LONDON, UK: Team17 has acquired The Label, a USA based indie publisher specialising in mobile subscription games content for an initial consideration of $24.0 million (£17.76 million) with additional earn out consideration of up to a maximum of $16.0 million (£11.84 million) over the next three years. The total consideration of up to $40.0 million (£29.6…
Author: Ali Mirza
Gary Bisbee appointed Head of Investor Relations at Thomson Reuters
TORONTO: Thomson Reuters announced Gary Bisbee has joined the company and will transition into the role as its next Head of Investor Relations, effective March 1, 2022. Bisbee will succeed Frank Golden, who informed the company of his intention to retire in July 2022 after 18 years in the role. Based in New York, Gary…
Capita agrees to sell AMT Sybex for £40mn
LONDON, UK: Capita plc has agreed to sell its AMT Sybex software business to Jonas Computing (UK) Limited, in a deal that values AMT Sybex at up to £40m. AMT Sybex is the leading provider of critical utilities and infrastructure software in the UK. Its software facilitates efficient and reliable energy provision by balancing supply…
Arxada AG acquires Enviro Tech Chemical Services
BASEL, SWITZERLAND: Arxada AG has completed the acquisition of Enviro Tech Chemical Services, effective 22 December 2021. Financial details of the deal have not been disclosed. Enviro Tech Chemical Services is a category-leading manufacturer of proprietary and high-efficacy antimicrobial and biocidal products. The acquisition represents the second strategic deal by Arxada, formerly known as Lonza…
Flutter Entertainment acquires Italy’s online gaming operator Sisal
LONDON, UK: Flutter Entertainment announced the acquisition of Sisal, Italy’s leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of €1.913bn (£1.62bn). This acquisition fully aligns with the Group’s strategy of investing to build leadership positions in regulated markets globally. The transaction is likely to complete during Q2 2022 and is…
Uniphar acquires E4H, Devonshire Healthcare and Navi Group
DUBLIN: Uniphar plc announced the acquisitions of UK-based brand commercialisation and pharmaceutical marketing agency, E4H, UK-based pharmaceutical distributor Devonshire Healthcare Services and Irish-headquartered pharmacy services group, Navi Group. E4H offers a wide range of digital and communications solutions to the pharmaceutical industry, including brand and strategy commercialisation, digital development, omnichannel delivery, engagement and data analysis….
Inspecs acquires Ego Eyewear for £6.175mn
LONDON, UK: Inspecs Group plc has acquired 100% of Ego Eyewear Limited and its operating subsidiaries in Sweden and Hong Kong for an initial consideration of £6.175m and a deferred consideration partly based on performance over the next 3 years. Ego is expected to have revenue of £8.9m for the year to 31 December 2021…
Global Infrastructure Partners buys 25% of Scotia Gas Networks
LONDON, UK: OMERS has announced the sale of its entire 25% stake in Scotia Gas Networks Limited (SGN) and its group of companies including the Issuers to Global Infrastructure Partners (GIP). The transaction is expected to complete within the current financial year and is conditional on certain regulatory approvals. Scotia Gas Networks (SGN) is the…
B.P Marsh sells 40.5% stake in Walsingham Motor Insurance for £4.6mn
LONDON, UK: B.P. Marsh, the specialist investor in early-stage financial services businesses, has sold its stake in investee company Walsingham Motor Insurance Limited (WMIL), a London-based Managing General Agency, which specialises in UK Courier and Taxi fleet motor insurance. B.P. Marsh sold its 40.5% shareholding in WMIL for £4.6 million in cash. As part of…
Grafton Group to acquire Sitetech Building Products in Ireland
LONDON, UK: Grafton Group has agreed to acquire Sitetech Building Products, the market leader in the distribution of specialist construction accessories in Ireland where the business trades from two locations in Dublin and Cork. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Grafton Group is the…
Graft Polymer plans to list on London Stock Exchange
LONDON, UK: Graft Polymer (UK) Plc expressed intention for its shares to be admitted to the standard segment of the Official List of the FCAand to trading on the Main Market for listed securities of the London Stock Exchange. Admission is expected in early January 2022. Graft Polymer has developed a proprietary set of polymer…
Schroders to acquire 75% in Greencoat Capital Holdings for £358mn
LONDON, UK: Schroders plc has reached agreement to acquire a 75% shareholding in Greencoat Capital Holdings Limited for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch revenue targets, the continued employment of the senior management team in the Greencoat business…