The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
FRANKFURT, GERMANY: Permira, the global private equity firm, announced that a company backed by the Permira funds has agreed to acquire GGW Group. GGW Group is one of the leading European insurance brokerage platforms for small and medium-sized enterprises (Mittelstand) currently owned by Hg, a leading investor in European and transatlantic software and services businesses….
LONDON, UK: Schroders Capital’s portfolio company Carmot Therapeutics Inc. has entered into a definitive agreement to be acquired by Roche, a global pharmaceutical company, at a purchase price of $2.7 billion upfront and the potential for $400 million in milestone payments, a bourse filing noted. The agreement is expected to close in the first quarter…
LONDON, UK: Kohlberg Kravis Roberts & Co. L.P. (KKR), through a newly formed Sienna Bidco, reached agreement on the terms of a recommended all cash acquisition of Smart Metering Systems plc (SMS) at the rate of 955 pence in cash per share valuing SMS at £1.3 billion on a fully diluted basis, and this implies…
PITTSBURGH: Woodings Industrial Corporation and affiliated companies have announced the acquisition of Superior Machine Company of South Carolina, Inc., a leading provider of electric arc furnace and continuous casting equipment and services. The acquisition will strengthen Woodings Industrial’s position in the North American market for melt shop engineering, design, maintenance, and repair. Superior Machine, founded…
SYDNEY, AUSTRALIA: Careteq Limited (ASX: CTQ) has entered into a binding agreement to acquire the business and assets of New Medical Enterprises Pty Ltd trading as HMR Referrals for total consideration of $250k cash and $250k in ordinary shares at 2.5c per share. Established in 2016, HMR Referrals is a marketplace platform that securely simplifies…
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into an agreement to acquire 66.67% of the issued share capital of Semnet Pte Ltd, a cybersecurity company based in Singapore, for a total consideration of US$1.8 million, payable through US$0.8 million in cash and US$1.0 million in new shares in the GST. Semnet is a profitable…
OSLO, NORWAY: Eqva ASA and LOS Group have signed a letter of intent for a business combination agreement. The combined entity will have an EV of approximately NOK 620 million. The agreement includes the LOS Group’s 100 percent ownership in LOS Elektro AS and LOS Eiendom Bergen AS, as well as 51 percent ownership in…
LONDON, UK: Porvair plc, on 4 December 2023, acquired 100% of the share capital of Acquisition of European Filter Corporation NV (EFC), a filtration business based in Lummen, Belgium. Acquisition of European Filter Corporation NV (EFC) has expertise in the manufacture of mist elimination filters used in the production of industrial feedstocks and well established…
LONDON, UK: THG Plc has agreed to acquire prestige skincare brand Biossance for a maximum consideration of $20 million. Since inception in 2015, Biossance has generated global revenues of c. $300m and is currently stocked in over 1,600 stores globally including Sephora, Harrods, Space NK, Douglas and Selfridges plus online through www.biossance.com, Lookfantastic and Cult…
PERTH, AUSTRALIA: Reward Minerals Limited (ASX: RIND), a potash exploration and development company, has announced that it has entered into a binding agreement to acquire the Beyondie Sulphate of Potash (SOP) Project from the receivers of Kalium Lakes Limited. The Beyondie Project is a high-grade SOP project located in Western Australia, with a projected annual…
RICHMOND: NewMarket Corporation (NYSE: NEU), a leading developer and manufacturer of chemical additives for petroleum products, announced today that it has signed a definitive agreement to buy AMPAC Intermediate Holdings, LLC, the parent company of American Pacific Corporation (AMPAC), for about $700 million. AMPAC is the top North American producer of critical performance additives for…
Alaska Air Group announced on Sunday that it has agreed to acquire its rival Hawaiian Airlines for $1.9 billion, a deal that would create a dominant carrier in the Hawaii market and expand its network to Asia. The transaction, which faces regulatory scrutiny, would pay $18 a share for Hawaiian and assume $900 million of…