LONDON, UK: Kingswood Holdings Limited (LON: KWG) has agreed to acquire, subject to regulatory approval, Money Matters North East Limited (MMNE), a privately owned wealth management business, primarily offering its services in the North East of England. Following regulatory approval, the business will be acquired for total cash consideration of up to £3.4m, payable over…
Eurowag agrees to acquire WebEye for EUR 55.9mn
LONDON, UK: W.A.G payment solutions (Eurowag) has entered into an agreement to acquire 100% of the share capital of WebEye Telematics, a leading Fleet Management Solution provider in Central and Eastern Europe, from the founders and management. WebEye has an established presence in Europe with a total portfolio of more than 57,000 connected trucks. It…
Ascential plc has acquired WhyteSpyder LLC
LONDON, UK: Ascential plc (LON: ASCL) has acquired WhyteSpyder LLC, an eCommerce software and digital merchandising business which helps brands succeed on Walmart‘s digital marketplace. WhyteSpyder provides retail managed services to more than 80 enterprise brands that trade on Walmart.com, utilising a mix of technology-driven search engine optimisation, retail insights, content management and rich media…
Kin and Carta sells Edit Agency and Relish Agency for £18.6mn
LONDON, UK: Kin and Carta plc (LON: KCT) has now successfully completed the divestments of its two remaining venture businesses, Edit Agency Limited (Edit) and Relish Agency Limited (Relish), for a total of £18.6 million in cash before costs and customary adjustments for debt and working capital. Kin and Carta plc (LON: KCT) is the…
Miyagi is merging with Media.Monks in Italy
LONDON, UK: S4Capital plc (LON: SFOR) announced that Miyagi is merging with Media.Monks to form S4Capital’s Content practice in Italy. The merger adds to the existing Content, Data&Digital Media capabilities in Italy, Europe’s fourth largest advertising market. Miyagi was founded in 2013 by five partners Francesco Bragonzi, Francesco Menichini, Tommaso Marucchi, Felice Arborea and Giuseppe Azzone. Specialising in end-to-end digital experience…
IMI plc to buy Adaptas Solutions at enterprise value of $271mn
LONDON, UK: IMI plc (LON: IMI) announced the proposed acquisition of Adaptas Solutions for an enterprise value of $271 million. Adaptas Solutions will become part of IMI’s Precision Fluid OEM Business Unit within IMI Precision Engineering. For the year ending 31 December 2021, Adaptas solutions is expected to generate revenues of c.$83m, with adjusted EBITDA…
HEINEKEN, Distell Group and Namibia Breweries agree to merge
AMSTERDAM: HEINEKEN N.V. intends to acquire control of Distell and NBL, which will be combined with HEINEKEN South Africa into a new HEINEKEN majority owned business with a total valuation of approximately €4 billion. HEINEKEN N.V. (OTCQX: HEINY) has entered into an implementation agreement with Distell Group Holdings Limited, Namibia Breweries Limited (NBL) and Ohlthaver…
EPC Group acquires majority stake in NORMAT Services
PARIS, FRANCE: The EPC Group has finalized the purchase of a majority stake (75%) in the company NORMAT Services SA, first establishment of the group in Benin. NORMAT was created in 2017 in Cotonou and initially focused on on mining drilling activities. Today the company, which has diversified its offer, realizes, in addition to blasting,…
BrainChip Holdings appoints Sean Hehir as new CEO
SYDNEY, AUSTRALIA: BrainChip Holdings Ltd (ASX: BRN) has appointed Sean Hehir, a proven technology executive with significant experience in driving explosive revenue growth for the world’s largest technology organizations, as Chief Executive Officer. BrainChip Holdings is a leading provider of ultra-low power, high performance artificial intelligence technology and the world’s first commercial producer of neuromorphic…
x15ventures invests more in Identitii subsidiary, Payble
SYDNEY, AUSTRALIA: Identitii Limited (ASX:ID8) announce that the CBA New Digital Businesses Pty Ltd (x15ventures), is investing a further $0.7 million in Identitii subsidiary, Payble Pty Ltd, taking up the right to follow its initial investment. The new funding follows Payble’s early success in the energy retail sector, having completed a commercial trial and subsequently…
ACL to buy Medlab Pathology in a $65 million deal
SYDNEY, AUSTRALIA: Australian Clinical Labs (ACL) today entered into a binding agreement to purchase Medlab Pathology, a leading Australian privately-owned independent pathology provider, based in NSW and QLD. The acquisition is subject to regulatory approval and completion of customary conditions precedent. The acquisition an will be funded by an upfront payment of $60m plus a…
360 Capital sells FibreconX for $26.7mn
SYDNEY, AUSTRALIA: 360 Capital Group (ASX:TGP) has now entered into an unconditional contract to sell its entire 39.1% co-investment stake and sale of 50% of the management rights in FibreconX. Total consideration of $26.7 million equates to an IRR of 177% p.a. on original investment of $9.95 million. This sale generates a pre-tax profit of…