LONDON, UK: Cobham Ultra Acquisitions Limited, a wholly-owned indirect subsidiary of Cobham Group Holdings Limited, has agreed the terms and conditions of a recommended acquisition of Ultra Electronics Holdings plc in a £2.57 billion transaction. The boards of directors of Ultra Electronics Holdings plc and Cobham Ultra Acquisitions Limited have reached agreement on the terms…
Future plc acquires Dennis for £300 million
LONDON, UK: Future plc has acquired Dennis, a leading consumer media subscriptions business, which includes trusted Wealth, Knowledge and B2B technology specialist titles such as, Kiplinger, MoneyWeek, The Week & IT Pro, from Exponent Private Equity LLP. The acquisition, which is expected to be materially earnings enhancing, is for a purchase price of approximately £300m,…
Mutares SE agrees to acquire Innomotive Systems Hainichen
MUNICH: Mutares SE & Co. has signed an agreement to acquire Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise, a news release said. The company will strengthen Mutares’ Automotive & Mobility segment with production sites in Germany and China, with a total of around 450 employees and will be complementary to the KICO Group….
Tallink Grupp sells Baltic Retail OÜ
ESTONIA: Tallink Grupp AS has sold 100% shares in its wholly owned subsidiary Baltic Retail OÜ to Talwest Grupp OÜ, a news release said. The main activity of Baltic Retail OÜ, established in January 2018, is onshore fashion retail sales in Estonia and the company owns the franchise rights of five fashion brands and operates…
NEXT partners face recognition leader Paravision
OSLO, NORWAY: NEXT Biometrics has signed a partnership agreement with Paravision, the San Francisco-based face recognition company. The partnership enables NEXT to offer dual authentication methods to customers looking for both face and fingerprint biometric solutions. Paravision is the #1 ranked U.S. provider and a top-10 global provider in several of NIST’s Face Recognition Vendor Test (FRVT)…
Path Investments to buy DG Innovate for £32mn
LONDON, UK: Path Investments plc has entered into a conditional sale and purchase agreement to buy the entire issued share capital of DG Innovate Ltd. The consideration of £32 million will be satisfied by the issue of 5.342 billion ordinary shares of Path Investments at an issue price of 0.6 pence per share. DG Innovate…
SECP approves Octopus Digital IPO
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval to Octopus Digital Limited to issue, circulate and publish the prospectus for the issuance of 27.350 million ordinary shares (IPO). The Issue consists of 27.35 million ordinary shares i.e., 20 per cent of the total post-IPO paid up capital of Octopus Digital Limited. The initial…
Morses Club proposes to transform into U Money Plc
LONDON, UK: Morses Club Plc is proposing a reorganisation of its business and corporate structure which will involve the introduction of a new, AIM-quoted, holding company for the Group, U Money PLC. Following the reorganisation, there will be two distinct business divisions, home collected credit (HCC) and digital, which will operate through separate operating subsidiaries…
Oracle Power’s gold drilling approved
LONDON, UK: Oracle Power Plc announced that the Department of Mines, Industry Regulation and Safety – Western Australia, has approved the Company’s Programme of Work (PoW) for the Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia. The objective of the first phase of the PoW is to complete seven Reverse Circulation…
Proposals to migrate to UK tax residence and apply for UK investment trust status
LONDON, UK: Aberdeen Asian Income Fund Limited’s investment objective is to provide investors with a total return primarily through investing in Asia Pacific securities, including those with an above average yield. The Company currently earns investment income from a diversified portfolio of investments with exposure to the Asia Pacific region, much of which is subject…
SGT Capital LLC has acquired Utimaco
FRANKFURT, GERMANY: SGT Capital LLC has acquired Utimaco, a strongly growing global market leader for cyber security solutions, co-headquartered in Aachen and Campbell, California, with more than 470 employees and expected three-digit million revenues. The acquisition is subject to different regulatory approvals. Its closing is expected for Q4 2021. The seller is EQT Private Equity,…
Brave Bison acquires digital advertising firm Greenlight
LONDON, UK: Brave Bison Group has entered into a conditional agreement to acquire the entire issued share capital of digital advertising company Greenlight Digital Limited and Greenlight Commerce Limited (Together Greenlight) for an aggregate consideration of c.£6.8 million. Greenlight is a digital advertising and technology company with more than 120 employees in the UK and…