LONDON, UK: Cordiant Digital Infrastructure Limited announced that its Czech portfolio company, České Radiokomunikace a.s. (CRA), has agreed to acquire a pair of businesses from Aricoma a.s. in the data centre and cloud services market, Cloud4com and DC Lužice. The transactions represent a significant advance in both the scale and capability of České Radiokomunikace in…
Author: Ali Mirza
Focusrite plc has acquired Sheriff Technology Limited, trading as OutBoard
LONDON, UK: Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, announced the acquisition of Sheriff Technology Limited, trading as OutBoard. The initial cash consideration of £2.37 million will be funded from internal cash resources and existing facilities. There…
Malik Riaz’s Bahria Town Karachi: A Dream Turned Nightmare
Bahria Town Karachi (BTK) was once hailed as the largest and most luxurious private housing scheme in Pakistan, promising a modern and secure lifestyle for its residents. However, the project has been plagued by a series of scandals, controversies, and legal battles that have exposed its shady dealings, poor quality, and environmental damage. BTK has…
Everest Global signs deal to acquire Precious Link, a wine retailer
LONDON, UK: Everest Global Plc has entered into a share purchase agreement (SPA) with PI Distribution Investment Ltd, to acquire the entire issued share capital of Precious Link. Under the terms of the SPA, PI Distribution Investment Limited, a company incorporated and registered in the British Virgin Islands, has agreed to sell its wholly owned…
EasyJet CEO outlines growth strategy and ambitious targets
LONDON: In a presentation to shareholders on Wednesday, Johan Lundgren, the CEO of easyJet, revealed the airline’s growth strategy and ambitious targets for the next decade. He highlighted the airline’s resilience and competitive advantage in the European market, despite the challenges posed by the COVID-19 pandemic, the conflict in the Middle East, and the supply…
HeadFirst Global B.V. offers to acquire Impellam Group plc in a £483.2 million deal
LONDON, UK: Heather Global plc, a subsidiary of HeadFirst Global B.V., and Impellam Group plc have reached agreement on the terms of a recommended offer to which Heather Global will acquire the entire issued and to be issued share capital of Impellam Group. The cash consideration of 557.2 pence, the Loan Note Consideration of 392.8…
AstraZeneca signs deal to acquire Icosavax Inc. for $1.1 billion
LONDON, UK: AstraZeneca has entered into a definitive agreement to acquire Icosavax Inc. (NASDAQ: ICVX), a US-based clinical-stage biopharmaceutical company focused on developing differentiated, high-potential vaccines using an innovative, protein virus-like particle (VLP) platform. Under the terms of the agreement, AstraZeneca, through a subsidiary, will initiate a tender offer to acquire all of Icosavax’s outstanding…
Oxford Biomedica transforms into a pure-play CDMO in cell and gene therapy
LONDON, UK: Oxford Biomedica, a leading cell and gene therapy CDMO, has announced a business update for the year ending 31 December 2023. The update highlights the Company’s progress in transforming its operations, expanding its client base, and enhancing its capabilities across multiple viral vector platforms and sites. The Company has completed the reorganisation of…
Energean Plc enters Morocco gas market with Chariot deal
LONDON, UK: Energean plc, a Mediterranean gas producer, has announced a farm-in agreement with Chariot Limited, a UK-based oil and gas company, to acquire a stake in two offshore licences in Morocco. The deal includes the Anchois gas development, which has 18 billion cubic meters (Bcm) of gross reserves, and several exploration prospects. Energean will…
GSTechnologies to acquire 66.67% of Semnet Pte Ltd for $1.8 million
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into an agreement to acquire 66.67% of the issued share capital of Semnet Pte Ltd, a cybersecurity company based in Singapore, for a total consideration of US$1.8 million, payable through US$0.8 million in cash and US$1.0 million in new shares in the GST. Semnet is a profitable…
THG Plc agrees to acquire Biossance for a maximum $20 million
LONDON, UK: THG Plc has agreed to acquire prestige skincare brand Biossance for a maximum consideration of $20 million. Since inception in 2015, Biossance has generated global revenues of c. $300m and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges plus online through www.biossance.com, Lookfantastic and Cult…
Oxford Biomedica signs deal to acquire of ABL Europe for €15 million
OXFORD, UK: Oxford Biomedica plc has entered into a sale and purchase agreement with TSGH SAS, a subsidiary of Institut Mérieux SA, for the acquisition of ABL Europe SAS. Acquisition of ABL Europe by Oxford Biomedica for a consideration of €15 million (including the value of €10 million of pre-completion cash funding from Institut Mérieux…