LONDON: Ultimate Sports Group has announced the appointment of Matthew Farnum-Schneider as Chief Executive Officer (CEO) with effect from 1 August 2019. Matthew Farnum-Schneider is an experienced senior executive, having most recently been a Managing Director and Senior Adviser to the CEO at Credit Suisse between 2015-2019, prior to which he was Managing Director at…
LONDON: appScatter Group, the app management and data intelligence platform, acknowledges that Airpush, Inc. a technology company specialising in app monetisation, has announced a partnership with Andromo B.V., the mobile app building platform for Android. appScatter announced its intention to acquire Airpush on 19 April 2019. Andromo is a premium app building platform where users…
TOKYO: Aozora Bank Ltd., a leading Japanese commercial bank, announced its financial results for the first three months of FY 2019. In the first three months of FY2019, Aozora reported consolidated net revenue of 23.3 billion yen, business profit of 11 billion yen, and profit attributable to owners of parent of 11.8 billion yen, representing…
LONDON: Georgia Capital PLC has signed a share purchase agreement to acquire an 80% equity interest in Green School LLC. The transaction values Green School at 5.8x EV/EBITDA 2020 based on initial consideration payable by Georgia Capital upon transaction completion. An additional earn-out may apply if the existing school campus annual earnings reach GEL 2…
DUBAI, UAE: ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a SAR 300 million Long Term Loan Facility from National Commercial Bank (NCB), a leading Saudi-based financial institution. The Facility has been secured against ADES 13 & 14 (the…
DUBLIN: Uniphar plc has announced the successful completion of the acquisition of Durbin plc and Durbin Inc, a specialist provider of pharmaceuticals with offices in the UK and the US supplying over 160 countries. Durbin will be integrated into Uniphar’s Product Access division, providing the Group with the opportunity to become a leading player in…
LONDON: GlaxoSmithKline (GSK) has completed its transaction with Pfizer to combine their consumer healthcare businesses into a world-leading Joint Venture (JV). GSK has a controlling equity interest of 68% and Pfizer has an equity interest of 32% in the Joint Venture. Joint Venture brings together two highly complementary portfolios of trusted consumer health brands, including…
LONDON: Bidstack Group has acquired the entire issued share capital of Minimised Media Limited, which trades under the name ‘Pubguard’. Bidstack is an in-game advertising group. The consideration for the transaction of £300,000 will be entirely satisfied by the issue and allotment of 869,565 Bidstack ordinary shares credited as fully paid at a price of…
LONDON: CentralNic Group has received the funds from its recent bond raise and, further to the announcement released on 20 May 2019, the acquisition of TPP Wholesale Group is now complete. Headline consideration for the acquisition was AUD $24 million. The acquisition of Hexonet Group, announced on 1 July 2019, is also expected to complete…
LONDON: Royal Dutch Shell has announced the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
LONDON: London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately US$27 billion. Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment…
LONDON: Vodafone Group has completed the acquisition of Liberty Global’s operations in Germany and the Czech Republic, Hungary, and Romania (CEE) for a total enterprise value of €18.4 billion. Vodafone now becomes Europe’s leading converged operator with 54 million cable and fibre households ‘on-net’ and a total next-generation network reach of 124 million homes and…