LONDON, UK: Drumz plc has conditionally agreed terms to acquire Acuity Risk Management Limited (ARM), a supplier of Governance, Risk, Compliance (GRC) software and services. Drumz Plc currently owns 25 per cent of the issued share capital of ARM and it is proposing to acquire the balance of the issued and to be issued share…
TORIDOLL’s subsidiary Great Sea Kitchens to acquire Fulham Shore for £93.4 million
LONDON, UK: Great Sea Kitchens Limited, a newly-incorporated company established on behalf of TORIDOLL Holdings Corporation, has made an all cash offer to acquire the entire issued and to be issued share capital of Fulham Shore for 14.15 pence in cash for each Fulham share valuing the company at approximately £93.4 million on a fully…
HICL to acquire minority interest in French fibre-to-the-home platform, Altitude Infra
LONDON, UK: HICL Infrastructure Plc has entered into an agreement to acquire a minority equity position in Altitude’s fibre-to-the-home platform (Altitude Infra), investing alongside other InfraRed-managed funds and co-investors which, together with HICL, will own 15.1% of Altitude Infra. Altitude Infra holds a controlling position in the largest independent wholesale fibre network in France, Altitude…
Entain Plc acquires 365scores for upto $160 million
LONDON, UK: Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, has acquired the entire issued share capital of 365scores, a world leading sports media business, for a consideration of $150 million and contingent payments totalling up to $10 million. 365scores is one of the world’s leading scores and sports media…
Intelligent Monitoring Group has agreed to acquire the customer base of Bellrock
SYDNEY, AUSTRALIA: Intelligent Monitoring Group (IMG) has agreed to acquire the customer base of Bellrock, a long-standing respected security operator which entered Voluntary Administration in Dec 2022. This is expected to add more than $1.4 million of annualized sales to IMG, subject to any customer attrition, and more than $300,000 of annualized EBITDA when integrated….
Acrow Formwork and Construction acquires Heinrich Plant Hire assets for $11.5mn
SYDNEY, AUSTRALIA: Acrow Formwork and Construction Services Limited has acquired the screen assets from Heinrich Plant Hire, including the intellectual property and existing and secured hire contracts. The purchase price of $11.5 million will be funded by a combination of cash at bank and debt. Acrow Formwork and Construction Services anticipates that the return on…
Middle Island Resources appoints Roland Bartsch as Chief Executive Officer
SYDNEY, AUSTRALIA: Middle Island Resources Limited (ASX:MDI) announced the appointment of Mr Roland Bartsch as Chief Executive Officer (CEO) effective 1 April 2023. Roland Bartsch is a geologist with 35 years’ experience in exploration and operations. He most recently was Vice President and Country Manager Australia for Copper Mountain Mining Pty Ltd where he managed…
Anglo American partners with H2 Green Steel to advance low carbon steelmaking
LONDON, UK: Anglo American has signed a memorandum of understanding with H2 Green Steel, the Swedish hydrogen and steel producer, to work together on the advancement of low carbon steelmaking processes. The agreement includes studying and trialling the use of premium quality iron ore products from Anglo American’s Kumba mines in South Africa and Minas-Rio…
Mutares to proceed with the acquisition of Walor International
LONDON, UK: Mutares SE & Co. KGaA has received the agreement from the creditors of Walor International to proceed with the acquisition of Walor International according to the communicated term sheet. While this represents another important milestone towards a potential transaction, its successful realisation is still dependent on receiving the opinion of all of the…
ACCC seeks further views on ANZ Banking Group’s proposed acquisition of Suncorp Bank
LONDON, UK: The ACCC has released a statement of preliminary views on ANZ Banking Group’s (ASX:ANZ) proposed acquisition of Suncorp Group’s (ASX:SUN) banking arm. The ACCC’s review so far has been focused on home loans and retail deposits, agribusiness banking and small and medium sized enterprise banking, as these are the areas where interested parties…
Royal London to acquire Aegon UK’s individual protection business
LONDON, UK: The Royal London Mutual Insurance Society Limited (Royal London), the UK’s largest life, pensions, and investment mutual has reached an agreement with Aegon UK to acquire its individual protection line of business, subject to court approval. As a result of the acquisition, the life insurance, critical illness and income protection policies for over…
Aukett Swanke sells TFG’s non-core Live Events business
LONDON, UK: Board of Aukett Swanke Group announced the disposal of the non-core Live Events business acquired as part of the recently completed acquisition of Torpedo Factory Group (TFG). Under the terms of an asset purchase agreement, Conferencecast Limited, a company established for the purpose by the division’s principal manager has acquired the business and…