Personal Group announced the disposal of technology salary sacrifice division, Lets Connect IT Solutions to The Perkbox Vivup Group
All posts tagged Disposal
HICL sells US toll-road project for US$232m and launches share buyback
HICL Infrastructure Company Limited (HICL) has announced the sale of its stake in the US Northwest Parkway toll-road project to VINCI Highways SAS for a net consideration of about US$232m, which is 30% higher than its latest valuation. The sale is part of HICL’s strategy to recycle capital from mature assets and invest in new…
FCA approves disposal of ContourGlobal to Brasil Participações
LONDON, UK: Financial Conduct Authority (FCA) has approved the disposal of Contour Global to Brasil Participações S.A. Kani Lux Holdings S.à r.l., a majority-owned subsidiary of ContourGlobal, had signed a definitive agreement with Infraestrutura Brasil Holding XVII S.A. (“Pátria Investments”) to sell the entire issued share capital of ContourGlobal. Brasil Participações S.A., together with its…
Good Energy Group sells renewable generation portfolio for £24.5mn
LONDON, UK: Good Energy Group announced the disposal of its 47.5MW renewable generation asset portfolio as part of an ongoing strategic shift to energy and mobility services. Company had appointed KPMG LLP to lead a sale process for the Company’s entire 47.5MW generation portfolio. Following a competitive process, the disposal of the portfolio has been…
Foxtons Group announces disposal of Douglas & Gordon sales business
LONDON, UK: Foxtons Group, London’s leading estate agency, announced disposal of the D&G sales business and all of its branches, by way of the sale of Douglas & Gordon Limited (D&G), and the integration of the D&G lettings business into the Foxtons network. Strategic rationale The acquisition of lettings books and businesses is a key…
Norish to sell its cold storage division to Nichirei for £65.7mn
LONDON, UK: Norish plc has signed a conditional agreement for the sale of its cold storage division to Nichirei Holding Holland B.V, a wholly owned subsidiary of Nichirei Logistics Group Inc. for a consideration of £65.706 million, a bourse filing said. Following the settlement of indebtedness and the operation of a completion accounts mechanism in…
Bigblu Broadband agrees to dispose of Quickline holdings in a £48.6 million deal
LONDON: Bigblu Broadband plc (BBB) has conditionally agreed to sell company’s holding in Quickline – the holding company for Quickline Communications Limited – to global private markets investment firm Northleaf Capital Partners. The Disposal values BBB’s shareholding in Quickline at up to £48.6 million, equivalent to approximately 84 pence per BBB ordinary share. The consideration will be…
Studio Retail Group to sell Findel Education for £30 million in cash
LONDON: Studio Retail Group plc, the online value retail business, has entered into and completed upon a definitive agreement for the sale (Disposal) of Findel Education Limited to West Moorland 221 Limited for a gross consideration of £30.0 million in cash. West Moorland 221 Limited is a newly formed company owned by investment funds managed…
Electra Private Equity sells Sentinel Performance Solutions Group to Aalberts N.V.
LONDON: Electra Private Equity PLC announced the disposal of Sentinel Performance Solutions Group Ltd to Aalberts N.V., (‘Aalberts’) a global industrial technology group headquartered in Utrecht, the Netherlands and listed on the Amsterdam Stock Exchange. Following an initial investment in Sentinel in 2011, Electra gained control of the business for a nominal sum in July…
Sage Group announces £39m disposal of its Swiss business to Infoniqa
LONDON: The Sage Group has entered into an agreement for the sale of its Swiss business to Infoniqa, a provider of HR software solutions majority-owned by Warburg Pincus. Sage previously announced that the business was held for sale in its full year results announcement on 20 November 2020. The sale consideration is approximately CHF 50m…
Ferguson Plc completes Wolseley UK disposal
LONDON: Ferguson Plc confirmed the completion of the disposal of Wolseley UK, its plumbing and heating distribution business, to Clayton, Dubilier and Rice. The Company previously announced its intention to return substantially all of the net proceeds of the disposal to shareholders by way of a special dividend. Ferguson expects to provide further details regarding…
Stenprop Limited selling Victoria Retail Centre for EUR37.45 million
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has exchanged contracts on the sale of its freehold interest in the Victoria Centre in Berlin, Germany to Art-Invest Real Estate Funds GmbH for €37.45 million. The disposal price is at our 30 September book value and reflects a 19.3% (€6.05 million) premium to the…