LONDON: Two of Britain’s only dedicated U.S. smaller-companies investment trusts have agreed to combine, with the activist hedge fund Saba Capital Management backing the deal and agreeing to cash out of its stake. JPMorgan US Smaller Companies Investment Trust plc,…
LONDON: Likewise Group PLC, a British floor coverings distributor, said Wednesday it has bought a range of assets from Headlam Group PLC and HFD Ltd., both in administration, for 14.9 million pounds in cash, plus value-added tax. The deal makes…
LONDON: IMI plc has agreed to acquire iSMA CONTROLLI S.p.A. from its current shareholders, including B.group and members of the management team. iSMA CONTROLLI, a leading provider of intelligent building automation systems, will become part of IMI’s Climate Control sector,…
LONDON: CEPS Plc said Tuesday that a majority-owned subsidiary has acquired Primary Teaching Services Limited, an East Yorkshire supplier of reward products for primary schools, in a deal worth up to £4.59 million. The subsidiary, Aford Awards Group Holdings Limited,…
Abenójar Tungsten aims to raise funds for El Moto mine, which it says could meet up to 20% of European demand LONDON: Abenójar Tungsten, S.A., the developer of one of the world’s largest undeveloped tungsten projects, announced Tuesday that it…
SAN FRANCISCO: Multiply Labs, a company that builds robotics for drug manufacturing, said it has raised $75 million in Series B funding, bringing its total capital raised to more than $100 million since it was founded in 2016. The round…
Bank says elevated prices are needed to keep recovering demand from overwhelming constrained refineries Diesel prices may need to stay high through 2027 as refinery constraints collide with recovering consumption and with governments and companies rebuilding depleted inventories, according to…
LONDON: Nettle Limited, a startup that makes artificial intelligence software for commercial insurers, has raised $4.8 million in an oversubscribed seed funding round, bringing its total funding to $6.8 million, a statement noted. The round was led by MTech. Existing…
LONDON: Informa PLC announced plans Tuesday to separate its academic publishing business, Taylor & Francis, and acquire B2B events company Clarion in a £2.24 billion ($2.98 billion) deal, as the British group sharpens its focus on its core live events…
LONDON: KKR, a leading global investment firm, today announced the agreement to acquire Gen II Fund Services, LLC (“Gen II”), a global leader in private capital fund administration, for a total enterprise value of $5.1 billion. KKR is acquiring Gen…
PARIS: BPCE has acquired a stake equivalent to approximately 7% of the share capital of Banco de Sabadell, S.A. (“Sabadell”) through market purchases and financial instruments. The companies did not disclose the value of the transaction. At current market prices,…
LONDON: Focus Xplore PLC, a minerals exploration and development company, announced that it has signed a sales and purchase agreement to acquire five gold exploration properties in Canada for approximately £296,000. The company said it will acquire the entire issued…