LONDON, UK: IG Group, a London-based financial services company, is taking steps to make its business more efficient and profitable. The company plans to cut about 300 jobs, or 10% of its staff, by the end of FY23. It also aims to save £50 million a year by using its global hubs more effectively and…
Zegona Communications to acquire Vodafone Spain for €5.0 billion
LONDON, UK: Vodafone Group Plc has entered into binding agreements with Zegona Communications plc in relation to the sale of 100% of Vodafone Holdings Europe, S.L.U. (Vodafone Spain). On completion, Vodafone’s consideration will comprise at least €4.1 billion in cash and up to €0.9 billion in the form of Redeemable Preference Shares (RPS) which redeem,…
IDEX Corporation to buy STC Material Solutions for $206 million
IDEX Corporation, a global leader in fluidics and metering technologies, has agreed to acquire STC Material Solutions, a maker of technical ceramics and hermetic sealing products, from Artemis for $206m. The deal will enhance IDEX’s material science capabilities and create synergies with its other critical components businesses. It will also support IDEX’s growth strategy of…
Treasury Wine Estates buys DAOU Vineyards for upto US$1.0 billion
SYDNEY, AUSTRALIA: Treasury Wine Estates Ltd (TWE), the Australian wine company behind brands such as Penfolds and Beringer, has announced a major deal to acquire DAOU Vineyards, a leading luxury wine producer in California, for US$900 million. The deal also includes an additional payment of up to US$100m if DAOU meets certain sales growth targets…
Enero Group sells CPR Communications and Public Relations to The Civic Partnership
SYDNEY, AUSTRALIA: Enero Group Limited (ASX: EGG) announced the sale of public affairs agency, CPR Communications and Public Relations (CPR) to The Civic Partnership, to further refine the Group’s portfolio of complementary brands and services across the globe. Brent Scrimshaw, Enero Group CEO, said: “The sale of CPR Communications will enable Enero to sharpen its…
Hybrid Cloud Solutions: Maximizing Flexibility with Cloud Services in Michigan
The cloud computing landscape is rapidly evolving in Michigan. Businesses across the state are embracing cloud services to increase efficiency, reduce costs, and improve productivity. However, many organizations are finding that a single public or private cloud solution does not fully meet their unique needs. This has led to growing interest in hybrid cloud solutions…
Bushveld Minerals acquires full ownership of Vametco Vanadium Mine
LONDON, UK: Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, has entered into a conditional agreement which will result in the Company increasing its ownership to 100% of the Vametco vanadium mine and production facility. Highlights Bushveld has entered into a definitive agreement to acquire the…
Oakley to acquire majority stake in Alerce, Spanish transport and logistics software solutions
LONDON, UK: Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO Pablo Pardo Garcia, who will retain a significant stake in the business, underscoring their continued commitment to the company’s success….
Frasers Group divests Missguided IP to SHEIN
LONDON, UK: Frasers Group has divested the IP of Missguided to SHEIN, in line with its disciplined approach to managing its portfolio of brands. Under the terms of the transaction, SHEIN will acquire the IP and trademarks of Missguided, whilst the Group will retain Missguided’s real estate and employees which have now been integrated into…
Premier Foods has acquired FUEL10K for upto £34 million
LONDON, UK: Premier Foods has acquired FUEL10K, a vibrant Breakfast brand, with a portfolio of granola, oats and drinks products, as the Group significantly expands its presence in the breakfast meal occasion. FUEL10K is a differentiated, protein enriched Breakfast brand. The acquisition substantially increases Group’s position in the breakfast category, building on success of Ambrosia…
Ascential plc to sell its Digital Commerce and Product Design businesses for £1.4 billion
LONDON, UK: Ascential plc has entered into agreements to sell its Digital Commerce business to Omnicom Group Inc., and its product design business (WGSN) to Wind UK Bidco 3 Limited, a newly-formed company established by funds advised by Apax Partners LLP for a combined enterprise value of £1.4 billion and cash proceeds of £1.2 billion….
CEO of Atlantic Sapphire steps down, Company names new COO
OSLO, NORWAY: The Board of Directors of Atlantic Sapphire ASA has received a request from Johan Andreassen, the CEO, to resign from his role. Mr. Andreassen will stay as an interim CEO until a new one is found. The Company will begin the search for a new CEO right away. Johan E. Andreassen said: “The…