LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, has reached an agreement to acquire Enterprise Software Systems (ESS), a leading provider of transportation management system (TMS) solutions. Founded in 1997 in the UK, ESS has a proven track record as a leading provider of…
Author: Ali Mirza
Shein eyes US expansion with $90 billion IPO plans amid criticism
NEW YORK: Shein, the Chinese online fashion giant that has taken the world by storm with its ultra-fast and ultra-cheap clothing, is preparing to go public in the United States, as it also seeks to expand its offline presence through a partnership with Forever 21. Shein has reportedly filed for an initial public offering (IPO)…
Argo Blockchain appoints Thomas Chippas as Chief Executive Officer and Director
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining, has appointed Thomas Chippas as Chief Executive Officer and Director with immediate effect. Thomas Chippas, most recently the Chief Executive Officer of CBOE Digital and a former member of its Board of Directors, is a New York-based executive with significant experience in digital assets,…
Tyman plc appoints Rutger Helbing as new Chief Executive Officer
LONDON, UK: Tyman plc, an international supplier of engineered fenestration components and access solutions to the construction industry, announced the appointment of Rutger Helbing as Chief Executive Officer (CEO) effective from 2 January 2024. Rutger’s appointment follows a rigorous and extensive process that included both internal and external candidates in conjunction with a leading executive…
Legal & General secures £4.8 billion full buy-in with Boots Pension Scheme
LONDON, UK: Legal & General Group plc has agreed to a £4.8 billion full buy-in with the Boots Pension Scheme, securing the benefits of all 53,000 retirees and deferred members of the Scheme. This is the UK’s largest single transaction of its kind by premium size and, for Legal & General, the largest single transaction…
Syncona Ltd to acquire all shares of Freeline Therapeutics at the rate of $6.5/share
LONDON, UK: Syncona Ltd’s newly established portfolio company has entered into an agreement with Freeline Therapeutics Holdings plc to acquire all of the shares of Freeline that Syncona does not currently own in an all-cash transaction. Syncona currently owns 49.7% of Freeline. Under the agreement, a newly established Syncona portfolio company will acquire Freeline for…
Wishbone Gold to acquire lithium and gold project in Western Australia
LONDON, UK: Wishbone Gold Plc, a mining exploration company, has announced that it has secured an exclusive option to acquire 100% of the Crescent East Lithium and Gold Project, located in the Pilbara Region of Western Australia. The project is situated in a prolific gold area and near some of the biggest lithium mines and…
FGS Global acquires Canadian communications & public affairs advisory, Longview
LONDON: FGS Global has acquired the leading Canadian communications and public affairs advisory firm Longview Communications and Public Affairs. The acquisition further strengthens FGS Global’s well-established capability and expertise in strategic advisory and communications, helping clients to navigate reputational challenges in an increasingly complex stakeholder, financial, regulatory and political environment. Longview will operate as FGS…
Dunedin Enterprise sells its stake in Premier Hytemp for £4.9m
LONDON, UK: Dunedin Enterprise Investment Trust PLC (DENT), a private equity investment company, has announced the sale of its investment in Premier Hytemp, a leading provider of engineered metal solutions. The sale has received regulatory approval and generated proceeds of £4.9m for Dunedin Enterprise Investment Trust. Premier Hytemp was one of the portfolio companies of…
CRH plc to acquire cement and concrete plants from Martin Marietta Materials for $2.1 billion
CRH completes $2.1bn acquisition of materials assets in Texas LONDON UK: CRH plc, the leading provider of building materials solutions, has reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials Inc. for a total consideration of $2.1 billion. The combined portfolio of assets…
Mercia Asset Management sells nDreams Limited to Aonic AB for $110million
LONDON, UK: Mercia Asset Management announced the profitable sale of nDreams Limited to Aonic AB for an enterprise value of £90.3million ($110million). Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself. This exit results in a 2.7x return on…
Hill & Smith plc acquires United Fiberglass of America for $14 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, today announced the acquisition of United Fiberglass of America Inc. Hill & Smith plc has completed the acquisition of the business and assets of United Fiberglass from a charitable foundation. The management team will be staying with the business. The…