LONDON, UK: JPMorgan Multi-Asset Growth & Income plc (MATE) and JPMorgan Global Growth & Income plc (JGGI) have agreed to combine their assets in a scheme of reconstruction that will result in the liquidation of MATE and the issuance of new JGGI shares to MATE shareholders. The deal, which is subject to shareholder approval, will…
Author: Bernice Miles
Brickability Group has acquired Topek Southern Limited for £48m
LONDON, UK: Brickability Group (AIM: BRCK) has completed the acquisition of Topek Southern Limited (TSL) for a consideration of up to £48m through the acquisition of the entire issued share capital, business and operations of TSL Assets Limited. Established in 2009, Hampshire-based TSL delivers façade systems, fire remediation, roofing, and curtain wall solutions for both…
Argus Media acquires Hg’s stake in strategic deal
LONDON, UK: Argus Media, the global leader in energy and commodity intelligence, has announced a strategic deal to buy out Hg’s stake in the company. Hg, the manager of HgCapital Trust plc, had invested in Argus in 2016 and will now exit with a 7% uplift over its carrying value. The deal will make Argus’…
CEVA Logistics UK agrees to acquire Wincanton Plc for £566.9 million
LONDON, UK: CEVA Logistics UK Rose Limited, a company controlled by CMA CGM has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Wincanton Plc. The acquisition is intended to be affected by means of a scheme of arrangement. Under the terms, each…
Kaspi.kz, a leading fintech company in Central Asia, launches US IPO
LONDON: Kaspi.kz, a joint stock company that operates a digital platform for banking, e-commerce and payment services in Kazakhstan and neighboring countries, announced on Friday that it is launching a roadshow for its U.S. initial public offering (IPO). The company is offering 9 million American depositary shares (ADSs), each representing one common share, to investors…
Oakley Capital Investments agrees to acquire Steer Automotive Group
LONDON, UK: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund V2 (Fund V) has agreed to acquire Steer Automotive Group, the UK’s leading B2B automotive services platform. OCI’s indirect contribution via Fund V is expected to be up to £90 million. Steer Automotive Group is the UK’s largest and fastest-growing independent collision repair…
The London Tunnels announces intention to float on the Main Market of London Stock Exchange
LONDON, UK: The London Tunnels Plc announced its intention to seek admission to the standard segment of the Official List and to trading on the Main Market of London Stock Exchange plc, which is expected to take place in January 2024. The company plans to restore, adaptively reuse and bring back to life the Kingsway…
Informa Plc and TechTarget join forces to create New TechTarget, a US-listed B2B data giant
LONDON, UK: Informa Plc, a UK-based information services company, has announced a deal to merge its digital businesses with TechTarget, a US-based provider of data-driven B2B products for the technology sector. The deal will create a new entity called New TechTarget, which will be listed on the Nasdaq stock exchange and have a majority ownership…
The Property Franchise Group and Belvoir Group agree to merge in a £214.4 million deal
LONDON: UK: The Property Franchise Group PLC (TPFG) and Belvoir Group PLC (Belvoir) have announced a recommended all-share merger to create a leading property franchise business in the UK. The combined group will have more than 930 property franchise locations, managing over 152,000 tenanted properties and selling more than 28,000 properties per year. Under the…
Pennon Group has acquired SES Water at a total enterprise value of £380 million
LONDON, UK: Pennon Group plc has acquired 100% of the issued capital of Sumisho Osaka Gas Water UK Limited (SOGWUK), the holding company of Sutton and East Surrey Water plc (SES Water) and certain other ancillary businesses, for £89 million from Sumitomo Corporation and Osaka Gas, with a total enterprise value of £380 million. Pennon…
Graphic Cards and VR Technology: What’s New and Why It Matters for Minecraft
Minecraft, the sandbox game that lets players create and explore infinite worlds, has been a global phenomenon since its launch in 2009. With over 200 million copies sold and 126 million monthly active users, it is one of the most popular and influential video games of all time. But what makes Minecraft so appealing and…
The Artisanal Spirits Company acquire trade and assets of Single Cask Nation
LONDON, UK: The Artisanal Spirits Company (AIM: ART), owner of The Scotch Malt Whisky Society (SMWS), has acquired the trade and assets of US-based business, Single Cask Nation, effective 3 January 2024. Founded in 2011 by Jason Johnstone-Yellin and Joshua Hatton, Single Cask Nation is an independent bottling brand which sources, curates and bottles rare…