LONDON: Bridgepoint Fund managed by Bridgepoint Advisers Limited (BAL) has reached agreement on the terms of a recommended cash offer to acquire the entire issued and to be issued ordinary share capital of Alpha FMC. Alpha FMC independent shareholders will be entitled to receive 505 pence in cash/share valuing the entire issued and to be…
LONDON: Shawbrook Group plc has signed an agreement to acquire JBR Auto Holdings Limited (JBR), a UK specialist motor finance lender focused on high-end vehicles. Subject to satisfaction of the conditions precedent to the acquisition, completion is expected to take place in Q3 2024. The acquisition not only broadens Shawbrook’s offering within the regulated motor…
TORONTO: Healwell AI Inc. (OTCQX: HWAIF), a healthcare technology company focused on AI and data science for preventative care, has entered into an agreement to acquire VeroSource Solutions Inc., a multi-service technology enterprise focused mainly on providing both products and consulting services for total consideration of approximately $24.5 million. A significant portion of the consideration…
LONDON: Oxford Instruments plc, a leading provider of high technology products and services to industry and scientific research communities, has entered into an agreement to acquire FemtoTools AG, a developer of nanoindentation instruments. Completion is subject to certain closing conditions which are expected to be satisfied within the next four weeks. Based in Zurich, Switzerland,…
NEW YORK: Lightpath, a leading all-fiber connectivity provider, has announced the signing of a definitive agreement to acquire the assets of United Fiber and Data (UFD). The acquisition, pending regulatory approval, is slated for completion in Q3 of 2024 and is set to enhance Lightpath’s network reach and service offerings. UFD, known for its high-fiber…
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and…
PARIS: Axway announced that on May 31, 2024 it has signed an agreement to acquire most of Sopra Banking Software’s activities, representing, on a stand-alone basis, revenue of €359m. Axway’s Board of Directors approved the signing of the purchase agreement on the basis of a review by an independent expert (Cabinet Finexsi, whose report is…
SYDNEY, AUSTRALIA: Generation Development Group Limited (ASX:GDG) has entered into a binding agreement to acquire the remaining 61.9%of Lonsec Holdings Pty Ltd’s fully diluted share capital not already owned by GDG for $197.4 million up-front consideration. Following GDG’s highly successful investment in Lonsec in 2020, a move to 100% ownership provides an opportunity for GDG…
AYSDNEY, AUSTRALIA: Intelligent Monitoring Group Limited (IMG) entered into binding sale and purchase agreements to acquire two key entities: Everjazz Pty Limited (also known as the “Alarm Assets Group” or “AAG”) and ACG Integration Pty Ltd (ACG). IMG will acquire all the shares in AAG and ACG from separate private vendors. The cash consideration for…
SYDNEY, AUSTRALIA: DGL Group Limited (ASX:DGL) announce the proposed acquisition of Enlog Pacific Holdings Pty Ltd (Enlog), a specialist logistics business covering highly regulated materials and industrial services, subject to regulatory approvals. Enlog Pacific, which commenced operations in 1990, specializes in freight and logistics services for the safe management and transport of hazardous materials. Operating…
OSLO, NORWAY: ABL Group has entered into an agreement to acquire 100 percent of the shares of specialist energy consultancy Ross Offshore from Moreld Group. The transaction values Ross Offshore at NOK 100 million (equivalent to USD 9.2 million at current FX rates) on a cash and debt free basis, based on locked box accounts…
SYDNEY, AUSTRALIA: Southern Cross Electrical Engineering Limited (SCEE Group) has executed a Share Purchase Agreement to acquire 100% of MDE Group Pty Ltd (“MDE”) for an enterprise value of up to $10.55m. Completion is expected to occur by the end of May 2024. Founded in 2006 and based in Sydney, MDE Group provides communications, data,…