PERTH – Australia’s IMDEX Ltd (ASX:IMD) said on Monday it will acquire Luxembourg-based Advanced Logic Technology (ALT) and its U.S. subsidiary Mount Sopris Instruments (MSI) for €55.8 million (A$98.9 million), strengthening its position in earth science sensors and geoscience software. The deal, funded through cash reserves and existing debt facilities, is expected to close in…
BRUSSELS: Belgian industrial laundry machinery manufacturer JENSEN-GROUP NV said on Monday it has acquired the heavy-duty laundry equipment business of U.S.-based G.A. Braun, Inc. for $39.4 million, in a move to strengthen its manufacturing and service network in North America. The acquisition, executed by JENSEN’s North American subsidiary, gives the European company a state-of-the-art production…
ANTWERP — TINC, an infrastructure investor listed on Euronext Brussels, announced Friday a €100 million investment in Interparking, a leading European car park operator. The investment follows a syndication by AG Insurance and AG Real Estate of an indirect minority stake to a consortium that includes TINC, the global infrastructure investor Northleaf Capital and Hedera, the…
LONDON – Team PLC (AIM: TEAM) has agreed to acquire its smaller rival WH Ireland Group PLC (AIM: WHI) in an all-share deal, the companies announced on Tuesday, in a move to create a diversified wealth and asset management group with a combined market value of approximately £30.3 million. The recommended acquisition, structured as a court-sanctioned…
LONDON – British investment firm Caledonian Holdings Plc (AIM: CHP) said on Tuesday it had agreed to acquire fintech company Aspire Commerce Group Ltd for a nominal £1, a deal that grants it a regulated platform to build out its financial technology ambitions. The proposed acquisition values Aspire at an enterprise value of £9.49 million, Caledonian…
AMSTERDAM: OCI Global (Euronext: OCI) a leading global producer and distributor of nitrogen products today announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT. AGROFERT is a significant European nitrogen products manufacturer. The total consideration of the deal is EUR 290…
LONDON – PhillipCapital UK LTD has agreed to acquire wealth manager Walker Crips Group PLC WCGS.L in a recommended cash deal that values the London-listed company at approximately £5.96 million, the companies announced on Monday. The offer of 14 pence per share represents a premium of about 86.7% to Walker Crips’ closing price of 7.5 pence…
SYDNEY – Australian logistics giant Qube Holdings (QUB.AX) said on Monday it received a non-binding takeover proposal from Macquarie Asset Management valuing the company at an enterprise value of A$11.6 billion ($7.49 billion). The offer of A$5.20 per share in cash represents a 28% premium to Qube’s last closing price of A$4.07 on Friday. Shares…
PARIS – French industrial group Compagnie Chargeurs Invest said on Monday it has entered into exclusive negotiations to sell a majority stake in its protective films unit Novacel to U.S. investment firm KPS Capital Partners. Chargeurs intends to retain a 25% minority stake in Novacel and would use the cash proceeds from the all-cash deal…
BRUSSELS: Belgian pharmaceutical compounding firm Fagron said on Monday it had acquired the business of Poland’s Amara and Hungary’s Magilab to strengthen its position in the EMEA region, part of a strategy to diversify in dynamic markets. The company also said it had secured a new $225 million U.S. credit facility and received a key…
MAHWAH – Majesco, a leading cloud-native software provider for the insurance industry, has agreed to acquire Vitech Systems Group, a move that consolidates two key players in the insurance and retirement benefits technology sector. The acquisition, backed by Majesco’s private equity owner Thoma Bravo and a new minority investment from Vitech’s owner, CVC Capital Partners, aims…
LONDON – Eros Innovation, a global media and intellectual property company, announced on Thursday it has completed approximately $150 million in capital and strategic transactions to accelerate its transformation into an AI-driven entertainment platform. The deals include a $50 million primary investment led by Plenitude Capital and advised by Greenback Capital at the Dubai International…