LONDON, UK: CIP Merchant Capital has acquired, in aggregate, 1.8ordinary shares in Time Out Group for a total consideration of approximately £1.0 million, representing approximately 0.54 per cent of the issued share capital of Time Out. Time Out Group is the AIM quoted global media and hospitality business which seeks to enable people to explore…
LBG Media commences trading on AIM market of LSE
LONDON, UK: LBG Media plc (LON: LBG) announced that the admission of its entire issued and to be issued share capital to trading on the Alternative Investment Market (AIM) of the London Stock Exchange becomes effective and dealings commence under the ticker LBG. LBG Media plc (LON: LBG) is the UK-based multi-brand, multi-channel digital youth…
Depixus raises €30.6 million in Series A Financing
LONDON, UK: Arix Bioscience’s portfolio company Depixus has successfully completed its oversubscribed Series A financing which raised €30.6 million (£26.1 million). Depixus is a biotechnology company developing a unique technology for the fast, accurate, and straightforward extraction of multiomic information from DNA, RNA, and proteins. Funds from the financing will enable Depixus to further develop…
Restore plc acquires Capture All Limited for £0.9mn
LONDON, UK: Restore plc (LON: RST) has acquired 100% of the share capital of Capture All Limited, a digital services business based in Falkirk for consideration of £0.9 million. The acquisition of Capture All further progresses the Group’s strategy to significantly expand Restore Digital, the UK’s market leading digital service business that comprises business process…
DCC Technology acquires Almo Corporation for $610 million
LONDON, UK: DCC Technology has completed the acquisition of Almo Corporation on 14 December 2021. The acquisition was based on an initial enterprise value of approximately $610 million (£462 million) on a cash-free, debt-free basis. The transaction represents DCC’s largest acquisition to date and materially expands DCC Technology’s successful and growing North American business. The…
Oakley Capital agrees sale of TechInsights
LONDON, UK: Oakley Capital announced that Oakley Capital Private Equity III has reached an agreement to sell its stake in TechInsights, an information services platform for the microelectronics sector. The exit will generate a gross return on investment of c.18.8x MM and c.82% IRR to Fund III. As part of the transaction, Oakley Capital Fund…
GlobalData acquires LMCA Holdings and LMCI Holdings
LONDON, UK: GlobalData Plc, the leading provider of industry intelligence, announced the acquisition of both LMCA Holdings Limited and LMCI Holdings Limited, which provide data, analytics, and insights of the Automotive and Agribusiness markets respectively. The acquisitions add further scale and capabilities to our existing Automotive intelligence proposition and brings new and unique gold standard…
Hammerson Plc offloads non-core assets
LONDON, UK: Hammerson Plc has exchanged or completed sales of six non-core assets for total gross cash proceeds of £92 million since the half year. This is in line with the Company’s strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. The largest constituent is the exchange after market close on 14…
Likewise Group agrees to acquire Valley Wholesale Carpets for £30mn
LONDON, UK: Likewise Group (LON:LIKE) has entered into a conditional agreement to acquire the entire issued share capital of Valley Wholesale Carpets, a UK-based distributor and wholesaler of carpets, for a maximum consideration of £30.0 million, including approximately £10.0 million of cash within Valley Wholesale Carpets. This comprises initial consideration of £24.0 million which is…
Eckoh Plc agrees to acquire Syntec Holdings for £31 million
LONDON, UK: Eckoh Plc, the global provider of secure payment products and customer contact solutions, has entered into an agreement to acquire the entire issued share capital of Syntec Holdings Limited for a total consideration of £31 million through a combination of cash and new Eckoh shares. The cash consideration payable under the acquisition is…
888 Holdings sells bingo business to Broadway Gaming for $50mn
LONDON, UK: 888 Holdings (LON: 888) has reached an agreement to sell its entire B2C and B2B bingo businesses to Saphalata Holdings Ltd., a member of the Broadway Gaming group. The consideration is $50m on a cash-free debt-free basis, including a potential earnout of up to $4m, based on achievement over six months of revenue-based…
Alloggio to acquire Great Ocean Road Holidays for $8.0mn
SYDNEY, AUSTRALIA: Alloggio Group Limited (ASX: ALO) has exchanged a binding agreement to acquire the entire issued share capital in Great Ocean Road Accommodation Centre (Great Ocean Road Holidays) for $8.0 million payable in cash. Settlement of the acquisition is expected to occur by the end of this week. Great Ocean Road Holidays was established…