LONDON, UK: Capita plc has agreed to sell its 75% stake in Fera Science Limited to Bridgepoint Group plc, for an enterprise value of £60m on a cash-free, debt-free basis. The deal values the total joint venture at £80m and represents a 10.8x multiple on a 2022 standalone EBITDA of £7.4m. The sale of Capita’s…
Spectra Systems to acquire Cartor Holdings for a maximum consideration of £10.5 million
LONDON, UK: Spectra Systems Corporation has entered into a conditional agreement to acquire Cartor Holdings Limited, a leader in the security printing industry, for a maximum consideration of £10.5 million. Cartor Holdings, through its three wholly-owned subsidiary companies, operates from two manufacturing sites in the UK and France, supplying postage stamps to over 180 administrations…
EnergyPathways to go public on AIM after acquiring Dial Square
LONDON, UK: EnergyPathways, an integrated energy transition company, has announced its intention to go public on the London Stock Exchange’s AIM market, following a reverse takeover of Dial Square, a special purpose acquisition vehicle. The company plans to raise a minimum of £2 million by way of a private placement to complete the deal and…
Oxford Biomedica signs deal to acquire of ABL Europe for €15 million
OXFORD, UK: Oxford Biomedica plc has entered into a sale and purchase agreement with TSGH SAS, a subsidiary of Institut Mérieux SA, for the acquisition of ABL Europe SAS. Acquisition of ABL Europe by Oxford Biomedica for a consideration of €15 million (including the value of €10 million of pre-completion cash funding from Institut Mérieux…
Empire Energy buys gas plant from AGL for $2.5 million
SYDNEY, AUSTRALIA: Empire Energy Group Limited (ASX: EEG) has announced the acquisition of the Rosalind Park Gas Plant (RPGP) from AGL Limited (ASX: AGL) for $2.5 million in cash. The RPGP is a gas processing facility that can handle up to 42 TJ / day of natural gas from the Beetaloo Sub-basin in the Northern…
Finexia Financial to acquire equities stockbroking business of Everblu Capital
SYDNEY, AUSTRALIA: Finexia Financial Group has entered into a business purchase agreement to acquire the equities stockbroking and trading team from Everblu Capital. The acquisition is very complementary to the company’s existing Sydney based braking (securities dealing) business, bringing with it operational cost savings, increased scale in terms of revenue and active clients, along with…
Jindalee Lithium hires Ian Roger as new CEO
SYDNEY, AUSTRALIA: Jindalee Lithium Limited (Jindalee, the Company), a company focused on exploring and developing lithium projects, has announced the appointment of Ian Rodger as its new Chief Executive Officer (CEO). Mr Rodger will take over the role in mid-January 2024, succeeding Mr Lindsay Dudfield, who will retire as Interim CEO and stay on the…
Rio Tinto to build solar farm and battery storage for Amrun bauxite mine
Rio Tinto has announced plans to construct a 12.4MW solar farm and an 8.8MVa/2.1MWh battery storage system to power its Amrun bauxite mine near Weipa in Queensland. The project, which will be built and operated by Aggreko, is expected to reduce the mine’s diesel consumption by 37 percent and its CO2 emissions by 14,000 tonnes…
Rockstar to reveal GTA 6 trailer on 5 December, 2023
Fans of the Grand Theft Auto series are eagerly awaiting the first glimpse of the next instalment, which will be shown in a trailer on 5 December at 1400 GMT, according to Rockstar Games. The game developer announced the news on X, where its post has already received 26 million views in less than two…
How Credit Card Companies Make Money
Have you ever wondered how credit card companies thrive in a world that seems to run on electronic payments? The answer might feel as elusive as trying to understand why a chameleon changes its colors. And just like the chameleon, the credit card industry is skilled at adapting and profiting in its ever-evolving environment. In…
Winter Holidays and Managing Your Budget
Winter holidays are a magical time filled with joy and happiness, especially for the young ones. However, with so many events, gifts, and decorations, your attention might switch from festivities to your financial plan. Luckily, you can use a few practical tips and tricks to enjoy the holidays to the fullest while still making responsible…
Insigneo acquires PNC’s Latin American business and expands in Mexico
Insigneo, a leading international wealth management firm, has announced the successful completion of the acquisition of the Latin American consumer brokerage and advisory accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank. The deal, which was first revealed on August 22, 2023, will allow Insigneo to grow its Mexican client base and establish…