LONDON, UK: Clipper Logistics plc has entered into an agreement to acquire the entire issued share capital of CE Repair Services Group B.V (CE Repair) in the Netherlands. The initial consideration is €12.5m in cash, with up to a further €5.0m deferred consideration dependant on EBIT growth to €3.5m in calendar year 2024. The assets…
Author: Ali Mirza
Kavango Resources signs option to acquire 85.23% of Kalahari Key Mineral
LONDON, UK; Kavango Resources plc (LON:KAV) has entered an exclusive, three month option to acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Limited (KKME) in a proposed all share-transaction. Kavango can exercise the option at its sole discretion. Kalahari Key Mineral Exploration Proprietary Limited (KKME) is a privately owned company, which currently owns 100% of…
Chesnara Plc agrees to buy Robein Leven for £13 million
LONDON, UK: Chesnara Plc has entered into an agreement with Monument Re Group to acquire Robein Leven, a specialist provider of traditional and linked savings products, mortgages and annuities in the Netherlands. It is expected to complete in the first half of 2022. Chesnara plc, through its existing Netherlands-based closed book platform, the Waard Group,…
Vitol offers to acquire Vivo Energy for $2.3 billion
LONDON, UK: Vitol Investment’s newly formed BidCo has signed an agreement to acquire the entire issued and to be issued share capital of Vivo Energy (excluding Vivo shares held by the existing Vitol shareholders) for $2.3 billion, a bourse filing said. BidCo is a company indirectly owned by Vitol Investment Partnership II Limited (VIP II),…
ContourGlobal & EIP buy Italy’s Green Hunter Group for €45.6mn
LONDON, UK: ContourGlobal plc, in partnership with Energy Infrastructure Partners AG (EIP), has completed the acquisition of Green Hunter Group S.p.A., a portfolio of Solar Photovoltaic assets totalling 18 MW located in Italy. It was signed on June 4, 2021 and completed on 23 November for €45.6 million on a debt free, cash free basis….
Brickability acquires HBS NE Limited for £5.5 million
LONDON, UK: Brickability Group (LON:BRCK) has acquired HBS NE Limited and its trading names HBS New Energies and UPOWA, for a consideration of £5.5 million, a bourse filing noted on Wednesday. HBS NE marks Brickability’s first acquisition in the renewable energy products sector and the 13th strategic acquisition by the Group in the last three…
Kingswood Holdings to acquire IBOSS Group for up to £16mn
LONDON, UK: Kingswood Holdings Limited (LON: KWG), the international wealth and investment management group, has agreed to acquire Metnor Holdings Limited (IBOSS Group). Metnor Holdings is based in Harrogate and is the holding company for IBOSS Asset Management Limited (IBOSS) and Novus Financial Services Limited. The consideration payable to the shareholders of Metnor includes initial…
Inform Information Systems to acquire Universe Group for £33.1mn
LONDON, UK: The boards of directors of Universe Group and Inform Information Systems Limited (IISL) have reached agreement on the terms and conditions of a recommended cash offer by IISL for the entire issued, and to be issued, ordinary share capital of Universe Group. Under the terms of the acquisition, each Universe Group shareholder will…
Nightcap Plc acquires Barrio Familia for £4.935 million
LONDON, UK: Nightcap Plc (LON: NGHT) has acquired the entire issued share capital of Barrio Familia Ltd and its subsidiaries, a news release noted. As a result of the Acquisition, the board of Nightcap expects that the Group’s results for the 53 weeks ending 3 July 2022 will be significantly ahead of current market expectations….
Halma Plc acquires Infinite Leap for up to $47 million
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired Infinite Leap Inc. for its Medical sector business, CenTrak, which provides real-time location services for healthcare facilities. Infinite Leap is a healthcare consulting and services provider for real-time location technologies, based in Fargo, North Dakota, USA, which is also developing unique new…
Unilever to sell ekaterra tea business to CVC Capital Partners for €4.5bn
LONDON, UK: Unilever has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis. ekaterra is the world’s leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO®. The business generated revenues of around €2…
Hochschild announces $100mn Aclara Resources IPO on TSE
LONDON, UK: Hochschild Mining PLC (LON: HOC) announced the launch of the initial public offering (IPO) of Aclara Resources on the Toronto Stock Exchange (TSX). Aclara Resources has filed a prospectus in Canada qualifying the distribution of the Aclara Shares issuable pursuant to the Demerger Dividend under applicable Canadian securities laws. Concurrently with the Aclara…