A new partnership between MSALABS, Barrick Gold and Chrysos Corporation will bring PhotonAssay™ technology, a safer and faster way of analysing gold samples, to Barrick’s mines around the world. The three companies have already been working together successfully in Africa, where PhotonAssay™ has replaced the old and dangerous fire assay method. Now, they will expand…
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ORR approves £43.1bn to deliver a safe and customer focused railway
LONDON, UK: The Office of Rail and Road (ORR) has today set out its Final Determination of Network Rail’s five-year, £43.1bn (£38.5bn in England and Wales, £4.6bn in Scotland) plans to deliver a safe and customer-focussed railway. The plans cover the five years from 1 April 2024, known as Control Period 7 (CP7). Since the…
IG Group slashes 10% of staff and £50m of costs to boost growth
LONDON, UK: IG Group, a London-based financial services company, is taking steps to make its business more efficient and profitable. The company plans to cut about 300 jobs, or 10% of its staff, by the end of FY23. It also aims to save £50 million a year by using its global hubs more effectively and…
Zegona Communications to acquire Vodafone Spain for €5.0 billion
LONDON, UK: Vodafone Group Plc has entered into binding agreements with Zegona Communications plc in relation to the sale of 100% of Vodafone Holdings Europe, S.L.U. (Vodafone Spain). On completion, Vodafone’s consideration will comprise at least €4.1 billion in cash and up to €0.9 billion in the form of Redeemable Preference Shares (RPS) which redeem,…
Bushveld Minerals acquires full ownership of Vametco Vanadium Mine
LONDON, UK: Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, has entered into a conditional agreement which will result in the Company increasing its ownership to 100% of the Vametco vanadium mine and production facility. Highlights Bushveld has entered into a definitive agreement to acquire the…
Oakley to acquire majority stake in Alerce, Spanish transport and logistics software solutions
LONDON, UK: Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO Pablo Pardo Garcia, who will retain a significant stake in the business, underscoring their continued commitment to the company’s success.…
Frasers Group divests Missguided IP to SHEIN
LONDON, UK: Frasers Group has divested the IP of Missguided to SHEIN, in line with its disciplined approach to managing its portfolio of brands. Under the terms of the transaction, SHEIN will acquire the IP and trademarks of Missguided, whilst the Group will retain Missguided’s real estate and employees which have now been integrated into…
Premier Foods has acquired FUEL10K for upto £34 million
LONDON, UK: Premier Foods has acquired FUEL10K, a vibrant Breakfast brand, with a portfolio of granola, oats and drinks products, as the Group significantly expands its presence in the breakfast meal occasion. FUEL10K is a differentiated, protein enriched Breakfast brand. The acquisition substantially increases Group’s position in the breakfast category, building on success of Ambrosia…
Ascential plc to sell its Digital Commerce and Product Design businesses for £1.4 billion
LONDON, UK: Ascential plc has entered into agreements to sell its Digital Commerce business to Omnicom Group Inc., and its product design business (WGSN) to Wind UK Bidco 3 Limited, a newly-formed company established by funds advised by Apax Partners LLP for a combined enterprise value of £1.4 billion and cash proceeds of £1.2 billion.…
Intuitive Investments Group agrees to acquire Hui10 Inc. at a valuation of $365 million
LOPNDON, UK: Intuitive Investments Group plc (IIG) has agreed, at a valuation of $365 million, to acquire in the entire issued share capital of Hui10 Inc. in exchange for the issue of 1.911 billion new ordinary shares in Intuitive Investments Group to vendor shareholders of Hui10, a statement said. This investment is in accordance with…
Apax Funds acquire GAN Integrity
LONDON, UK: On 26 October 2023, the Apax Global Impact Fund (AGI), in which AGA is a limited partner, announced that it had acquired GAN Integrity, a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance. Founded in Denmark in 2004, GAN Integrity provides…
Intelligent Safety Electronics offers to acquire FireAngel Safety Technology for £27.68 million
LONDON, UK: Intelligent Safety Electronics (ISE) has agreed to acquire all shares of FireAngel Safety Technology Group not already owned or controlled by ISE at the rate of 7.40 pence per FireAngel Share. The offer values the total issued and to be issued share capital of FireAngel at approximately £27.68 million. ISE is a company…