LONDON, UK: Mercia Asset Management (AIM: MERC) announced the profitable sale of Intechnica Holdings Limited for a total enterprise value of £14.5 million, to US-based Crosslake Technologies LLC. Mercia held a 25.5% direct holding in Intechnica at the date of completion and will receive cash proceeds of £3.7million, generating an internal rate of return (IRR)…
Grafenia plc has acquired Care Management Systems for £3.5 million
LONDON, UK: Grafenia plc (AIM: GRA) has acquired the entire issued share capital of Care Management Systems Limited (CMS), a provider of care home management software and systems, based in Bristol, on a debt free/cash free basis. The total consideration of £3.5 million will be satisfied in cash. The acquisition is expected to be cash…
Archer Limited to acquire Baker Hughes’ coil tubing and pumping (CT&P) business
HAMILTON, BERMUDA: Archer Limited has signed a term sheet with Baker Hughes Limited to potentially acquire Baker Hughes’ coil tubing and pumping (CT&P) business in the United Kingdom. The coil tubing and pumping (CT&P) business fits well within Archer’s overall strategy to grow its drilling and well services in UK and to further grow the…
EFG Hermes plans to exit Pakistan and Jordan
EFG Hermes, exit Pakistan, brokerage and investment services, KARACHI, PAKISTAN: EFG Hermes, an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions, has decided to pursue exit options from two markets namely Pakistan and Jordan, and we are currently in advanced stages of agreeing an exit from…
Diageo Plc to acquire Don Papa Rum for upto €437.5 million
LONDON, UK: Diageo Plc has reached an agreement to acquire Don Papa Rum, a super-premium, dark rum from the Philippines. The upfront consideration is €260 million with a further potential consideration of up to €177.5 million through to 2028 subject to performance, reflecting the brand’s current growth potential. The super-premium plus segment of the rum…
CML Microsystems to acquire semiconductor company Microwave Technology (MwT) for $18mn
LONDON, UK: CML Microsystems Plc has entered into a definitive agreement to acquire Silicon Valley based semiconductor company Microwave Technology Inc. (MwT) for a total consideration of up to US$18 million. Microsystems Plc develops mixed-signal, RF, and microwave semiconductors for global communications markets. Founded in 1982, Microwave Technology Inc. (MwT) is a recognised leader in…
Joseph Pinto appointed next CEO of M&G Asset Management
LONDON, UK: M&G plc, the leading international saving and investment business, announced the appointment of Joseph Pinto as its next Chief Executive Officer of M&G Asset Management. The appointment is subject to regulatory approval. Joseph Pinto will have accountability for all investment capabilities including the equity, fixed income, multi asset, private and alternative asset strategies…
Aker Solutions wins Lapa South West Subsea Contract in Brazil
OSLO, NORWAY: Aker Solutions has been awarded with a sizeble contract by TotalEnergies to provide the subsea production system, tools and all related EPCI interfaces for the Lapa South West field Construction, in the pre-salt Santos Basin offshore Brazil. The development concept is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities…
Close the Loop acquires US recycling company In-Plas Recycling for $4.0mn
MELBOURNE, AUSTRALIA: Close the Loop Limited (ASX: CLG) has strengthened its position in the recycling market via the acquisition of US recycling company In-Plas Recycling. The acquisition expands both companies’ service offering in recycled plastics processing. Purchase price is $4.0 million (including up to US$500,000 of inventory) of which $3.0 million is payable at completion…
Diverger Limited acquires Priority Networking (PNET)
SYDNEY, AUSTRALIA: Diverger Limited has executed agreements to acquire a 100% equity interest in Priority Networking (PNET). The initial purchase consideration, funded by Diverger’s existing debt facility, is $2.25 million, with 80% ($1.80 million) settled on completion and the remaining 20% ($0.45 million) settled after 12 months subject to PNET achieving EBITA performance targets. In…
Douglas Thompson appointed CEO of Coronado Global Resources
SYDNEY, AUSTRALIA: Coronado Global Resources announced Douglas Thompson will become Chief Executive Officer in accordance with Coronado’s planned succession process. Gerry Spindler will retire from his role as Chief Executive Officer after the Company’s Annual General Meeting to be held on or about 25 May 2023. He will be appointed to the position of Executive…
How To Safeguard Your Money From A Rising Inflation
Are you concerned about rising inflation? If so, you’re not alone. Many people are worried about the impact of inflation on their finances. Fortunately, you can take steps to safeguard your money from inflation. This blog post will share tips on protecting your finances against a rise in prices. Keep reading to learn more. Buy…