LONDON: Laumann Group UK Limited, a subsidiary of the German building products giant Laumann Stiftung & Co. KG, announced Thursday a recommended cash acquisition of Epwin Group plc for approximately £167.3 million. The deal, which values each Epwin share at 120 pence, is intended to be implemented through a court-sanctioned scheme of arrangement. The acquisition…
Tag: acquisition
Software Circle acquires Artificial Intelligence Finance Limited for €9.0 million
LONDON: Software Circle plc (AIM: SFT) has acquired approximately 95% of the issued share capital of Artificial Intelligence Finance Limited. AIF provides software to mortgage and insurance brokers and lenders in Ireland. The total consideration of up to €9.0m will be satisfied in cash and is structured on a debt free/cash free basis. The acquisition…
Auction Technology Group acquires Chairish LLC for $85 million
LONDON: Auction Technology Group plc (LON: ATG), a leading operator of curated online auction marketplaces, announced Monday the acquisition of Chairish LLC, a premier list-price marketplace for vintage furniture, décor, and art, in a deal valued at $85 million. The acquisition marks a strategic expansion for ATG into the broader Arts & Antiques (A&A) market,…
Cardfactory acquires Funky Pigeon in £24 million deal to supercharge UK digital retail growth
LONDON: Greeting card giant cardfactory announced Tuesday it will acquire Funky Pigeon from WH Smith PLC for £24 million. The move signals cardfactory’s intent to become a top-tier omnichannel player in the UK’s celebration occasions market. Funky Pigeon, known for its personalised cards and attached gifting via funkypigeon.com, generated around £32 million in annual revenue…
Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
LONDON: Close Brothers Group has agreed to sell its execution services and securities business, Winterflood Securities to Marex Group plc for a consideration amount of approximately £103.9 million in cash. The Transaction is aligned with the group’s strategic priorities to simplify the portfolio, enhance operational efficiency and drive sustainable growth. As previously outlined, Close Brothers is actively…
Corpay to acquire Alpha Group International in £1.8 billion cash deal
Deal offers 55% premium to Alpha’s pre-announcement share price LONDON: U.S.-based Corpay, Inc. (NYSE: CPAY) will acquire British financial services firm Alpha Group International (LSE: ALPH) in a recommended cash deal valued at approximately £1.8 billion ($2.3 billion), the companies announced Thursday. Under the terms, Alpha shareholders will receive 4,250 pence per share—a 55% premium…
Hunt Companies acquires majority stake in Carter to bolster U.S. mixed-use development push
ATLANTA: Hunt Companies Inc., an El Paso-based holding company with interests spanning real estate, infrastructure and financial services, has acquired a majority stake in Carter, a leading real estate investment and development firm headquartered in Atlanta. The acquisition strengthens Carter’s position in mixed-use and residential development and expands its platform to pursue large-scale opportunities across…
Honye Financial Services to acquire Zoyo Capital Limited for £26 million
LONDON: Honye Financial Services Ltd (LSE: HOYE) announced Wednesday it has agreed to acquire London-based FinTech firm Zoyo Capital Limited in a share-based deal valued at £26 million. Under conditional agreements, Honye will acquire the entire issued share capital of Zoyo. The consideration will be satisfied entirely through the issuance of 113,043,478 new Honye ordinary…
Norcros Plc acquires Norway’s Fibo Group in NOK 618 million deal
LONDON: In a strategic move to boost its presence in high-growth European bathroom segments, UK-based Norcros plc has announced its agreement to acquire the entire issued share capital of Norway’s Fibo Holding AS from private equity firm FSN Capital. The transaction carries an enterprise value of NOK 618 million (approximately £45 million) and is subject…
Longevity Health merges with THPlasma in all-stock deal, targets plasma shortage
NEW YORK: Longevity Health Holdings, Inc. (Nasdaq: XAGE), a company focused on human longevity and healthy aging, announced Tuesday the execution of a definitive agreement to merge with True Health Inc., operator of the THPlasma brand, in an all-stock transaction. The combined company is expected to continue trading on Nasdaq under the ticker “XAGE” after…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
Boyd Gaming to sell FanDuel stake to Flutter for $1.76 billion
Boyd Gaming Corp. will sell its 5% equity stake in FanDuel Group to Flutter Entertainment in a deal valued at approximately $1.76 billion, the companies announced Thursday. The transaction, expected to close in the third quarter of 2025, would give Flutter full ownership of FanDuel, a U.S. sports betting giant, at an implied valuation of…