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…
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…
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…
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…
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…
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…
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,”…
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…
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…
NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following the receipt of the necessary regulatory approval. The sale consideration of €97.5 million was received…
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…