News & Deals
Month: January 2019
Manchester-based investment firm AJ Bell has hit the £1bn value mark for the first time. The company floated on the stock market at the tail end of last year, and was valued at £650m. Since then, AJ Bell has added over 7,000 extra customers, and at close of play on Tuesday was valued at 285p […]
Tritax has agreed a deal worth £370m to acquire an 87% stake in logistics development company db Symmetry. The large land portfolio for the development of big box assets comes from over 20 years in the business. As a result of the agreement, senior management at db Symmetry retain a 13% stake. Tritax proposes raising […]
The sale of Sage Payroll Solutions, the US-based payroll outsourcing subsidiary of enterprise software juggernaut Sage, to iSolved, has been agreed for £78m. The HR software specialist falls in the portfolio of private equity company Accel-KKR. They have agreed a £73m cash payment for SPR as well as £5m for contingent consideration. As a result […]
Nationwide Platforms, a subsidiary of the Loxam group, has completed the purchase of UK platforms from national tool hire business HSS Hire. The transaction has been lined up for completion after its agreement in July of last year. As a result of this sale, HSS Hire will use the proceeds for debt reduction. It will […]
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