LONDON, UK: The Boards of TwentyFour Income Fund Limited (TFIF) and UK Mortgages Limited (UKML) have agreed the terms of a proposed merger of the two companies, a bourse filing said. The merger will be effected by way of a scheme of reconstruction of UKML, consisting of the winding-up of UKML, the transfer of UKML’s…
Author: Ali Mirza
Jennie Daly appointed CEO of Taylor Wimpey plc
LONDON, UK: Taylor Wimpey plc announced that Jennie Daly has been appointed as CEO, effective from the conclusion of the Annual General Meeting on 26 April 2022. To recall, Pete Redfern will be stepping down as CEO of the company after more than 14 years of outstanding service in the role, the Board is delighted…
ULS Technology launches conveyancing partnership with Moneyfacts
LONDON, UK: ULS Technology plc (AIM:ULS), the provider of online digital platforms for the UK conveyancing and financial intermediary markets, announces that eConveyancer has launched an exclusive conveyancing partnership with comparison website, Moneyfacts. The partnership will enable customers using Moneyfacts to search for and instruct a conveyancer from eConveyancer’s panel of more than 50 audited…
Gravis Capital announces £300mn IPO of GCP Co-Living REIT on LSE
LONDON, UK: Gravis Capital Management Limited announced intention to launch an initial public offering (IPO) of GCP Co-Living REIT on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial placing and offer for subscription for a target issue of 300 million ordinary shares at an initial…
Kingswood Holdings acquires Allotts Financial Services for £2.5mn
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has acquired Allotts Financial Services Limited (AFS) for total cash consideration of up to £2.5m, payable over a two year period, £1.25m will be paid at closing and the balance paid on a deferred basis, some of which is subject to the achievement of pre-agreed performance targets. AFS…
Knights Group agrees to acquire Langleys Solicitors for £11.5mn
LONDON, UK: Knights Group, one of the UK’s fastest growing legal and professional services businesses, has agreed to acquire Langleys Solicitors LLP, a leading independent law firm in York and Lincoln. Under the terms of the acquisition, Knights will acquire Langleys from its four existing equity partners on a debt free, cash free basis for…
Ebiquity plc acquires Canada based Forde and Semple Media Works
LONDON, UK: Ebiquity plc announced the acquisition of Forde and Semple Media Works, the leading media performance consultancy in Canada. Forde and Semple has a well-established domestic blue chip client base and a long-standing relationship with Ebiquity in support of projects covering Canadian media. It had revenues of CAD $1.1m in the financial year ended…
ConvaTec Group agrees to acquire Triad Life Sciences
LONDON, UK: ConvaTec Group has entered into a definitive agreement to acquire Triad Life Sciences Inc, a US-focused medical device company that develops biologically-derived innovative products to address unmet clinical needs in surgical wounds, chronic wounds and burns. The initial consideration is $125 million with two potential additional payments of $25 million each relating to…
M&G acquires leading impact investor, responsAbility Investments
LONDON, UK: M&G plc, the international savings and investments business, has agreed to acquire a majority stake in responsAbility Investments AG, a leader in impact investing focused on private debt and private equity across emerging markets. M&G has agreed to acquire approximately 90% of the issued share capital of responsAbility, and expects to acquire the…
M&G signs digital wealth partnership with Moneyfarm
LONDON, UK: M&G plc is partnering with Moneyfarm, a leading digital investment specialist, to provide direct investment services to UK consumers. M&G Wealth, the company’s UK wealth management arm, will use Moneyfarm’s existing technology, digital capabilities and investment guidance journeys to back its own branded proposition. Direct investing in the UK has seen rapid growth…
River and Mercantile Group to sell US Solutions business for $8.6mn
LONDON, UK: River and Mercantile Group (R&M) announced the proposed sale of its US Solutions business, River and Mercantile LLC to Agilis Holding Company for a minimum consideration of $8.6 million. Description of the business: · The company operates independently to the UK Solutions business and focuses on improving investment outcomes for a range of…
Marlowe signs deal to acquire Optima Health Group for £135mn
LONDON, UK: Marlowe Plc, the leader in business-critical services and software, has entered into a binding agreement to acquire Optima Health Group Limited for £135 million. Marlowe also announced a proposed placing to raise gross proceeds of c.£130 million through the issue of new ordinary shares of 50 pence each to new and existing investors….