LONDON, UK: DG Innovate Plc (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, announced the appointment of Peter Tierney as the Company’s new Chief Executive Officer, effective from 1 July 2022. Peter Tierney is an experienced Chief Executive with over 30 years’ experience in…
Author: Bernice Miles
Experian Plc to acquire majority stake in Brazil based MOVA for $7.9mn
LONDON, UK: Experian Plc, the global information services company, has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A. (‘MOVA’), a leading fintech in Brazil that helps equip any company, including non-banks, with the expertise and technology to perform data-driven credit assessments of their SME end-clients. SMEs are underserved by affordable credit in Brazil…
David McQuade to lead bpha, Futures Group and Flagship Group partnership
LONDON, UK: bpha, Futures Group and Flagship Group announced that should the partnership proposal go ahead, the new organisation would be led by David McQuade (Flagship CEO) who has been appointed CEO Designate. Flagship Chair, Peter Hawes has also been appointed Chair Designate for the new organisation with Mike Stevenson (Futures Chair) and Paul Leinster…
Mattioli Woods acquires Ferguson Financial Management Limited
LONDON, UK: Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, announced that its subsidiary Ludlow Wealth Management Group Limited has acquired the trade and assets of Ferguson Financial Management Limited for an initial consideration of £0.6 million and potential further consideration of up to £0.6 million dependent on the attainment of…
Kingswood Holdings to acquire Vincent & Co Ltd financial advisors
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) announced it has agreed on the acquisition of Vincent & Co Ltd, a privately owned independent financial adviser firm based near Market Rasen in Lincolnshire. The acquisition is subject to regulatory approval. Kingswood Holdings Limited is the international, fully integrated wealth and investment management group. David Lawrence, UK…
LXi REIT and Secure Income REIT agree on all share merger
LONDON, UK: The boards of LXi REIT plc has agreed to merge with Secure Income REIT plc (SIR). Under the terms of the merger, for each Secure Income REIT share, SIR shareholders will be entitled to receive 3.32 new LXi shares. The boards of LXi and SIR believe there is a strong strategic, operational and…
Spectris plc agrees to acquire Dytran Instruments Inc for $82 million
LONDON, UK: Spectris plc (LSE: SXS), the expert in providing insight through precision measurement, has signed a purchase agreement to acquire Dytran Instruments Inc. for $82 million (£66 million), valuing the business at 15.8x EBITDA for the 12 months ending March 2022. The transaction is subject to regulatory approval and is anticipated to close in…
Supreme Plc disposes of McColl’s Retail Group
LONDON, UK: Supreme Plc (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, confirmed the disposal of McColl’s Retail Group to Alliance Property Holdings, part of the Morrisons Group. The company wishes to clarify that it has always served the McColl’s Retail Group store estate via a distribution agreement with Morrisons (meaning…
Pagero Group to acquire Tungsten Corporation for £61.49 million
LONDON, UK: Pagero Group has agreed the terms of a recommended all cash offer to acquire the entire issued and to be issued ordinary share capital of Tungsten Corporation at the rate of 48 pence/ Tungsten share valuing the entire issued and to be issued ordinary share capital of Tungsten at approximately £61.49 million on…
HydrogenOne Capital Growth to make £20mn investment in Elcogen
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen Plc. Elcogen’s shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Elcogen. Elcogen…
MADE.com to acquire Trouva
LONDON, UK: Made.com Group Plc, the leading digital native lifestyle brand in home, has acquired Trouva, to advance the Group’s growth strategy. Trouva is the leading platform to discover independent boutiques and brands offering customers a curated range of homewares, lifestyle and fashion products. Launched in 2015 Trouva has its HQ in London. The company…
Restore Plc acquired Ultratec (Holdings) Limited
LONDON, UK: Restore Plc (AIM: RST), the UK’s leading provider of digital and information management and secure lifecycle services, has acquired 100% of the share capital of Ultratec (Holdings) Limited on 3rd May 2022. This investment represents a further milestone in the Group’s strategic development of Restore Technology. Ultratec is a highly regarded provider of…