LONDON: AIB Group plc (AIB) today announced that it has reached agreement on the sale of its minority stake in AIB Merchant Services (AIBMS) to Fiserv, Inc.. Founded in 2007, as a Joint Venture (JV) between AIB and Fiserv, AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers….
St Barbara to acquire 14.4% stake in Geopacific Resources
CLAREMONT: St Barbara Ltd. (ASX: SBM), a Papua New Guinea-based gold producer, has agreed to acquire a 14.4% stake in Geopacific Resources Ltd. (ASX: GPR) through a share exchange with Patronus Resources Ltd. (ASX: PTN), the companies announced Friday. Under the deal, St Barbara will transfer its 158.1 million shares in Patronus in exchange for…
Tait International bids to takeover Vital Limited for $0.45 per share
AUCKLAND: Tait International Limited has issued a formal notice under the Takeovers Code, announcing its intention to acquire all equity securities of Vital Limited, including ordinary shares and employee-issued options. The offer price is set at $0.45 per share in cash, representing a 64% premium to the $0.275 per share price before Vital’s trading halt…
B.P. Marsh has sold Sterling Insurance to ATC Insurance Solutions
LONDON: B.P. Marsh & Partners PLC, a specialist investor in early-stage financial services businesses, said Wednesday that Sterling Insurance Pty Ltd, a general liability underwriting agency focused on Australia’s construction industry, has been acquired by ATC Insurance Solutions Pty Limited. B.P. Marsh holds a 20% stake in Sterling and a 25% share in ATC, which…
Jubilee Metals receives $90 million offer for South African chrome, PGM operations
JOHANNESBURG: Jubilee Metals Group, a diversified metals producer with operations in South Africa and Zambia, announced Thursday it has received a conditional binding offer of up to $90 million from a private mining and metals trading company to acquire its chrome and platinum group metals (PGM) operations in South Africa. The proposed deal, subject to…
Mitie Group offers to acquire Marlowe PLC for £366 million
LONDON: Mitie Group PLC announced Wednesday a recommended cash-and-share offer to acquire Marlowe PLC in a deal valuing the company at approximately £366 million ($466 million). The boards of both companies said they had reached an agreement under which Mitie Treasury Management Limited, a wholly owned subsidiary of Mitie, will acquire all issued and future…
Victor Group Holding acquires 15% stake in fintech firm IRich Finance
SYDNEY: Victor Group Holding (ASX: VIG) announced Thursday it has agreed to acquire a 15% stake in IRich Finance Pty Ltd., an Australian-licensed fintech provider, as part of a strategic expansion of its platform-as-a-service (PaaS) offerings. The deal, signed May 16, involves issuing 97,834,000 shares to IRich at AUD 0.06 per share, totaling AUD 5.87…
Almadex Minerals acquires Ruby Hill exploration project in Nevada
VANCOUVER: Almadex Minerals Ltd. has acquired full ownership of the Ruby Hill early-stage exploration project in central Nevada through staking, the company announced Thursday. The Vancouver-based mineral exploration company said the gold-silver project was identified as part of its regional exploration program in the western U.S. Ruby Hill features a large area of argillic alteration…
WPP Plc expands Pakistan presence with strategic mergers
LONDON: Pakistan competition watchdog has approved three separate merger transactions, allowing Berkeley Square Holding BV to acquire a 50% shareholding in Ogilvy & Mather Pakistan (Private) Limited, Mindshare Pakistan (Private) Limited, and Soho Square Pakistan (Private) Limited from Taher Anwar Khan. In the case of Mindshare, Interflow Communications (Private) Limited was also involved as a…
Blackstone affiliated Bidco to acquire Warehouse REIT in £470 million deal
LONDON: Warehouse REIT plc has agreed to a recommended cash acquisition by Wapping Bidco Ltd, a newly formed company backed by investment funds advised by affiliates of Blackstone Inc., in a deal valuing the real estate investment trust at approximately £470 million ($600 million). Under the terms of the deal, announced Wednesday, shareholders of Warehouse REIT…
HSBC becomes strategic investor in European fintech Token.io
LONDON: European fintech company Token.io announced Tuesday that HSBC has become a strategic investor, signaling a strengthened partnership focused on advancing account-to-account payment solutions. The investment, revealed at Money20/20 Europe, marks a milestone for Token.io, which has powered HSBC’s Open Payments solution since 2019. The London-based firm specializes in account-to-account (A2A) payment infrastructure, enabling direct bank transactions through open…
Brightstar Capital Partners acquires KZF Design, expanding architectural and engineering reach
NEW YORK: Brightstar Capital Partners, a private equity firm specializing in business services, industrials, consumer, and government services and technology investments, announced Wednesday that it has acquired KZF Design, a multidisciplinary architecture, engineering, and design firm. Mike Burke, former chairman and CEO of AECOM, will serve as chair of KZF’s board of directors and advise…