LONDON, UK: Liontrust Asset Management has entered into a conditional sale and purchase agreement to acquire the entire issued share capital of Majedie Asset Management Limited for a total consideration of up to £120 million. Majedie is a well-established, UK-based asset management firm with a long-term pedigree in Institutional fund management, an area of increasing…
Author: Bernice Miles
3i Infrastructure buys 92% stake in SRL Traffic Systems for £191mn
LONDON, UK: 3i Infrastructure has agreed to invest c.£191 million to acquire a 92% stake in SRL Traffic Systems, the market leading traffic management equipment rental company in the UK. Management has re-invested to acquire the remaining 8% stake. 3i Infrastructure has provided a further £83 million of debt financing to SRL with the intention…
Anna Chokina appointed Chief Executive Officer of Cellular Goods
LONDON, UK: The Board of Cellular Goods plc announced the appointment of Anna Chokina as Chief Executive Officer and Director to drive the Company’s next stage of growth following the launch of its inaugural product range on 1 December 2021. Anna Chokina succeeds Alexis Abraham, who becomes Chief Strategy Officer, and both appointments take effect…
i(x) Net Zero announces £20 million IPO on AIM market
LONDON, UK: i(x) Net Zero Plc, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announced its intention to launch an initial public offering (IPO) on AIM, a market operated by London Stock Exchange including a fundraising to raise £20 million. Admission is expected to occur in late December 2021….
SS&C’s Bolt Bidco to acquire Blue Prism for £1.243 billion
LONDON, UK: Bolt Bidco Limited, a wholly owned indirect subsidiary of SS&C Technologies Holdings, has agreed to acquire entire issued and to be issued ordinary share capital of Blue Prism for 1,275 pence/share translating into acquisition value of £1.243 billion on a fully diluted basis. Blue Prism is a leading player in intelligent automation for…
Libertine Holdings announces £10 million of shares sale
LONDON, UK: Libertine Holdings has announced £10 million worth of new shares sale, and seek admission of the entire issued and to be issued share capital of the company to trading on the AIM market of the London Stock Exchange. Founded in 2009, the Libertine Holdings has developed a technology solution for powertrain Original Equipment…
Hochschild signs definitive agreement to acquire Amarillo Gold
LONDON, UK: Hochschild Mining (LON: HOC) has entered into a definitive agreement with Amarillo Gold Corporation (TSXV: AGC) pursuant to which Hochschild has agreed to acquire all of the issued and outstanding shares of Amarillo at a price of C$0.40 per share in cash. Pursuant to the transaction, Hochschild will acquire a 100% interest in…
Constellation Automotive to acquire Marshall Motor for £322.9mn
LONDON, UK: Constellation Automotive Holdings’s wholly-owned subsidiary CAG Vega 2 Limited has offered to acquire the entire issued and to be issued share capital of Marshall Motor Holdings for £322.9 million. CAG Vega 2 has received an irrevocable undertaking to accept the offer from Marshall of Cambridge (Holdings) Limited in respect of its entire shareholding…
Frontier Smart buys internet radio firm, Magic Systech
LONDON, UK: Frontier Smart Technologies completed the acquisition of Magic Systech Inc, a Taiwan-based company which specialises in Internet Radio technology. The acquisition enhances the Frontier proposition including a lower production cost technology architecture. For the year ended 31 December 2020, unaudited results for Magic reported revenue of US$2 million and a profit before tax…
Secure Trust Bank acquires digital BNPL platform, AppToPay
LONDON, UK: Secure Trust Bank (STB) has agreed to acquire AppToPay Ltd, owner of a proprietary technology platform to support its planned entry into the digital Buy Now Pay Later (digital BNPL) market. Secure Trust Bank (STB), through its V12 Retail Finance business, is already a leading provider of point-of-sale retail finance, with a network…
Equinox International announces IPO on London Stock Exchange
LONDON, UK: Equinox International Holdings plc, a UK-headquartered medical cannabis company, announced its intention to seek admission of its entire share capital to trading on the AIM market of the London Stock Exchange. At Initial Public Offering (IPO) the Company is seeking to raise funds to build a state-of-the-art cultivation, extraction and production facility on…
Johnson Matthey offloads AGT to Fenzi Group for £178mn
LONDON, UK: Johnson Matthey (JM) announced the sale of its Advanced Glass Technologies (AGT) business to Fenzi Group for £178 million payable in cash at completion on cash free, debt free basis and subject to customary completion accounts adjustments. AGT is a leading global provider of specialist glass enamels and precious metal pastes supplied mainly…