LONDON: File Forge Technology PLC, soon to be renamed Amirose London Holdings PLC, announced Friday the completion of its acquisition of Amirose London Ltd. and the admission of its enlarged share capital to trading on the Aquis Stock Exchange. The company’s 117,483,865 ordinary shares, priced at £0.05 each, began trading at 8 a.m. under the…
Tag: acquisition
Rosebank acquires Electrical Components International in £1.14 billion deal
LONDON: Rosebank announced Thursday the acquisition of U.S.-based Electrical Components International (ECI), a market leader in critical electrical distribution systems, in a deal financed through debt facilities and a fully underwritten institutional capital raise of approximately £1.14 billion ($1.45 billion). The acquisition, Rosebank’s first under its “Buy, Improve, Sell” strategy, aims to enhance shareholder value…
Pinewood.AI to acquire Lithia’s stake in North American JV in $76.5 million deal
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the joint…
Blackstone affiliated Bidco to acquire Warehouse REIT in £470 million deal
LONDON: Warehouse REIT plc has agreed to a recommended cash acquisition by Wapping Bidco Ltd, a newly formed company backed by investment funds advised by affiliates of Blackstone Inc., in a deal valuing the real estate investment trust at approximately £470 million ($600 million). Under the terms of the deal, announced Wednesday, shareholders of Warehouse REIT…
Scott Felder Homes expands presence in North Texas with Olivia Clarke Homes acquisition
AUSTIN: Scott Felder Homes, a leading homebuilder operating in Austin, San Antonio, and Denver, announced Wednesday the acquisition of Olivia Clarke Homes, an award-winning residential builder based in the Dallas-Fort Worth Metroplex. The move marks a strategic expansion for Scott Felder Homes into the competitive North Texas market, enhancing its ability to meet increasing demand…
LondonMetric to acquire Urban Logistics in £698.9 million deal
LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
Erste Group Bank acquires 49% stake in Santander’s Polish unit for $7.7 billion
WARSAW: Austria’s Erste Group Bank has acquired a 49% stake in Santander Bank Polska, the Polish unit of Spain’s Santander, in a deal valued at approximately 6.8 billion euros ($7.7 billion), the banks announced Monday. Shares of Santander Bank Polska fell around 5% following the news, while Erste’s stock surged 6.46%. Santander shares were up 0.3%…
Bett Entertainment proposes $360 million acquisition of PointsBet
SYDNEY: Bett Entertainment Limited (ASX:BBT) announced a revised proposal Tuesday to acquire 100% of PointsBet Holdings Limited in a deal valued at $360 million, offering a mix of cash and shares. The move aims to create a stronger competitor in Australia’s wagering market. The proposal includes $260 million in cash and $100 million in Bett…
Capricorn Metals announces acquisition of Kings Find Project
PERTH: Capricorn Metals Ltd. (ASX: CMM) announced Thursday that it has entered into a binding agreement to acquire the Kings Find Project, a highly prospective gold exploration tenement located in Western Australia’s Murchison region. The project, covering approximately 54 square kilometers, is contiguous to the northern boundary of Capricorn’s existing Mt Gibson Gold Project (MGGP). The acquisition,…
Sika expands UK roofing market with acquisition of Cromar Building Products
Sika, a global specialty chemicals company, has announced the acquisition of Cromar Building Products, a prominent supplier of roofing systems in the United Kingdom. The acquisition is expected to open up significant cross-selling opportunities and support Sika’s continued expansion in the UK roofing sector. Cromar is well-known for its innovative product offerings, technical expertise, and exceptional…
Bending Spoons completes acquisition of Brightcove Inc for $233 million
BOSTON: Bending Spoons, an Italy-based technology company, has finalized its acquisition of U.S.-based streaming technology firm Brightcove Inc. (NASDAQ: BCOV) in an all-cash transaction valued at approximately $233 million, or $4.45 per share. The definitive acquisition agreement was signed in November 2024. Luca Ferrari, CEO and co-founder of Bending Spoons, expressed enthusiasm about the acquisition. “It’s with…
Resolution Life announces acquisition by Nippon Life
LONDON: Resolution Life, a global life insurance group, announces that Nippon Life Insurance Company will acquire 100% of the company for $8.2 billion, valuing it at $10.6 billion. After the acquisition, Resolution Life’s business in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life. Meanwhile, Resolution Life’s Australasian business will merge…