SYDNEY: Northern Star Resources Ltd and De Grey Mining Ltd have agreed to merge in a deal valued at approximately $5 billion. Under this arrangement, Northern Star will acquire all shares of De Grey, including its flagship Hemi gold project in Western Australia. Hemi is one of the largest undeveloped gold projects globally, with significant…
Bigblu Broadband to sell Australian subsidiary, SkyMesh, for AUD 50.2 million
LONDON: Bigblu Broadband plc (AIM: BBB.L) has announced plans to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd, a new company set up by Salter Brothers Asset Management. The deal, known as the “Disposal,” is valued at up to AUD$50.20 million (£25.67 million). Deal Details – Initial Payment: 59.8% of…
Tavistock’s Strategic Shift: £22 million sale to Saltus and ABP acquisition
LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth. This sale marks the start of a new phase…
Pulsar Group has sold its shareholding in TrackRecord Holdings
LONDON: Pulsar Group Plc (AIM: PULS), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, has sold the majority of its 21% shareholding in TrackRecord Holdings Limited, the holding company of compliance management company Trailight, for a cash consideration of £1.4m. Pulsar now retains a 1% shareholding in TrackRecord Holdings…
K3 Business Technology Group announces sale of NexSys to SYSPRO for £36 million
LONDON: The Board of K3 Business Technology announced an agreement with SYSPRO, a global ERP software provider controlled by Advent, to sell K3’s subsidiary, NexSys, for £36 million. NexSys, a leading SYSPRO partner in the UK, has over 40 years of experience in providing business software solutions. Financial Details – NexSys generated £12.1m revenue and…
Supreme Plc has acquired Typhoo Tea Limited for £10.2 million
LONDON: Supreme Plc (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, has acquired trade and selected assets of Typhoo Tea Limited, a long-established and well-known British tea brand, for a total cash consideration of £10.2 million out of administration. The deal includes Typhoo Tea’s stock and trade debtors with a…
Cirrus Networks Holdings agrees to acquire Auckland based Plan B
SYDNEY: Atturra Limited (ASX: ATA), a leading technology services business in designing, implementing, and maintaining IT solutions, announced that its subsidiary, Cirrus Networks Holdings Pty Ltd, has exchanged a Share Sale Agreement (SSA) to acquire Plan B. Proceeds from the recent capital raise will be used to fund the purchase price for the acquisition. Auckland…
Baker Steel Resources announces sale of Nussir ASA shares to Blue Moon Metals
LONDON: Baker Steel Resources Trust Limited has announced that, along with the three other main shareholders, it has agreed to sell its shares in Nussir ASA to Blue Moon Metals Inc, a company listed on the TSX-V stock exchange. This sale represents 70.8% of Nussir’s issued share capital, valuing Nussir at $55.3 million. The transaction…
ABC Technologies offers to acquire TI Fluid Systems £1.039 billion
LONDON: ABC Technologies has reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of TI Fluid Systems at the rate of 200 pence in cash per share. The acquisition values TI Fluid Systems’ entire issued, and to be issued, ordinary…
Mitsubishi Electric invests in New Zealand startup Zenno Astronautics
Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Zenno Astronautics Ltd., a New Zealand-based startup specializing in superconducting technology for space applications. This marks the ninth investment by the fund. As satellites become smaller and more affordable, the number of satellite launches is rapidly increasing, heightening the importance…
GenusPlus Group acquires Geographe Tree Services for $7 million
SYDNEY: GenusPlus Group Ltd (ASX: GNP) has entered into a binding agreement to acquire 100% of the shares in Geographe Tree Services Pty Ltd (GTS) for total cash consideration of $7 million. The acquisition will be funded from internal cash reserves. GTS provides vegetation management services under a multi-year contract with a Tier 1 utility…
Macquarie Asset Management offers to acquire Renewi plc for 870 pence per share
LONDON: Renewi plc and Macquarie Asset Management have reached a preliminary agreement on the financial terms for Macquarie to acquire all shares of Renewi. Shareholders of Renewi will receive 870 pence per share in cash, which is a 57% premium over Renewi’s closing share price of 554 pence on November 27, 2024, and a 41% premium over…