LONDON, UK: NextEnergy Solar Fund (NESF) announced the acquisition of the UK based Camden solar photovoltaic (PV) portfolio comprising two projects totalling 100MWp for a total consideration of c.£64.3 million. The portfolio is made up of two assets: The Grange: 50MWp on a c.214-acre site, located in Yorkshire, UK; and South Lowfield: 50MWp on a…
Bunzl plc announces acquisitions in UK, Netherlands and Canada
LONDON: Bunzl plc has recently completed three further acquisitions each in UK, Netherlands and Canada, a news release said. In January the Company acquired Deliver Net, a healthcare distributor to care home groups in the UK, with 2020 revenue of £20 million. Deliver Net is closely aligned with Bunzl’s existing care home business in the…
Polar Capital Holdings acquires Dalton Capital
LONDON: Polar Capital Holdings has acquired Dalton Capital, the parent company of Dalton Strategic Partnership LLP, as all pre-conditions including approval from the Financial Conduct Authority (FCA) were satisfied. The initial consideration for the acquisition has been satisfied through £8.5 million in cash plus 7,482 new ordinary shares in Polar Capital. Further deferred cash consideration…
Energean Plc intends to offer $2.5 billion senior secured notes
LONDON: Energean Plc’s subsidiary Energean Israel Finance Ltd. intends to offer US$2.5 billion aggregate principal amount of four tranches of senior secured notes, which are expected to mature in 2024, 2026, 2028 and 2031. The net proceeds from the proposed offering of the Notes are expected to be used: · to repay outstanding indebtedness under…
COVID risk prediction algorithm achieves UK regulatory approval
OXFORD: Sensyne Health plc, the UK Clinical AI company, announced that its SYNE-COVTM machine learning algorithm for COVID risk prediction has achieved regulatory approval for use in the UK. SYNE-COV analyses over 60 variables in the patient electronic health record to generate a prediction of the likelihood of a COVID positive patient developing severe disease,…
FastForward Innovations invests in David Beckham’s Cellular Goods Plc
LONDON: FastForward Innovations Ltd has invested approximately £17,215 as part of a he/avily oversubscribed £13 million placing at a price of 5 pence undertaken by Cellular Goods Plc. Cellular Goods commenced trading on the London Stock Exchange on 26 February 2021 (LSE: CBX). Cellular Goods is a UK-based provider of premium consumer products based on…
Electrocomponents Plc acquires Liscombe for £11 million
LONDON: Electrocomponents Plc announced the acquisition of Liscombe, a leading specialist supplier of high-risk hand protection and PPE products to industrial blue-chip customers in the UK and the Netherlands. Together with Needlers, our recent PPE acquisition within the food manufacturing vertical, the two businesses will provide a full range offer and expertise across key sectors…
Panoply Holdings acquires Keep IT Simple (KITS) for £26 million
LONDON: The Panoply Holdings has acquired the entire issued and to be issued share capital of Keep IT Simple LTD (KITS), a provider of high value IT support and transformation services to public and private sector clients for £26 million. KITS has built a reputation in the public sector for transforming and running live and…
FRP Advisory Group acquires Spectrum Corporate Finance for upto £12.4 million
LONDON: FRP Advisory Group announced the acquisition of Spectrum Corporate Finance Limited, a leading Corporate Finance and Debt Advisory boutique to UK mid-market clients and their funders. The consideration comprises cash of £9.4 million plus a further payment contingent on the net assets at completion of up to circa £3 million. The five key selling…
Macfarlane Group acquires GWP Holdings for upto £15.1 million
LONDON: Macfarlane Group PLC announced the acquisition of GWP Holdings Limited the owner of GWP Group Limited, a protective packaging manufacturing and distribution business based in Wiltshire. The acquisition is in line with Macfarlane’s declared strategy of building its protective packaging business through a combination of organic and acquisitive growth. Macfarlane’s wholly-owned subsidiary, Macfarlane Group…
Instem plc acquires The Edge Software Consultancy for £8.5 million
LONDON: Instem plc, a leading provider of IT solutions, has acquired the entire issued share capital of The Edge Software Consultancy Ltd for a total consideration of up to £8.5 million, a news release said. The consideration will be satisfied by a combination of cash and new ordinary shares in the Company. The Edge Software…
Solid State plc acquires Active Silicon Limited for initial consideration of £6.3 million
LONDON: Solid State plc announced the acquisition of Active Silicon Limited and its subsidiaries for an initial consideration of £6.3 million, which, when adjusted for the cash on the balance sheet, results in an effective net initial consideration of approximately £2.7 million. Highlights of the Acquisition include: · Active Silicon is an industry leading expert…