Latest news with #strategicinvestment
Yahoo
a day ago
- Business
- Yahoo
Carnarvon Energy to acquire up to 19.9% of Strike Energy for A$89m
Carnarvon Energy is set to make a strategic investment in Strike Energy, acquiring up to 19.9% of the company for A$89m ($58m), issued as fully paid ordinary shares. The investment aims to capitalise on Strike's extensive gas asset portfolio and Western Australia's growing energy market. The board of Carnarvon Energy has deemed the investment in Strike Energy as the most favourable outcome following a strategic review and extensive due diligence. Carnarvon's investment will take place in two tranches. The first tranche involves a A$52m investment for a 13% shareholding, to be completed within five business days of the announcement. The second tranche of up to A$37m for a final shareholding of up to 19.9% is contingent upon Strike shareholder approval at a general meeting scheduled for September 2025. Carnarvon chair Rob Black said: 'Carnarvon is excited to become the largest shareholder of Strike Energy. 'Following the Bedout JV Operator's recent decision to delay the Dorado Development, the Carnarvon Board has been assessing value accretive opportunities for shareholders. 'The Carnarvon Board believes the Strike investment represents an attractive opportunity for the company to help Strike unlock the value in its high-quality portfolio of Perth Basin assets on attractive terms, whilst retaining full exposure to its own assets in the Bedout Sub-basin. 'The Carnarvon team looks forward to working collaboratively with the Board andmanagement team of Strike to deliver value for both sets of shareholders.' With this strategic investment, Carnarvon secures board representation rights in Strike and maintains its strong balance sheet, with at least A$96m in cash and a $90m carry for the CPC Dorado project. The company has decided to halt the previously announced potential capital return in favour of this investment. The funds provided to Strike by Carnarvon will support several key projects including the South Erregulla 85MW gas-fired power station, the Walyering domestic gas project, the West Erregulla gas project and the development of other Perth Basin opportunities. Strike chair John Poynton said: 'We welcome Carnarvon as a strategic partner and Strike's largest shareholder. Strike has a unique asset base with significant potential and Carnarvon's investment provides the financial capacity and flexibility to realise this potential. 'Strike remains focused on executing is revised strategy and remains well placed to support Western Australia's energy transition through the development of its high-quality Perth Basin assets.' In another development, Strike Energy has reported exceptional production test results from the Erregulla Deep-1 well, showcasing high flow rates and pressures, which bodes well for the future of the West Erregulla project. "Carnarvon Energy to acquire up to 19.9% of Strike Energy for A$89m" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
15-07-2025
- Business
- Yahoo
Lightview Capital Partners with Vermana, Pulexa, and nV Pools Through Strategic Investment in Leading Commercial Pool Services & Construction Platform (the "Company")
ORLANDO, Fla., July 15, 2025 /PRNewswire/ -- Lightview Capital announced today a strategic, majority investment in three affiliated commercial pool service companies—Vermana, Pulexa, and nV Pools. Headquartered in Orlando, FL, the newly consolidated platform ("Vermana") is positioned to become the preeminent provider of commercial pool solutions across Florida and the broader Southeastern United States. With decades of combined experience and a shared operational vision, the three companies will collectively operate under one go-forward brand, which will be announced at a later date. The platform offers comprehensive, end-to-end services—from new construction to ongoing support, maintenance, and renovation—catering to commercial properties across the region. "We are excited to be partnering with the founders, Edgar, Andres, Domingo, and the broader team," said Stan Bikulege, Principal at Lightview Capital. "The combination of these three organizations creates a leading, full-service provider of commercial pool solutions, capable of providing a fully outsourced solution to its customers. We look forward to further supporting Vermana's customers throughout Florida and the Southeast." The investment will support Vermana's rebrand rollout, geographic expansion, and strategic acquisition strategy, enabling the platform to meet the growing demand for professionalized and scalable pool services in one of the fastest-growing commercial markets in the U.S. "Vermana represents the type of platform Lightview is proud to support — entrepreneur-led, highly capable, and solving meaningful service gaps in a fast-growing market," said Conor Mullett, Co-founder and Managing Director at Lightview Capital. "We're thrilled to back a business that is redefining standards in commercial aquatic services." Edgar Marinelarena, the go-forward CEO of Vermana, said, "Strategically, our vision has always been to become a one-stop shop in the aquatics industry. This partnership with Lightview Capital will not only help unlock expansion but also fill in those strategic gaps that will ultimately raise the bar of excellence in servicing our customers. We are grateful to Parcrest Advisors for introducing us to our new partners. Together with Lightview, we are excited to take our business to the next level." Andres Gomez (Founder of Vermana) said, "Over the past decade, we are proud to have built one of the largest and most reputable commercial swimming pool service and construction companies in the state of Florida. Our unwavering commitment to each of our customers and the tight-knit culture we have built amongst our team have allowed our company to grow and succeed beyond our wildest expectations. Today, it is with great pleasure that we announce a partnership with Lightview Capital, who will guide us through our next chapter of growth." The Company was advised by Parcrest, which served as exclusive financial advisor to the sellers. About the Company Vermana is a platform formed through the combination of three Florida-based commercial pool companies: Vermana, Pulexa, and nV Pools. Together, the Company delivers a full suite of construction, renovation, service and maintenance offerings for commercial clients across the Southeast. Vermana is committed to raising the bar for professionalism, quality, and reliability in the pool services industry. For more information, visit HOME | Vermana About Lightview Capital Lightview Capital is a leading private equity firm focused on investing in founder-owned companies in the business services and tech-enabled services industries. Lightview partners with its portfolio companies by providing deep industry knowledge, insightful experience, and active resources to unlock growth and drive value. Lightview Capital's approachable investment style combines deep operational and financial experience with an entrepreneurial spirit that delivers measurable results. For more information, visit About Parcrest Founded in 2016, Parcrest is a blue-chip middle market investment bank providing M&A and capital raise advisory services to companies in the consumer and industrials sectors. For more information, visit Contact for Lightview Capitallvermette@ View original content: SOURCE Lightview Capital Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
15-07-2025
- Business
- Zawya
EFG Hermes advises Nesma & Partners on strategic acquisition of Al Yusr Industrial Contracting Company
This strategic investment positions Nesma & Partners as the leading integrated industrial services platform, enhancing its capabilities across the energy, infrastructure, and industrial sectors in alignment with Saudi Arabia's Vision 2030 development objectives. Riyadh, EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded its advisory role to Nesma & Partners, the leading integrated projects solutions company in Saudi Arabia, on the acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in the Kingdom. EFG Hermes acted as the sole buyside financial advisor to Nesma & Partners. Saud Altassan, CEO of EFG Hermes KSA, added: 'This transaction is a strong testament to the strength and depth of Saudi Arabia's industrial sector and reflects our commitment to empowering key national players that are actively shaping the Kingdom's transformation. We are honored to have supported Nesma & Partners on this important milestone and remain focused on driving impactful, value-creating advisory work that aligns with Vision 2030's goals of localization, diversification, and sustainable growth.' Commenting on the transaction, Karim Meleka, Co-Head of Investment Banking at EFG Hermes, said: 'We are proud to have supported Nesma & Partners in executing this strategic acquisition, which reflects our continued commitment to advising regional champions as they grow, transform, and contribute to national development priorities. This transaction marks a pivotal moment in Nesma & Partners' evolution and enhances its capacity to deliver high-value services across the whole asset lifecycle.' AYTB brings over four decades of specialized expertise in operations and maintenance (O&M), manufacturing, and industrial services across critical sectors such as oil & gas, petrochemicals, and power generation. AYTB will continue to operate as an independent company within the Nesma & Partners group, preserving its organizational structure, brand, and operational autonomy. Nesma & Partners group is the leading provider of integrated project solutions in the Kingdom of Saudi Arabia. With a strong legacy in contracting, Nesma & Partners has grown its footprint both locally through its contracting and industrial services and globally through its wholly owned subsidiary, Kent, a renowned leader in engineering and project management services. What began in 1981 as a contracting firm to meet the growing demands of an emerging economy in the rapidly developing Kingdom of Saudi Arabia, has evolved today into a diversified group delivering end-to-end, reliable, and innovative services across the energy, infrastructure, and building sectors, spanning consulting, engineering, construction, commissioning, operations, and maintenance. Jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund (PIF), the group is deeply committed to Saudi Arabia's Vision 2030, driving national transformation through consistent innovation, strategic capacity building, and a firm dedication to sustainable growth. Since the beginning of the year, EFG Hermes has advised on 5 M&A transactions and 6 ECM transactions across the region, including landmark transactions in Egypt, UAE, Saudi Arabia, and Oman, underscoring its leadership in regional markets. -ENDS- About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt.
Times of Oman
13-07-2025
- Business
- Times of Oman
Oman Airports signs strategic MoU to develop land around Muscat airport
Muscat: Oman Airports signed a Memorandum of Understanding (MoU) with WCT International Sdn Bhd to explore and develop strategic investment opportunities across lands surrounding Muscat International Airport City. The move comes as part of Oman Air's ongoing efforts to support economic growth and tourism development in the Sultanate of Oman. The Memorandum of Understanding marks the beginning of a strategic collaboration aimed at developing a comprehensive master plan for the area. The initiative will focus on enhancing the commercial and leisure appeal of the airport city through the development of hospitality venues, entertainment spaces, interactive experiences, and other mixed-use services. The collaboration also includes workshops and planning sessions with Oman Airports' stakeholders to ensure optimal land utilisation and value creation. Both parties aim to maximise investment returns and create long-term value through joint projects and real estate ventures. This initiative underscores Oman Airports' strategic role in supporting Oman Vision 2040, strengthening Oman's position as a regional aviation and integrated development hub. -ONA
National Post
11-07-2025
- Business
- National Post
Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.
Article content Strategic investment aligns with Mogo's mission to build the future of intelligent finance through a dual-compounding fintech and Bitcoin capital strategy Article content VANCOUVER, British Columbia — Mogo Inc. ('Mogo' or the 'Company') (NASDAQ: MOGO; TSX: MOGO), a Canadian fintech on a mission to build the future of intelligent finance, empowering consumers to grow wealth through innovative financial products and a capital strategy anchored by Bitcoin, today announced it has completed a strategic investment of approximately 9% in Digital Commodities Capital Corp. ('Digital Commodities') (CSE: DIGI; OTCQB: DGCMF). Article content Digital Commodities is a publicly listed investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. These hard, non-fiat assets serve as the foundation of the company's treasury strategy and are intended to function as long-term reserves managed with discipline and transparency. Article content 'We believe Digital Commodities is building something foundational, an asset-backed public company model built on Bitcoin and gold,' said Greg Feller, President & Co-founder of Mogo. 'That's a category-defining strategy we're excited to be aligned with as both operators and long-term believers in Bitcoin.' Article content 'We're equally excited to work with Brayden Sutton and his team, who bring deep conviction, vision, and expertise to this emerging asset class,' added Greg Feller. Article content Digital Commodities' model is inspired by sound money principles and designed to offer public market investors access to the two most enduring stores of value in history, without dilution through operating businesses or speculative diversification. Mogo's investment reinforces the company's momentum and positions it to scale its hard asset balance sheet model in public markets. Article content Mogo's $1 million investment was made as part of Digital Commodities' non-brokered private placement and consisted of a subscription for 13.3 million units priced at $0.075 per unit. Each unit of Digital Commodities consists of one common share and one warrant to purchase a common share exercisable at $0.10. Article content This investment will be held alongside Mogo's other crypto-related investments, including its minority stake in Gemini, further advancing its strategic exposure to Bitcoin and the broader digital asset ecosystem. Article content This also supports Mogo's broader vision as a dual-compounding platform, combining a high-growth fintech operating business with a strategic Bitcoin treasury. Earlier this month, Mogo announced board authorization to allocate up to $50 million to Bitcoin, reinforcing its long-term conviction in hard assets as the cornerstone of capital preservation and growth. Article content About Mogo Article content Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Article content Digital Commodities is a public investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. The Company's mission is to establish a hard, non-fiat asset base and manage it with discipline, leveraging these assets as functional reserves in pursuit of long-term value creation. All capital decisions are guided by a sound money philosophy. Article content Article content Article content Article content Investor Relations investors@ Article content Article content Article content
