The deal, completed in December through Arcapita’s Electric Invest Acquisitions vehicle, is Arcapita’s largest investment to date.
The company was attracted to Viridian by its revenue streams and potential to grow in the coming years.
Arcapita’s acquisition of power firm Viridian is indicative of an increasingly international flavour to deal making in Northern Ireland.
This is underpinned by an economy that has been expanding for almost four years.
Viridian’s regulated arm provides power to 800,000 homes and businesses in Northern Ireland.
Its unregulated division focuses on power generation in the Irish Republic and a third division provides power-related services. offers steady and predictable earnings from the regulated side of the business,” said Atif A. “Furthermore, the predicted growth in demand for electricity throughout Ireland should present substantial opportunities in the unregulated side of the business, and Viridian is well placed to grow market share significantly.” But it is not only megadeals on the international agenda, overseas businesses are also targeting smaller Northern Irish businesses.
Coleraine-based Ulster Stores acquired de Grucy from Merchant Retail Group plc.
Ruco has been plagued with dating rumors since he shot to fame in 2011 with the popular TVB legal drama, The Other Truth , Ruco topped gossip headlines when it was rumored that costars Selena Li (李詩韻) and Lee Yee Man (李綺雯) were fighting for his affections.
Around the same time, Ruco was rumored to be dating mainland Chinese actress Ma Su (马苏), with reports alleging that Ruco was the third party in her relationship with longtime boyfriend, Kong Linghui (孔令辉). While promoting Brother’s Keeper last year, gossip columns speculated that Ruco and his costar, Linda Chung (鍾嘉欣), were seeing each other.
However, the retail sector posted a slight decline in activity and only marginal growth.
Not only this, but Northern Irish managers recruited more employees than anywhere else in the UK and Eire in the same three month period, mainly because of the strain the increased new business was placing on the existing workforce.