LONDON: Oakley Capital Investments (OCI), a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund V has been granted exclusivity with a view to acquiring a co-controlling stake alongside Eurazeo in I-TRACING, the leading independent provider of cybersecurity services in France. The transaction is subject to consultation with I-TRACING’s employee representative…
Author: Bernice Miles
Averon Park offers to acquire Foresight Sustainable Forestry Company for £167 million
Arizona Bidco Limited, a newly formed vehicle, wholly-owned, indirectly, by Averon Park Limited, reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of Foresight Sustainable Forestry Company Plc (FSFC) that the Averon Park Group does not already own. Under the terms of the acquisition,…
EP Corporate and J&T Capital agree to acquire International Distribution Services for £3.568 billion
LONDON, UK: A newly formed company owned indirectly EP Corporate Group and J&T Capital Partners reached agreement on the terms and conditions of a recommended cash offer for the entire issued, and to be issued, ordinary share capital of International Distribution Services plc (IDS), other than the IDS Shares owned or controlled by VESA Equity…
CBS signs deal to acquires The Co-operative Bank Holdings for £780 million
LONDON, UK: Coventry Building Society (CBS) has reached an agreement to acquire The Co-operative Bank Holdings p.l.c., the parent company of The Co-operative Bank p.l.c. (Bank Holdings). This acquisition, valued at £780 million, will see CBS take control of the entire issued share capital of Bank Holdings. The deal, which is expected to be finalized…
Tate & Lyle sells its remaining 49.7% interest in Primient to KPS Capital Partners
LONDON: Tate & Lyle PLC has announced the sale of its remaining 49.7% interest in Primient to KPS Capital Partners, LP, marking the completion of a six-year strategic overhaul aimed at positioning the company as a leader in specialty food and beverage solutions. The transaction, valued at 6.5 times EV/EBITDA for the year ended 31…
Hardide plc appoints Matt Hamblin as new CEO
LONDON: Hardide plc, the provider of advanced surface treatment solutions, has appointed Matthew (Matt) Hamblin, currently a non-executive director of the Company, as its new permanent CEO, effective from 3 June 2024. Steve Paul, who is currently serving as interim CEO, will continue to work closely alongside Matt in a sales and business development capacity….
Advanced Energy Industries proposes to acquire XP Power Limited for £468 million
LONDON, UK: Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in precision power conversion, has made a public offer to acquire XP Power Limited (LSE: XPP). The offer, detailed in a series of escalating bids, culminated in a £19.50 per share cash proposal, valuing XP Power’s equity at a staggering £468 million. The journey…
British Land sells 50% stake in Meadowhall Shopping Centre to Norges Bank for £360m
LONDON, UK: In line with its strategy to focus on retail parks and reduce exposure to covered shopping centres, British Land announced that it has exchanged contracts for the sale of its 50% stake in Meadowhall Shopping Centre to its partner Norges Bank Investment Management for £360m. This follows the sale of some ancillary land…
Raspberry Pi Ltd announces potential IPO on London Stock Exchange
LONDON: Raspberry Pi Ltd, a leader in low-cost, high-performance computing, is considering an initial public offering (IPO) and intends to applying for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. Raspberry Pi is a…
Amur Minerals Corporation acquires Extruded Pharmaceuticals
LONDON: Amur Minerals Corporation, now an AIM Rule 15 cash shell, has executed a sale and purchase agreement to acquire Extruded Pharmaceuticals Limited (EPL), a UK-based innovator in cancer treatment technology. The acquisition, valued at £5.5 million, will be satisfied through the issuance of 23,939,986 new ordinary shares. This strategic acquisition is a reverse takeover…
SDCL sells its UK onsite solar portfolio, UU Solar, to UK Power Networks for £90.8 million
LONDON: SDCL Energy Efficiency Income Trust plc has sold its UK onsite solar portfolio, UU Solar, to UK Power Networks Services Holdings Limited, the private networks business of UK Power Networks Group, for a consideration of £90.8 million. The agreed price represents a 4.5% premium to the Company’s 30 September 2023 valuation. The UU Solar…
Public Policy Holding has acquired Lucas Public Affairs for initial $7.5 million
LONDON, UK: Public Policy Holding Company (AIM: PPHC), the government relations and public affairs group, has acquired Lucas Public Affairs LLC (LPA), a premier California-based public affairs firm, for an initial consideration of $7.5 million. The acquisition is immediately accretive to the Group’s underlying earnings, a statement noted. This is PPHC’s third significant acquisition since…