DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
KANSAS CITY: CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California…
LONDON: Checkit plc announced the acquisition of the entire issued share capital of its US based sole distributor Tutela Monitoring Systems LLC including cash of approximately $0.25m in Tutela as at the date of completion for a total upfront cash consideration of $0.85 million. The acquisition has been funded from the Group’s existing cash resources….
LOCHEM: ForFarmers has closed the acquisition of De Hoop Mengvoeders (De Hoop), which had already been announced on 19 October last year. The required permits have been granted by the Dutch and German competition authorities and other conditions precedent have also been met. The acquisition price comprises a fixed amount of €23 million and a…
VENICE: PGT Innovations Inc. has completed its acquisition of a 75% ownership stake in Eco Window Systems and its related companies. Eco is a leading manufacturer and installer of aluminum, impact-resistant windows and doors serving the South Florida region. “This acquisition further advances our strategy of expanding and diversifying our product lines with strong brands,”…
LONDON: Lok’nStore, the fast-growing self-storage company, has acquired the Lok’nStore managed store in Chichester and sold its freehold land site at Pantheon Park, Wolverhampton. The five-year old Chichester Store will be acquired for £4.025 million (as independently valued by Jones Lang LaSalle Limited). The Company will pay in aggregate, approximately £4.16 million in cash with…
LONDON: Marlowe plc, the UK leader in business critical services and software which assure safety and regulatory compliance, has acquired WPL Limited for an enterprise value of £10 million. Founded in 1991 and headquartered in Hampshire, WPL is a leading provider of wastewater treatment and compliance services across the UK. For the year to 31…
LONDON: Stenprop Limited has acquired three multi-let estates as it remains on target to be a fully focused MLI REIT by the end of the next financial year. The three estates in Edinburgh, Cardiff and Wigan have been purchased in separate transactions for a total consideration of £11.82 million. This brings the total number of…
LONDON: The PRS REIT announced the acquisition of a fully-let development of 123 new homes in Greater Manchester for £19m from BlackRock Real Assets. The transaction marks the full commitment of the PRS REIT’s funding resource of £900m (gross), and accelerates income delivery for the Company. This is in line with the stated intention of…
LONDON: GBG Group Plc has acquired the Investigate 2020 Limited subsidiary (HooYu Investigate) of HooYu Limited to further enhance its leading position in fraud investigation software solutions in the UK. HooYu Investigate automates fraud investigations and will broaden the services GBG provides. GBG’s solutions are already widely used by customers for fraud investigation, law enforcement…
LONDON: JTC Plc announced the acquisition of CEES. Established in 2005, CEES is a market leading employee benefits platform with an internationally diverse blue-chip corporate client base. It offers a broad range of employee benefit plans and product structures, is expert in the administration of a number of asset classes and provides client support services…
MISSISSAUGA: Golder Associates Corporation’s parent company, Enterra Holdings Ltd. has entered into a definitive agreement with a wholly-owned subsidiary of WSP Global Inc., pursuant to which WSP will acquire Golder by way of a plan of arrangement under the Companies Act (Nova Scotia) for aggregate consideration of $1.14 Billion (USD). The Transaction is expected to…