LONDON, UK: Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, has acquired Angstrom Sports, a specialist provider of next generation sports modelling, forecasting and data analytics. As announced on 17 July 2023, the initial consideration of £81 million was payable on completion, with additional contingent payments totalling a maximum of…
AssetCo plc has acquired Ocean Dial Asset Management
LONDON, UK: AssetCo has completed the acquisition of the entire issued share capital of Ocean Dial Asset Management Limited from Avendus Capital Asset Management (UK) Limited. This follows confirmation of relevant clearances from the FCA and Indian regulators. The initial consideration has been satisfied by the delivery of 1,464,129 ordinary shares of £0.01 each in…
Sovereign and Network Homes merge to form Sovereign Network Group
LONDON, UK: Sovereign and Network Homes merged to form SNG (Sovereign Network Group). The proposed merger was announced on Monday 13 March 2023 and the final business case was approved by Sovereign and Network Homes’ respective boards on Thursday 7 September 2023. The organisation has over 82,000 homes, and over 210,000 customers across London, Hertfordshire,…
Macfarlane Group UK has acquired B&D 2010 Group for £3.85 million
LONDON, UK: Macfarlane announced the acquisition of B&D 2010 Group Limited, a specialist protective packaging business based in the South of England. This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging business through a combination of organic and acquisitive growth. B&D 2010 is a well-established business employing 15…
Yooma Europe sells Vitality CBD Limited to Psilobrain Therapeutics Inc.
LONDON, UK: Yooma Europe Limited has completed the sale of Birmingham-based Vitality CBD Limited, a UK-focused CBD company, for a total consideration of US$2.0 million to Psilobrain Therapeutics Inc. Psilobrain is a private Canadian biotech company that uses the latest in psychedelic medicine to design products that facilitate evidence-based healing & wellness. Further details regarding…
IPH Limited completes acquisition of Ridout & Maybee
SYDNEY, AUSTRALIA: IPH Limited (IPH) has completed the acquisition of Canadian IP services firm, Ridout & Maybee, as announced on 17 August 2023. The approximately CAD 65m (AUD 74.7m) purchase price for the acquisition was funded by: As part of the transaction, IPH has refinanced and extended debt facilities with financiers in Australia and Canada…
Catalyst Metals appoints David Jones as Non-Executive Chairman
SYDNEY, AUSTRALIA: Catalyst Metals Limited has appointed David Jones AM as Non-Executive Chairman. Mr Jones’ appointment comes after long serving Non-Executive Chairman, Steve Boston, stepped down in August this year. David has a background in working with high growth companies, mainly with unlisted businesses through his involvement in the private equity industry. David has been…
Monadelphous Group to acquire Melchor Contracting for an initial $10mn
SYDNEY, AUSTRALIA: Engineering company Monadelphous Group Limited (ASX:MND) has entered into an agreement to acquire Melchor Contracting, a Perth-based structural concrete and associated works business. Melchor Contracting offers a full structural concrete package capability, including detailed earthworks, formwork, reinforcement fixing and concrete placement in the resources, energy and infrastructure sectors. It currently employs around 300…
FDA signals intent to regulate lab developed tests
DUNEDIN, NZ: Cancer diagnostics company Pacific Edge (NZX, ASX: PEB) notes the U.S. Food and Drug Administration (FDA) has released for public comment proposed rule changes that seek to have Laboratory Developed Tests (LDTs) such as Cxbladder regulated as medical devices under the US Federal Food, Drug, and Cosmetic Act. The proposed changes, if finalized,…
Saudi Arabia to introduce Alipay+ for Asian tourists
Saudi Arabia is set to offer a new mobile payment and marketing solution for Asian tourists, as part of its efforts to boost its tourism sector and foster closer ties with China. The Saudi Tourism Authority and Ant Group, the parent company of Alipay, have signed a Memorandum of Understanding (MoU) to introduce Alipay+ to…
Uber celebrates 100,000 drivers and £5 billion economic value in the UK
Uber, the ride-hailing giant, has reached a milestone in the UK, with over 100,000 drivers on its platform and an estimated £5 billion in economic value generated by its activity. The company revealed the figures in a report by Public First, which analysed the impact of Uber on the UK’s transport system and economy. The…
Tesla launches updated Model Y in China with new wheel design
Tesla, the U.S. carmaker, announced on Sunday that it has launched a new version of its Model Y in China, with some minor modifications to the car’s exterior and interior. The car has a new wheel design, as shown by Tesla’s official WeChat account. The Model Y, which is Tesla’s most popular car worldwide, still…