LONDON: Van Elle Holdings plc (AIM: VANL), the UK’s largest ground engineering contractor, has acquired the entire issued ordinary share capital of Albion Drilling Holdings Limited, a market leading specialist piling and drilling business, for total consideration of up to £3.5m, of which £0.5m is net cash acquired. Based in Stirling, Albion is a leading…
Category: London Stock Exchange
News and updates from London Stock Exchange
Roadside JV acquires 12 Lidl stores in £70 million deal
LONDON: Roadside Retail Limited, in partnership with Meadow Real Estate Fund VI LP, has announced the acquisition of 12 stores from Lidl Great Britain Limited for a total of £70 million. This joint venture (JV) aims to acquire and develop roadside real estate assets across the UK. Lidl has already acquired the land, secured planning…
Assura plc to list on the Main Board of the Johannesburg Stock Exchange (JSE)
LONDON: Assura plc, the UK’s leading diversified healthcare REIT, announced that it is in the process of applying for a secondary inward listing on the Main Board of the Johannesburg Stock Exchange (JSE) by way of an introduction. Assura believes that admission to trading of the shares on the JSE will be beneficial to the…
Georgia Capital sells its beer and distribution business comprising Heineken and Black Lion brands
LONDON: Georgia Capital PLC (GCAP), the ultimate owner of a 92.4% equity stake in its beer and distribution business, has entered into an agreement with a subsidiary of Royal Swinkels N.V. for the disposal of the business. Following the disposal, the beer and distribution business will be held through a new holding company domiciled in…
Lords Group has acquired Ultimate Renewables Supplies Limited
LONDON: Lords Group Trading, a leading distributor of building, plumbing and heating materials in the UK, announced the acquisition of 90% of the issued share capital of Ultimate Renewables Supplies Limited for a total net cash consideration of up to £646,000. Established in December 2022, Ultimate Renewables, which is based in Bicester, Oxfordshire, provides a…
Cordiant Digital and partners to acquire Belgian data centers for €92.3 million
LONDON: Cordiant Digital Infrastructure Limited (CORD) and its partners, TINC NV and another Cordiant-managed fund, are buying and merging two Belgian data center businesses: Datacenter United (DCU) and the data center division of Proximus Group (PDC business). CORD and its fund will own 47.5% of the new combined group, investing €92.3 million. DCU is a…
Wilmington plc has acquired Phoenix Health & Safety for an initial £30.25 million
LONDON: Wilmington plc (LSE: WIL) has acquired Phoenix HSC (UK) Limited (Phoenix Health & Safety) for an initial cash consideration of £30.25 million. Phoenix Health & Safety offers training for a range of internationally recognised and regulated health, safety and environmental (“HSE”) qualifications. The acquisition strengthens Wilmington’s capabilities in the provision of must-have training and education to…
FirstGroup acquires Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches
LONDON: FirstGroup plc has acquired Shropshire-based Lakeside Group comprising well recognised local brands Lakeside Coaches, Merediths Coaches and A. T. Brown Coaches. Lakeside operates a fleet of c.145 buses and coaches of various sizes primarily from a central, owned depot in Ellesmere, Shropshire and from five smaller depots – one owned in Shrewsbury and the others leased…
Titon Holdings agrees to sell South Korean businesses
LONDON: Titon Holdings Plc has entered into a conditional agreement to sell its stakes in two South Korean entities: its 51% owned subsidiary, Titon Korea Co. Ltd, and its 49% owned associate, Browntech Sales Co. Limited (BTS). The total gross cash consideration for the disposal is £750,000. The decision comes after challenging market conditions in…
Assura sells assets for £25 million to reduce debt
LONDON: Assura plc, the UK’s leading diversified healthcare REIT, has announced the successful sale of 12 assets for cash proceeds of £25 million. The sale price aligns with the current book value of these assets, and the proceeds will be used to partially repay the Group’s revolving credit facility. This sale is part of Assura’s…
Mitie Group has acquired Argus Fire, a UK engineering-led fire systems business, for £38 million
LONDON: Mitie Group has announced the acquisition of Argus Fire, a UK engineering-led fire systems business, for a total consideration of £38.0m, building on Mitie’s position as a leading operator in the high-growth, high-margin UK fire & security market. Argus Fire has over 40 years of experience specialising in the design, installation, servicing and maintenance…
Ashtead Technology to acquire Seatronics and J2 Subsea Limited for £63 million
LONDON: Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, has reached an agreement to acquire Seascan Limited and its subsidiaries (otherwise known as Seatronics), along with its sister company, J2 Subsea Limited, an international subsea electronics and ROV tooling rental and services business…