LONDON, UK: Cordiant Digital Infrastructure Limited has entered into binding agreements to acquire a strategic interconnect data centre in New York and a multi-asset digital infrastructure platform in Poland. Cordiant Digital (via its wholly-owned subsidiary) has entered into a binding agreement to acquire certain assets constituting the full operational platform (and assumed certain operational liabilities)…
Author: Bernice Miles
SigmaRoc acquires Johnston Quarry Group for £35.5mn
LONDON, UK: SigmaRoc plc has acquired Johnston Quarry Group Limited (JQG) and Guiting Quarry Limited for an initial cash consideration of £35.5 million from Nicholas Johnston, Giantflow Limited and Flowgiant Limited. JQG is a specialist quarried materials supplier producing construction aggregates and premium quality building stone, as well as agricultural lime for soil improvement. Its…
The Reflex Group buys Macfarlane Labels for £6.4mn
LONDON, UK: Macfarlane Group has sold Macfarlane Labels Limited and its subsidiaries, Macfarlane Group Ireland (Labels & Packaging) Limited and Macfarlane Group Sweden AB (collectively Macfarlane Labels) which was completed on 31 December 2021. Macfarlane Labels designs and prints high quality self-adhesive and resealable labels, principally for FMCG companies. Macfarlane Labels is being acquired by…
Reckitt Benckiser sells E45 brand to Karo Pharma for £200mn
SLOUGH, UK: Reckitt Benckiser Group has entered into an agreement for the proposed sale of its E45 brand and related sub-brands to Karo Pharma for an implied enterprise value of £200 million. For the financial year ended 31 December 2020, the brands had a combined net revenue of £43 million. The proposed sale, if completed,…
XPS Pensions acquires Manchester based MJFCA for £3.75mn
LONDON, UK: XPS Pensions Group has agreed to acquire the business and certain assets of Michael J Field Consulting Actuaries (MJFCA), a SIPP and SSAS provider for a total consideration of up to £3.75 million, comprising of up to £2.25 million upon completion and contingent consideration of up to £1.5 million. The Acquisition is being…
Croda International sells PTIC businesses for €915mn
LONDON, UK: Croda International has signed a definitive agreement to sell the majority of its Performance Technologies and Industrial Chemicals (PTIC) businesses to Cargill Velocity Holdings Limited for an enterprise value of €915 million on a cash-free, debt-free basis. Cargill Velocity Holdings Limited is a wholly owned subsidiary of Cargill Inc. The transaction follows a…
B90 Holdings to acquire Spinbookie.com
LONDON, UK: B90 Holdings has entered into an agreement with Entercreation Limited to acquire certain assets, including the domain, business IP, and 100% of the operations of Spinbookie.com, an online sportsbook and casino. B90 Holdings has raised £596,800 (before expenses) through a subscription of 4,973,333 new ordinary shares of no par value in the capital…
Novartis to buy Syncona’s Gyroscope Therapeutics for $1.5bn
LONDON, UK: Syncona Ltd has been reached to sell its portfolio company Gyroscope Therapeutics Holdings to Novartis for up to $1.5 billion on a cash and debt free basis. Novartis will make with an upfront payment of $800 million and up to $700 million potentially due upon the achievement of certain customary milestones related to…
Keywords Studios buys Waste Creative Limited & Wicked Witch Software
LONDON, UK: Keywords Studios has acquired Waste Creative Limited and Wicked Witch Software Pty Limited for a total of £16.3 million, a news release said. Waste Creative is a digital creative marketing agency based in London. Founded by Visar Statovci and Mike Petricevic in 2006, Waste Creative’s talented team of 70 people provides strategy and…
Sopheon has acquired business and assets of ROI Blueprints
LONDON, UK: Sopheon Plc has acquired the business and assets of ROI Blueprints LLC (ROIB), a cloud-based solution focused on detailed enterprise planning and execution. The Group is also providing a trading update for the current year ending 31 December 2021. The transaction is structured as an asset purchase. Initial consideration of US$1.5m is payable…
Permanent TSB to acquire Ulster Bank’s Irish business for €6.4bn
LONDON, UK: Permanent TSB has entered into binding agreements with NatWest Group and Ulster Bank Ireland for the acquisition of certain elements of the Ulster Bank Retail, SME and Asset Finance business in the Republic of Ireland. As at 30 June 2021, the transaction includes approximately €7.6 billion of assets and consists of the following…
Ascential plc sells MediaLink to UTA for $125 million
LONDON, UK: Ascential plc (LON: ASCL.L) has sold MediaLink, a brand within its Marketing business unit, to United Talent Agency (UTA), a leading global talent, entertainment and sports company, for $125 million in cash. Ascential plc is the specialist information, analytics and eCommerce optimisation company. The sale is consistent with the Group’s long-term strategy. It…