LAS VEGAS: Cannae Holdings Inc. has strategically entered into a forward purchase agreement with Trebia Acquisition Corp. in which Cannae, as an anchor investor and a founding member of the Sponsor Group, will purchase an aggregate of 7,500,000 Class A ordinary shares of Trebia, plus an aggregate of 2,500,000 redeemable warrants to purchase one Class…
Tag: investment
Li-S Energy makes $1.73mn investment in Zeta Energy
PERTH: PPK Group Limited announced that Li-S Energy has agreed to make an investment of USD $1.73 million into Zeta Energy LLC, a U.S. based battery technology company. Zeta holds leading technology focused on the commercialisation of energy packs using Graphene Carbon Nanotubes and Lithium Sulphur. This technology addresses some future battery market initiatives in…
AC Energy acquires 12.82% stake in Infigen Energy for AUD 90.4 million
SINGAPORE: AC Energy Inc, a wholly-owned subsidiary of Ayala Corporation, through its affiliate UAC Energy Holdings Pty Ltd, has directly and indirectly acquired a 12.82% stake in Infigen Energy Limited for AUD 90.4 million. Infigen is a renewable energy developer, generator, and retailer listed on the Australian Securities Exchange that owns and operates 670MW of…
Gresham House appointed investment manager to SEC
LONDON: Gresham House Asset Management Limited (GHAM) and Strategic Equity Capital plc (SEC) have entered into an investment management agreement whereby GHAM will become SEC’s new investment manager and alternative investment fund manager. The appointment will be effective from 21 May 2020. It remains the intention that Aberdeen Standard Gresham House Investment Management Limited, the…
Randall & Quilter Investment announces new equity investment into the group
LONDON: Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced US$100 million of new equity investment into the group. The new investment includes a US$80 million subscription by Brickell Insurance Holdings LLC, an investment vehicle controlled by 777 Partners, for a new series of preferred stock issued by Randall…
STL acquires 12.8% stake and Board representation in ASOCS
SANTA CLARA: Sterlite Technologies Ltd (STL), a global data networks innovator, has acquired a 12.8% stake and Board representation in ASOCS, a developer of open, disruptive and virtualized Radio Access Network (vRAN) solutions, delivering 4G and 5G for cellular networks. ASOCS is a pioneer in virtual Radio Access Networks (vRAN) and a provider of fully…
Oxford Nanopore announces £109.5mn of investment and secondary share sales
LONDON: IP Group’s portfolio company Oxford Nanopore Technologies Limited has raised £29.3 million of new capital and facilitated the secondary sale of £80.2 million of shares, an aggregate investment of £109.5 million. IP Group is the developer of intellectual property-based businesses. Following completion of the transaction, IP Group will hold an undiluted beneficial stake of…
Vietnam seeks improved trade, investment cooperation with Pakistan
KARACHI: Vietnamese government is keen to improve trade and investment cooperation with Pakistan, Deputy Director General of Vietnam’s Ministry of Industry & Trade Do Quoc Hung said at a business-to-business meeting at Karachi Chamber of Commerce and Industry (KCCI). He said that Vietnam’s global trade turnover was more than US$500 billion this year, of which…
Oakley to sale its stake in WebPros Group
LONDON, UK: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes in WebPros Group, a leading provider of web hosting automation software, to CVC Fund VII. In addition, Oakley Capital IV will invest $200 million alongside CVC Fund VII as a minority…
Danakali Limited signs $50mn strategic investment from AFC
LONDON: Danakali Limited has entered into a subscription agreement with Africa Finance Corporation (AFC) for a placement of fully paid ordinary shares to raise US$50 million. The Placement will be part of the overall funding package used for the development and construction of the Colluli Sulphate of Potash Project (Colluli or the Project) in the…
Ontario’s economic and fiscal outlook: government implements plan to build Ontario together
TORONTO: The Ontario province’s current 2019-20 deficit outlook is $9 billion; $1.3 billion lower than the target projected in the 2019 budget. “We will continue to implement our prudent and responsible approach to fixing our finances, balancing the budget by 2023, so that we can make critical investments and provide relief for families and businesses,”…
Amanat Holdings posts 38% increase in net profit
DUBAI: Amanat Holdings PSJC announced its consolidated financial results for the nine-month period ended 30 September 2019 recording an increase of 38% in net profit to reach AED 33.4 million in 9M-2019. Amanat Holdings is the GCC’s largest healthcare and education investment company. The increase in income from investments in 9M-2019 was led by strong…