LONDON, UK: The Board of AssetCo plc has submitted an indicative non-binding securities exchange proposal for the entire issued and to be issued share capital of River and Mercantile Group (RMG) that is not already owned by AssetCo. The possible offer is made for the remaining River and Mercantile Group (RMG) asset management business post…
AIB Group announces sale of SME portfolio in Great Britain
LONDON, UK: As previously announced as part of its Strategic Transformation Programme, AIB Group plc confirms that its subsidiary AIB Group (UK) p.l.c. (AIB UK) has reached an agreement to sell c. £0.6bn of performing small and medium enterprise (SME) loans in Great Britain (GB) to Allica Bank Limited following a competitive sales process. AIB…
tinyBuild acquires Versus Evil & Red Cerberus for up to $31.3mn
LONDON, UK: tinyBuild Inc., a leading video games publisher and developer with global operations, has acquired US-based Versus Evil, the video game publisher of critically acclaimed titles such as The Banner Saga, and its subsidiary Red Cerberus, its games service provider located in Sao Paolo, Brazil. The initial consideration for acquiring Versus Evil and Red…
Kingswood Holdings to acquire IBOSS Group for up to £16mn
LONDON, UK: Kingswood Holdings Limited (LON: KWG), the international wealth and investment management group, has agreed to acquire Metnor Holdings Limited (IBOSS Group). Metnor Holdings is based in Harrogate and is the holding company for IBOSS Asset Management Limited (IBOSS) and Novus Financial Services Limited. The consideration payable to the shareholders of Metnor includes initial…
Inform Information Systems to acquire Universe Group for £33.1mn
LONDON, UK: The boards of directors of Universe Group and Inform Information Systems Limited (IISL) have reached agreement on the terms and conditions of a recommended cash offer by IISL for the entire issued, and to be issued, ordinary share capital of Universe Group. Under the terms of the acquisition, each Universe Group shareholder will…
The Hyde Group appoints Andy Hulme as new CEO
LONDON, UK: Leading housing association the Hyde Group has appointed Andy Hulme as its new CEO. Hulme is currently Global Managing Director of Real Estate and Housing at Lloyds Banking Group and is also on the Board of Housing Growth Partnership, a social impact investor backed by Lloyds and Homes England. He has held a…
Lift Global Ventures intends to float on AQSE Growth Market
LONDON, UK: Lift Global Ventures, a financial media and technology-focused investment company led by well-known stock market commentator Zak Mir, announced its intention to apply for admission of its Ordinary Shares to trading on the Access segment of Aquis Stock Exchange Growth Market (AQSE) in London, UK. The company plans to raise approximately £1.7 million…
Orange Belgium to acquire 75% stake in VOO SA for €1.8bn
BRUSSELS, BELGIUM: Orange Belgium has entered into exclusive negotiations with Nethys for the acquisition of 75% of the capital less one share of VOO SA, a news release noted. Following a competitive selection process, Orange Belgium was chosen by Nethys to enter into exclusive negotiations for the acquisition of 75% of the capital minus one…
Rafaella Resources signs agreement to acquire Pan Iberia Ltd
SYDNEY, AUSTRALIA: Rafaella Resources Limited (ASX:RFR) has executed a binding heads of agreement with PanEx Resources for the acquisition of Pan Iberia Ltd. Pan Iberia, through its 100% subsidiary, PanMetals Unipessoal Limitada holds the contractual rights to acquire 100% of the Borralha tungsten project and 90% of the Vila Verde tungsten project from Minerália –…
Atrium and Gazit Hercules proceed with the merger deal
AMSTERDAM: Atrium European Real Estate Limited and Gazit Hercules 2020 Limited, which is an indirect wholly-owned subsidiary of Gazit-Globe Ltd (Newco), announced that they had signed a definitive merger agreement for a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Atrium that is not already owned directly or…
San Francisco based Life360 to acquire Tile Inc. for $205mn
SYDNEY, AUSTRALIA: San Francisco based Life360 has entered into a binding agreement to acquire Tile Inc. for a purchase price of up to $170 million plus up to $35 million in retention equity awards for Tile employees, representing total consideration of up to $205 million, a news release noted. Founded in 2012 and based in…
Bapcor Limited CEO & MD Darryl Abotomey to retire
SYDNEY, AUSTRALIA: The Bapcor Limited board announced that Darryl Abotomey, Chief Executive Officer and Managing Director will retire on 28 February 2022. Mr Abotomey has been with Bapcor for 10 years, and will remain available to the company until 30 June 2022 to assist with an orderly transition. Mr Abotomey was appointed CEO and Managing…