LONDON, UK: Smiths Group plc has agreed the sale of Smiths Medical to ICU Medical Inc in a $2.4 billion deal, a news release said. The ICU Transaction delivers $0.4bn more value to shareholders and carries future material upside through both participation in ICU Medical equity and a $0.1bn ‘earnout’. In light of this, the…
S4Capital announces merger with Cashmere
LONDON, UK: S4Capital Plc has announced a merger between Cashmere and Media.Monks, which significantly expands the capabilities of both its content practice in the USA and global cultural strategy. Cashmere is the premier culture and creative marketing agency, founded in Los Angeles in 2003, by Ted Chung and Seung Chung. With over 150 team members,…
Property Franchise Group buys 80% stake in The Mortgage Genie
LONDON, UK: The Property Franchise Group (TPFG) has acquired 80% of the issued share capital of The Mortgage Genie Limited (TMG). The initial consideration is £400,000 with an estimated additional payment of c.£90,000 once the post completion process has been satisfactorily finalised. The Mortgage Genie (TMG) is a mortgage broker operating as an Authorised Representative…
Apax X Fund and Warburg Pincus to jointly acquire T-Mobile Netherlands
LONDON, UK: On 7 September 2021, the Apax X Fund signed, in consortium with Warburg Pincus LLP, a definitive agreement to acquire T-Mobile Netherlands Holding B.V., a leading European telecommunications operator. The transaction is subject to customary closing conditions, including consultation with employee representatives, and regulatory approvals. AGA is a limited partner in Apax X…
Gfinity acquires SiegeGG
LONDON, UK: Gfinity Plc, a world-leading esports and gaming solutions provider, announced the acquisition of the trade and assets of SiegeGG Corporation, which operates siege.gg, a leading website for statistics, analysis and news around the Rainbow Six Siege video game. SiegeGG with immediate effect will become part of the fast-growing Gfinity Digital Media group (GDM),…
Aramex redesigns operating model to capture growth opportunities
DUBAI, UAE: Aramex announced adopting a new operating model with the strategic objective of enhancing customer service levels and operating efficiencies while capturing greater global market share within both the B2C and B2B customer segments. Operating Model Redesign: Aramex Express, which includes international and domestic delivery solutions will serve the B2C customer base including Shop…
Trading Tips: How To Identify Strong Uptrending Stocks
Stock investing is a force that many are reckoning with. There are many individual investors and companies which are making a fortune from the stock market. However, just like in any other investment, one needs to make well-schemed moves. This helps in acting accordingly so that the realization of the profits can be possible. The…
Patricia Industries funds strategic add-on acquisition by Sarnova
STOCKHOLM, SWEDEN: Sarnova, a leading specialty distributor of healthcare products for the emergency preparedness and acute care markets, has completed the acquisition of Allied 100, a leading specialty distributor of automated external defibrillators (AEDs) used in emergency situations to save the lives of sudden cardiac arrest (SCA) patients. Allied 100 will be combined with Sarnova’s…
Jacob Deysel appointed CEO of Mineral Commodities
SYDNEY, AUSTRALIA: Mineral Commodities (MRC) announced that Jacob Deysel will join MRC as its new Chief Executive Officer to commence on 4 October, 2021. Jacob has substantial executive, mining, and project development experience, having held senior executive positions in the mining industry across numerous commodities in Africa, South America, Europe and Australia. Importantly, he has…
Augmentum Fintech makes $10 million investment into Anyfin
LONDON, UK: Augmentum Fintech plc, the UK’s only publicly listed investment company focussing on the fintech sector, announces that it has made a US$10 million (c. £7.3 million) investment into Stockholm based consumer credit refinancing company AnyFin, marking Augmentum’s first investment into Sweden. This investment follows Anyfin’s US$30 million Series B round in May 2020….
United Oil and Gas sells UK Central North Sea licences
LONDON, UK: United Oil & Gas Plc announced that, further to the signing of non-binding Heads of Terms as previously announced on the 28 July 2021, it has now entered into a binding sale and purchase agreement (SPA) with Quattro Energy Limited to sell UK Central North Sea Licences P2480 and P2519 for a headline…
LondonMetric buys urban logistics warehouses for £35 million
LONDON, UK: LondonMetric Property Plc announced the acquisition of three urban logistics warehouses for £35.4 million in separate transactions, reflecting a blended NIY of 4.4% and a reversionary yield of 4.9%. The properties generate a rent of £1.7 million p.a. with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses…