LONDON, UK: Seplat Energy Plc, a leading Nigerian energy company, has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, Delaware. Completion of the Transaction is subject to Ministerial Consent and other required regulatory approvals. Seplat Energy will acquire the entire share capital of…
Author: Ali Mirza
Rolls-Royce CEO Warren East steps down
LONDON, UK: Rolls-Royce (LSE:RR.) announced that Warren East, Chief Executive, has decided to step down at the end of 2022, after nine years on the Board and almost eight years as CEO. As a result, the Board will now launch a thorough and extensive search for his successor. Anita Frew, Chair, said: “Warren is an exceptional…
Yamin ‘Mo’ Khan appointed Chief Executive Officer of Open Orphan
LONDON, UK: Open Orphan plc, a rapidly growing contract research company that is a world leader in testing vaccines and antivirals using human challenge clinical trials, has appointed Yamin ‘Mo’ Khan as Chief Executive Officer with immediate effect. Mo joined the Board as a Non-Executive Director (“NED”) in October 2021 and has worked closely with the…
Darktrace acquires Cybersprint B.V. for $53.7 million
LONDON, UK: Darktrace Plc, a global leader in cyber security AI, has entered into a definitive agreement to acquire the entire issued share capital of Cybersprint B.V., an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks. The acquisition of Cybersprint is aligned with…
S-Ventures acquires business and assets of Livia’s Health Foods
LONDON, UK: S-Ventures announced the acquisition of the business and assets of Livia’s Health Foods Limited for £355,000 payable on completion comprising £130,000 in cash and 321,429 new ordinary shares in S-Ventures issued at a price of 70p per share. Livia’s Health Foods is a UK manufacturer of natural, plant based, indulgent, innovative and healthy…
M&G plc acquires TCF Investment
LONDON, UK: M&G plc has announced the acquisition of investment manager TCF Investment (TCF) to become a provider of model portfolio services. The deal has been approved by the FCA. TCF Investment becomes part of M&G Wealth and will be rebranded in due course. TCF’s current service – MAPS – is tailored to meet a range…
Kingswood Holdings acquires financial advice business, Aim
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has exchanged and completed on an acquisition of Aim Independent Limited (Aim) an independent financial advice business based in Eastleigh serving clients throughout Hampshire. Following regulatory approval, the business will be acquired for total cash consideration of up to £3.6m, payable over a two-year period, £1.8m will be…
Ferrexpo appoints Jim North as permanent Chief Executive Officer
LONDON, UK: The Board of Directors of Ferrexpo plc (LSE: FXPO) announced the permanent appointment of Jim North as Chief Executive Officer (CEO) of the Group, effective immediately. Ferrexpo plc is the world’s 3rd largest exporter of high grade iron ore pellets to the global steel industry. Jim North has held the position as Acting…
Apax X Fund to acquire Alcumus and Ole Smoky Distillery
LONDON, UK: The Apax X Fund has signed a definitive agreement to acquire Alcumus, a global leader in technology-led risk management and compliance solutions. Apax X has also signed a definitive agreement to acquire a controlling stake in Ole Smoky Distillery, one of the fastest growing spirits companies in the US. Both transactions are expected…
Omega to sell diagnostic test kit manufacturing business to Accubio
LONDON, UK: Omega Diagnostics Group (AIM: ODX) has signed a conditional sale and purchase agreement with Accubio Limited, a wholly-owned subsidiary of Zhejiang Orient Gene Biotech Co. Ltd in relation to the sale of Omega’s diagnostic test kit manufacturing business and facility in Alva, Scotland, for a cash consideration of £1 million, payable at completion….
Informa divesting Pharma Intelligence Business to Warburg for £1.9bn
LONDON, UK: Informa Plc (LSE: INF.L) has agreed to divest Pharma Intelligence, the largest business within its Informa Intelligence division, to Warburg Pincus for £1.9bn, while separately commencing a share buyback. Informa Plc, the international B2B Markets, Knowledge Services and Business Intelligence Group today announced two significant steps in its 2021-2024 Growth Acceleration Plan II…
Ideagen Plc acquires MailManager for up to £29.15mn
LONDON, UK: Ideagen PLC (AIM: IDEA), a leader in compliance software for regulated industries, has acquired MailManager Limited for an upfront cash consideration of £26.4 million plus a deferred conditional earnout payment of up to £2.75 million, a bourse filing said. MailManager is an email management solution that helps businesses manage emails more efficiently and…