LONDON: Begbies Traynor Group announced the acquisition of the entire issued share capital of Alexander Lawson Jacobs Limited (ALJ), a London-based insolvency and business recovery practice. ALJ is a well-established firm and is ranked as a top 20 UK insolvency practice (by insolvency appointments). The team of 24 directors and employees will join the group…
Tag: acquisition
CLS Holdings completes acquisition of Pacific House in Reading
LONDON, UK: CLS Holdings announces that it has completed the acquisition of Pacific House in Reading, a 57,086 sq. ft (5,303 sqm) multi-let office building, for £14.9 million excluding costs. The acquisition has a net initial yield of 7.3%. The building, which is located to the south of Reading, is 92% let to 7 tenants…
LXi REIT announces acquisitions worth £23 million
LONDON: The Board of Directors of LXi REIT, the specialist inflation-protected long income REIT, announced long-let, index-linked acquisitions for a combined total investment of approximately £23 million. These Acquisitions are being funded by the Company’s new Revolving Credit Facility (RCF), announced on 22 July 2019. The Company is also in solicitors’ hands on additional acquisitions…
Signature Fabrics acquires Milano International Limited
LONDON: CEPS Plc’s subsidiary company, Signature Fabrics Limited has acquired 90 percent of the issued share capital of a newly incorporated company, Milano International Holdings Limited, which has been formed to acquire 100 percent of the issued share capital of Milano International Limited, trading as Milano Pro Sport, for a consideration of £1.85 million. The…
Polypipe Group acquires Alderburgh Group for £14 million
LONDON: Polypipe Group plc, a leading provider of sustainable water and climate management solutions for the built environment, today announced the acquisition of the Alderburgh Group of companies for a total cash consideration of £14 million on a cash and debt free, normalised working capital basis. Alderburgh is a leading designer, manufacturer and installer of…
TerraX Minerals to acquire Gold Matter Corporation
VANCOUVER: TerraX Minerals Inc. has entered into an agreement with Gold Matter Corporation, a private closely-held corporation, whereby the Company will acquire all of the shares of Gold Matter in exchange for 5 million shares of the Company on a one-for-one basis, resulting in former shareholders of Gold Matter holding approximately 4% of the issued…
Calix accelerates US market entry with acquisition of IER
SYDNEY, AUSTRALIA: Multi-award-winning Australian technology company Calix Limited has entered into a binding agreement to acquire 100% of US-based Inland Environmental Resources (IER) and successfully completed a placement of $12 million to cover both the cost of the acquisition and additional capital for accelerating US market expansion. Calix has entered into a binding agreement to…
Tritax EuroBox acquires two new big box logistics assets in Germany for €60.3 million
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…
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,…