STOCKHOLM, SWEDEN: Medicover AB has signed an agreement to acquire CDT Medicus Group (CDT), a leading regional provider of medical services operating in the South Western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM). Medicover acquires 100 per cent of the voting rights for EUR 54 million including assumed debt. The transaction value implies a low…
Author: Chenos Kahn
Virbac buys remaining 34% stake in Centrovet group for $43.7mn
PARIS, FRANCE: Virbac, an animal health pharmaceutical company, has bought 34% of the shares of the Centrovet group, thus increasing its stake to 100%. The consideration paid for the acquisition of this stake is US $43.7 million, paid in full and in cash upon closing, to which will be added, if applicable, an additional consideration…
BlueScope buys steel recycling business of MetalX for $240mn
SYDNEY AUSTRALIA: BlueScope has entered into a binding agreement to buy the ferrous scrap steel recycling business of MetalX LLC. It is the leading supplier of scrap feed to its Ohio-based mini-mill business, North Star BlueScope Steel. BlueScope will pay US$240 million to acquire two of MetalX’s operating sites which are located in Indiana and…
Fiducian acquires PCCU’s Financial Planning Business
Sydney, Australia: Fiducian Financial Services (FFS), financial planning subsidiary of Fiducian Group Limited (Fiducian) was selected by the People’s Choice Credit Union (PCCU) as the successful bidder to acquire PCCU’s financial planning business. The acquisition by Fiducian Financial is a continuation of its strategy to expand its quality financial planning network throughout South Australia and…
Ekinops acquires edge computing start-up, SixSq
PARIS, FRANCE: Ekinops, leading provider of telecommunications solutions dedicated to telecommunications operators and businesses, announced the acquisition of the start-up SixSq, a software publisher in SaaS mode (Software-as-a- Service) dedicated to Edge Computing. Based in Geneva, Switzerland, SixSq provides an ultra innovative solution that allows companies to take advantage of the added value of Edge…
Claranova buys all minority interests in Avanquest for €99.9mn
PARIS, FRANCE: Claranova announced the completion of the buyout of all minority interests in Avanquest, its software publishing division, as announced on August 11, for a total consideration of €99.9 million, including a purchase price adjustment of €1.5 million based on Avanquest’s cash position. On this basis, the total value of the division’s shares amounted…
Pacific Edge appoints Dr Peter Meintjes as its new CEO
AUCKLAND, NEW ZEALAND: Cancer diagnostics company Pacific Edge announced the appointment of Dr Peter Meintjes, an experienced molecular diagnostics and genomics business leader, as its new Chief Executive Officer. Dr Meintjes, a New Zealand citizen currently resident in Boston, brings to Pacific Edge extensive global diagnostics, biotechnology, and commercial leadership expertise. He also has a…
Kongsberg to sell Light-Duty Cables business to Suprajit for EUR 37.7mn
ZURICH: Kongsberg Automotive has entered into an agreement for the sale of the Light-Duty Cables (LDC) business unit to Suprajit Engineering Limited. The two companies entered into a definitive agreement on October 28, 2021. Under the terms of the transaction, Suprajit will acquire Kongsberg Automotive’s LDC business unit for an Enterprise Value of EUR 37.7…
Ikano Bank to buy consumer finance portfolio of Basisbank
MALMÖ, SWEDEN: Ikano Bank AB has entered into an agreement to buy Basisbank A/S consumer finance portfolio representing approximately 2 billion DKK (270 million EUR) in loan book value. Following regulatory approvals, the transaction will significantly grow Ikano Bank’s consumer lending business in Denmark, since Basisbank’s loan book makes up almost 10% of the 25…
Telstra partners Australian Gov’t to acquire Digicel Pacific for $1.6bn
SYDNEY, AUSTRALIA: Telstra partnered with the Australian Government to acquire the Digicel business in the South Pacific region for US$1.6 billion. Moreover, an additional US$250 million to be paid subject to business performance over the next three years. The Digicel business will be owned and operated by Telstra. Telstra is contributing US$270 million of equity…
CountPlus finalises terms to acquire Accurium for $9mn
SYDNEY, AUSTRALIA: CountPlus Limited, Australia’s leading network of professional accounting and advice firms, has finalised terms to acquire Accurium Pty Ltd from Challenger Limited. Accurium is Australia’s largest supplier of Self-Managed Superannuation Fund (SMSF) actuarial certificates, with circa 45% market share, providing actuarial certificates direct via an online portal or through integration with leading SMSF…
Handelsbanken exiting from Denmark and Finland
OSLO, NORWAY: Handelsbanken has initiated the process to divest its operations in Denmark and Finland, markets that account for 10% of the income, 13% of the costs, and 8% of the operating profit within the group. The capital allocated to the operations in Denmark and Finland amounts to a total of approximately SEK 15 billion….