LONDON, UK: The Board of AssetCo plc has submitted an indicative non-binding securities exchange proposal for the entire issued and to be issued share capital of River and Mercantile Group (RMG) that is not already owned by AssetCo. The possible offer is made for the remaining River and Mercantile Group (RMG) asset management business post…
Author: Bernice Miles
Zephyr Energy acquires 163 producing wells in USA for $36mn
LONDON, UK: Zephyr Energy plc (LON: ZPHR) has entered into a binding agreement to acquire further non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, USA. The Directors of Zephyr believe that the Assets will be an ideal addition to Zephyr’s existing asset portfolio and that the cashflows…
BHP and Woodside Petroleum agree to merger
LONDON, UK: BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside. Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. The signing of the…
Agronomics leads Ohayo Valley pre-seed funding
LONDON, UK: Agronomics, the leading listed company focused on cellular agriculture, has completed a subscription of $1.5 million in the form of a Simple Agreement for Future Equity (SAFE), in Ohayo Valley Inc. The Subscription will be paid using cash from the Company’s own resources. Ohayo Valley is a cultivated meat company, initially focused on…
GB Group to acquire Acuant for $736 million
LONDON, UK: GB Group plc (LON: GBG) has conditionally agreed to acquire the entire issued and to be issued share capital of Acuant for a cash free, debt free enterprise value of $736 million (c.£547 million). The acquisition brings together two of the leaders in the global digital identity market, with combined revenue of c.£265…
Flutter Entertainment acquires Tombola for £402 million
LONDON, UK: Flutter Entertainment (LON:FLTR) announced the acquisition of Tombola, one of the UK market’s leading online bingo operators, for an enterprise value of £402 million. Tombola, with teams primarily located in Sunderland and Gibraltar, is a successful bingo-led gaming company with an emphasis on providing a low staking bingo proposition to a highly engaged…
LEAF Mobile announces £130 million IPO on LSE
LONDON, UK: LEAF Mobile Inc. (TSX: LEAF), a leading Canadian free-to-play mobile game group, announced its intention to conduct an initial public offering (IPO) and join the Main Market of the London Stock Exchange (LSE) this winter. LEAF Mobile Inc., which started trading its common shares on the Toronto Stock Exchange (TSX) on February 10th,…
Evolution to acquire Ernest Henry Mining from Glencore for A$1.0bn
LONDON, UK: Glencore and Evolution Mining Limited have entered into a binding agreement for the sale and purchase of Glencore’s 100% interest in Ernest Henry Mining Pty Ltd, the owner of the Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia. The transaction is expected to close in early January 2022. Glencore will receive A$1…
Vitec Group acquires Phoenix-based Savage for $57.3 million
LONDON, UK: The Vitec Group (LON: VTC) agreed to acquire Savage for up to $57.3 million in cash, including retention, transaction and financing costs. Completion is expected by the end of November 2021. Savage is a global market leader in backgrounds for the growing professional studio photographic market. Savage will become part of Vitec’s Imaging…
Kingswood Holdings acquires Money Matters North East for £3.4mn
LONDON, UK: Kingswood Holdings Limited (LON: KWG) has agreed to acquire, subject to regulatory approval, Money Matters North East Limited (MMNE), a privately owned wealth management business, primarily offering its services in the North East of England. Following regulatory approval, the business will be acquired for total cash consideration of up to £3.4m, payable over…
Eurowag agrees to acquire WebEye for EUR 55.9mn
LONDON, UK: W.A.G payment solutions (Eurowag) has entered into an agreement to acquire 100% of the share capital of WebEye Telematics, a leading Fleet Management Solution provider in Central and Eastern Europe, from the founders and management. WebEye has an established presence in Europe with a total portfolio of more than 57,000 connected trucks. It…
Kin and Carta sells Edit Agency and Relish Agency for £18.6mn
LONDON, UK: Kin and Carta plc (LON: KCT) has now successfully completed the divestments of its two remaining venture businesses, Edit Agency Limited (Edit) and Relish Agency Limited (Relish), for a total of £18.6 million in cash before costs and customary adjustments for debt and working capital. Kin and Carta plc (LON: KCT) is the…