PERTH: Spirit Telecom announced that it has completed the acquisition of VPD Group. The acquisition of VPD Group is Spirit’s most transformational transaction to date. This highly strategic move will see Spirit create a new wholesale business: Spirit Partners to focus on distributing its range of products via channel partners across Australia. The acquisition assists…
Chevron completes AU$425 million acquisition of Puma Energy Australia
SAN RAMON: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds a network of more than 360 company-owned…
Versarien awarded £5 million facility by Innovate UK Loans
LONDON, UK: Versarien plc, the advanced materials engineering group, announced that the Company has been awarded a legally binding £5 million loan facility by Innovate UK Loans Limited, a wholly owned subsidiary of UK Research and Innovation. Innovate UK has been running an extended pilot innovation loans programme over the past three years with £75…
IamFire appointment Marc Turlough Bamber to the Board
LONDON: IamFire Plc announced the appointment of Marc Turlough Bamber to the Board of Directors and as Non-Executive Chairman of IamFire plc with immediate effect. Mr Bamber is a Global Corporate Financier, with over 20-years’ experience in the Hedge Fund Sector, Capital Markets, Private & Institutional Investments; Investor Communications & Marketing. Marc was a core…
JTC Plc completes acquisition of SANNE private client business
LONDON: JTC Plc has announced the completion of its acquisition of the assets, contracts and employees of SANNE Group plc’s private client business based in Jersey. The acquisition expands JTC’s Private Client Services (PCS) presence in Jersey, one of its strongest performing PCS jurisdictions. Clients representing annualised ongoing revenues of £4.1m have transferred to JTC…
WANdisco wins major British supermarket contract
LONDON, UK: WANdisco, the LiveData company for machine learning and AI, announced that it has signed an initial deal worth up to $1m with a major British supermarket. In addition, there has been strong uptake for the Group’s Azure Cloud product, with 11 companies registered in the first month of public preview. With the completion…
Liontrust proposes to acquire Architas UK Investment Business for £75 million
LONDON: Liontrust Asset Management, the specialist independent fund management group, has entered into a conditional sale and purchase agreement with Architas Limited to purchase entire issued share capital of Architas Multi-Manager Limited (AMML) and Architas Advisory Services Limited (AASL), together, the Architas UK Investment Business for a total consideration of up to £75 million. The…
Benchmark Holdings sells FishVet to Pharmaq for £14.7 million
LONDON: Benchmark Holdings announced that it has completed the sale of its wholly owned subsidiary FVG Ltd. (FishVet) to Pharmaq, part of the global animal health company Zoetis, for a total cash consideration of £14.4 – £14.7 million. The sale comprises Benchmark’s veterinary and diagnostic services activities in the UK, Ireland, Norway and Chile. The…
Boku Inc.completes $41mn acquisition of Fortumo
LONDON: Boku Inc, a leading global mobile payment and mobile identity company, announced that it has successfully completed the acquisition the entire issued and to be issued share capital of Fortumo Holdings and its subsidiaries in a transaction valued at a maximum enterprise value of $41 million. The Acquisition is a significant step in Boku’s…
Babcock International appoints David Lockwood as new Chief Executive
LONDON: Babcock International Group, the aerospace and defence company, announced the appointment of David Lockwood as CEO, succeeding Archie Bethel, who earlier this year announced his intention to retire. David will join the Company and the Board on 17 August 2020 as CEO designate and will become CEO on 14 September 2020, at which point…
H&T Appoints Chris Gillespie as executive director
LONDON: H&T Group announced the appointment of Chris Gillespie as an executive director of H&T Group plc. This appointment is subject to the requisite regulatory approvals. Gillespie will join H&T in September having previously been managing director for the Consumer Credit Division of Provident Financial plc since August 2017. Prior to that he held senior…
Provident Financial appoints Hamish Paton as Managing Director of its Consumer Credit Division
LONDON: Provident Financial plc announced the appointment of Hamish Paton as Managing Director of its Consumer Credit Division (CCD), subject to regulatory approval. He will take over from Chris Gillespie, who is joining H&T Group plc, a FTSE listed pawnbroker, having held the role since August 2017. Hamish Paton has a strong consumer finance background…