LONDON, UK: Taylor Maritime Investments Limited, the specialist dry bulk shipping company, completed the sale of one of the two vessels committed for sale as announced on 13 December 2021. The vessel is a Chinese built, Handysize vessel (38k dwt) which comprised part of the IPO seed portfolio. The sale of the second vessel is…
LONDON, UK: Macfarlane Group has sold Macfarlane Labels Limited and its subsidiaries, Macfarlane Group Ireland (Labels & Packaging) Limited and Macfarlane Group Sweden AB (collectively Macfarlane Labels) which was completed on 31 December 2021. Macfarlane Labels designs and prints high quality self-adhesive and resealable labels, principally for FMCG companies. Macfarlane Labels is being acquired by…
LONDON, UK: Johnson Matthey Plc (JM), a global leader in sustainable technologies, has entered into an agreement for the sale of its Health business to Altaris Capital Partners for a total consideration of £325 million representing an implied transaction multiple of 9.8x underlying EBITDA of £33.0 million for the 12 months to 30th September 2021….
LONDON, UK: SIMEC Atlantis Energy Limited (SAE) has agreed the sale of its subsidiary Green Highlands Renewables (GHR) for a total cash consideration of £3 million, payable in full on completion. Green Highlands Renewables (GHR) has successfully developed and commissioned over 50 hydro schemes across Scotland. Under the terms of the transaction, VH Auslandsbeteiligungen GmbH…
LONDON, UK: Oakley Capital announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes in ACE Education (ACE), a leading private vocational higher education platform in France and Spain. OCI’s share of proceeds will be approximately c.£16 million. As part of the transaction, Oakley Capital Origin Fund…
LONDON: Invinity Energy Systems (LON: IES) has concluded contracting on another project awarded funds by the California Energy Commission (CEC). This follows the Company’s announcement in Q4 2020 that it has been selected for a number of projects funded by the CEC, California’s primary energy policy and planning agency. Invinity has entered into a contract…
LONDON: Goldplat plc announced that all conditions precedent in respect of the sale of Kilimapesa to Mayflower Gold Investments Limited have been either met or waived and that the sale of Kilimapesa is now complete. The completion of the Transaction will enable Goldplat to focus on its recovery operations and Mayflower Gold’s parent company Mayflower…
LONDON: Rambler Metals and Mining plc has closed the previously announced sale of non-core assets to Maritime Resources Corp. The non-core assets include the Company’s existing gold circuit at the Nugget Pond metallurgical facility and a number of Canadian exploration properties and royalties. Eason Chen appointed CFO at Rambler Metals and Mining Key terms of…
LONDON: HSS Hire Group has entered into an unconditional agreement to sell Laois Hire Services Limited, the Group’s Irish large plant hire business, to Briggs Equipment Ireland Limited for a cash consideration of €11.2 million. The proceeds will be used to invest in the core Tool Hire business in line with the Group’s strategy. With…
MONTRÉAL: Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate. As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China as well as its product…
LONDON: Tesco Plc confirmed that it has completed the sale of its business in Poland to Salling Group A/S. There will now be a transition period of up to 18 months, during which time, Tesco stores in Poland will be converted to Netto.
LONDON: The Weir Group PLC has completed the sale of its Oil & Gas division to Caterpillar Inc., a news release said. The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on 5 October 2020 and approved by Weir Shareholders on 23 November 2020. Since…