LONDON: Sealand Capital Galaxy Limited [LSE: SCGL], a leading IT, social media, and technology company, announced the immediate appointment of Dr. Thomas Sawyer, Ph.D., MBA, as Chief Executive Officer. Dr. Sawyer succeeds Ms. Elena Suet Sum Law, who will retire from her role as CEO and continue as Chairwoman of the Board. Dr. Sawyer is…
Category: London Stock Exchange
News and updates from London Stock Exchange
Cordel Group forms partnership with VRSD, a subsidiary of Vossloh AG
LONDON: Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announced a new partnership with VRSD, a subsidiary of Vossloh AG. VRSD is engaged in railway related services, with expertise in rail infrastructure and rail technology markets. It provides various types of rail services and has at its disposal technical capabilities and expertise…
Intuitive Investments Group announces landmark agreement for Hui10 Inc.
LONDON: Intuitive Investments Group plc (SFS: IIG), a closed-end investment company focused on high-growth opportunities in the technology and life sciences sectors, announced a significant milestone for its investee company, Hui10 Inc. (“Hui10”). Hui10 has secured a landmark agreement with the General Administration of Sport of China. This strategic partnership provides Hui10 the opportunity to…
Brian Woodford appointed CEO of Redcentric Plc
LONDON: Redcentric plc (AIM: RCN), a leading UK IT managed services provider, announces the appointment of Brian Woodford to the Board, effective 3 February 2025. Furthermore, Brian Woodford will assume the role of CEO after an anticipated two-month transition period and a smooth handover of responsibilities, with Peter Brotherton stepping down as CEO of the…
Winking Studios to acquire Shanghai Mineloader Digital Technology Co.
SHANGHAI: Winking Studios Limited, one of Asia’s largest AAA game art outsourcing studios, announced a proposed conditional acquisition of Shanghai Mineloader Digital Technology Co., Ltd., a leading game art outsourcing and development studio. The acquisition, funded from Winking Studios’ internal cash resources, is valued at approximately RMB 146 million (about S$27.2 million or £16.3 million)….
Petershill Partners sells major stake in General Catalyst for $726 million
LONDON: Petershill Partners has completed the sale of most of its stake in General Catalyst for $726 million, reflecting a 62% premium to its $447 million carrying value as of June 2024. This sale is part of a capital restructuring involving General Catalyst and external investors. Since Petershill’s 2018 investment, General Catalyst has evolved from…
Carr’s Group agrees to sell Engineering Division for £75 million
LONDON: Carr’s Group has announced the sale of its Engineering Division, comprised of Carr’s Engineering Limited and Carr’s Engineering (US), Inc., to Cadre Holdings, Inc. for a cash consideration of £75 million on a cash-free, debt-free basis. Transaction Highlights: – The sale, valued at £75 million, represents a multiple of 7.1x FY24 Adjusted EBITDA. –…
DiscoverIE acquires German sensor manufacturer Burster Group for €30.6 million
LONDON: DiscoverIE Group plc, a leading international designer and manufacturer of customized electronics, has announced the acquisition of German-based specialist sensor manufacturer Burster Group for €30.6 million (£25.9 million) in an initial cash consideration. The deal will be funded from DiscoverIE’s existing debt facilities and includes an earn-out of up to €12.4 million (£10.5 million),…
Optima Health announces acquisition of BHSF Occupational Health
LONDON: Optima Health (AIM: OPT), the UK’s foremost provider of technology-enabled corporate health and wellbeing solutions, announced Thursday an agreement to acquire the entire issued share capital of BHSF Occupational Health Limited from BHSF Group Limited. The acquisition, valued at £1.4 million on a cash-free, debt-free basis, is poised to expand Optima Health’s customer base…
IG Group Holdings acquires Freetrade for £160 million
LONDON: IG Group Holdings plc has announced the acquisition of Freetrade, a fast-growing, commission-free, self-directed investment platform, for £160 million. This acquisition aims to strengthen IG’s UK trading and investments offerings and provide access to new customer segments and capabilities. Breon Corcoran, CEO of IG, stated that this acquisition presents a rare opportunity to enhance…
Fortress Investment Group makes revised offer to acquire Loungers Plc
LONDON: Loungers plc and CF Exedra Bidco Limited, a company indirectly owned by Fortress Investment Group, LLC, have announced an agreement for Bidco to acquire the entire issued and to be issued share capital of Loungers. The acquisition will be executed through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006….
Thruvision Group to explore strategic options including formal sale process
LONDON: Thruvision Group plc (AIM: THRU), an international provider of walk-through security technology, announced a strategic review and the potential launch of a formal sale process aimed at maximizing value for shareholders, employees, and other stakeholders. Despite advancements in technology and efforts to bolster sales capabilities following the divestment of the Digital Barriers video division…