LONDON, UK: SimiGon Ltd has entered into a definitive agreement to merge with Power Breezer Sub Ltd and Maxify Solutions Inc. The consideration for the SimiGon merger attributes a valuation to the company of $8.5 million. Assuming shareholder approval of the resolutions at the Special General Meeting of Shareholders and completion of the merger, it is proposed…
Author: Bernice Miles
Gelesis Holdings begins trading on NYSE under the symbol “GLS”
LONDON, UK: PureTech Health plc , a clinical-stage biotherapeutics company noted that its Founded Entity, Gelesis, Inc. announced the completion of its business combination with Capstar Special Purpose Acquisition Corp. The publicly traded company will be known as Gelesis Holdings Inc. and will begin trading on the New York Stock Exchange under the ticker symbol “GLS”…
Arora family selling 4.0% shares in B&M Stores
LONDON, UK: SSA Investments, the Arora family investment vehicle, announced to sell approximately 40 million ordinary shares constituting 4.0 per cent shares in B&M European Value Retail (B&M Stores) by way of an accelerated bookbuild to institutional investors. The seller currently owns directly and indirectly 109.9 million ordinary shares representing approximately 11% of B&M’s issued…
KYND secures funding from British Growth Fund
LONDON, UK: KYND, a provider of pioneering cyber risk management solutions to the insurance industry, has secured £3.25m of investment from Business Growth Capital (also known as the British Growth Fund / BGF) a UK and Ireland-based growth capital investment company that provides funding as a minority, non-controlling equity partner. Founded in 2018, KYND has…
Digital 9 Wireless buying 56% stake in Tetra Ireland for €76mn
LONDON, UK: Digital 9 Wireless Limited has signed a conditional agreement to acquire a majority stake (56%) in the exclusive operator of public safety wireless networks across the Republic of Ireland (RoI), Tetra Ireland Communications Limited for a total consideration of approximately €76 million. Digital 9 Wireless may also have the opportunity to increase the…
Kinovo sells construction division, DCB for £5.0 million
LONDON, UK: Kinovo Plc has entered into an agreement to sell the company’s non-core construction division, DCB (Kent) Limited, for a total deferred consideration of up to £5.0 million. The construction division has been acquired by MCG Global Limited on the following terms, consisting of four constituent elements: · Firstly, up to £1.9 million will…
Content creation company Vitec Group to acquire Audix LLC
LONDON, UK: The Vitec Group, the international provider of premium branded hardware products and software solutions to the growing content creation market, has agreed to acquire Audix LLC for up to $54.3 million in cash. Completion is expected shortly. Audix designs, engineers and manufactures high performing, innovative microphones for the professional audio industry from its…
TT Electronics buys Power and Control business of Ferranti P&C
LONDON, UK: TT Electronics, a global provider of engineered electronics for performance critical applications, has acquired the Power and Control business of Ferranti P&C, from Elbit System UK Ltd for £9.0 million in cash. Ferranti P&C, based in Greater Manchester, designs and manufactures mission-critical complex power and control sub-assemblies for blue chip customers in high-reliability…
SuperSeed Capital plans listing on AQSE Growth Market
LONDON, UK: SuperSeed Capital Limited expressed intention to list its ordinary shares to trading on the Access Segment of the Aquis Stock Exchange Growth Market (AQSE Growth Market). Admission is targeted for January 2022. SuperSeed Capital will be a feeder fund, investing as a limited partner of SuperSeed Ventures second fund, SuperSeed II LP (“Fund…
Gateley Holdings acquires Adamson Jones Holdings for £2.5mn
LONDON, UK: Gateley Holdings, the legal and professional services group, has acquired Adamson Jones Holdings Limited for a total consideration of £2.5 million. Under the terms of the Acquisition agreement, Gateley will pay consideration of £2.5 million, which will be paid in full on completion, will be satisfied as to 50% in cash and as to 50% by…
Waterlogic and Culligan merge forming a leader in sustainable drinking water
LONDON, UK: Schroder British Opportunities Trust (SBO)’s private equity investments, Waterlogic Group Holdings has agreed to merge with Culligan International to create a leader in sustainable drinking water solutions and services. Culligan International is a leading global consumer water solutions and services provider whose mission is to deliver clean, safe and soft water to improve…
Lords Group acquires Advance Roofing Supplies for £3.74mn
LONDON, UK: Lords Group, a leading distributor of building materials in the UK, acquired Advance Roofing Supplies Limited for a consideration of £3.74 million of which £3.49 million has been paid on completion and the balance of £0.25 million is payable twelve months after completion. As at completion, Advance Roofing Supplies had excess cash of…