GOTHENBURG, SWEDEN: BICO Group AB has entered into an agreement with the shareholders of Biosero Inc. to acquire all outstanding shares to an enterprise value of $165 million. Approximately 63 percent of the purchase price will be paid in cash, 21 percent by issuance of the Considerations Shares, and approximately 16 percent will be paid…
Author: Chenos Kahn
Sims Limited buys metal recycler Atlantic Recycling in a $37mn deal
SYDNEY, AUSTRALIA: Sims Limited, a global leader in metal recycling, has agreed to acquire the assets of United States-based metal recycler, Atlantic Recycling Group (ARG) for a total consideration of $37 million plus working capital adjustments. The acquisition is expected to reach financial close on 1 January 2022. The acquisition price implies an EV/EBITDA multiple…
ID Logistics acquires Colisweb for 24 million euros
PARIS, FRANCE: ID Logistics has acquired 100% of Colisweb, French specialist in the organization of last mile delivery by appointment. The purchase price, paid entirely in cash, is based on an enterprise value of 24 million euros. A price supplement of up to a maximum of 14 million euros may be paid in 2023 and…
Sistema increases effective stake in Binnopharm Group to 75.3%
MOSCOW, RUSSIA: Sistema’s subsidiary LLC Sistema Telecom Assets has exercised its call option to acquire the stake owned by VTB Bank in Sinocom Investments Limited, which owns shares of Ristango Holding Limited (owner of 100% of Binnopharm Group’s authorised capital) for a total of RUB 9.06 billion. As a result of the transaction, the Corporation’s…
AF Gruppen acquiring concrete contractor Stenseth & RS for NOK176mn
OSLO, NORWAY: AF Gruppen Norge AS has signed a letter of intent to acquire 80 per cent of Stenseth & RS Holding AS. Stenseth & RS consists of Stenseth & RS Entreprenør AS which was founded in 2002, as well as Stenseth & RS Anlegg and Stenseth & RS Ressurs which were established in 2017….
Yngve Slyngstad appointed CEO of Aker Asset Management
OSLO, NORWAY: Aker ASA has appointed Yngve Slyngstad as CEO and senior partner of Aker Asset Management (AAM), a news release said. Yngve Slyngstad will be responsible for building and developing active asset management to become a new business area in Aker, on par with the company’s industrial holdings. “Aker and Aker Horizons have worked…
Celyad Oncology sells 28.8% shares to Fortress Group for $32.5mn
BRUSSELS, BELGIUM: Celyad Oncology SA has entered into a subscription agreement with an affiliate of Fortress Investment Group for the private placement of 6.5 million ordinary shares for gross proceeds of USD 32.5 million (about EUR 28.7 million). The subscription will take place within the framework of the authorized capital and it is expected to…
Adevinta complete sale of Gumtree UK and Motors.co.uk
OSLO, NORWAY: Adevinta ASA has completed the sale of Gumtree UK and Motors.co.uk to a consortium consisting of O3 Industries, a New York-based family investment fund, and Novum Capital, a private equity firm based out of Frankfurt. The sale is part of a previous agreement with the UK’s Competition and Market Authority (CMA) for approval…
Sanofi to acquire Austrian Origimm Biotechnology GmbH
VIENNA, AUSTRIA: Sanofi has entered into an agreement to acquire Origimm Biotechnology GmbH, a news release said. Origimm Biotechnology is an Austrian privately owned biotechnology company specializing in the discovery of virulent skin microbiome components and antigens from bacteria causing skin disease, such as acne. With this acquisition, Sanofi continues executing its global Play to…
Believe acquires 76% stake in India’s Think Music for €13mn
PARIS, FRANCE: Believe, one of the world’s leading digital music companies, has acquired Think Music, one of the leading in South India based music labels. Believe acquires control with an initial 76% stake in Think Music for c. €13 million. The valuation reflects the strong growth of the business. The current management team led by…
Ease2pay N.V. agrees to acquire Involtum in a share exchanged deal
ROTTERDAM: Ease2pay N.V. has entered into an agreement to acquire all shares of Involtum Holding B.V. Ease2pay intends to acquire all shares in the share capital of Involtum in exchange for 10,714,792 newly issued non-listed shares in Ease2pay. Following the transaction, the Involtum shareholders are expected to hold approximately 46,4% of the outstanding shares in…
Janison buys Australia’s largest schools assessment business
SYDNEY, AUSTRALIA: Janison Education Group (ASX:JAN) has entered into a binding agreement to acquire 100% shares in AcademicAssessment Services Pty Ltd (AAS), provider of premium school assessments. The deal comprises an upfront consideration of $9 million and an earnout of approximately $8 million. The acquisition is expected to complete on or around 25 November 2021….