LONDON, UK: Next Fifteen Communications Group announced two acquisitions that strengthen its largest businesses in its Customer Delivery segment: Activate and Agent3. This area of business drives lead generation and Account-based Marketing (ABM) programmes using digital channels for customers in the B2B technology sector. Under the respective terms of the deals, Activate Marketing Services LLC…
Author: Bernice Miles
Melrose Industries selling Ergotron business to The Sterling Group for $650mn
LONDON, UK: Melrose Industries Plc has entered into an agreement to sell its Ergotron business, to funds managed by The Sterling Group for total consideration of approximately $650 million, payable in cash on completion. Ergotron is a leading designer, manufacturer and distributor of ergonomic products for use in a variety of working, learning and healthcare…
John Wood Group sells Built Environment Consulting to WSP for $1.9bn
LONDON, UK: John Wood Group has signed an agreement for the sale of its Built Environment consulting business (Built Environment Consulting) to WSP Global Inc. for gross proceeds of approximately $1.9 billion. Robin Watson, Chief Executive, said: “We are very pleased to have agreed this sale with WSP. This transaction will deliver significant value for our shareholders…
Tullow Oil and Capricorn Energy agree on all share business combination
LONDON, UK: The boards of directors of Tullow Oil and Capricorn Energy have reached agreement on the terms of a recommended all-share combination of Tullow and Capricorn to create the Combined Group. It is intended that the combination will be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies…
Oxford Metrics sells infrastructure asset management division, Yotta, for £52mn
LONDON, UK: Oxford Metrics plc (LSE: OMG) announced the sale of its infrastructure asset management division, Yotta, to Causeway Technologies for a cash consideration of £52.0 million. Yotta today serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services – including highways, street…
Stagecoach acquires Kelsian Group’s east London bus operations for £20mn
LONDON, UK: Stagecoach Bus Holdings Limited has entered into binding agreements to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange for total consideration of £20 million. Upon completion, £10m will be payable, with a further £1m per annum payable for ten years commencing on the first anniversary following completion, subject to…
Hollywood Bowl acquires Splitsville, a Canadian-based bowling business
LONDON, UK: Hollywood Bowl announced the acquisition of Teaquinn Holdings Inc. (Splitsville), a Canadian-based bowling business, for a total consideration of CAD 17 million. The consideration (approximately £10.6 million) will be satisfied by an initial payment of CAD 13.6 million in cash and a deferred consideration of CAD 3.4 million. Acquisition highlights: · Teaquinn comprises of…
Parker-Hannifin Corp divests Aircraft Wheel and Brake Division to Kaman Corporation
LONDON, UK: Parker-Hannifin Corporation has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation, a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets. Parker’s Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel…
Tavistock Investments agrees to acquire LEBC Hummingbird Limited
LONDON, UK: Tavistock Investments (AIM: TAVI) has entered into an agreement to acquire the entire issued share capital of LEBC Hummingbird Limited. Hummingbird Limited is an unregulated business that provides research on the asset class allocations to be used within funds and model portfolios. Its service is designed to help investment managers match their investment…
Next Fifteen Communications agrees to acquire M&C Saatchi for £310.1mn
LONDON, UK: Next Fifteen Communications Group and the M&C Saatchi Independent Directors have reached agreement on the terms of a recommended cash and share acquisition by which the entire issued and to be issued ordinary share capital of M&C Saatchi will be acquired by Next Fifteen Communications, to be effected by means of a court…
Sopheon Plc acquires UK based cloud-based business, Solverboard
LONDON, UK: Sopheon Plc, the leading international provider of software and services for Enterprise Innovation Management solutions, announced the acquisition of the business and assets of Solverlink Limited (trading as Solverboard), a UK based cloud-based business specializing in the front-end of innovation management. Solverboard’s multi-tenant, SaaS product is used by both individual innovators and product…
AdvancedAdvT offers to acquire M&C Saatchi for £253.6 million
LONDON, UK: AdvancedAdvT Limited (ADV) has made an offer to acquire share capital of M&C Saatchi plc (Which it doesn’t already own), whereas M&C Saatchi shareholders have the option to take 2.53 ADV shares or 2.043 ADV shares plus 40 pence for every M&C share. Both the Cash and Shares Offer and the All Share…