LONDON: Intertek Group plc (ITRK.L), a global provider of Total Quality Assurance services, said on Monday it has acquired Envirolab, a leading environmental testing and analysis firm based in Australia, as part of its strategy to expand in high-growth sustainability markets. The deal gives Intertek access to Envirolab’s five laboratories across Australia and New Zealand,…
SYDNEY: Global investment firm KKR has signed definitive agreements to acquire Zenith Energy, an independent power producer specializing in hybrid power solutions, from a consortium of investors. Zenith’s founder and management will retain a minority stake in the company. The deal positions Zenith for long-term growth, supported by strong sector fundamentals and macroeconomic tailwinds. The…
SYDNEY: Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (CPP Investments), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension…
PARIS: Tikehau Capital, a global alternative asset management group, and UOB-Kay Hian, a leading brokerage firm in Southeast Asia, have announced the launch of a new private credit fund for Asia Pacific. The fund aims to provide financing to mid-sized corporates in the region, focusing on growth, working capital, and refinancing lending. Both sponsors have…
Pacific Prime, a global leader in health insurance and employee benefits, has launched its operation in Australia. This is a key step in the company’s mission to enhance healthcare access and provide exceptional employee benefits solutions to clients in the Asia Pacific region. “I am thrilled to join Pacific Prime and lead our expansion in…
OSLO: Crayon Group Holding ASA has announced an estimated $100 million agreement over two years with the Philippine government. This public-sector win was part of a public tender and furthers Crayon’s growth strategy in the Asia Pacific region. Under the two-year agreement, Crayon will handle all the Philippine government’s Microsoft needs including on-premises and cloud…
SINGAPORE: Sasseur Real Estate Investment Trust (Sasseur REIT) has clinched, for the second consecutive year, three top awards – Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) – for REITs under US$1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards 2020. The judging criteria for the…
DUBLIN: The commercial aircraft market is expected to register a cumulative average growth rate (CAGR) of over 3.0%, during 2020-25, a report prepared by ResearchAndMarkets.com notes. The growth in air travel, especially in the emerging economies, is expected to remain as the key driver for the market growth during the forecast period. The introduction of…
MOUNTAIN VIEW: Aerospike Inc., announced two new partnerships in Japan with SmartScape and ASK Corporation to meet growth and demand for its solutions in the Asia Pacific (APAC) region. In just two years, Aerospike doubled headcount, customers, and revenues in the APAC region. Some of the largest, most innovative companies in the region leverage Aerospike…
MOSCOW: PAO NOVATEK announced today that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (NSR) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 volumes of LNG…