LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth. This sale marks the start of a new phase…
Category: London Stock Exchange
News and updates from London Stock Exchange
Pulsar Group has sold its shareholding in TrackRecord Holdings
LONDON: Pulsar Group Plc (AIM: PULS), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, has sold the majority of its 21% shareholding in TrackRecord Holdings Limited, the holding company of compliance management company Trailight, for a cash consideration of £1.4m. Pulsar now retains a 1% shareholding in TrackRecord Holdings…
K3 Business Technology Group announces sale of NexSys to SYSPRO for £36 million
LONDON: The Board of K3 Business Technology announced an agreement with SYSPRO, a global ERP software provider controlled by Advent, to sell K3’s subsidiary, NexSys, for £36 million. NexSys, a leading SYSPRO partner in the UK, has over 40 years of experience in providing business software solutions. Financial Details – NexSys generated £12.1m revenue and…
Supreme Plc has acquired Typhoo Tea Limited for £10.2 million
LONDON: Supreme Plc (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, has acquired trade and selected assets of Typhoo Tea Limited, a long-established and well-known British tea brand, for a total cash consideration of £10.2 million out of administration. The deal includes Typhoo Tea’s stock and trade debtors with a…
Baker Steel Resources announces sale of Nussir ASA shares to Blue Moon Metals
LONDON: Baker Steel Resources Trust Limited has announced that, along with the three other main shareholders, it has agreed to sell its shares in Nussir ASA to Blue Moon Metals Inc, a company listed on the TSX-V stock exchange. This sale represents 70.8% of Nussir’s issued share capital, valuing Nussir at $55.3 million. The transaction…
ABC Technologies offers to acquire TI Fluid Systems £1.039 billion
LONDON: ABC Technologies has reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems at the rate of 200 pence in cash per share. The acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary…
Macquarie Asset Management offers to acquire Renewi plc for 870 pence per share
LONDON: Renewi plc and Macquarie Asset Management have reached a preliminary agreement on the financial terms for Macquarie to acquire all shares of Renewi. Shareholders of Renewi will receive 870 pence per share in cash, which is a 57% premium over Renewi’s closing share price of 554 pence on November 27, 2024, and a 41% premium over…
Blencowe Resources joins the international SAFELOOP Consortium
LONDON: Blencowe Resources (LSE: BRES) has announced its acceptance into the international SAFELOOP consortium, part of the European Commission’s €100 billion Horizon Europe Programme. The SAFELOOP initiative focuses on the EU’s renewable energy transition, offering significant opportunities for Blencowe and its Orom-Cross Graphite Project in Uganda. The consortium positions Orom-Cross as a critical supplier in…
Diaceutics Plc expands US commercial activities
LONDON: Diaceutics PLC (AIM: DXRX), a leading technology and solutions provider for the pharma and biotech industry, has announced significant progress in expanding its US commercial activities. The company executed a commercial data partnership agreement in the first half of 2024 and four additional agreements in the second half, totaling £1.13 million ($1.48 million) in…
Fortress Investment Group offers to acquire Loungers plc for £338.3 million
LONDON: Fortress Investment Group through CF Exedra Bidco Limited has offered to acquire Loungers plc. Under the terms of the acquisition, each Loungers shareholder will be entitled to receive 310 pence in cash per share with an alternative option to participate in an unlisted share alternative in respect of some or all of their Loungers…
JD Sports Fashion completes acquisition of Groupe Courir
LONDON: JD Sports Fashion Plc (LSE: JD) has completed the acquisition of Groupe Courir S.A.S. The deal was finalized after receiving conditional clearance from the European Commission on October 22, 2024, and meeting all other conditions. CEO Régis Schultz stated, “This acquisition is a key milestone in our European strategy, expanding our customer base to…
DG Innovate and EVage form joint venture to produce electric motors
LONDON: DG Innovate plc (LSE: DGI), a leader in sustainable mobility and energy storage solutions, has announced a joint venture with Indian electric vehicle maker EVage Automotive Pvt. Limited. The agreement aims to manufacture and supply DG Innovate’s Pareta® e-drives. This follows a Memorandum of Understanding signed earlier this year. The new joint venture company,…