LONDON, UK: Hochschild Mining PLC (LON: HOC) announced the launch of the initial public offering (IPO) of Aclara Resources on the Toronto Stock Exchange (TSX). Aclara Resources has filed a prospectus in Canada qualifying the distribution of the Aclara Shares issuable pursuant to the Demerger Dividend under applicable Canadian securities laws. Concurrently with the Aclara…
Kingfish Maine facility approved for construction advancements
OSLO, NORWAY: The Kingfish Company’s second recirculating aquaculture facility has obtained final state level approvals, keeping the Maine facility on schedule to break ground by end of 2021. The Kingfish Company N.V.’s U.S. facility received final state level permits last week; documentation that enables the project to begin construction on schedule. These permits indicate compliance…
BiVictriX and Abzena collaborate to manufacture antibody-drug conjugates
CAMBRIDGE, UK: BiVictriX Therapeutics plc (LON: BVX) announced a collaboration to manufacture BiVictriX’s antibody-drug conjugates (ADC) with Abzena Limited, a partner research organisation for integrated discovery to cGMP manufacturing solutions for biologics. The collaboration will allow BiVictriX to cost-effectively manufacture its anti-cancer ADCs for use in pre-clinical models without the need for extensive manufacturing facilities…
Bunzl Plc agrees to acquire two UK based businesses
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, today announces that it has recently completed two further acquisitions. Workwear Express, based in Durham, UK, is a leading business in personalised workwear and promotional clothing with a strong e-commerce focus. The business serves a broad range of customers and in the year to…
Roquefort Investments acquires Lyramid Pty Limited for £1 million
LONDON, UK: Roquefort Investments (LON:ROQ) entered into a conditional share sale and purchase agreement with Provelmare Holding S.A. to acquire the entire issued share capital of Lyramid Pty Limited for an initial consideration of £1 million payable 50% in cash and 50% in shares. Lyramid has the exclusive worldwide licence to commercialise up to 37…
Insig AI buys FDB Systems Limited in £10 million deal
LONDON, UK: Insig AI plc (LON: INSG), the data science and machine learning solutions company, has entered into a conditional share purchase agreement to acquire the entire issued share capital of FDB Systems Limited. Insig AI plc will pay to the selling shareholders up to £10.0 million. FDB Systems specialises in the collection and structuring…
Croma Security Solutions acquires Safeguard Ltd
LONDON, UK: Croma Security Solutions Group (CSSG), the total security services provider, announced the acquisition of the entire issued share capital of Safeguard Ltd for an upfront consideration of £0.53 million plus a deferred consideration of up to £0.08 million. Safeguard Ltd is a Manchester based locksmith business servicing the security needs of Cheshire and…
Flutter Entertainment acquires Tombola for £402 million
LONDON, UK: Flutter Entertainment (LON:FLTR) announced the acquisition of Tombola, one of the UK market’s leading online bingo operators, for an enterprise value of £402 million. Tombola, with teams primarily located in Sunderland and Gibraltar, is a successful bingo-led gaming company with an emphasis on providing a low staking bingo proposition to a highly engaged…
LEAF Mobile announces £130 million IPO on LSE
LONDON, UK: LEAF Mobile Inc. (TSX: LEAF), a leading Canadian free-to-play mobile game group, announced its intention to conduct an initial public offering (IPO) and join the Main Market of the London Stock Exchange (LSE) this winter. LEAF Mobile Inc., which started trading its common shares on the Toronto Stock Exchange (TSX) on February 10th,…
Hyve Group to acquire 121 Group for up to £50 million
LONDON, UK: Hyve Group, the next-generation global events business, has agreed to acquire 121 Group (HK) Limited and 121 Partners Limited (121 Group) for initial consideration of $28 million. The estimated total consideration after earn-out is expected to be between approximately £42 million and £50 million. 121 Group is a market leading omnichannel meetings programme…
Sanofi invests $180mn in Owkin’s artificial intelligence and federated learning
PARIS, FRANCE: Sanofi announced an equity investment of $180 million and a new strategic collaboration with Owkin comprised of discovery and development programmes in four exclusive types of cancer, with a total payment of $90 million for three years plus additional research milestone-based payments, a news release said. Owkin, an artificial intelligence (AI) and precision…
Recticel to sell its bedding business to Aquinos for EUR 122.4mn
BRUSSELS, BELGIUM: Recticel has entered into a binding agreement to sell its bedding business line to the Portuguese privately owned Aquinos Group. Under the terms of the agreement the bedding business line, will be sold to the Aquinos Group for an enterprise value of EUR 122.4 million. The transaction is expected to be closed in…