LONDON, UK: Essentra plc announced the disposal of ESNT Packaging & Securing Solutions Limited and Essentra Packaging US Inc and their respective subsidiary companies to Mayr-Melnhof Group (MM) for a cash consideration of £312 million, a statement noted. Mayr-Melnhof Group (MM) is the a leading producer of carton board and folding cartons based in Austria….
Author: Bernice Miles
Oakley Capital to sell its stake in Facile.it, Italy’s online price comparison platform
LONDON, UK: Oakley Capital has reached an agreement to sell its stake in Facile.it, Italy’s largest online price comparison platform, to Silver Lake, a bourse filing noted. Oakley Capital Fund III invested in Facile.it in 2018, alongside EQT Private Equity. During the course of the investment the business has continued to pioneer the Online Price…
Jade Road Investments announces partial divestment in Meize Energy Industries
LONDON, UK: Jade Road Investments Limited (AIM: JADE) has successfully negotiated a partial divestment in Meize Energy Industries Holdings Limited, one of the leading privately-owned wind turbine blade manufacturing companies in China, currently the third-largest holding in the Company’s portfolio, a bourse filing noted. On the 23rd of November 2011, the Company, through its wholly-owned…
Smart Metering Systems acquires n3rgy Data Ltd, Clenergy EV Limited,
LONDON, UK: Smart Metering Systems, a fully integrated energy infrastructure company owning and managing meter assets, energy data, grid scale batteries and other carbon reduction (CaRe) assets, is pleased to announce two strategic investments, accelerating the Group’s capabilities in the electric vehicle (EV) charging infrastructure asset class and further expanding its service offering in energy…
AssetCo agrees to acquire SVM Asset Management for £10.7mn
LONDON, UK: AssetCo (AIM: ASTO), the agile asset and wealth management company, has reached agreement to acquire the entire issued share capital of SVM Asset Management Holdings Limited, the holding company to SVM Asset Management Limited for a total consideration of approximately £10.7 million, a bourse filing noted. The consideration will be satisfied by the…
Shaftesbury Plc to merge into Capital & Counties Properties
LONDON, UK: Capital & Counties Properties (Capco) and Shaftesbury PLC have reached agreement on the terms of a recommended all-share merger to form the combined group to be called Shaftesbury Capital PLC on completion, a statement noted. It is intended that the merger will be implemented by way of a scheme of arrangement of Shaftesbury,…
SpareBank 1 SR-Bank takes over corporate customer portfolio of Swedbank
OSLO, NORWAY: SpareBank 1 SR-Bank is taking over a corporate customer portfolio of around NOK 5.6 billion from Swedbank and entering a partnership that will result in greater growth and a stronger offer for the customers, a statement said. “The divestment and the partnership will enable us to strengthen the focus on our core business,…
ITV to acquire Plimsoll Productions £103.5 million
LONDON, UK: ITV plc has agreed to acquire a majority interest of 79.5% in Plimsoll Productions, the largest independent producer of natural history programmes in the world and a growing premium factual producer, for a cash consideration of approximately £103.5 million, valuing Plimsoll at an Enterprise Value of £131 million, a notice said. Founded in…
LifeSafe Holdings announces IPO on AIM market of London Stock Exchange
LONDON, UK: LifeSafe Holdings plc, a fire safety technology business with innovative fire safety products, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. The Group is seeking to raise £3 million by way of a placing of new ordinary shares, which is expected to…
Senior plc agrees to acquire Spencer Aerospace Manufacturing for £48mn
LONDON, UK: Senior plc has signed a definitive agreement to acquire substantially all of the assets of Spencer Aerospace Manufacturing, LLC, a leading manufacturer of highly engineered, high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications. Senior has agreed to pay £48m ($60m) for Spencer Aerospace, comprising an initial consideration of £24m…
Keywords Studios to acquire Forgotten Empires LLC for $32.5 mn
LONDON, UK: Keywords Studios, the international technical and creative services provider to the global video games industry, has entered into a conditional agreement to acquire Forgotten Empires LLC, a full service game development studio, for a total consideration of up to US$32.5m. The acquisition will further the Group’s strategy to become the ‘go to’ technical…
Sarah Jones appointed new Chief Executive of Anchor Hanover Group
LONDON, UK: Anchor Hanover Group announced the appointment of Sarah Jones as Chief Executive from 1 August 2022. It follows Jane Ashcroft’s decision to step down from the role at England’s largest not-for-profit provider of housing and care for older people. Sarah is currently Anchor’s Chief Financial Officer and has been a member of the…