consideration of $14.8 million. The acquisition supports Kin + Carta’s stated ambition to grow both organically and through strategic acquisitions that complement its client offering and expand its geographic reach. It…
Uniphar marks its entry into Nordic and Baltic markets with acquisitions
LONDON: Uniphar plc has announced acquisition of Nordic-based medtech service provider, EPS Group and Irish-based medtech service provider M3 Medical Limited. The EPS Group comprises EPS Vascular AB and EP Endovascular AB, both registered in Sweden and EPS Vascular OY registered in Finland. M3 Medical is an Irish registered business. Both the EPS Group and…
Equals Group acquires UK based payment services provider Casco Financial
LONDON: Equals Group PLC, the e-banking and international payments group, has acquired the entire issued ordinary share capital of Casco Financial Services Limited, a UK based payment services provider for £1.725 million with a potential additional consideration of £2.0 million, depending on future performance. Casco, which is regulated by the FCA as an Authorised Payment…
Jadestone Energy to acquire an operated 69% interest in Maari Project for $50mn
SINGAPORE: Jadestone Energy has executed a sale and purchase agreement (SPA) with OMV New Zealand Limited, a subsidiary of OMV, to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand for a total headline cash consideration of US$50 million, to be funded from the Company’s cash resources. Jadestone Energy is…
Echo completes acquisition of working interest in Santa Cruz Sur package
LONDON: Echo Energy, the Latin American-focused upstream oil and gas company, announced that the acquisition by the Company of a 70 percent initially non-operated working interest in the Santa Cruz Sur package of five mature producing blocks, from Petrolera El Trebol SA, a subsidiary of Phoenix Global Resources plc has now completed. Martin Hull, Chief…
Bardoc completes acquisition of Mayday and North Kanowna Star Gold Projects
FREMANTLE: Bardoc Gold Limited has completed the acquisition of the Mayday and North Kanowna Star gold projects from Strategic Projects Mining Pty Ltd. The project areas include a combined JORC compliant Indicated and Inferred Mineral Resource totalling 111,600oz, which the Company aims to expand over the coming months through a +10,000m Reverse Circulation and diamond…
Desane completes $9.5mn purchase of Brisbane industrial asset
SYDNEY: Desane Properties Pty Ltd, a controlled entity of Desane Group Holdings Limited, has today completed the purchase of the 21,750m2 industrial property asset located in the Brisbane suburb of Wacol. The property was acquired for $9.5 million from the City of Brisbane Investment Corporation and is leased to the Brisbane City Council on a…