LONDON, UK: Land Securities Group (Landsec) has acquired a majority stake in MediaCity, the 37 acre media, digital and tech hub in Salford, Greater Manchester previously owned by a 50:50 JV between Legal & General and Peel L&P. Landsec will partner with Peel L&P who will retain a 25% stake and continue to serve as…
Author: Bernice Miles
Capita Plc sells speciality insurance businesses to Macro Capital
LONDON, UK: Capita plc has agreed to sell its speciality insurance businesses to Marco Capital Holdings (UK) Limited for an undisclosed sum. The sale comprises two businesses: Capita Commercial Insurance Services Limited (CCIS); and Capita Managing Agency Limited (CMA). CCIS provides outsourced business processes for the insurance industry across areas including underwriting support, claims and…
Phenna Group buys James Fisher Testing Services for £5.7 million
LONDON, UK: James Fisher and Sons, the leading marine services provider, announces the sale of James Fisher Testing Services (JFTS) from its Marine Support division for £5.7 million to Phenna Group. James Fisher Testing Services (JFTS) operates a number of materials testing laboratories based in Warrington, Harlow and Portlaise, Ireland, in addition to maintaining a…
Hilton Foods acquires Fairfax Meadow for £23.8 million
LONDON, UK: Hilton Food Group’s wholly owned subsidiary, Hilton Foods Limited has acquired 100% of the share capital of Fairfax Meadow Europe Limited, the leading meat supplier to the UK foodservice sector from Argent Holdings Limited. Fairfax Meadow was established over 40 years ago and supplies some of the largest businesses in the UK hospitality…
Synthomer to acquire adhesive business of Eastman Chemical for $1bn
LONDON, UK: Synthomer plc has agreed to acquire the adhesive resins business (Adhesive Technologies) of Eastman Chemical Company for $1 billion in cash. Eastman Chemical Company’s adhesive resins division develops, manufactures and sells tackifying resins and additives for adhesive products, with a strong focus on attractive end markets such as hygiene, packaging and high-performance tyre…
HomeServe acquires CET Structures for £53 million
LONDON, UK: HomeServe Plc, the international home repairs and improvements business, has completed the acquisition of CET Structures Ltd, a leading, digitally-enabled UK home emergency assistance business, for c.£53 million. The transaction brings together two well-positioned, complementary businesses – HomeServe UK in home assistance cover and CET in home emergency assistance. In combination, they serve…
Revolution Beauty acquires Medichem Manufacturing for £23mn
LONDON, UK: Revolution Beauty Group’s subsidiary Revolution Beauty Holdings Limited has acquired the entire issued share capital of Medichem Manufacturing Ltd for total consideration of £23 million. Medichem is a long-standing supplier of haircare and skincare products to Revolution Beauty, manufacturing all products from its UK facility. Medichem’s end-to-end operations include an R&D laboratory, bulk…
RMG selling Solutions business to Schroders for £230 million
LONDON, UK: River and Mercantile Group (RMG) has entered into a contract to sell its Solutions business to the Schroders Group. Completion of the sale is conditional on RMG shareholder and regulatory approval. The consideration for proposed sale of Solutions to Schroders at an enterprise value of £230 million. Solutions’ Assets Under Management as at…
Dispersion Holdings to acquire 100% of Defi Yield Technologies
LONDON, UK: Dispersion Holdings proposed acquisition of the entire share capital not already owned by Dispersion of Defi Yield Technologies Inc. (DFTI), a platform for investment into decentralised financial services, for a consideration to be satisfied by the issue of 348,725,646 new ordinary shares in Dispersion. The acquisition follows two rounds of investments by the Company…
Bank of Ireland to acquire performing loan and deposits of KBC Group
LONDON, UK: Bank of Ireland has entered into a binding agreement with KBCI and KBC Group for the acquisition of c.€8.81 billion of performing mortgages, c.€0.1 billion of performing commercial and consumer loans and c.€4.4 billion of deposits. Bank of Ireland will acquire the performing mortgages for 103.6% of par value, representing the fair value…
FirstGroup sells Greyhound for $172mn, focusses on UK public transport
LONDON, UK: FirstGroup plc announced the sale of Greyhound Lines Inc. to a wholly-owned subsidiary of FlixMobility GmbH, completing its stated strategy to focus on its leading UK public transport businesses. Commenting, David Martin, FirstGroup Executive Chairman said: “Greyhound is an iconic business which has been at the heart of North American life for more…
IHC and Tasheel’s Theta Bidco to acquire Arena Events for £71 million
LONDON, UK: The boards of Theta Bidco Limited and Arena Events Group have reached agreement on the terms and conditions of a recommended cash offer by Bidco for the entire issued and to be issued share capital of Arena Events, other than the Arena Shares owned by Tasheel. As at 19 October 2021, Tasheel owned…