LONDON: Crimson Tide plc (AIM: TIDE), the provider of the process management platform mpro5, has named Jon Clarke as Chief Executive Officer, effective immediately. Clarke had served as Interim Chief Operating Officer of the company since October 2024. His appointment finalizes board-level changes at Crimson Tide as the firm looks to expand its market presence….
Author: Ali Mirza
Assura delivers strong FY25 growth with £3.1bn healthcare portfolio and ESG milestones
LONDON: Assura plc, the UK-based specialist healthcare property investor and developer, reported a robust financial performance for the year ended March 31, 2025, underscoring its commitment to long-term growth and sustainable infrastructure. The company’s investment property value rose to £3.1 billion, marking a 14.4% increase from the prior year. A valuation gain of £58 million…
Reckitt to divest essential home unit to Advent International for up to $4.8 billion
LONDON: Reckitt Benckiser Group plc announced Friday it will divest its Essential Home business to Advent International in a deal valued at up to $4.8 billion, marking a key milestone in Reckitt’s strategic shift toward a leaner, consumer health-focused portfolio. As part of the transaction, Reckitt will retain a 30% equity stake in Essential Home,…
Norcros Plc acquires Norway’s Fibo Group in NOK 618 million deal
LONDON: In a strategic move to boost its presence in high-growth European bathroom segments, UK-based Norcros plc has announced its agreement to acquire the entire issued share capital of Norway’s Fibo Holding AS from private equity firm FSN Capital. The transaction carries an enterprise value of NOK 618 million (approximately £45 million) and is subject…
Trifast returns to profit as strategic initiatives boost margins
LONDON: Trifast PLC (LSE: TRL.L), a global specialist in engineered fastenings, on Thursday reported a return to full-year profitability, as margin recovery and progress on its “Recover, Rebuild, Resilience” strategy helped offset challenging market conditions. For the year ended March 31, 2025, Trifast posted underlying EBIT of £15.6 million, up from £11.9 million the previous…
Mkango Resources to merge with Crown PropTech Acquisitions, creating Nasdaq-listed rare earths giant
LONDON: Mkango Resources Ltd. (AIM/TSX-V: MKA) announced Thursday that its subsidiary, Lancaster Exploration Limited, soon to be renamed Mkango Rare Earths Limited, has entered into a definitive merger agreement with Crown PropTech Acquisitions (OTC: CPTKW), a special purpose acquisition company based in the Cayman Islands. The deal, expected to close in the fourth quarter of…
MISSION Group plc appoints John Carey as new chief executive officer
LONDON: MISSION Group plc (AIM:TMG) announced that following an external process, John Carey has been appointed to the Board as Chief Executive Officer with effect from 1 September 2025. John draws on over 30 years of extensive experience in leading global businesses, most recently holding executive positions at Castrol, BP plc and Abu Dhabi National…
WPS Global offers to acquire Ricardo Plc for $358 million
LONDON: WSP Global Inc., a leading professional services firm, has agreed to acquire British engineering and environmental consultancy Ricardo PLC in a deal valued at approximately £281 million ($358 million). Under the terms of the acquisition, Ricardo shareholders will receive 430 pence per share in cash, representing a 28% premium over Ricardo’s closing price of 335 pence on June…
Pinewood.AI to acquire Lithia’s stake in North American JV in $76.5 million deal
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the joint…
Venture Life to sell CDMO business and non-core products in €62 million deal
LONDON: Venture Life Group (AIM: VLG), a leading player in consumer healthcare innovation, has entered into a binding agreement with Italy-based contract development and manufacturing organization (CDMO) BioDue S.p.A. for the sale of its CDMO business and certain non-core products. Under the agreement, BioDue—a portfolio company of The Riverside Group—will acquire 100% of the issued…
FirstGroup plc has acquired Matthews Coach Hire Limited
LONDON: FirstGroup plc has acquired Matthews Coach Hire Limited, an independent, family-owned coach and bus operator in Ireland, founded in 1995. With a fleet of more than 40 vehicles that includes two newly-acquired electric coaches the business is built around the operation of six licensed, commercial routes between two key and rapidly growing commuter towns,…
FTV VIII offers to acquire Windward Ltd for £216 million
LONDON: FTV VIII, L.P., through Octopus UK Bidco Limited, reached agreement on the terms of a recommended cash acquisition of Windward Ltd. Under the terms of the acquisition, Windward shareholders will be entitled to receive 215 pence per Windward share in cash. The acquisition values the entire issued and to be issued ordinary share capital…