LONDON: InvestAcc Group, a UK pension administrator, said Thursday it has agreed to sell its wealth management and Appointed Representative businesses to a company owned by one of their directors for £12 million (about $16 million). The buyer, Edengate Wealth…
JPMorgan Chase has named Eleni Skoura as head of its Chase business in Germany, succeeding Daniel Llano Manibardo, according to Reuters on Thursday. Skoura will assume the role on Jan. 1 and report to Manibardo, who will take over as…
AI agent startup Manus has raised more than $500 million in its first funding round since Chinese regulators forced Meta to abandon its acquisition of the company, signaling that investor appetite for AI-agent startups remains strong despite the setback. Butterfly…
LONDON: Kelso, the main market listed investment vehicle, today announced a new investment in Likewise Group plc following the recent purchase of 5,000,000 shares at an average price of 30p. Following the rise in Likewise’s share price to c.40p, giving…
BUNNIK: Royal BAM Group N.V. has agreed to acquire A.Hak, a leading Dutch specialist in underground infrastructure, in a transaction valued at €504 million, the company announced Wednesday. The acquisition significantly strengthens BAM’s position in the fast-growing Dutch market for…
MOSCOW: Russia’s state nuclear company Rosatom said Wednesday it has taken full control of logistics group Delo, announcing plans to create the country’s largest network of rail, road and port terminals. Rosatom, which previously held 49% of Delo, bought the…
LONDON: Apollo Global Management has submitted a non-binding offer for Uniper, the German state-owned energy firm, joining a crowded field of suitors bidding for one of Germany’s largest utilities, Reuters reported. Potential bidders had until September 21 to submit indicative…
LONDON: Two of Britain’s only dedicated U.S. smaller-companies investment trusts have agreed to combine, with the activist hedge fund Saba Capital Management backing the deal and agreeing to cash out of its stake. JPMorgan US Smaller Companies Investment Trust plc,…
LONDON: Likewise Group PLC, a British floor coverings distributor, said Wednesday it has bought a range of assets from Headlam Group PLC and HFD Ltd., both in administration, for 14.9 million pounds in cash, plus value-added tax. The deal makes…
LONDON: IMI plc has agreed to acquire iSMA CONTROLLI S.p.A. from its current shareholders, including B.group and members of the management team. iSMA CONTROLLI, a leading provider of intelligent building automation systems, will become part of IMI’s Climate Control sector,…
LONDON: CEPS Plc said Tuesday that a majority-owned subsidiary has acquired Primary Teaching Services Limited, an East Yorkshire supplier of reward products for primary schools, in a deal worth up to £4.59 million. The subsidiary, Aford Awards Group Holdings Limited,…
Abenójar Tungsten aims to raise funds for El Moto mine, which it says could meet up to 20% of European demand LONDON: Abenójar Tungsten, S.A., the developer of one of the world’s largest undeveloped tungsten projects, announced Tuesday that it…