LONDON – Christie Group plc (CTG.L), announced that on 19th December 2025 it entered into an agreement to dispose of the business and assets of its visitor attraction software business, Vennersys, to Digital Ticketing Systems Limited (“Digitickets”). The consideration is structured on an initial cash consideration of £0.5m payable upon completion of the sale, and…
Tag: strategic review
XenoTherapeutics to acquire Repare Therapeutics in all-cash deal
CAMBRIDGE — Repare Therapeutics Inc (RPTX.O), a clinical-stage precision oncology firm, said on Saturday it has agreed to be acquired by nonprofit biotech XenoTherapeutics Inc and its affiliate Xeno Acquisition Corp in an all-cash transaction that includes contingent value rights (CVRs) tied to future proceeds. Under the terms of the definitive arrangement agreement, Repare shareholders…
Fragbite Group to sell Playdigious SAS for EUR 10.5 million
STOCKHOLM: Fragbite Group AB has today signed an agreement to divest all its shares in subsidiary Playdigious SAS for a consideration of EUR 10.5 million, corresponding to approximately SEK 115 million, on a cash-free, debt-free basis. The net consideration is paid in cash. In addition, Fragbite Group obtains 90 percent of the net revenue from…
Centaur Media agrees for the sale of Marketing Week and Creative Review
LONDON: Centaur Media Plc has signed an unconditional sale and purchase agreement with Haymarket Media Group Limited for the sale of MWCR Limited, being the operating company of Marketing Week, Festival of Marketing and Creative Review, for an enterprise value of £3.9 million. Martin Rowland, Executive Chair of Centaur, commented: “Today’s announcement represents further progress…
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…
Horisont Energi to wind down operations amid market headwinds
SANDNES: Norwegian clean energy developer Horisont Energi AS said on Friday it will begin an orderly wind-down of operations by the end of September, citing persistent market headwinds and a failure to secure strategic investment. The company, which spun off its Barents Blue ammonia project in June, has struggled to attract capital for its remaining…
Aegon swings to profit in 1H 2025; Eyes U.S. relocation amid strong capital position
Company reported a net profit of €606 million for the first half of 2025 THE HAGUE: Aegon N.V. reported a net profit of €606 million for the first half of 2025, reversing a €65 million loss in the same period last year, as the Dutch insurer posted strong operating results and announced a strategic review…
Gemfields to sell Fabergé to SMG Capital for $50 million
LONDON: Gemfields Group Ltd. said Monday it has signed an agreement to sell its entire interest in Fabergé Limited, the iconic luxury brand, to SMG Capital LLC for $50 million. Under the terms of the deal, $45 million will be paid to Gemfields upon completion, expected on Aug. 28, 2025. The remaining $5 million will…
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…
James Cropper FY25 profit rises despite revenue dip; CEO unveils growth strategy
LONDON: British advanced materials and packaging group James Cropper Plc (AIM: CRPR) reported a higher annual adjusted profit before tax on Thursday, supported by cost discipline and a strategic shift under new CEO David Stirling. For the year ended March 29, 2025, adjusted profit before tax rose 77% to £1.3 million, driven by lower depreciation…
Auddia names new CEO; Forms special committee to explore business combination
BOULDER: Auddia Inc. (NASDAQ: AUUD), a developer of AI-driven audio technologies, announced Tuesday that Jeff Thramann has succeeded Michael Lawless as chief executive officer, mar,king a leadership transition as the company explores a potential restructuring into an AI-native holding company. Lawless, who led Auddia and its predecessor Clip Interactive for 13 years, is retiring. Thramann,…
MedAdvisor finalizes $42.35 million sale of ANZ operations to Jonas Software, CFO to depart
MELBOURNE: MedAdvisor Limited (ASX: MDR) has completed the sale of its Australia and New Zealand (ANZ) business operations and associated intellectual property to Jonas Software AUS Pty Ltd in a deal valued at up to $42.35 million. The transaction, finalized after market close on July 4, includes the transfer of MedAdvisor’s main Australian operating entity,…