LONDON, UK: Insig AI plc (LON: INSG), the data science and machine learning solutions company, has entered into a conditional share purchase agreement to acquire the entire issued share capital of FDB Systems Limited. Insig AI plc will pay to the selling shareholders up to £10.0 million. FDB Systems specialises in the collection and structuring…
Author: Ali Mirza
Hyve Group to acquire 121 Group for up to £50 million
LONDON, UK: Hyve Group, the next-generation global events business, has agreed to acquire 121 Group (HK) Limited and 121 Partners Limited (121 Group) for initial consideration of $28 million. The estimated total consideration after earn-out is expected to be between approximately £42 million and £50 million. 121 Group is a market leading omnichannel meetings programme…
Caledonia to divest its holding in bioagilytix for $183mn
LONDON, UK: Caledonia Investments plc (LON:CLDN) announced that the shareholders of portfolio company BioAgilytix, a leading provider of bioanalytical testing for large molecule research and development, have agreed terms of a majority investment in the company by international private equity firm Cinven. Cinven’s investment involves a sale of Caledonia’s interest in BioAgilytix to Cinven. Caledonia’s…
Superdielectrics Group announces intention to float on LSE
LONDON, UK: Superdielectrics Group intends to seek admission of the entire issued and to be issued share capital of the company to trading on the AIM market of the London Stock Exchange. The Company is focused on developing technology to build supercapacitors with high energy density, low cost, and environmentally benign electrical energy storage devices…
Landsec to create £135mn net zero transition investment fund
LONDON, UK: Landsec has announced the creation of a new £135m net zero transition investment plan to help the Group achieve its 2030 science-based targets and drive its transition to net zero. The move comes two years ahead of the Government’s recently announced deadline for corporates to publish their pathway to net zero. The fund…
108 Media to buy DCD Media’s subsidiary, NBD for £4.7mn
LONDON, UK: DCD Media has conditionally agreed to sell the entire issued share capital of NBD to 108 Media Limited for a total consideration of up to £4.7 million in cash. NBD is the company’s sole direct subsidiary. Timeweave Limited is a major shareholder of DCD Media. When Timeweave took control of DCD Media almost…
Ascential plc has acquired WhyteSpyder LLC
LONDON, UK: Ascential plc (LON: ASCL) has acquired WhyteSpyder LLC, an eCommerce software and digital merchandising business which helps brands succeed on Walmart‘s digital marketplace. WhyteSpyder provides retail managed services to more than 80 enterprise brands that trade on Walmart.com, utilising a mix of technology-driven search engine optimisation, retail insights, content management and rich media…
IMI plc to buy Adaptas Solutions at enterprise value of $271mn
LONDON, UK: IMI plc (LON: IMI) announced the proposed acquisition of Adaptas Solutions for an enterprise value of $271 million. Adaptas Solutions will become part of IMI’s Precision Fluid OEM Business Unit within IMI Precision Engineering. For the year ending 31 December 2021, Adaptas solutions is expected to generate revenues of c.$83m, with adjusted EBITDA…
Emaar achieves highest ever property sales of $7.12bn
DUBAI, UNITED ARAB EMIRATES: Emaar Properties (DFM: EMAAR) has achieved an impressive growth in property sales in nine months ended September 30, 2021 which increased by over 236 per cent to AED 26.146 billion (US$ 7.118 billion) compared to the same period in 2020. Led by its UAE development business and complemented by its international…
Creo Medical Group acquires Aber Electronics Limited
LONDON, UK: Creo Medical Group announced the acquisition of Aber Electronics Limited, a UK based manufacturer and designer of power amplifiers and radio frequency products, for a fixed cash consideration, plus a contingent consideration over three years. Creo Medical is an existing customer of Aber Electronics, using its products within the CROMA Advanced Energy Platform….
Liam Condon appointed new CEO of Johnson Matthey Plc
LONDON, UK: Johnson Matthey Plc announced that Robert MacLeod has advised the Board of his intention to retire as Chief Executive, and is pleased to announce that Liam Condon will succeed him. After nearly eight years as Chief Executive, Robert will step down from that role and from the Board on 28th February 2022 but…
Mode joins PayEscape to launch UK’s first Bitcoin Payroll product
LONDON, UK: Mode Global Holdings announced its partnership with PayEscape, one of the UK’s fastest-growing payroll providers, to pilot the first-ever Bitcoin Payroll product in the UK in conjunction with a supplier. Bitcoin Payroll is a monthly deduction of net pay that is converted into Bitcoin and deposited directly into a user’s Mode Bitcoin wallet….