LONDON, UK: Mitie Group plc has acquired 8point8 Support Limited, 8point8 Training Limited and Vantage Solutions Limited (collectively “8point8”), a leading provider of design and construction services in the UK, predominantly for mobile telecoms tower infrastructure. Total consideration is £10 mn and the acquisition will be accretive to earnings and funded through existing facilities. With…
Author: Bernice Miles
FRP Advisory Group acquires BridgeShield Asset Management Limited
LONDON, UK: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of BridgeShield Asset Management Limited. Founded in 2014, BridgeShield provides Property Asset Management advisory services to specialist lenders nationally from its office in Leigh-on-Sea, Essex. BridgeShield’s Directors, Ben Hubbard and Nick McAuliffe will join FRP as Partners. The rest…
Syncona invests £15mn in Oxford University spin out, OMass Therapeutics
LONDON, UK: Syncona Ltd it has committed £15 million in an oversubscribed £75.5 million Series B financing in OMass Therapeutics, a biotechnology company that identifies medicines against highly validated target ecosystems. Syncona was a co-investor in this financing round, which was led by new investors GV, Northpond and Sanofi Ventures. Existing investors Oxford Science Enterprises…
Digital 9 buys Finnish data centre & cloud services platform, Ficolo for €135mn
LONDON, UK: Digital 9 Infrastructure has signed a sale and purchase agreement for the acquisition of Ficolo Oy (Ficolo) for a total consideration of €135 million. The acquisition is expected to complete later this year following customary regulatory approval. Ficolo is a leading Finnish data centre and cloud services platform. Its ultra-modern infrastructure, spread across…
Gateley acquires chartered surveying practice Smithers Purslow for £20 million
LONDON, UK: Gateley, the legal and professional services group, announced the acquisition of SP 2018 Limited and its subsidiaries (together “Smithers Purslow”) for a total maximum consideration of £20.0 million. Smithers Purslow gives Gateley significantly deeper reach into the UK’s sizeable and growing high-value property insurance claims market. Smithers Purslow is a rapidly growing multi-disciplinary…
Spectris sold Omega Engineering to Arcline Investment Management for $525mn
LONDON, UK: Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, announced the sale of Omega Engineering to Arcline Investment Management for $525 million (£403 million), at a valuation of approximately 20.4x Omega’s 2021 adjusted EBITDA. Omega will be joining the Dwyer Group of companies (‘Dwyer’), an Arcline portfolio company. Alongside this, Spectris…
Ascential plc to acquire Sellics GmbH
LONDON, UK: Ascential plc (LSE: ASCL.L), the specialist information, analytics and eCommerce optimisation company, has signed an agreement to acquire Sellics GmbH, a business which provides media execution services to challenger brands trading on Amazon. Sellics GmbH provides a mix of advertising spend optimisation, campaign automation and profit analytics, through a suite of software solutions,…
Can we protect students from excessive debt burdens?
Most Americans are in debt struggling with massive student loan debt that is keeping them from living the American dream, including buying the car of their dreams, the home of their dreams and even starting that family they’ve always wanted. Student Loan Debt From the earliest days of student loan programs, observers have worried that…
Halma Plc has acquired Canada based Deep Trekker for £36mn
LONDON: Halma Plc, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future for everyone every day, has acquired Deep Trekker Inc. Headquartered in Ontario, Canada, Deep Trekker is a market-leading manufacturer of remotely operated underwater robots used for inspection, surveying, analysis and maintenance. It serves markets including aquaculture,…
GSK agrees to acquire Sierra Oncology for $1.9bn
LONDON, UK: GlaxoSmithKline plc (LSE: GSK) and Sierra Oncology Inc (Nasdaq: SRRA) have entered into an agreement under which GSK will acquire Sierra Oncology, a California-based, late-stage biopharmaceutical company focused on targeted therapies for the treatment of rare forms of cancer, for $55 per share of common stock in cash representing an approximate total equity…
Calnex Solutions acquires iTrinegy Limited for upto £3.5mn
LONDON, UK: Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector, announced the acquisition of iTrinegy Limited. The consideration, calculated on a cash-free, debt-free basis, is £2.5 million in cash on completion with up to a further £1.0 million dependent on achievement of agreed financial targets….
Coro Energy signs power purchase agreement for its rooftop solar project
LONDON, UK: Coro Energy Plc, the South East Asian energy company supporting the regional transition to a low carbon economy, announced the entry into a 25 year Power Purchase Agreement (PPA) for its rooftop solar project in Vietnam. The PPA has been entered into by Coro Renewables Vietnam (85% owned by Coro and 15% owned…