LONDON, UK: S4Capital plc (LON: SFOR) announced that Miyagi is merging with Media.Monks to form S4Capital’s Content practice in Italy. The merger adds to the existing Content, Data&Digital Media capabilities in Italy, Europe’s fourth largest advertising market. Miyagi was founded in 2013 by five partners Francesco Bragonzi, Francesco Menichini, Tommaso Marucchi, Felice Arborea and Giuseppe Azzone. Specialising in end-to-end digital experience…
Author: Bernice Miles
Sam Perkins appointed new Group CEO of In The Style
LONDON, UK: In The Style, the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model, announced the appointment of Sam Perkins as Group CEO, with effect from 17 January. Having led the company for the last seven years, including through its successful IPO earlier this year, Adam Frisby, Founder and CEO of the…
Saietta buys e-Traction Europe from Evergrande for €2 million
LONDON, UK: Saietta Group announced the acquisition of e-Traction Europe B.V. from the Evergrande New Energy Automotive group. Saietta has acquired 100% of the Netherlands based electric drive train manufacturer e-Traction from the Evergrande New Energy Automotive group for a total consideration of up to €2 million. e-Traction is a designer, manufacturer, and supplier of…
Vodafone agrees to transfer Egypt business to Vodacom €2.7bn
LONDON, UK: Vodafone Group has agreed to transfer its 55% shareholding in Vodafone Egypt to Vodacom Group Limited, its sub-Saharan African subsidiary. This transfer simplifies the management of Vodafone’s African holdings and further strengthens the delivery of connectivity and financial services in Africa. Transaction rationale The transaction is expected to generate clear benefits for Vodafone,…
Glanbia plc to sell 40% holding in Glanbia Ireland for €307 million
LONDON, UK: Glanbia plc and Glanbia Co-operative Society Limited have signed a non-binding memorandum of understanding (MOU) for the sale of the 40% interest in Glanbia Ireland DAC to Glanbia Co-op for a purchase price of €307 million. Commenting today, Donard Gaynor Chairman of Glanbia plc said: “Glanbia Ireland has a successful heritage, and for…
discoverIE Group sells Acal BFi for £50 million
LONDON, UK: discoverIE Group announced the sale of Acal BFi, the Group’s electronic component distribution business for £50 million, a bourse filing said on Tuesday. The company has agreed to sell Acal BFi to H2 Equity Partners, for a total cash consideration of £50m, on a debt free, cash free basis, comprising an upfront payment…
Ideagen acquires CompliSpace for up to AUD 110 million
LONDON, UK: Ideagen PLC announced the acquisition of Compliance Technology Holdings (CompliSpace) for an upfront consideration of AUD $105 million (c. £57.7 million) plus a deferred conditional earnout payment of up to AUD $5 million (c. £2.7 million). Founded in 2007, CompliSpace is a fast-growing provider of SaaS-enabled governance, risk and compliance (GRC) management solutions…
Sirius Real Estate to acquire BizSpace for £245 million
LONDON, UK: Sirius Real Estate Limited has agreed to acquire Helix Investments Limited (the holding company of the BizSpace business) from Värde Partners for a cash consideration of c.£245 million, based on an enterprise value of £380 million. BizSpace is a leading provider of regional flexible workspace, offering light industrial, workshop, studio and out of…
Vitol Bahrain, QP Trading offer LNG to Pakistan at up to $30.65/mmbtu
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on November 02, 2021 for two LNG cargoes. Vitol Bahrain has offered the lowest of $29.89/mmbtu for the November 19-20 delivery, while QP Trading has offered the lowest of $30.65/mmbtu for…
Litera secures further investment from Hg
LONDON, UK: Litera, a global leader in legal technology solutions, announced that Hg, a leading software and services investor and supporter of the expansion of Litera since 2019, will lead a further investment in the business. Following this new investment, Litera will be well-positioned to continue on its long-term growth trajectory, receiving funding for further expansion into…
ThomasLloyd Energy plans $340 million IPO on LSE
LONDON, UK: ThomasLloyd Energy Impact Trust (TLEI), a new closed-ended investment company established to invest in a diversified portfolio of unlisted sustainable energy infrastructure assets in fast-growing and emerging economies in Asia, announced its intention to launch an Initial Public Offering (IPO) to raise up to $340 million. ThomasLloyd Energy Impact Trust will seek admission…
Micro Focus sells Digital Safe business to Smarsh for $375mn
LONDON, UK: Micro Focus International has agreed definitive terms to sell its Archiving and Risk Management portfolio (Digital Safe business) to Smarsh Inc. for a total cash consideration of $375 million. Completion is expected to occur in the first quarter of next calendar year. The Digital Safe business forms part of the Information Management and…