LONDON, UK: STM Group Plc (AIM: STM), the cross border financial services provider, has entered into an agreement to acquire the portfolio, net assets and trustee companies of the SIPP and SSAS businesses, from Mercer Ltd, for a fixed consideration of £3.34 million. Completion is planned for 31 August 2022. The Acquisition will be funded from existing financial…
Tremor International to acquire Amobee for $239mn
LONDON, UK: Tremor International Ltd. has entered into a definitive agreement to acquire Amobee for a total consideration of $239 million. Tremor is a global leader in Video, Data, and Connected TV (“CTV”) advertising offering an end-to-end technology platform that enables advertisers to optimize their campaigns and media partners to maximize yield on their digital…
Hill & Smith Holdings to sell France Galva for €72.6 million
LONDON, UK: Hill & Smith Holdings announced the proposed disposal of its French galvanizing and steel lighting column operations, France Galva SA to a consortium comprising ZINQ France SAS and Sofigalva SAS, for a net equity purchase price of €72.6 million. Transaction highlights · The Proposed Disposal is expected to be immediately enhancing to the…
Start of production from the Ikike Field
PARIS, FRANCE: TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria. Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14…
IDEX Biometrics and Turkish issuer to launch biometric payment cards
OSLO, NORWAY: IDEX Biometrics ASA initiated its first project in Turkey with an issuer to launch biometric payment cards for the local market. Cards from this issuer are estimated to be in consumer hands by Q1 2023. This partnership follows a previously announced partnership in Turkey with leading card manufacturer, E-Kart. Turkey is one of…
Spirax-Sarco signs deal to acquire Vulcanic Group for €261.7 million
LONDON, UK: Spirax-Sarco Engineering plc, the thermal energy management and niche pumping specialist, has now signed a binding definitive agreement to acquire the Vulcanic Group of Companies (Vulcanic) from Qualium, a French private equity company, for a consideration of €261.7 million on a cash and debt free basis. Signature of this definitive agreement follows the…
Home REIT included to FTSE 250 INDEX
LONDON, UK: Home REIT plc, which funds the acquisition and creation of high-quality properties across the UK that are dedicated to providing accommodation to homeless people, announced that following the changes in the FTSE UK Index Series announced by FTSE Russell, the Company has been added today as a constituent of the FTSE 250 Index….
Frenkel Topping forms Joint Venture with CFG Law
LONDON, UK: Frenkel Topping Group has extended its ‘Working in Partnership’ programme with a 50:50 joint venture (JV) between its IFA arm and law firm, CFG Law, taking its joint ventures to eight in the Personal Injury and Clinical Negligence space. The joint venture sees CFG Law, part of the Client First Group, provide services…
Premier Foods to acquire The Spice Tailor for £43.8 million
LONDON: Premier Foods has agreed to acquire 100% of The Spice Tailor shares for initial consideration of £43.8 million on a cash free and debt free basis. The Spice Tailor is expected to generate revenue of £17.3 million in FY22/23. The Spice Tailor is the premium, authentic Indian and South East Asian meal kits and…
Airtel Africa announces $40mn Kenya spectrum acquisition
LAGOS, NIGERIA: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces that its Kenya subsidiary, Airtel Kenya Networks Limited (Airtel Kenya), has purchased 60 MHz of additional spectrum in the 2600 MHz band from the Communications Authority of Kenya, for a gross consideration of…
SIG Plc has acquired Miers Construction Products for upto £34.7mn
LONDON, UK: SIG Plc, a leading supplier of specialist insulation and sustainable building products to customers across Europe, has acquired the entire issued share capital of Miers Construction Products Limited (MCP) for an initial cash consideration of £28m on a debt-free and cash-free basis. A further contingent cash payment of up to £6.7m will be…
Begbies Traynor acquires Mantra Capital for £18 million
LONDON, UK: Begbies Traynor Group announced the acquisition of Axiom Consulting & Investments Limited and Ellayaan Limited and their subsidiary undertakings, which together trade as Mantra Capital, a London-based property finance brokerage. Highlights of the acquisition · Initial consideration of £4.5m comprised of £4.0m in cash from the group’s existing facilities and the issue of 352,361…