LONDON: Caledonia Investments has invested £55m to acquire a majority stake in Direct Tyre Management Limited (“DTM”), the UK’s leading independent provider of outsourced tyre management services to fleet operators. The management team has reinvested alongside Caledonia to acquire 100% of the Business from investors including Palatine Private Equity. The acquisition exemplifies Caledonia’s strategy of…
Author: Ali Mirza
Tungsten West appoints Jeffery Court as Chief Executive Officer
LONDON: Tungsten West (LON:TUN) announced the appointment of Mr Jeffery Court as Chief Executive Officer (“CEO”) of the Company. The appointment is intended to be effective no later than 1 November 2024. David Cather, Chairman of Tungsten West, said: “On behalf of the Board, I am delighted to welcome Jeff as the CEO of Tungsten…
Genuit Group has acquired Sky Garden Limited, Omnie and Timoleon for a total £5.0 million
LONDON: Genuit Group plc, the UK’s largest provider of sustainable water, climate and ventilation solutions for the built environment, announced the acquisition of Sky Garden Limited, Omnie and Timoleon. Sky Garden Limited is a leader in green roof technologies providing design, supply, installation and maintenance services for green and bio-solar roofs, podium decks and green…
WPP Plc to sell its 50% stake in FGS Global to KKR for £611mn
LONDON; WPP plc (LSE/NYSE: WPP) has entered into an agreement to sell its entire majority stake in leading strategic communications and advisory firm, FGS Global, to Kite Bidco Inc., an entity controlled by investment funds managed or advised by Kohlberg Kravis Roberts & Co. L.P. (“KKR”). KKR first made a minority investment in the firm…
GreenX Metals to acquire copper project in Germany
LONDON: GreenX Metals Limited has entered into an rarn-in agreement through which GreenX can earn a 90% interest in Group 11 Exploration GmbH, a private German company which holds the Tannenberg exploration licence and is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits. GERMANY & EU MINING INDUSTRY· Germany has been a significant mining jurisdiction in…
Software Circle has acquired Link Maker Systems for £4.5m
LONDON: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of Link Maker Systems Limited. Link Maker’s adoption platform joins-up children’s social care across the UK to increase placement choice for children, and to improve use of data and collaboration between local authorities and adoption agencies. The total consideration of £4.5m will…
Ocula Technologies received £3.25m series A investment in a round led by Praetura Ventures
LONDON: Ocula Technologies Holdings, a growing SaaS business specialising in providing AI insights to e-commerce businesses, has received £3.25m of series A investment in a funding round led by Praetura Ventures, a UK based venture capital firm. Castelnau, a founding shareholder in Ocula, and Lloyds Banking Group via its fintech investment team, have also added…
Vodafone sells further 10% in Vantage Towers for €1.3bn
LONDON: Vodafone Group Plc announced the sale of a further 10% stake in Oak Holdings GmbH, the partnership that co-controls Vantage Towers, for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership…
Intelligent Ultrasound Group to sell Clinical AI business to GE for £40.5 million
LONDON: Intelligent Ultrasound Group plc (AIM: IUG), the ultrasound AI software and simulation company, has entered into a conditional sale and purchase agreement for the sale of its Clinical AI business to GE HealthCare for an enterprise value of £40.5 million on a cash free/debt free basis. The proposed transaction excludes the NeedleTrainer and NeedleTrainer…
Rio Tinto appoints Katie Jackson as Chief Executive of copper business
LONDON: Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. Katie Jackson is currently President of National Grid Ventures, responsible for the development and operation of large-scale infrastructure energy assets. She will join Rio Tinto on 1 September…
Spectris plc agrees to acquire Micromeritics Instrument Corp for upto $683 million
Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, has agreed to acquire Micromeritics Instrument Corporation for an upfront consideration of $630 million
Infinite Reality agrees to acquire Landvault for US$450 million
Infinite Reality (iR) has agreed to acquire Landvault for US$450 million in an all-share transaction. Landvault is a portfolio company of the Sure Valley Ventures Fund