Deals this week: Platinum Equity, Seafarms Group Ltd, Nippon Suisan Kaisha Ltd
Private equity investment firm Platinum Equity will acquire Broadway Industrial Group’s Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses for S$150m ($110.8m).
Private equity investment firm Platinum Equity will acquire Broadway Industrial Group’s Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses for S$150m ($110.8m).
Broadway Industrial Group Limited is a manufacturer and supplier of foams, pulps and thermo-formed packaging products based in Singapore.
Seafarms Group Ltd will issue 78.48m shares in private placement to raise A$7.1m ($5.40m) in a transaction that is expected to be completed by next week.
The Australian producer and exporter of seafood products will offer the shares at a price of A$0.09 ($0.06) each.
"Seafarms Group Ltd will issue 78.48m shares in private placement to raise A$7.1m ($5.40m) in a transaction that is expected to be completed by next week."
The company will also offer 43.89m shares at a price of A$0.09 ($0.06) each in a second tranche of private placement. It intends to raise A$3.9m ($2.96m) through the offering.
Nippon Suisan Kaisha Ltd will raise up to ¥16.8bn ($167.88m) through public and private offering of shares.
The company will issue 5.07m new shares through private placement and 30.15m new shares through public offering.
Nippon Suisan Kaisha is a Japanese company engaged in the production and retailing of frozen food, shelf-stable food and other processed food.
Image: Broadway Industrial is a leading provider of foam solution packaging for various industries. Photo: courtesy of Acdx.