LONDON, UK: Mortgage Advice Bureau Limited has agreed to acquire approximately 75% of Project Finland Topco Limited (Fluent Money Group) for a total cash payment of c.£73 million based upon an enterprise value of £95 million together with a put and call option over the remaining interests. Fluent is a technology enabled telephone advice mortgage…
Tag: Acquire
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.
VVV Resources to acquire Anthony Vartkes Resources
LONDON, UK: VVV Resources Limited (AQSE: VVV) has signed a conditional Share Purchase Agreement with CASS FZE, and Stella Investments Limited to acquire 100% of the entire issued share capital of Anthony Vartkes Resources Limited (AVRL), a BVI-registered company. On completion of the Share Purchase Agreement, VVV Resources, will hold a 100% interest in the…
S-Ventures Plc agrees to acquire Market Rocket Limited
LONDON, UK: S-Ventures Plc has reached an agreement to acquire the whole of the issued share capital of Market Rocket Limited, a dynamic, growth-focused digital agency that partners exclusively with product and brand owners globally to identify and realise significant digital business opportunities. Subject to contract and due diligence, the acquisition is expected to complete…
Culpeo Minerals to acquire Lana Corina Copper Project
SYDNEY, AUSTRALIA: Culpeo Minerals Limited (ASX: CPO) has entered into an agreement to acquire the Lana Corina Copper Project from SCM Antares. Lana Corina is a high-grade copper project, hosting multiple outcropping copper bearing breccia pipes associated with a well mineralised porphyry intrusive. The Project is located 40km north of the Company’s Quelon Project in…
First Uranium Resources to acquire Southwind Corporation
VANCOUVER, BC: First Uranium Resources Ltd. (OTCPK: KMMIF) has entered into a binding letter of intent for an option to acquire all of the shares of Southwind Corporation, a Delaware corporation, holding significant exploration and development properties in and around Independence County, Arkansas, United States of America. Pursuant to the terms, First Uranium Resources will…
NORBIT to acquire international maritime technology company for $3.6mn
TRONDHEIM, NORWAY: NORBIT ASA is in exclusive negotiations regarding an add-on acquisition of an undisclosed international maritime technology company. The acquisition will broaden the product offering in the Oceans segment. NORBIT has signed a term sheet to this effect. “With the target company having developed a proprietary sonar technology, complementary to NORBIT’s current portfolio, this…
Resolution Life to acquire Superannuation & Investments business of AIA Australia
LONDON, UK: Resolution Life Australasia has entered into an agreement with AIA Australia Limited to acquire its Superannuation & Investments business. The acquisition will deliver significant value and scale benefits and will strengthen Resolution Life’s position as the largest life insurer by assets in Australasia. It will increase Resolution Life’s funds under management and administration…
Lyse to acquire Ice Group Scandinavia Holding for NOK 3.0bn
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…
Kingspan Group to acquire Ondura Group for €550mn
LONDON, UK: Kingspan Group, the global leader in high-performance insulation and building envelope solutions, signed an exclusive put option agreement to acquire Ondura Group from Naxicap Capital Partners and others. The total consideration for the businesses will be €550m (debt free, cash free) payable in cash on completion. Ondura Group, comprising Onduline SAS, Alwitra Holding,…
Wilhelmsen New Energy to acquire a 21% stake in Reach Subsea for NOK 150mn
HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
VIP Gloves to acquire Ammorium Resources
SYDNEY, AUSTRALIA: VIP Gloves Limited has entered into a Heads of Agreement with Julian Foo Kuan Lin, major shareholder of Ammorium Resources Sdn Bhd to acquire 100% equity interest in Ammorium. Ammorium, incorporated in Malaysia in 2015 holds a 10- year tax-exempt status and is fully licensed to commence glove manufacturing operations. The proposed acquisition…
Mt Monger Resources to acquire battery metal project
SYDNEY, AUSTRALIA: The Board of Mt Monger Resources Limited (ASX: MTM) has executed two binding agreements to acquire a suite of mineral exploration tenements in the Ravensthorpe region of Western Australia (battery metal project), within the Albany-Fraser Orogen. The areas are considered to be highly prospective for lithium, graphite, nickel-copper-PGE and gold mineralisation. Regarding the…