LONDON, UK: AssetCo, a UK-based asset management company, has announced the sale of its 70% stake in Rize, a thematic ETF specialist, to ARK Invest, a US-based ETF provider. The deal will give AssetCo an up-front payment of £2.625m, a deferred payment of £2.625m and an earn out provision of up to £5.25m over five…
Author: Bernice Miles
TPXimpact Holdings has sold Questers for cash consideration of £7.5 million
LONDON, UK: TPXimpact Holdings PLC (AIM: TPX) has sold Questers Resourcing Limited and Questers Bulgaria EOOD to pwrteams OÜ, the outsourcing and team augmentation business owned by Nortal AS for cash consideration of £7.5m. Questers is based in Sofia, Bulgaria and has around 300 employees who provide cross-border IT support and related services to the…
Aviva plc agrees to sell its 25.9% stake in Singapore Life Holdings for £0.5 billion
LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash at closing. Sumitomo Life will pay consideration of £0.5 billion (SGD 0.9 billion) for Aviva’s…
Reabold boosts stake in LNEnergy and Colle Santo gas field
LONDON, UK: Reabold Resources plc, an oil & gas investing company, has increased its stake in LNEnergy Limited by 1.6% to 17.6%, with a cash investment of £250,000. LNEnergy holds an exclusive option over a 90% interest in the Colle Santo gas field, a large gas resource in Italy with two production wells ready and…
Concord Cadence agrees to takeover Round Hill Music Royalty for $468.8 million
LONDON, UK: Concord Cadence Limited has agreed to takeover Round Hill Music Royalty Fund (RHM) at the rate of $1.15/share translating into $468.8 million. Round Hill Music shareholders will receive the dividend of $0.01125 per RHM Share in respect of the quarter ended 30 June 2023 (as announced by RHM on 31 August 2023). In…
Pantheon Infrastructure to invest £35 million in electric vehicle fleet specialist Zenobe
LONDON, UK: Pantheon Infrastructure PLC has committed to invest approximately £35 million in battery storage and electric vehicle fleet specialist Zenobe, through a co-investment vehicle managed by Infracapital, a leading European infrastructure investor that has raised and managed over £7bn in assets. Zenobe provides essential infrastructure that contributes to international power and transport sector decarbonisation…
M.P. Evans Group expands its oil-palm plantations in Indonesia with $40mn acquisitions
LONDON, UK: M.P. Evans Group, a UK-based company that operates oil-palm plantations in Indonesia and Malaysia, has announced that it has agreed to buy two Indonesian companies that own and manage a total of 8,350 hectares of oil-palm plantations in East Kalimantan, Indonesia, for US$60 million. The two companies, P.T. Agro Bumi Kaltim (ABK) and…
Concurrent Technologies has acquired Phillips Aerospace for $3.375 million
LONDON, UK: Concurrent Technologies (AIM: CNC) a world-leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, announces that it has completed the acquisition of Phillips Aerospace, a designer and manufacturer of rugged systems solutions predominantly serving the defence sector but with capabilities and customers in both the medical and…
Dotdigital Group has acquired Fresh Relevance Limited for £25 million
LONDON, UK: Dotdigital Group plc (AIM: DOTD), the leading SaaS provider of an all-in-one customer experience and data platform (CXDP), announced the acquisition of Fresh Relevance Limited, a vendor of cross-channel personalisation technology. Dotdigital is paying a total consideration of £25.0 million, 100% payable on completion, with c.£18.9 million being satisfied in cash and c.£6.1…
ECI Partners agree to acquire Commify in a €300 million deal
LONDON, UK: Hg, the manager of HgCapital Trust plc (HGT), has agreed the sale of Commify, the UK-headquartered European leader in business messaging solutions to Local Enterprises, to ECI Partners. The terms of the transaction have not been disclosed and completion is subject to closing conditions. HGT, whose shares are listed on the London Stock…
Caledonia Investments signs deal to sell Seven Investment Management (7IM) for £255 million
LONDON, UK: Caledonia Investments plc has agreed terms for the sale of its majority stake in Seven Investment Management (7IM), a vertically integrated retail wealth management business, to Ontario Teachers’ Pension Plan Board (OTPP), a global investor with approximately C$250 billion in net assets. The transaction is subject to change in control approval by the…
Thor Energy partners with Fleet Space to explore copper-REE project
LONDON: Thor Energy Plc, a mineral exploration company, has teamed up with Fleet Space Technologies, a space technology company, to use its EXOSPHERE BY FLEET® technology to survey the Alford East Copper-REE Project in South Australia. The technology uses Ambient Noise Tomography (ANT) to scan the ground for low velocity zones that host oxide copper-REE…