LONDON: Supply@ME Capital plc (SYME), a fintech company that offers a platform for businesses to access cashflow from their inventory, has announced a new deal with Banco BPM S.p.A. (BBPM), Italy’s third largest financial services group. The deal involves an initial transaction of up to €10m with an existing client of BBPM, who is a…
Author: Bernice Miles
IRIS Software Group secures co-controlling investment from LGP in £3.15bn deal
LONDON, UK: IRIS Software Group, a global leader in accountancy, payroll, HR and education software and services, has announced a co-controlling investment from LGP, a Los Angeles-based private equity firm, in a deal that values the company at around £3.15bn. The deal will support IRIS’s growth in the US market, where it already generates over…
GlobalData sells 40% stake in Healthcare division to Inflexion for £446m
LONDON, UK: GlobalData, a leading provider of data and analytics, has announced a major reorganisation of its business and a strategic partnership with Inflexion, a private equity firm. The deal will see Inflexion acquire a 40% stake in GlobalData’s Healthcare division, which offers insights and intelligence on the pharmaceutical, medical device, and biotechnology sectors. The…
Codex Acquisitions signs terms to acquire TNE – Technologies New Energy for up to £33 million
LONDON, UK: Codex Acquisitions plc (LSE: CODX) has entered into non-binding heads of terms (HOTs) to acquire the entire issued share capital of TNE – Technologies New Energy S.A. (TNE), a sociedade anónima incorporated in Portugal operating in the renewable energy sector, in consideration for an issue of new ordinary shares of nominal value 10…
Keywords Studios has acquired The Multiplayer Group for £76.5 million
NOTTINGHAM, UK: Keywords Studios has acquired The Multiplayer Group Ltd (MPG), a multiplayer focused game development studio headquartered in Nottingham, UK, for £76.5 million. The Group has acquired the business from Improbable, the metaverse company, which has owned MPG since 2019. MPG is one of the largest and most respected developers of AAA multiplayer games…
Valereum Plc agrees to acquire GSX Group, a Gibraltar based fintech company
LONDON, UK: Valereum Plc, the Gibraltar technology group, signed agreement to acquire the GSX Group, a Gibraltar based fintech company, seeking to unlock capital and create value in tokenised digital markets as a leading provider of technology solutions and as an exchange and marketplace operator. Through a strategic share purchase agreement, Valereum is acquiring 100%…
Serco Group to acquire European Homecare (EHC) for €40 million
LONDON, UK: Serco Group Plc has agreed to acquire European Homecare (EHC), a specialist provider of immigration services to public sector customers in Germany. The business is to be acquired from Korte-Stiftung for €40m (£34m). In the year ended 31 December 2023, revenue for European Homecare (EHC) is expected to be around €150m (£130m). Completion…
Elixirr International has acquired Insigniam LLC and Insigniam SAS for $18.5 million
LONDON, UK: Elixirr International’s US subsidiary Elixirr Inc. announced the acquisition of all of the issued and outstanding membership interests of Insigniam LLC and Insigniam SAS (by Elixirr International ), for a maximum consideration payable of US$18.5 million. Insigniam is a US-headquartered consultancy firm with 50+ personnel specialising in supporting clients and executives to define…
Roche signs deal to acquire Schroders’s Carmot Therapeutics for upto $3.1 billion
LONDON, UK: Schroders Capital’s portfolio company Carmot Therapeutics Inc. has entered into a definitive agreement to be acquired by Roche, a global pharmaceutical company, at a purchase price of $2.7 billion upfront and the potential for $400 million in milestone payments, a bourse filing noted. The agreement is expected to close in the first quarter…
KKR offers to acquire Smart Metering Systems plc for £1.3 billion
LONDON, UK: Kohlberg Kravis Roberts & Co. L.P. (KKR), through a newly formed Sienna Bidco, reached agreement on the terms of a recommended all cash acquisition of Smart Metering Systems plc (SMS) at the rate of 955 pence in cash per share valuing SMS at £1.3 billion on a fully diluted basis, and this implies…
Trive Capital Partners offers to acquire Ten Entertainment Group for £287 million
LONDON, UK: Neon Buyer Limited, backed by Trive Capital Partners LP reached agreement to acquire Ten Entertainment Group plc (TEG) at the rate of 412.5 pence in cash. The acquisition values TEG’s entire issued, and to be issued, ordinary share capital at approximately £287 million on a fully diluted basis. It and implies a multiple…
iomart Group signs deal to acquire Accesspoint Group for upto £6.4 million
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing company, has agreed to acquire the entire issued share capital of Accesspoint Group Holdings Limited, the holding company of Accesspoint Technologies Limited. Based in North East London, Accesspoint is an IT hosting partner focused on the UK legal industry since 2009. Accesspoint Group provides a…