LONDON: The boards of Hansa Investment Company Limited (“Hansa”) and Ocean Wilsons Holdings Limited (“Ocean Wilsons”) said Tuesday they have reached a preliminary agreement on an all-share combination that would create a diversified global investment company with over £900 million ($1.14 billion) in net assets. Under the proposed deal, Hansa would acquire Ocean Wilsons, with Ocean Wilsons shareholders receiving new shares…
Author: Bernice Miles
Hunter Point Capital acquires 16.1% stake in Equitix in £1.3 billion deal
LONDON: Tetragon Financial Group Limited today announced that Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a minority stake in Equitix, a leading international investor, developer and fund manager in infrastructure. HPC is acquiring a 16.1% stake in the business at…
Qualcomm to acquire Alphawave IP Group in $2.4 billion deal
LONDON: Qualcomm Incorporated has agreed to acquire Alphawave IP Group in a recommended cash deal worth approximately $2.4 billion, the companies announced Tuesday. Chip stock Alphawave soars on Qualcomm takeover Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm, will acquire all issued and future ordinary shares of Alphawave under a scheme of arrangement…
Rosebank acquires Electrical Components International in £1.14 billion deal
LONDON: Rosebank announced Thursday the acquisition of U.S.-based Electrical Components International (ECI), a market leader in critical electrical distribution systems, in a deal financed through debt facilities and a fully underwritten institutional capital raise of approximately £1.14 billion ($1.45 billion). The acquisition, Rosebank’s first under its “Buy, Improve, Sell” strategy, aims to enhance shareholder value…
Mitie Group offers to acquire Marlowe PLC for £366 million
LONDON: Mitie Group PLC announced Wednesday a recommended cash-and-share offer to acquire Marlowe PLC in a deal valuing the company at approximately £366 million ($466 million). The boards of both companies said they had reached an agreement under which Mitie Treasury Management Limited, a wholly owned subsidiary of Mitie, will acquire all issued and future…
Oakley Capital Invests in Infravadis
LONDON: Oakley Capital Investments Limited announced Tuesday that its Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform targeting Europe’s underground infrastructure maintenance market, valued at over €25 billion. Oakley Capital Investments’ indirect contribution through the fund is estimated at approximately £5 million. Infravadis plans to consolidate the fragmented underground infrastructure maintenance…
Greencore to acquire Bakkavor Group in £1.2 billion deal, creating leading UK convenience food business
LONDON: Greencore Group PLC has agreed to acquire Bakkavor Group PLC in a deal valued at approximately £1.2 billion, creating one of the largest UK convenience food businesses. Under the terms of the recommended acquisition, Bakkavor shareholders will receive 0.604 new Greencore shares and 85 pence in cash per share, valuing each Bakkavor share at…
Cobalt Holdings Plans $230 million London Stock Exchange listing
Confirmation of Intention to Float – 07:00:09 19 May 2025 – News article | London Stock Exchange LONDON: Cobalt Holdings plc, a newly formed company designed to purchase and hold physical cobalt, announced Monday its intention to raise approximately $230 million through a Global Offer and seek admission to the London Stock Exchange. If approved,…
DCC to sell healthcare division in £1.05 billion deal with HealthCo
LONDON: DCC plc announced Monday it has agreed to sell its healthcare division to HealthCo Investment Limited, a subsidiary of funds managed by Investindustrial Advisors Limited. The deal values DCC Healthcare at £1.05 billion on a cash-free, debt-free basis. The transaction, which is subject to regulatory approvals, is expected to be completed in the third…
Breedon Group acquires Lionmark Construction Companies LLC for $238 million
LONDON: Breedon Group plc, a leading vertically-integrated construction materials group with operations in Great Britain, Ireland, and the United States, has announced the acquisition of Lionmark Construction Companies LLC for an enterprise value of $238 million (£187 million). Lionmark, a Missouri-based construction materials and surfacing solutions business, specializes in road infrastructure. The acquisition is expected to…
UK government unveils AI opportunities action plan
LONDON: The UK Government has released its AI Opportunities Action Plan, presented to Parliament by the Secretary of State for Science, Innovation and Technology on January 13, 2025. The plan aims to secure the UK’s future with homegrown AI and highlights the rapid advancements in the field. A small number of companies at the forefront…
Aviva agrees to acquire Direct Line Insurance Group in a £3.7 billion deal
LONDON: Aviva Plc has announced that it has reached an agreement on the terms of a recommended cash and share offer for Direct Line Insurance Group. The acquisition deal outlines that for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend…