LONDON, UK: KYND, a provider of pioneering cyber risk management solutions to the insurance industry, has secured £3.25m of investment from Business Growth Capital (also known as the British Growth Fund / BGF) a UK and Ireland-based growth capital investment company that provides funding as a minority, non-controlling equity partner. Founded in 2018, KYND has…
Category: London Exchange
London Stock Exchange, Corporate filings, news releases, M&A
Alpha FX Group appoints Nick Maton as MD, Luxembourg
LONDON, UK: Alpha FX Group announced the appointment of Nick Maton as Managing Director, Luxembourg. Nick Maton has over 30 years’ experience in financial services, including managing and growing businesses in the Luxembourg markets, which is an area of strategic importance for the Group. He joins Alpha with an in-depth knowledge of the alternative investment…
Toople Plc announces second new contract for 2022
LONDON, UK: Toople Plc, a provider of bespoke telecom services to UK SMEs, announced its second new contract win for 2022 as its business momentum continues to build. The new contract is for a period of 36 months with a City of London based family office with a network of international advisers. Toople Plc has…
Tekmar Group wins $10mn contract in Middle East
LONDON, UK: Tekmar Group, a leading provider of technology and services for the global offshore energy markets, won a significant new contract to provide pipeline support and protection materials for a major subsea construction project in the Middle East. The contract award is for a value in excess of USD 10 million and is anticipated…
Wizz Air issues EUR 500 million bond
GENEVA: Wizz Air Holdings Plc, the fastest growing European low-cost airline, announced the pricing of its bond offering of EUR 500 million 1.00% notes due in 2026. The offering is expected to close on 19 January 2022 subject to customary conditions. The bond offering was executed within the framework of the Euro Medium Term Note…
Digital 9 Wireless buying 56% stake in Tetra Ireland for €76mn
LONDON, UK: Digital 9 Wireless Limited has signed a conditional agreement to acquire a majority stake (56%) in the exclusive operator of public safety wireless networks across the Republic of Ireland (RoI), Tetra Ireland Communications Limited for a total consideration of approximately €76 million. Digital 9 Wireless may also have the opportunity to increase the…
Ultra and Mahindra win £60 million contract with Indian Navy
LONDON, UK: Ultra Electronics in partnership with Mahindra Defence Systems Limited, won the Integrated Anti-Submarine Warfare Defence Suite (IADS) programme for selected frontline warships of the Indian Navy. The contract is worth approximately £60 million to Ultra. Deliveries are due to commence in 2024 and to be completed by 2030. IADS provides a powerful multi-sensor…
Haydale gets SMARTCymru grant to develop anti-counterfeiting technology
LONDON, UK: Haydale Graphene Industries has been awarded a SMARTCymru grant from The Welsh Government that will enable the Ammanford-based company to progress with the development of its anti-counterfeiting ink technology, PATit. The has a total cost of £169,000 and is expected to take six months to complete. The SMARTCymru grant, which is part-funded by…
Kinovo sells construction division, DCB for £5.0 million
LONDON, UK: Kinovo Plc has entered into an agreement to sell the company’s non-core construction division, DCB (Kent) Limited, for a total deferred consideration of up to £5.0 million. The construction division has been acquired by MCG Global Limited on the following terms, consisting of four constituent elements: · Firstly, up to £1.9 million will…
Schroder invests in renewed electronics marketplace, Back Market
LONDON, UK: Schroder UK Public Private Trust has made a €12.0 million investment in leading renewed electronics marketplace, Back Market (incorporated as Jung S.A.S.), as part of its $510 million Series E funding round. The round was led by Sprints Capital, together with Eurazeo Growth, Aglaé Ventures, General Atlantic, and Generation Investment Management. The Company…