LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million payable upon completion and an additional $10 million contingent on performance by April 2025.…
LONDON: CloudCoCo, a leading UK provider of managed IT services and communications solutions, has entered into a Share Purchase Agreement to sell the entire issued share capital of CloudCoCo Limited to Aspire Technology Solutions Ltd, for gross cash consideration of up to c.£9.2 million. CloudCoCo Limited is the Group’s IT managed services business. Proceeds…
LONDON: Mendell Helium has announced the conditional disposal of its plant-based health & wellness business, Voyager, to Orsus Therapeutics plc, a private label turnkey solutions provider specialising in developing, formulating, marketing & sales of health and wellness products for global brands. As announced on 27 June 2024, the company has an option to acquire…
LONDON: 3i Infrastructure plc has received a binding offer for its c.33% stake in Valorem, a leading independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors. Subject to acceptance of the binding offer, following consultation with Valorem’s employee representative bodies, company expects completion…
LONDON: The Board of Atrato Onsite Energy has entered into a conditional agreement for the sale of the entirety of its portfolio of solar assets to a joint venture vehicle owned by Brookfield and RAIM Apollo at a headline price of £218.7 million. Juliet Davenport, Chair of the Company, commented: “The Board was very…
LONDON: Versarien plc, the advanced materials engineering group, has completed a binding agreement for the sale of the company’s wholly owned subsidiary, AAC Cyroma Limited to Harper Bennett Limited for a total consideration of £550,000, subject to any adjustments arising from completion accounts. The consideration of £550,000 is payable in cash, in 16 equal…
LONDON: abrdn Property Income Trust Limited (API) has entered into a significant agreement with GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transaction includes the sale of 39 assets, representing API’s entire investment property portfolio, except for its interest in the land at Far Ralia.…
LONDON: National Grid plc has reached agreement with HM Government on the terms of the sale of National Grid’s Electricity System Operator (ESO) for an enterprise value of £630 million. The final cash consideration will be subject to customary closing adjustments (including for timing differences). The transaction is an important milestone for the creation of…
LONDON: Brooks Macdonald Group plc has entered into a binding agreement with Canaccord Genuity Wealth (International) Holdings Limited to sell its wholly owned subsidiary, Brooks Macdonald Asset Management (International) Limited and its subsidiaries (BMI), for a total consideration of up to £50.85 million, including an initial consideration of £28 million payable in cash. Completion is expected…
HGGC, a values-driven middle-market private equity firm with over $6.9 billion of cumulative capital commitments, today announced that it has signed a definitive agreement to sell AMI (or “the Company”) to investment firm THL Partners. Terms of the private transaction were not disclosed. The transaction is expected to close in Q4 2024, pending regulatory approvals.…
OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very…