LONDON, UK: Valereum Blockchain, the Gibraltar technology group, has signed an agreement to acquire the entire issued share capital of the Juno Group of Companies. The consideration for the purchase of Juno is £850,000. £500,000 to be paid in cash on completion and £350,000 payable in Valereum shares at the prevailing share price on the…
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Intertrust N.V. and TMF Group B.V. evaluate merger
Intertrust N.V. and CVC Capital Partners are contemplating a strategic combination of Intertrust and TMF Group B.V., a leading multinational professional services business.
Sdiptech acquires 85% shares in Certus for EUR 40.75 million
STOCKHOLM, SWEDEN: Sdiptech AB has acquired 85 percent of the shares in Certus Technologies Holding B.V. and associated group companies. At day of transaction, Certus is valued at EUR 45.00 million, on a cash and debt-free basis, of which EUR 34.75 million is paid on the closing date and financed with own funds and existing…
Apex Group to buy Sanne Group for £1.51 billion
LONDON, UK: Apex Group has made an offer to acquire all shares of Sanne Group plc at the rate of 920 pence/share, which values Sanne Group’s entire share capital at approximately £1.51 billion. “The boards of directors of Sanne Group plc and Apex Acquisition Company Limited have reached agreement on the terms and conditions of…
IBI Group expands Travel-IQ portfolio with multiple contract wins
TORONTO: IBI Group has recently been awarded a statewide contract in Georgia for up to five years, as well as a contract in Suffolk, Virginia, to implement its traveller information system, Travel-IQ. IBI also adds a five-year contract with Canadian Territory, Yukon, to its extensive North American portfolio. These multi-year, Software-as-a-Service (SaaS) wins add to…
Raymond James agrees to acquire Charles Stanley Group for £278.9 million
LONDON, UK: Raymond James UK Wealth Management Holdings Limited (Bidco) has agreed to buy entire issued and to be issued share capital of Charles Stanley Group at 515 pence in cash for each Charles Stanley share translating into £278.9 million. The acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part…
Kanabo Group signs term sheet to acquire Materia’s European businesses
LONDON, UK: Kanabo Group Plc signed a non-binding term sheet with 11157353 Canada Corp, which trades under the name of Materia, to acquire Materia’s European businesses, a news release said. The acquisition is to be fully satisfied through the issue of Kanabo shares. As part of the Proposed Transaction, Kanabo will also make a loan…
STM Group sells Jersey business for £1.40 million
LONDON: STM Group Plc (LON: STM) announced the unconditional sale of its Jersey based trust and company services businesses (STM Jersey) for a minimum net cash consideration of £1.40 million. The sale completes the Company’s strategy to exit the CTS sector, and focus on its core activities of pension administration and life assurance. The sale…
STM Group sells Gibraltar based trust and company services business for £2.45 million
LONDON: STM Group, the multi-jurisdictional financial services group, announced the unconditional sale of its Gibraltar based trust and company services business and its tax compliance business for consideration of £2.45 million plus net assets upon completion of approximately £0.57 million. The sale complements the Company’s strategy to focus on its core activities of pension administration…
Anglo Pacific Group announces $205m Voisey’s Bay Cobalt Stream acquisition
LONDON: Anglo Pacific Group has agreed to acquire a holding company that, in turn, holds a 70% net interest in a stream on cobalt production from the Voisey’s Bay mine in Canada from private equity sellers for cash consideration of US$205 million at closing and further contingent consideration of up to US$27 million. This is…
AM Best affirms Ratings of Mercury Insurance Group on strong balance sheet, operating performance
OLDWICK: AM Best has affirmed credit ratings of Mercury Casualty Group’s members and Mercury General Corporation based on strong balance sheet, operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of…
American International Group Inc. (AIG)
American International Group Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of January 1, 2019, AIG companies employed 49,600 people. The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes…