LONDON, UK: Network International Payments (Network) announced the sale of its 50% shareholding in Transguard Cash LLC (TG Cash) to Transguard Group LLC, which will generate a total of approximately $74 million in cash. “Holding in TG Cash to be sold for c.USD 74 million, with the intention to deploy the cash proceeds into value…
Author: Ali Mirza
Victoria PLC agrees to acquire Graniser for €8.4 million
LONDON, UK: Victoria PLC announce the further expansion of its existing ceramic tile business and operations, having agreed to acquire Graniser, a mid-market manufacturer and exporter of ceramic tiles based in Izmir, Turkey. Graniser prepares and files audited statutory financial accounts in Turkey, which were audited by Deloitte from 2013 to 2019, with KPMG appointed…
Inmarsat agrees on business merger with Viasat
LONDON, UK: The Apax IX Fund, in which AGA is a limited partner, has agreed to an offer from Viasat for the entire ordinary share capital of Inmarsat, a leading provider of global mobile satellite communications services. The Apax IX Fund alongside consortium members Warburg Pincus LLC, Canada Pension Plan Investment Board, and Ontario Teachers’…
HICL buys 33.3% stake in Road Management Group for £34.4mn
LONDON, UK: HICL Infrastructure Plc has acquired, indirectly, a 33.3% interest in Road Management Group (RMG), a holding company which comprises two UK shadow toll roads: the A417/A419 Swindon-Gloucester and the A1 (M) Alconbury-Peterborough. The interest was acquired from Abertis Infraestructuras S.A. for a combined consideration of up to £34.4 million. This investment will be…
Recycling Technologies announces £40 million IPO
LONDON, UK: Recycling Technologies announced its intention to proceed with an initial public offering (IPO) to raise gross proceeds of up to £40 million on the AIM market of the London Stock Exchange. Recycling Technologies expects Admission to occur in December 2021. Recycling Technologies Limited is a UK-based engineering, research and manufacturing company that has…
Aramex plans diversification, expansion to remain resilient
ABU DHABI, UAE: Aramex, the Emirati multinational logistics company, plans further diversification and strengthen its global network to be resilient to deal with the challenges, such as supply chain disruptions. Othman Aljeda, Group Chief Executive Officer, Aramex, said: “Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and…
Spiritus Mundi intends IPO on London Stock Exchange
LONDON, UK: Special purpose acquisition vehicle, Spiritus Mundi, intends to launch an initial public offering (IPO) on the Main Market of the London Stock Exchange. Spiritus Mundi was established in 2021 as a special purpose acquisition vehicle which will seek acquisition targets in Europe and Asia in the clinical diagnostics sector. The Company will seek…
Tracsis acquires Icon Group Limited for up to £5.1 million
LONDON, UK: Tracsis Plc has acquired the entire issued share capital of Icon Group Limited. Headquartered in Dublin and established in 1994, Icon Group is an interdisciplinary geoscience company specialising in Earth Observation (EO), Geographical Information System (GIS) and spatial data analytics. Icon Group has several long-term repeat contracts and employs around 60 full-time staff,…
Arxada and Troy Corporation agree to merge
BASEL, SWITZERLAND: Arxada, a global specialty chemicals business, and Troy Corporation, a global leader in microbial control solutions and performance additives, have entered into an agreement to combine the two companies. This agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients or LSI and owned by private equity funds Bain…
SatoshiPay’s Pendulum raises $5 million
LONDON, UK: SatoshiPay has announced that Pendulum, its smart contract network dedicated to connecting fiat payment networks to decentralised finance (DeFi) networks, has raised $5 million in an oversubscribed private sale round of its upcoming PEN token from strategic partners. The funds raised will be used to continue the development of Pendulum. Pendulum is an open-source…
Knights Group acquires Archers Law LLP for £5.2 million
LONDON, UK: Knights Group, one of the UK’s fastest growing legal and professional services businesses, has agreed to acquire Archers Law LLP, a leading independent law firm based in Stockton-on-Tees. Established in 1860, Archers is one of the leading full-service independent law firms operating in the Teesside area. The acquisition sees 38 fee earners joining…
Foresight Sustainable Forestry Company launches IPO on LSE
LONDON, UK: Foresight Sustainable Forestry Company, an externally managed investment company that will invest in UK forestry and afforestation assets, announced the launch of its initial public offering (IPO) on the Premium Segment of the Official List and the Main Market of the London Stock Exchange. Foresight Sustainable Forestry Company plans a target issue of…