LONDON, UK: GB Group plc (AIM: GBG) has acquired Cloudcheck, a leading provider of electronic Identity Verification (IDV), and Anti-Money Laundering (AML) solutions in New Zealand. The upfront consideration payable to the vendors of Cloudcheck is NZ$20 million (approximately £10 million) comprising of an NZ$12 million cash payment and the issuance of NZ$8 million of…
Author: Bernice Miles
XP Power acquires FuG Elektronik GmbH and Guth High Voltage GmbH
LONDON, UK: XP Power it has acquired FuG Elektronik GmbH and Guth High Voltage GmbH, two complementary German businesses, from Dr Simon Consulting GmbH for a cash consideration of €39 million. FuG and Guth’s product portfolio is highly complementary to XP Power’s existing high voltage offering, bringing new technology and technical capability to the Group…
Bluefield Solar buys 20MW battery storage project from Shaw-Energi Ltd
LONDON, UK: Bluefield Solar (LON: BSIF) announced the acquisition of the development rights for a 20 MW battery storage project, and the Company’s first interim dividend for the financial year which ends on 30 June 2022 The acquisition represents the development rights, grid connection costs and the leasehold of land of a ready to build…
Pearson Plc buys Credly in a $200 million deal
LONDON, UK: Pearson plc, the world’s leading learning company, has acquired Credly, the market leader in digital credentials and certifications for the workforce. The purchase price for Credly, including Pearson’s existing stake, represents a total value of $200m, which will be funded from Pearson’s existing cash and available liquidity. This comprises a total upfront consideration…
Capita plc sells Trustmarque to One Equity Partners for £111 million
LONDON, UK: Capita plc has agreed to sell Trustmarque to One Equity Partners for £111m on a cash free, debt free basis. Taking into account cash-like and debt-like items, Capita expects to receive net proceeds of c.£115m at completion. An additional c.£3m is receivable by Capita contingent on certain future events. Trustmarque provides IT services…
Euromoney buys people intelligence provider, Boardroom Insiders for $25mn
LONDON, UK: Euromoney Institutional Investor, the global B2B information-services provider, announced the acquisition of Boardroom Insiders Inc. for a cash consideration of $25 million. Boardroom Insiders is a market-leading provider of people intelligence to technology companies and professional services. The business has profiles on over 30,000 executives and key decision makers. These profiles, and the…
Wheels Up agrees to acquire Air Partner Plc for £84.8 million
LONDON, UK: Wheels Up UK Limited (BidCo), a newly-incorporated company indirectly owned by Wheels Up Experience Inc., has signed an agreement to acquire Air Partner plc at the rate of 125 pence/share in cash. The acquisition values Air Partner’s entire issued, and to be issued, ordinary share capital at approximately £84.8 million. Air Partner offers…
Kingswood Holdings agrees to acquire DJ Cooke Financial Planning
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has agreed to acquire the business assets of DJ Cooke Financial Planning Limited, an independent financial planning business servicing clients across South Yorkshire. Following Completion, around £1.5m is payable over a 2 year period. £749k will be paid at closing and the balance paid on a deferred basis,…
Spirax-Sarco Engineering to acquire Cotopaxi Limited for £12.8mn
LONDON, UK: Spirax-Sarco Engineering has entered into a definitive agreement to acquire Cotopaxi Limited, a digitally enabled, global energy consulting and optimisation specialist, from Business Intelligence of Oriental Nations Corporation Ltd, for a consideration of £13.3 million, which is £12.8 million on a cash and debt free basis. The transaction will be funded from cash…
Hercules Site Services intends to float on AIM Market
LONDON, UK: Hercules Site Services plc, a leading technology enabled labour supply company for the UK infrastructure sector, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. Hercules Site Services is seeking to raise approximately £5.5 million to rapidly deliver on the significant demand…
Boku Inc to sell Boku Identity to Twilio for $32.3mn
LONDON, UK: Boku Inc., a leading provider of mobile payment solutions, has reached agreement for the divestment of its wholly-owned subsidiary Boku Identity Inc. to Twilio Inc. for a maximum transaction value of $32.3 million, payable in cash. Boku Identity provides mobile identity and authentication solutions driven by real-time connections to Mobile Network Operators (MNOs)….
Tavistock Investments to acquire Morgan financial Group for £3.7mn
LONDON, UK: Tavistock Investments Plc has entered into an agreement to acquire the entire issued share capital of Morgan Financial Group Holdings Limited, an independent financial advisory group with offices in Bath and Cheltenham. Tavistock has agreed to acquire Morgans for a total cash consideration of £3.7 million, from Corimar Asset Management Fund LP. £3.1…