LONDON, UK: Grover it has completed its Series C funding round. Berlin-based Grover, the leading consumer-tech subscription platform, has raised $330 million in equity and debt funding from new and existing investors. The new round implies a value of the Company’s stake of £42.7 million, and would represent an implied uplift of £24.1 million compared…
Author: Ali Mirza
Hyve Group selling Russian business to Rise Expo for £72mn
LONDON, UK: Hyve Group plc, the next-generation global events business, announced the proposed disposal of its Russian business. A wholly owned subsidiary of the company has entered into a conditional agreement with Rise Expo Limited with respect to the sale of the Russian Business for a maximum cash consideration of £72 million, wholly structured as…
Major milestone achieved for AQRU.io platform
LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (“DeFi”), announced that its wholly owned subsidiary, Accru Finance Ltd. has signed up over 10,000 customer accounts and reached £16.5 million in assets under management on its proprietary cryptocurrency yield-generating platform, AQRU.io, a significant milestone in the Company’s growth. The milestone was achieved…
Mitie Group acquires telecoms tower design house, P2ML
LONDON, UK: Mitie Group plc has acquired P2ML, a specialist telecoms tower design house, which will further expand its Telecoms Acquisition, Design and Construction (ADC) capabilities following the acquisition of DAEL Telecoms last year. P2ML has market leading expertise in providing design, construction, inspection and maintenance services for cellular telecoms infrastructure, enabling major network operators…
Lords Group acquires plumbing and heating businesses,DH&P for £9.3mn
LONDON, UK: Lords Group, a leading distributor of building materials in the UK, has acquired a 90% interest in the leading plumbing and heating businesses, DH&P Trade Counters Holdings Limited and DH&P HRP Holdings Limited (together ‘DH&P’), for a total consideration of £9.3 million. The remaining 10% interest in DH&P’s issued share capital will be…
Safestore acquires remaining 80% share of Benelux Joint Venture
LONDON, UK: Safestore Holdings has acquired the remaining 80% of the equity owned by Carlyle Europe Realty (CER) in the Joint Venture formed in 2019. The total consideration paid to Carlyle was €67m. The total initial cash outflow is €139m and includes the share purchase (€67m), refinancing of the existing borrowings (€67m), transfer tax and…
Brickability Group buys Beacon Roofing Limited for £6.5 million
LONDON, UK: Brickability Group plc (AIM: BRCK), the leading construction materials distributor, announced the acquisition of Beacon Roofing Limited for a consideration of £6.5 million. Beacon Roofing Limited, founded in 1993, is a Surrey based roofing contractor that provides a full range of roofing services across the South East of England, predominantly for national house…
Ebiquity acquires US-focused media audit specialist,Media Management LLC
LONDON, UK: Ebiquity plc, a world leader in media investment analysis, announced the proposed acquisition of Media Management LLC (MML), a US-focused media audit specialist, for an initial consideration of £6.1 million with a deferred consideration element payable in 2025. Ebiquity Inc., US subsidiary of Ebiquity plc, will acquire MML. Media Management LLC (MML) is…
Anglo American completes sale of remaining shareholding in Thungela Resources
LONDON, UK: Anglo American plc has announced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a…
S-Ventures Plc agrees to acquire Market Rocket Limited
LONDON, UK: S-Ventures Plc has reached an agreement to acquire the whole of the issued share capital of Market Rocket Limited, a dynamic, growth-focused digital agency that partners exclusively with product and brand owners globally to identify and realise significant digital business opportunities. Subject to contract and due diligence, the acquisition is expected to complete…
RWS Holdings acquires Liones Holding for €20 million
LONDON, UK: RWS Holdings plc, a unique world-leading provider of technology-enabled language, content and intellectual property services, has acquired Liones Holding B.V. for €17.5 million (on a cash-and-debt free basis) with additional payments of €2.5 million due on each of the first and second anniversaries of completion. The flagship product of Liones is Fonto, the…
TPXimpact Holdings acquires Peak Indicators Ltd and Swirrl IT Ltd
LONDON, UK: TPXimpact Holdings Plc (AIM: TPX), the technology-enabled services company focused on digital transformation, announced the conditional acquisition of the entire issued share capital of both Peak Indicators Ltd and Swirrl IT Ltd. The acquisitions are strategically important to TPX, significantly expanding the Group’s capabilities in artificial intelligence (AI), data science and analytics. Together…