LONDON, UK: Bloomsbury Publishing Plc (LON: BMY) has completed the purchase of the members’ interests of ABC-CLIO LLC. The consideration is $22.9 million (£17.3 million), of which $22.3 million (£16.8 million) has been satisfied in cash on completion and up to $0.6 million (£0.5 million) will be satisfied in cash post completion. ABC-CLIO is an…
Author: Bernice Miles
Depixus raises €30.6 million in Series A Financing
LONDON, UK: Arix Bioscience’s portfolio company Depixus has successfully completed its oversubscribed Series A financing which raised €30.6 million (£26.1 million). Depixus is a biotechnology company developing a unique technology for the fast, accurate, and straightforward extraction of multiomic information from DNA, RNA, and proteins. Funds from the financing will enable Depixus to further develop…
Likewise Group agrees to acquire Valley Wholesale Carpets for £30mn
LONDON, UK: Likewise Group (LON:LIKE) has entered into a conditional agreement to acquire the entire issued share capital of Valley Wholesale Carpets, a UK-based distributor and wholesaler of carpets, for a maximum consideration of £30.0 million, including approximately £10.0 million of cash within Valley Wholesale Carpets. This comprises initial consideration of £24.0 million which is…
Rentokil Initial inks deal to acquire Terminix Global for $6.7bn
LONDON, UK: Rentokil Initial plc has entered into a definitive agreement to acquire Terminix Global Holdings for stock and cash. The transaction will bring together two complementary businesses to create the global leader in pest control and hygiene & wellbeing, and the leader in the pest control business in North America, the world’s largest pest…
Savannah Energy inks deal to buy Exxon and Petronas assets in Africa
LONDON, UK: Savannah Energy has signed a Share Purchase Agreement (SPA) with Exxon Mobil Corporation, ExxonMobil International Holdings and Esso Exploration Holdings; and has separately signed an SPA with PETRONAS Overseas Ventures relating to the purchase of each of their entire upstream and midstream asset portfolios in Chad and Cameroon. The SPAs both have an…
Public Policy Holding seeks listing on AIM market of LSE
LONDON, UK: Public Policy Holding Company (PPHC) announced its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange and a conditional placing of 22.703 million Common Shares at 135 pence per Common Share. The Placing has conditionally raised gross proceeds of approximately £30.7 million, with strong…
Vertu Motors acquires Farmer & Carlisle Holdings for £9.2 million
LONDON, UK: Vertu Motors, the UK automotive retailer with a network of 156 sales outlets across the UK, announced the acquisition of the entire issued share capital of Farmer & Carlisle Holdings Limited. The long-established business operates two Toyota franchise dealerships located in Loughborough and Leicester. The share capital was acquired for cash consideration of…
Taylor Maritime acquires 22.6% stake in Grindrod Shipping for $77.9mn
LONDON, UK: Taylor Maritime Investments (TMI) has agreed to acquire a 22.6% stake in Grindrod Shipping Holdings Ltd, a dual NASDAQ and Johannesburg Stock Exchange listed shipping business (NASDAQ: GRIN) for a cash consideration of $77.9m via a private, off-market acquisition from a wholly-owned subsidiary of Remgro Limited. The investment in Grindrod Shipping is consistent…
Karnov Group intends to buy Thomson Reuters Legal Business in Spain
TORONTO: Thomson Reuters has received a binding offer from Karnov Group to purchase Editorial Aranzadi SAU (Thomson Reuters Legal Business Spain). As part of the offer, Thomson Reuters Legal Business Spain is intended to be combined with and sold in conjunction with Wolters Kluwer France S.A.S and Wolters Kluwer España, S.A. While the proposed sale…
Xplorer Capital agrees to acquire CloudCall for £39.9 million
LONDON, UK: Xplorer Capital has agreed to acquire the entire ordinary share capital of CloudCall Group at the rate of 81.5 pence for each CloudCall Share translating into £39.9 million. The acquisition is an all cash offer for CloudCall by Xplorer Capital, unanimously recommended by the CloudCall Directors. Xplorer Capital believes that CloudCall would benefit…
Spirit Energy disposing Norwegian portfolio, Statfjord field for $1.07bn
LONDON, UK: The 69% Centrica owned Spirit Energy Limited has entered into agreements to sell the Spirit Energy Group’s Norwegian oil and gas exploration and production business excluding the Statfjord field to Sval Energi AS, and its interests in the Statfjord field to subsidiaries of Equinor ASA. The transaction has a commercial effective date of…
Sureserve Group acquires CorEnergy for £7.5 million
LONDON, UK: Sureserve Group (LON: SUR) has acquired the entire issued share capital of CorEnergy Limited, a business focused on delivering sustainable energy solutions for public and private sector organisations, a bourse filing said. The maximum total consideration payable for CorEnergy is £7.5 million, with an initial £5.9 million payable on completion, to be satisfied…