Acquisitions in Malta

Essential Turbines Inc. (ETI) has completed the acquisition of Malta-based AeroMaritime Mediterranean Ltd. (AML), a Rolls-Royce authorized MRO center. Following the deal, AML will operate as Essential Turbines Malta, expanding ETI’s European footprint and MRO capabilities to serve customers across Europe, Africa, and the Middle East. ETI is backed by Swift Anchor Holdings and Balance Point Capital.

EQT Infrastructure IV has signed an agreement to sell Melita, a digital infrastructure owner and operator in Malta, to Goldman Sachs Alternatives. Melita operates nationwide Gigabit fixed and 5G mobile networks and provides broadband, mobile connectivity, TV, and data center services, and the deal is subject to customary conditions including regulatory approvals.

MJ Foundation Fundacja Rodzinna, an entity related to Gentoo Media board member Mateusz Juroszek, acquired 115,604 shares of Gentoo Media Inc. in an insider transaction. Following the purchase, close associates of Mateusz Juroszek collectively hold 24,027,766 shares in Gentoo Media.

La Française des Jeux (FDJ) completed its public cash tender offer for Kindred Group plc at SEK 130 per Swedish Depository Receipt (SDR), valuing the transaction at nearly €2.5 billion. After the initial and extended acceptance periods, FDJ increased its ownership to 98.60% of Kindred’s outstanding shares and initiated a squeeze-out process to acquire the remaining shares and delist Kindred’s SDRs from Nasdaq Stockholm.

Gaming Innovation Group Inc. (GiG) acquired Titan Inc. Limited, a provider of SEO and content services for the online gaming sector, following a head-of-terms agreement signed in June 2024 and closing on Aug. 26, 2024. The €3.2 million transaction is intended to strengthen Gentoo Media (formerly GiG Media) by improving content/SEO quality, time-to-market, and delivering meaningful cost savings through operational consolidation.

easyJet and SR Technics finalized an agreement under which easyJet will acquire SR Technics’ aircraft maintenance facility in Malta. The transaction transfers the hangar operations and brings more than 400 employees into the easyJet Group as it expands in-house heavy maintenance capabilities. SR Technics described the deal as a divestment aligned with its strategic focus on engine MRO.

ZEDRA announced the acquisition of AlleyBe, a Maltese corporate services provider, trustee and Virtual Financial Asset (VFA) Agent. The deal strengthens ZEDRA’s operations in Malta by adding scale and expertise across corporate services, private wealth solutions, accounting, tax compliance, and related advisory services, and brings 25 AlleyBe team members into ZEDRA Malta.

Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE) signed and later completed an agreement to acquire 100% of the direct-to-consumer eCommerce business assets, brands, websites, and distribution/lab agreements associated with EasyDNA, a business within General Genetics Corporation. The consideration totaled US$4 million, consisting of US$2.5 million cash (including US$500k escrow) and US$1.5 million in Genetic Technologies ADRs issued to seller BelHealth Investment Fund LP, which became a ~2.3% shareholder upon closing on August 13, 2021.

AK Jensen Group (AKJ) announced the acquisition of FMG Malta Ltd., a full-scope Alternative Investment Fund Manager serving traditional and crypto hedge funds. Subject to regulatory approval by the Malta Financial Services Authority, the deal provides AKJ with additional regulatory structure, a Brexit pathway, and access to FMG’s distribution network and client base.

Hornetsecurity Group, a Germany-headquartered provider of cloud-based email security and data protection, agreed to acquire Altaro, a Malta-headquartered developer of backup solutions for Microsoft 365 and virtualized environments. The deal expands Hornetsecurity’s product portfolio and international footprint to create a broader cloud security, compliance, and backup platform across Europe. Hornetsecurity’s shareholders PSG and Verdane are supporting the transaction, and Altaro’s founders will take management roles within Hornetsecurity.

EQT Infrastructure IV has signed an agreement to acquire Melita Limited, a leading converged telecom infrastructure owner and services provider in Malta. The company is being acquired from Apax Partners and Fortino Capital, with Melita expected to continue under CEO Harald Rösch. EQT plans to support network upgrades, add an additional data centre location, and pursue international expansion including in Italy.