LONDON: Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, L.P. for an equity value of up to £200 million. Mike Biggs, Close Brothers’ Chairman, commented: “Following a comprehensive strategic review, the Board is pleased to announce the agreed sale of…
Creo Medical Group announces sale of Creo Europe to Micro-Tech for €72 million
LONDON: Creo Medical Group plc (AIM: CREO) has entered into a binding agreement with Micro-Tech (NL) International B.V., a subsidiary of Micro-Tech (Nanjing) Co. Ltd. The agreement involves the sale of 51% of the issued share capital of Creo Medical S.L.U. (Creo Europe) at an equity value of €72 million on a cash-free, debt-free basis….
AFC Energy launches Hyamtec Limited, the ammonia cracking business
LONDON: AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announced the launch of Hyamtec Limited, a wholly owned subsidiary of AFC Energy. Hyamtec has been established to commercialise the Company’s next-generation distributed ammonia cracking business. The Technology Hyamtec’s cracker technology has successfully demonstrated its flexibility to integrate with both ammonia combustion…
L&G to sell UK house builder CALA Group for an enterprise value of £1.35bn
LONDON: Legal & General Group (L&G) has agreed the sale of the UK house builder CALA Group for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The transaction is expected to complete in Q4 2024. The consideration for the sale will…
Mpac Group to acquire Boston Conveyor & Automation Inc. for $17 million
LONDON: Mpac Group plc, a global leader in high-speed packaging and automation solutions, has entered into an agreement with Jim Laverdiere to acquire the entire issued share capital of Boston Conveyor & Automation Inc. (BCA), a US-based supplier of robotic automation and conveyor solutions to the food, life sciences and general industry sectors. The aggregate…
Platinum Equity and Butterfly jointly acquired Rise Baking Company
LOS ANGELES: Global investment firm Platinum Equity and Los Angeles-based private equity firm Butterfly specializing in the food sector, today announced the acquisition of Rise Baking Company. Platinum Equity and Butterfly will be equal partners in the investment. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q4 2024….
BlackDice and Bin Omran Trading and Telecommunication form partnership to enhance Qatar’s digital security landscape
DOHA: BlackDice, a leading provider of advanced cybersecurity solutions, and Bin Omran Trading and Telecommunication – a prominent Qatari Telecom and IT infrastructure company – announced a strategic partnership aimed at enhancing Qatar’s digital security landscape. This collaboration is in alignment with Qatar’s ambitious ‘Digital Agenda 2030’ (‘DA2030’), which underscores the importance of robust cybersecurity…
Wildcat Petroleum partners with Nile Petroleum to acquire Petronas Sudan
LONDON: Wildcat Petroleum Plc has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation, the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad, in the Republic of South Sudan. On 7 August 2024,…
Europa Metals to acquire Viridian Metals
LONDON: Europa Metals Ltd has signed a conditional term sheet regarding the proposed acquisition of Viridian Metals Ireland Limited and its 100 % owned Tynagh brownfield Pb/Zn/Cu/Ag project in the Republic of Ireland. The proposed transaction, if completed, would constitute a reverse takeover under the AIM Rules and accordingly the company would need to apply…
Playtech sells Snaitech to Flutter Entertainment at enterprise value of €2.3 billion
LONDON: Playtech plc has entered into a definitive agreement for the sale of Snaitech S.p.A. and certain of its subsidiaries to Flutter Entertainment Holdings Ireland Limited for a total enterprise value of €2.3 billion in cash. Snaitech is one of the leading Italian B2C sports betting and gaming companies in online and retail, and employs…
Xero Limited is acquiring Syft Analytics for $70 million
WELLINGTON: Xero Limited (ASX: XRO) is acquiring Syft Analytics, a leading global cloud-based reporting, insights and analytics platform for accountants, bookkeepers and small businesses. The acquisition will accelerate Xero’s insights, advanced reporting and analytics offerings for customers in Australia, the UK, the US and its other markets globally. Xero plans to embed Syft’s functionality within…
Gearset has acquired Clayton, a cutting-edge code analysis platform
CAMBRIDGE: Gearset, the leader in Salesforce DevOps solutions, has acquired Clayton, a cutting-edge code analysis platform designed specifically for Salesforce. The strategic acquisition is Gearset’s first, following years of rapid growth fueled by a $55 million growth investment from Silversmith Capital Partners. In that time, Gearset has launched several products and upgrades, and reached the milestone…