OSLO, NORWAY: Netoil Capital Ltd. has reached agreement with Bluegreen Holding SA. (BGH) for the acquisition of 50% of shares in Bluegreen Mozambique Mineracao e Servicos Lda (BMMS), against the issue 40 million NOC shares. The agreement and share issue is conditional on BMMS receiving final production permit. BGH’s assets consist of an interest in…
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.
Spirax-Sarco Engineering to acquire Cotopaxi Limited for £12.8mn
LONDON, UK: Spirax-Sarco Engineering has entered into a definitive agreement to acquire Cotopaxi Limited, a digitally enabled, global energy consulting and optimisation specialist, from Business Intelligence of Oriental Nations Corporation Ltd, for a consideration of £13.3 million, which is £12.8 million on a cash and debt free basis. The transaction will be funded from cash…
Tavistock Investments to acquire Morgan financial Group for £3.7mn
LONDON, UK: Tavistock Investments Plc has entered into an agreement to acquire the entire issued share capital of Morgan Financial Group Holdings Limited, an independent financial advisory group with offices in Bath and Cheltenham. Tavistock has agreed to acquire Morgans for a total cash consideration of £3.7 million, from Corimar Asset Management Fund LP. £3.1…
Observe Medical ASA to acquire Biim Ultrasound for EUR 18.5mn
OSLO, NORWAY: Observe Medical ASA will acquire 100% of the shares in Biim Ultrasound AS at approximately NOK 185 million (EUR 18.5 million) in cash and shares. The agreement further strengthens Observe Medical’s position as a Nordic-based medtech platform with global reach. The Company will continue its focus on improving patient welfare and outcome, promoting…
Team17 acquires astragon Entertainment in a €100mn deal
LONDON, UK: Team17 has entered into a definitive agreement to acquire astragon Entertainment GmbH for a maximum cash consideration of €100 million. The initial cash consideration payable is €75 million, with a further consideration of up to €25 million payable in cash on the delivery of EBITDA performance targets for the financial years ending December…
Kainos Group acquires US-based Blackline Group
LONDON, UK: Kainos Group (KNOS), a leading digital technology company and Workday services partner, has entered into an agreement to acquire and completed the acquisition of Blackline Group Inc, a private United States based company. Established in 2009 and headquartered in Washington state, Blackline Group is a specialty services firm that focuses on procurement and is an…
New York Times to acquire The Athletic for $550mn
NEW YORK: The New York Times Co has agreed to buy The Athletic, subscription-based sports site, for $550 million in cash. Founded in 2016, The Athletic had 1.2 million subscribers as of December, and covers more than 200 clubs and teams in the U.S. and around the world. “Acquiring The Athletic puts us in a…
MTI agrees to acquire PSK for $1.2mn
LONDON, UK: MTI Wireless Edge Ltd subsidiary MTI Summit Electronics has entered into a share purchase agreement, which includes both a purchase of existing shares in and the making of a new equity investment into PSK, after which MTI Summit will own 51% of PSK. The initial consideration for the acquisition is approximately US$1.2 million,…
Grafton Group to acquire Sitetech Building Products in Ireland
LONDON, UK: Grafton Group has agreed to acquire Sitetech Building Products, the market leader in the distribution of specialist construction accessories in Ireland where the business trades from two locations in Dublin and Cork. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Grafton Group is the…
Schroders to acquire 75% in Greencoat Capital Holdings for £358mn
LONDON, UK: Schroders plc has reached agreement to acquire a 75% shareholding in Greencoat Capital Holdings Limited for an initial consideration of £358 million. The deal includes a potential earn out, payable three years after completion, which is subject to stretch revenue targets, the continued employment of the senior management team in the Greencoat business…
Sanofi to acquire Amunix Pharmaceuticals in a $1.225bn deal
PARIS, FRANCE: Sanofi has entered into an agreement to acquire Amunix Pharmaceuticals Inc, an immune-oncology company. Amunix’s pipeline, which includes lead candidate, AMX-818, a masked HER2-directed TCE, offers a strong strategic fit with Sanofi’s focus on developing potentially transformative cancer therapies in immuno-oncology. Under the terms of the agreement, Sanofi will acquire Amunix Pharmaceuticals for…
AS Equity Partners to acquire Swiss Post Solutions
LONDON, UNITED KINGDOM: AS Equity Partners entered into a definitive agreement with Swiss Post to acquire Swiss Post Solutions (SPS), a leading provider of business process outsourcing solutions and innovative document management services. The transaction is expected to close shortly after signing subject to customary closing conditions. “We believe SPS has huge potential in international…