LONDON, UK: Mondi plc has entered into an agreement to sell its Personal Care Components business (PCC) to Nitto Denko Corporation (Nitto) for an enterprise value of €615 million, which is also the approximate cash consideration payable to Mondi at completion. Mondi’s strategic focus to grow in packaging and the limited overlap of PCC with…
SYDNEY, AUSTRALIA: Delta Drone International (ASX: DLT) has entered into a binding agreement to sell ParaZero Technologies, which operates the company’s drone safety business for a total consideration of A$6 million in cash. The buyers are a consortium of investors led by NASDAQ-listed Medigus Ltd and facilitated by Israeli venture capital firm L.I.A Pure Capital…
LONDON, UK: Saint-Gobain has sold its regional glass transformation business Glassolutions in Denmark to the German glass manufacturer Semcoglas Holding GmbH. Glassolutions in Denmark employs approximately 160 people across 4 distribution sites and 2 production sites, with sales of around €30 million in 2020. This transaction is part of Saint-Gobain’s continued portfolio optimization strategy to…
LONDON, UK: Caledonia Investments plc (LON:CLDN) announced that the shareholders of portfolio company BioAgilytix, a leading provider of bioanalytical testing for large molecule research and development, have agreed terms of a majority investment in the company by international private equity firm Cinven. Cinven’s investment involves a sale of Caledonia’s interest in BioAgilytix to Cinven. Caledonia’s…
LONDON, UK: Clinigen Group plc announced the disposal of its non-core UK Specials manufacturing and Aseptic compounding business to Target Healthcare Ltd for a total consideration of up to £7.75 million. The compounding business sourced and manufactured specific unlicensed medicines referred to as ‘specials’ in a range of formulations for supply across the UK market…
STOCKHOLM: Skanska, a world leader in construction and project development throughout the Nordic region, has divested 220 rental apartments in Stockholm, Sweden, to NREP for about SEK 720 million, a news release said. The multi-family project, which is under construction, includes a garage and commercial premises on the ground floor. The transaction will be recorded…
OSLO: Mowi ASA has announced an agreement to divest its 50% stake in DESS Aquaculture Shipping to an entity controlled by Antin Infrastructure Partners. Mowi has invested EUR 60m in DESS Aquaculture Shipping to date and our share of proceeds is EUR 115m. Mowi will recognise a gain of approximately EUR 55m in Financial EBIT…
TROMSØ: ArcticZymes Technologies ASA (AZT) has today entered into a Share Purchase Agreement (SPA) with Lallemand Inc’s subsidiary, Danstar Ferment AG for the divestment of AZT’s Biotec BetaGlucans AS subsidiary (BBG), a news release said· The transaction is based on an Enterprise Value of NOK 70 Million payable in cash at closing – expected end…
PARIS: Total announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal. The transaction remains subject to approval by the Gabonese authorities. The price to be paid by Perenco…
LONDON, UK: AstraZeneca has agreed to sell the commercial rights to Seroquel and Seroquel XR in the US and Canada to Cheplapharm Arzneimittel GmbH. Cheplapharm will make an upfront payment of $35 million to AstraZeneca and may also make future sales-contingent payments of up to $6 million. Seroquel and Seroquel XR, used primarily to treat…