LONDON, UK: A consortium led by Lightrock and Carbon Direct Capital has reached agreement on the terms and conditions of a recommended cash acquisition of Velocys Plc at the rate of 0.25 pence in cash per Velocys share. The consortium – Madison Bidco Limited – is a newly formed company indirectly owned by (i) a…
Author: Bernice Miles
Capita Plc agrees to sell stake in Fera Science to Bridgepoint for £60 million
LONDON, UK: Capita plc has agreed to sell its 75% stake in Fera Science Limited to Bridgepoint Group plc, for an enterprise value of £60m on a cash-free, debt-free basis. The deal values the total joint venture at £80m and represents a 10.8x multiple on a 2022 standalone EBITDA of £7.4m. The sale of Capita’s…
EnergyPathways to go public on AIM after acquiring Dial Square
LONDON, UK: EnergyPathways, an integrated energy transition company, has announced its intention to go public on the London Stock Exchange’s AIM market, following a reverse takeover of Dial Square, a special purpose acquisition vehicle. The company plans to raise a minimum of £2 million by way of a private placement to complete the deal and…
Maven Capital Partners agrees to acquire Newable Ventures Limited
LONDON, UK: Maven Capital Partners UK LLP, part of Mattioli Woods plc, has entered into an agreement to acquire the entire share capital of Newable Ventures Limited from Newable Capital Group Limited, subject to regulatory approval. This acquisition follows recent discussions between Maven and the Newable Capital Group executive and will allow Maven to expand…
Ashtead Technology has acquired ACE Winches for £53.5 million
LONDON, UK: Ashtead Technology Holdings (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, announced the acquisition of the entire share capital of Rathmay Limited, the parent company of ACE Winches, from its founders Alfie and Valerie Cheyne, for a total cash consideration of £53.5 million. The transaction…
GSTechnologies signs option agreement to acquire 60% of EasySend Ltd
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into an option to purchase agreement to acquire 60% of the share capital of EasySend Ltd, a Northern Ireland incorporated company operating a cross-border payments business. EasySend is a Financial Conduct Authority (FCA) approved Authorised Payment Institution (API), conducting cross-border payment services. EasySend has a current estimated…
Artificial Intelligence Jobs that will Mark 2025
Artificial intelligence is evolving as we speak, and it’s bound to change industries and job markets in the following years. The demand for AI professionals is rapidly expanding, which will open up a huge amount of new opportunities. As the market of artificial intelligence jobs continues to grow, it’s clear that some positions are better…
abrdn European Logistics Income plc reviews options including sale of the company
LONDON, UK: abrdn European Logistics Income plc, a UK-listed company that invests in high-quality logistics real estate in Continental Europe, has announced that it is undertaking a strategic review of the options available to the Company, including a potential sale of the Company or its portfolio. The Company was launched in December 2017 with the…
Aviva to acquire Canadian vehicle replacement insurance business, Optiom for £100 mn
LONDON, UK: Aviva plc today announced the acquisition of Optiom O2 Holdings Inc from Novacap and other minority shareholders for consideration of c.£100 million. Optiom, which operates as a managing general agent (“MGA”), is a leading provider of vehicle replacement insurance in Canada and offers flexible payment options to customers. The acquisition expands Aviva’s capital-light…
Gfinity plc sells remaining 27.5% interest in Athlos Game Technologies to Tourbillon Group UK
LONDON, UK: Gfinity plc (AIM:GFIN) has today disposed of its remaining 27.5 per cent interest in Athlos Game Technologies Limited, its former proprietary esports technology business, to Tourbillon Group UK Limited. Athlos was originally created by Gfinity as an extension to its online platform and was used by the Esports Solutions Division, to deliver online…
Molten Ventures reaches agreement to acquire Forward Partners Group for £41.4 mn
LONDON, UK: Molten Ventures Plc has reached an agreement on the terms and conditions of a recommended all-share offer pursuant to which Molten will acquire the entire issued and to be issued share capital of Forward Partners Group. Under the terms, for each 9 Forward Partners shares held, shareholders will be entitled to receive one…
JTC Plc announces proposed acquisition of Blackheath Capital Management
LONDON, UK: JTC Plc, the global professional services business, announced the proposed acquisition of Blackheath Capital Management, a boutique asset management business based in the UK. Formed in 2010, Blackheath Capital Management provides management and regulatory oversight services to investment funds and offers ManCo services as an Alternative Investment Fund Manager (AIFM) as well as…