LONDON: Surgical Science Sweden AB has reached agreement on the terms of a recommended cash acquisition of Intelligent Ultrasound Group by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, Intelligent Ultrasound shareholders shall be entitled to receive 13 pence in cash for each share held. The acquisition price values the…
Author: Bernice Miles
Cordiant Capital Inc. to acquire HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth
LONDON: HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth plc, has entered into a conditional agreement to sell its business and assets to Cordiant Capital Inc., a specialist global infrastructure and real assets manager. This transaction marks a significant move towards expanding HydrogenOne’s market access and capabilities, while maintaining the core team and…
Malin Corporation announces Poseida Therapeutics’ acquisition by Roche
LONDON: Malin Corporation plc (Euronext Growth Dublin: MLC), a company investing in innovative life sciences, announced that its investee company, Poseida Therapeutics, Inc. (NASDAQ: PSTX), will be acquired by Roche Holdings, Inc. at $9.00 per share in cash, plus up to $4.00 per share in contingent payments upon achieving certain milestones. Malin, holding approximately 12%…
Just Eat Takeaway.com sells Grubhub to Wonder Group for $650 million
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) has entered into a definitive agreement to sell Grubhub Inc. to Wonder Group, Inc. for an enterprise value of USD650 million. Transaction highlights · Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million; · Grubhub will be transferred with its USD500 million…
Kerry Group to sell Kerry Dairy Ireland to Co-Operative Creameries for €500 million
Kerry Group plc has announced an agreement to sell Kerry Dairy Holdings (Ireland) Limited to Kerry Co-Operative Creameries Limited for €500 million. Kerry Dairy Ireland, fully owned by Kerry, includes popular dairy brands in cheese, snacks, and spreads sold in the UK and Ireland, as well as a dairy ingredients business. Under the deal, Co-Op…
Digitalbox has acquired Entertainment Group of GRV Media
LONDON: Digitalbox plc (AIM: DBOX) has agreed to acquire certain online assets, including all associated intellectual property, of the Entertainment Group of GRV Media Ltd. A three-month transitional services agreement with GRV comes into effect from today to support the integration process. Digitalbox is the mobile-first digital media business, which owns leading websites Entertainment Daily,…
Bridgepoint Advisers offers to acquire Eckoh Plc for £169.3 million
LONDON: Bridgepoint Advisers and Eckoh have agreed on terms for a recommended cash acquisition of Eckoh’s entire share capital by Bridgepoint’s Bidco. Eckoh shareholders will receive 54 pence per share, valuing the company at approximately £169.3 million. This offer represents a premium of 11.34% to the closing price on August 21, 2024, and higher percentages…
SDI Group has acquired InspecVision Ltd for a net consideration of £6.1 million
LONDON: SDI Group plc has announced the acquisition of InspecVision Ltd, a designer and manufacturer of computer vision-based measurement systems for industrial applications, for a net consideration of £6.1m. Highlights · Profitable business in the metrology market · Blue chip customer base, international revenues and strong US market exposure · Provides intra-group cross selling opportunities · Delivering against Group’s stated…
Venture Life has acquired Health & Her Limited for an upfront £7.5 million
LONDON: Venture Life (AIM: VLG), a leader in developing, manufacturing and commercialising products for the international self-care market, announced the acquisition of the entire issued share capital of Health & Her Limited (“H&H”), a specialist female health business from its founders, Kate Bache and Gervase Fay and other shareholders, for an upfront cash consideration of…
Oakley Capital to sell its stake in Schülerhilfe to Levine Leichtman Capital Partners
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund III (Fund III) has reached an agreement to sell its stake in Schülerhilfe, the leading provider of professional tutoring services to primary and secondary school students across Germany, Austria and Switzerland. OCI’s look-through share of proceeds is anticipated to be c.£40 million, which represents…
Rio Tinto signs deal to acquire Arcadium Lithium for $6.7 billion
LONDON: Rio Tinto and Arcadium Lithium plc (NYSE: ALTM) announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The transaction represents a premium of 90% to Arcadium’s closing price of $3.08 per share on 4 October 2024, a premium of 39% to Arcadium’s volume-weighted average…
Brooks Macdonald to acquire LIFT Financial Group and LIFT Invest
LONDON: Brooks Macdonald Group will acquire 100% of the issued share capital of each of LIFT – ‘LIFT-Financial Group Ltd and LIFT-Invest’ for an initial consideration of £30 million payable in cash on completion and a total consideration of up to £45m, subject to financial targets. The acquisition aligns with the Group’s strategy by expanding its client…