LONDON: 3i Infrastructure plc has received a binding offer for its c.33% stake in Valorem, a leading independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors. Subject to acceptance of the binding offer, following consultation with Valorem’s employee representative bodies, company expects completion of…
Applied Nutrition confirms IPO on London Stock Exchange
LONDON: Applied Nutrition, now a public limited company as of 1 October 2024, has confirmed its plans for an initial public offering (IPO) and provided specific details about the offer. The company intends to list its shares in the equity shares (commercial companies) category of the official list of the Financial Conduct Authority (FCA) and…
FD Technologies to sell First Derivative Business to EPAM for £230 million
LONDON: FD Technologies (AIM: FDP.L) has entered into an agreement to sell the Group’s First Derivative Business to EPAM Systems Inc. for an enterprise value of £230m. The divestment is expected to complete in the fourth quarter of 2024, subject to shareholder approval, amongst other things. Seamus Keating, CEO of FD Technologies, said: “This Divestment…
Renew Holdings has acquired Full Circle Group B.V. for €60 million
LONDON: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, has acquired Full Circle Group Holding B.V., a specialist provider of repair, maintenance and monitoring services for onshore wind turbines in the UK and Europe for a total cash consideration of €60.0m (£50.5m), funded from the…
ARC Funds Limited acquires ausbiz Capital, a subsidiary of ausbiz Group
SYDNEY: ARC Funds Limited (ASX:ARC) has executed a binding agreement with ausbiz Group Pty Ltd to acquire a minority 30% equity interest in ausbiz Capital Pty Ltd, currently a 100% subsidiary of ausbiz Group. ausbiz Capital, part of ausbiz Group, is a new business established to offer high-quality financial products and services to ausbiz Group’s…
How Fintech Tools Are Changing Investor Behavior
Fintech has been reshaping the world of finance for a while, but the impact it’s had on investor behavior is undeniable. Not too long ago, managing investments was reserved for seasoned professionals, requiring a deep understanding of the market, lots of time, and a hefty amount of money. Now, thanks to the rise of fintech…
WOSG acquires Hodinkee, a leading digital editorial platform for luxury watch enthusiasts
LONDON: The Watches of Switzerland Group (WOSG) announced the acquisition of Hodinkee, the pre-eminent global digital editorial content provider and gateway for luxury watch enthusiasts. One of the Group’s stated Long Range Plan objectives is to leverage existing growth opportunities by growing sector leadership online, and this acquisition will further enhance the Group’s ability to capture market…
Good Energy acquires Amelio Solar for £5.5 million
LONDON: Good Energy Group PLC (AIM: GOOD), a leading renewable electricity supplier and innovator in clean energy services, has announced the acquisition of Amelio Enterprises Limited, known as Amelio Solar. Nigel Pocklington, CEO of Good Energy, commented: “Amelio Solar is a perfect fit for Good Energy as we continue to grow our clean energy service…
Schroder British Opportunities Trust makes private equity investment in Acturis Ltd
LONDON: Schroder British Opportunities Trust plc (SBO) confirmed a new private equity investment in Acturis Ltd, a leading SaaS provider for brokers, insurers, and managing general agents across the general insurance market. Acturis was founded in the UK in 2000 and has grown to support over 100,000 individual users in more than 40 countries. The…
Prospex Energy to expand operations into Poland
LONDON: Prospex Energy PLC (AIM: PXEN), the investment company focused on European gas and power projects, has qualified to apply for onshore open acreage hydrocarbon exploration licences in Poland. In March 2024, Prospex incorporated PXEN Tatra, a 100% owned subsidiary and on 21 May 2024 applied to the regulator in Warsaw for the pre-qualification to…
Sorted Group sells Returns business to ZigZag Global
LONDON: Sorted Group Holdings Plc (AIM: SORT), a prominent provider of delivery experience and post-purchase technology, has announced the sale of its “Returns” business, including all related intellectual property such as software, systems, and content assets. This business, which serves small to medium fashion apparel retailers, charities, and educational institutions, has been acquired by ZigZag Global…
Atrato Onsite Energy to sell entire portfolio of solar assets for £218.7 million
LONDON: The Board of Atrato Onsite Energy has entered into a conditional agreement for the sale of the entirety of its portfolio of solar assets to a joint venture vehicle owned by Brookfield and RAIM Apollo at a headline price of £218.7 million. Juliet Davenport, Chair of the Company, commented: “The Board was very pleased…