LONDON: Private equity firm Permira has agreed to acquire fund administration group JTC Plc (JTC.L) through its newly formed vehicle Papilio Bidco Ltd in a recommended cash deal valuing the company at approximately £2.3 billion ($2.8 billion). Under the terms of the offer, JTC shareholders will receive 1,340 pence per share in cash, representing a…
Tag: Bidco
PRS REIT agrees to £646 million sale of property subsidiary to Waypoint-advised Fund
LONDON: The PRS REIT has entered into non-binding heads of terms for the proposed £646.2 million sale of its operating subsidiary, PRS REIT Holding Company Limited, to a vehicle wholly owned by a fund advised by Waypoint Asset Management. The deal, subject to shareholder approval and due diligence, would transfer ownership of the REIT’s entire…
Shanta Gold shareholders to receive £142 million in cash acquisition by Saturn Resources
LONDON, UK: Saturn Resources Ltd (“Bidco”), a subsidiary of ETC Holdings, has agreed to buy out Shanta Gold Limited (“Shanta”), a gold mining company operating in East Africa, for 13.5 pence per share in cash. Badal Patel, CFO of Bidco, commented: “Bidco believes that the recommendations from ISS and Glass Lewis to vote in favour…
Inspired Education agrees to acquire Wey Education
LONDON: Inspired Education Online Limited (Bidco) has agreed on a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Wey Education. The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders. The purpose of the Scheme…
Bidco Limited agrees to buy Cobham Plc for £4.0 billion
LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Cobham by Bidco. The Acquisition is to be effected by means of a scheme of arrangement. The acquisition values the entire issued and…