LONDON: FirstCash Holdings Inc. has finalized terms for its acquisition of British pawnbroker H&T Group plc through Chess Bidco Limited, an indirect wholly owned subsidiary. Under the agreement, Bidco will purchase H&T’s entire issued and to-be-issued share capital in a cash deal structured as a scheme of arrangement under Part 26 of the Companies Act…
Gulf Marine Services loses tax appeal in Saudi Arabia, maintains EBITDA guidance
LONDON: Gulf Marine Services PLC said a Saudi court rejected its appeal of a $9.2 million tax assessment tied to transfer pricing disputes for the 2017-2019 fiscal years. The London-listed offshore energy support vessel operator disclosed the ruling in a regulatory filing Tuesday after Saudi Arabia’s Alternative Dispute Resolution Committee denied its latest settlement proposal….
AdvancedAdvT agreed to acquire HFX Limited for £5.3 million
LONDON: AdvancedAdvT Limited, the international software solutions provider for the business solutions, healthcare compliance, and human capital management sectors has agreed to acquire HFX Limited, the provider of a cloud based workforce management SaaS solution, for a total consideration of £5.3 million net of cash acquired of £0.6 million, of which £2 million is deferred…
Sureserve to acquire Kinovo PLC in £56.4 million deal
Recommended Final Cash Acquisition of Kinovo plc LONDON: Sureserve Compliance Holdings Limited, an indirect wholly-owned subsidiary of Sureserve Group Limited, has reached a final agreement to acquire Kinovo PLC in a cash deal valued at approximately £56.4 million. Under the terms of the acquisition, Kinovo shareholders will receive 87.5 pence per share in cash. The…
Gooch & Housego to acquire U.S.-based Global Photonics for $17.5 million
LONDON: Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, announces that it has agreed to acquire U.S.-based Global Photonics for a total consideration of $17.5 million. The acquisition is expected to be marginally earnings enhancing in the current financial year and increasingly earnings enhancing thereafter. This acquisition significantly extends…
GSK to acquire Boston Pharmaceuticals subsidiary in $2 billion deal
LONDON : GlaxoSmithKline (GSK) has agreed to acquire BP Asset IX, Inc., a subsidiary of Boston Pharmaceuticals, in a deal worth up to $2 billion to gain access to efimosfermin, a potential treatment for steatotic liver disease (SLD), the companies announced Wednesday. Under the terms of the agreement, GSK will pay $1.2 billion upfront, with…
Babylon Pump & Power to acquire Matrix Hydro Services
PERTH: Babylon Pump & Power Limited (ASX: BPP) announced Wednesday it has agreed to acquire Matrix Hydro Services Pty Ltd, a Western Australia-based specialist in aquifer testing and groundwater services, for an initial $2.5 million. The deal, which includes deferred payments tied to performance, aims to strengthen Babylon’s water management capabilities in the mining sector. …
Bass Oil Limited ,to Acquire ,Vanessa Gas Field, Australia’s growing energy market,
MELBOURNE: Bass Oil Limited (ASX:BAS) announced plans to acquire a 100% interest in the Vanessa gas field from Beach Energy Ltd., marking a strategic move to expand its gas production capabilities in Australia’s Cooper Basin. The company also launched a $3.1 million capital raise to fund the acquisition and growth initiatives. Key Details of the…
Responsive acquires Australia’s Bidhive to expand APAC presence
SAN FRANCISCO: Responsive, a global leader in AI-powered Strategic Response Management (SRM) software, announced Tuesday its acquisition of Bidhive, an Australian bid and proposal management platform. The deal strengthens Responsive’s foothold in the Asia-Pacific (APAC) region. Bidhive’s expertise in bid management complements Responsive’s AI-driven platform, enabling enterprises to handle requests for proposals (RFPs), tenders and…
Peugeot Invest joins investor consortium in $125 million BroadStreet Partners deal
PARIS: Peugeot Invest has announced a $125 million investment in BroadStreet Partners as part of a capital reorganization, joining a consortium led by Ethos Capital. Ontario Teachers’ Pension Plan, the majority shareholder for over a decade, will maintain a co-control position alongside the new investors. BroadStreet Partners, a leading insurance brokerage firm operating in the…
Henry Gosebruch appointed as Chief Executive Officer of Galapagos
MECHELEN: Galapagos NV (Euronext & NASDAQ: GLPG), a global biotechnology company focused on advancing cell therapies and transformative medicine, announced a strategic update Tuesday, including a re-evaluation of its previously planned corporate separation, a leadership transition, and changes to its Board of Directors. The company originally announced on Jan. 8 its intention to separate into…
Greencoat Renewables proposed secondary listing on the Johannesburg Stock Exchange
DUBLIN: Greencoat Renewables PLC, the renewable energy infrastructure company investing in European renewable energy generation assets, is in the process of applying for a secondary inward listing on the Alternative Exchange of the Johannesburg Stock Exchange (“JSE”) by way of an introduction. The Company has received strong interest in the listing from a number of…