LONDON: The Board of Directors of Thruvision Group plc (AIM: THRU), the leading international provider of walk-through security technology, announced the appointment of Victoria Balchin, currently Chief Financial Officer, as Chief Executive Officer with effect from 2 January 2025. Following the departure of Colin Evans in October 2024, working closely with Executive Chairman Tom Black,…
Safestore to acquire Easybox, Italy’s second largest self-storage operator
LONDON: Safestore, one of the UK’s largest self-storage groups, has entered into a 50/50 joint venture with Nuveen Real Estate to acquire Easybox, Italy’s second largest self-storage operator by number of stores, for €175m. Safestore will initially invest c. €45 million for its 50% share in the joint venture which has also been funded by joint…
China Mobile and Telecom Egypt forge strategic partnership
HONG KONG: China Mobile International (CMI) and Telecom Egypt have announced a strategic commercial agreement signed by Mr. Wang Hua, Chairman and Chief Executive Officer of CMI, and Mr. Mohamed Nasr, Managing Director and Chief Executive Officer of Telecom Egypt. This landmark commercial agreement capitalizes on both companies’ investments in subsea cable infrastructure and resource…
FTV VIII offers to acquire Windward Ltd for £216 million
LONDON: FTV VIII, L.P., through Octopus UK Bidco Limited, reached agreement on the terms of a recommended cash acquisition of Windward Ltd. Under the terms of the acquisition, Windward shareholders will be entitled to receive 215 pence per Windward share in cash. The acquisition values the entire issued and to be issued ordinary share capital…
Chesnara plc announces acquisition deal with Canada Life Limited
LONDON: Chesnara plc, a leading European life and pensions consolidator, has struck a significant deal with Canada Life Limited to acquire a closed portfolio comprising unit-linked bonds and legacy pension business, encompassing approximately 17,000 policies and total assets under management of £1.5 billion as of 31 December 2023. The agreement will see these policies transferred…
Aviva agrees to acquire Direct Line Insurance Group in a £3.7 billion deal
LONDON: Aviva Plc has announced that it has reached an agreement on the terms of a recommended cash and share offer for Direct Line Insurance Group. The acquisition deal outlines that for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend…
Telstra announces agreement to sell its Foxtel shareholding
SYDNEY: Following a strategic and financial review of Foxtel initiated by News Corp, Telstra today announced an agreement to divest its 35 per cent shareholding in Foxtel to DAZN alongside the divestment of News Corp’s 65 per cent shareholding announced this morning. Telstra will receive $128 million in cash for repayment of shareholder loans and…
Banco Santander sells 30.5% stake in CACEIS to Crédit Agricole S.A.
Banco Santander has entered into an agreement to sell its 30.5% stake in CACEIS to Crédit Agricole S.A. The transaction will enable Crédit Agricole S.A. to gain full control of CACEIS, a prominent entity in the depositary, custody, and related asset servicing business. This deal aligns with Santander’s strategy to proactively allocate capital and create shareholder…
The Citation Group welcomes HarbourVest Partners as new investor
LONDON: The Citation Group, a global provider of tech-enabled compliance and certification solutions for small to medium-sized enterprises (SMEs), announced today that HarbourVest Partners, a global private markets investment manager, has joined as a new investor. This investment will see HarbourVest collaborate with Citation’s management team and current majority investors, KKR and Hg, to support…
Henry Boot acquires full ownership of Stonebridge Homes
SHEFFIELD: Henry Boot has announced the acquisition of the remaining 50% share of Stonebridge Homes Group Ltd, making it the sole owner of the premium regional housebuilder. This move allows Henry Boot to fully control a high-growth business in the UK residential market. The acquisition will be completed in three phases over the next five…
Surgical Science Sweden offers to acquire Intelligent Ultrasound Group for £45.2 million
LONDON: Surgical Science Sweden AB has reached agreement on the terms of a recommended cash acquisition of Intelligent Ultrasound Group by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, Intelligent Ultrasound shareholders shall be entitled to receive 13 pence in cash for each share held. The acquisition price values the…
ADMS: Everything You Need to Know
The Advanced Distribution Management System (ADMS) is a critical component in modern power distribution networks, providing utilities with the necessary tools to monitor, control, and optimise their operations. As the complexity of electrical grids increases due to the integration of renewable energy sources, smart meters, and advanced electrical equipment, ADMS becomes indispensable. This blog will…