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…
Corporate Travel Management signs deal to acquire Helloworld for $175mn
MELBOURNE, AUSTRALIA: Corporate Travel Management (ASX: CTD) has entered into a binding agreement to acquire 100% of Helloworld Travel (ASX:HLO) corporate and entertainment travel business in Australia and New Zealand for an enterprise value of $175 million. Completion of the acquisition is expected to occur in Q1 2022 and is subject to a number of…
LiveTiles acquiring digital workplace software company, BindTuning
SYDNEY, AUSTRALIA: LiveTiles Limited (ASX:LVT) has entered into a binding agreement for a strategic investment into BindTuning, a leading digital workplace software company, headquartered in Portugal. LiveTiles has entered into a binding agreement to acquire 100% of issued capital in BindTuning over a 24-month period, with an initial payment of $540k for a 19.99% stake…
GrandVision signs deal to acquire Swedish optical retailer Smarteyes
SCHIPHOL, THE NETHERLANDS: GrandVision N.V., part of the EssilorLuxottica group, and Synoptik Foundation together have entered into an agreement with Mellby Gård AB to acquire the Swedish optical chain Smarteyes through their subsidiary Synoptik A/S, a news release said. The closing of the transaction is subject to customary regulatory approvals. The financial terms of this…
MAF buys BNK’s mortgage broking business, Finsure for $151.6mn
SYDNEY, AUSTRALIA: MA Financial Group Limited (ASX:MAF) will acquire 100% of BNK Banking Corporation‘s mortgage broking aggregator subsidiary, Finsure Holding and related aggregation division subsidiaries for consideration of $151.6 million in cash. A share sale agreement has been signed between the two parties in this regard. Completion of the proposed transaction is subject to the…