LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Fund III (Fund III) has reached an agreement to sell its stake in Schülerhilfe, the leading provider of professional tutoring services to primary and secondary school students across Germany, Austria and Switzerland. OCI’s look-through share of proceeds is anticipated to be c.£40 million, which represents…
Category: London Stock Exchange
News and updates from London Stock Exchange
Wheaton Precious Metals partners with Montage Gold for Côte d’Ivoire project
LONDON: Wheaton Precious Metals Corp. has announced that its subsidiary, Wheaton Precious Metals International Ltd., has entered into a definitive agreement with Montage Gold Corp. for the Koné Gold Project in Côte d’Ivoire. This agreement, known as the Gold Stream, involves Wheaton providing a total upfront cash consideration of $625 million in four equal installments…
Patria Private Equity Trust has sold portfolio of fund investments for £180 million
LONDON: Patria Private Equity Trust plc (PPET) has announced the completion of the sale of a portfolio of 14 fund investments for approximately £180 million. This disposal resulted in a combined overall return of 1.9x Multiple on Invested Capital and a 16% Internal Rate of Return (IRR) for the divested funds. The divested funds, which…
Scancell Holdings appoints Dr. Phil L’Huillier as new CEO
LONDON: Scancell Holdings plc (AIM: SCLP), a developer of cancer immunotherapies, has appointed Dr. Phil L’Huillier as the new Chief Executive Officer, effective November 18, 2024. Dr. L’Huillier, previously CEO of CatalYm GmbH, brings extensive experience in expanding investor bases and progressing clinical studies. Professor Lindy Durrant, the current CEO, will remain in her role…
LPA Group appoints Philo Daniel-Tran as Chief Executive Officer
LONDON: LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announced the appointment of Philo Daniel-Tran as Chief Executive Officer who will join LPA as a director of the Company in January 2025. Philo has a wealth of experience working in Transport, Defence and Security sectors across the globe. Until…
Nanoco Group appoints Dmitry Shashkov as Chief Executive Officer
LONDON: Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, announced the appointment of Dmitry Shashkov as Chief Executive Officer with immediate effect. Dmitry will succeed Brian Tenner who, as announced on 25 July 2024, will step down…
Mercedes-Benz launches Europe’s first integrated battery recycling plant in Germany
LONDON: Neometals Ltd, a sustainable process technology developer, announced that Mercedes-Benz has officially inaugurated its lithium-ion battery recycling plant in Kuppenheim, Germany. The plant uses technology developed by Primobius GmbH, a 50:50 joint venture between Neometals and SMS group GmbH. Primobius has designed and is installing a 2,500-tonne per annum integrated recycling plant, chosen by…
HSBC Holdings restructured into four separate businesses
LONDON: HSBC Holdings plc is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. HSBC Group Chief Executive Officer, Georges Elhedery, commented: “The changes that we are announcing today will make it easier for our colleagues to serve our customers and drive the future success of the Group. The new…
Avacta and Tempus Enter Strategic Collaboration to Advance AI-Driven Drug Development in Oncology
LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing next generation peptide drug conjugates (PDC) targeting powerful anti-tumor payloads directly to the tumor, today announces the initiation of an artificial intelligence (AI)-focused collaboration with Tempus AI, Inc. (Nasdaq: TEM), a technology company leading the adoption of artificial intelligence to advance precision medicine and patient care….
Zinc Media to sell Zinc Communicate Publishing
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
PureTech’s Seaport Therapeutics announces an oversubscribed $225 million Series B financing round
LONDON: PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) noted that its founded entity, Seaport Therapeutics, a biopharmaceutical company that is advancing novel neuropsychiatric medicines with a proven strategy and team, today announced the closing of an oversubscribed $225 million Series B financing round. The syndicate was led by General Atlantic, a leading global growth investor,…
Ocean Wilsons to sell 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services
LONDON: Ocean Wilsons has announced that its wholly-owned subsidiary, OW Overseas (Investments) Limited (OWOIL), has agreed to sell its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl (SAS), a subsidiary of MSC Mediterranean Shipping Company SA (MSC). The sale is valued at R$4.352 billion, equivalent to R$17.50 per share. The transaction…