DUBAI: Emirates has been recognised as the Best Airline for 2020 at The Sun Travel Awards, and the Best Long-Haul Airline at The Times and The Sunday Times Travel Awards. Following an unprecedented year for travel, hundreds of thousands of votes were cast by readers looking to celebrate the best in the industry. Emirates’ range…
Connells completes due diligence, confirms off for acquisition of Countrywide plc
LONDON: The board of Connells Limited has completed its due diligence in relation to Countrywide plc and re-confirmed its proposal to acquire Countrywide at a price of 250 pence per Countrywide share, translating into an enterprise value of £172.3 million. The making of any firm offer in accordance with Rule 2.7 of the Code is…
Advanced Medical Solutions buys Raleigh Adhesive Coatings for £22 million
WINSFORD: Advanced Medical Solutions Group plc as acquired Raleigh Adhesive Coatings Limited, an independent woundcare and bio-diagnostics coatings business for £22 million in cash. The Acquisition will strengthen AMS’s position in the woundcare sector by bringing in-house specialist services of acrylic and silicone coating, perforation processing and some bulk materials converting capabilities which are currently…
Uniphar’s acquisition of Hickey’s Pharmacy Group approved by the CCPC
DUBLIN: Uniphar plc announced the approval by the Competition and Consumer Protection Commission (CCPC) of the acquisition of Hickey’s Pharmacy Group previously disclosed on 2 September. The acquisition is earnings accretive from completion and will be further enhanced through leveraging Uniphar’s existing infrastructure and scale to unlock additional synergies. As previously guided, this is expected…
Inspired Energy receives London Stock Exchange’s Green Economy Mark
LONDON: Inspired Energy has received London Stock Exchange‘s Green Economy Mark in recognition of its environmental and strategic advice, service and support to customers. The Green Economy Mark allows greater visibility for investors interested in green economy activities and recognises those companies that are contributing to a greener and more sustainable economy. London Stock Exchange…
Harworth Group acquires Saturn Park in Merseyside for £26 million
LONDON: Harworth Group plc has acquired off-market Saturn Park in Knowsley, Merseyside, for £26 million plus acquisition costs, a news release said. The acquisition is in line with Harworth’s strategy to grow its predominantly industrial investment portfolio through the acquisition of high yielding properties with inherent value and growth potential. Situated on a 35.2 acre…
Concepta acquires home-use genetic testing company, Genome Store
LONDON: Concepta PLC announced the acquisition of 100% of the outstanding share capital of The Genome Store Ltd, a provider of home-administered postal genomic test services, for an initial consideration of £0.28m payable in shares, and a deferred consideration of up to £0.24m payable in shares and linked to performance milestones. The deferred consideration is…
Verona Pharma signs $30 million debt financing with Silicon Valley Bank
LONDON: Verona Pharma plc has entered into a debt financing facility for up to $30 million with Silicon Valley Bank (SVB), a news release said. The non-dilutive capital provides further financial flexibility to support pre-commercialization activities for ensifentrine, the Company’s first-in-class product candidate, which is currently in Phase 3 trials. Under the terms of the…
Greencoat UK Wind announces investment in Humber Gateway offshore wind farm
LONDON, UK: Greencoat UK Wind PLC has agreed to acquire a 49% stake in the Humber Gateway offshore wind farm from RWE, in partnership with a number of pension funds investing through a fund also managed by Greencoat Capital. UKW will acquire a net 38% stake in the wind farm for a consideration of £500m…
Kingswood Holdings Limited acquires Manhattan Harbor Capital
LONDON: Kingswood Holdings Limited announced the completion of the formal contribution of its US investments Chalice Capital Partners and Chalice Wealth Advisors into Manhattan Harbor Capital (MHC) at a value of $4 million for additional equity, which combined with an additional cash equity investment of $1.1 million increases Kingswood’s interest in MHC to a majority…
Tritax Big Box REIT prices £250 million of unsecured green bonds
LONDON: Tritax Big Box REIT plc has today priced £250 million of unsecured green bonds maturing on 27 November 2033 (2033 Notes) under the Company’s £1.5 billion Euro Medium Term Note Programme. This follows a series of fixed income investor meetings which generated substantial institutional demand. The 2033 Notes will have a tenor of 13…
Healius completes sale of its Medical Centres business
SYDNEY: Healius Limited announced the successful completion of the sale of its Medical Centres business, called Healius Primary Care, to funds managed by BGH Capital. Healius has received cash proceeds of $483 million, which represent $500 million enterprise value adjusted for future earn-outs to be funded by BGH Capital, movements in working capital and separation…