Mike Ashley’s Frasers Group, known for owning brands like Sports Direct, House of Fraser, and Flannels, has made an £83m offer to buy the remaining 63% of luxury British handbag maker Mulberry. This move comes after Mulberry’s financial struggles, highlighted by a sharp drop in sales and a significant pre-tax loss. The acquisition bid has...Read More
In a significant development for the UK retail landscape, Topshop, the iconic British fashion brand, could be set for a return to the high street after Asos sold its 75% stake in the brand for £135 million in a joint venture with Heartland, representatives of the Holch Povlsen family. The deal, announced recently, signals the...Read More
In a major strategic move within the evolving fintech landscape, Visa has announced the acquisition of UK-based fintech company Currencycloud for approximately £500 million. This acquisition underscores Visa’s ambition to expand its capabilities in cross-border payments, leveraging Currencycloud’s innovative technology to create a more efficient international payment ecosystem. The deal involves the transfer of Currencycloud...Read More
In a strategic move aimed at consolidating its position in the built environment and construction technology sector, Glider, a leading provider of digital asset management solutions, has acquired EDocuments, a digital documentation company specialising in information management for the construction and infrastructure industries. The deal, reportedly valued at £45 million, includes an estimated EBITDA multiple...Read More
Paul Marshall, co-founder of Marshall Wace and investor in GB News, has acquired TheSpectator for £100 million. The deal transfers the 196-year-old magazine from the Barclay familyto Marshall’s media group, OQS. The acquisition comes at a time of significant consolidation inthe UK’s media landscape and represents a shift towards greater investment in the future of...Read More
In a landmark deal, DSV has completed the acquisition of Deutsche Bahn’s logistics division, DB Schenker, for €14.3 billion. This significant transaction is set to reshape the global logistics landscape and strengthen DSV’s position as a leading player in the industry. Who are the 2 companies? DSV, headquartered in Copenhagen, Denmark, is a prominent global...Read More
Acquisition Announcement and Background Oakfield Estate Agents recently made headlines with its acquisition of the esteemed Rowland Gorringe estate agency, a move that solidifies its presence in East Sussex. This acquisition entails the absorption of Rowland Gorringe’s offices in Lewes, Uckfield, and Heathfield, marking a significant expansion for Oakfield within the region. The Transition The...Read More
Cartmell Shepherd Solicitors Strengthens the Northern Footprint Cartmell Shepherd Solicitors, a prominent legal firm, has significantly expanded its presence in the North of England through the acquisition of Nicholson Portnell Solicitors, a well-established firm based in Hexham. This strategic move marks a pivotal moment in Cartmell Shepherd’s growth trajectory, enhancing its operations in the Tyne...Read More
LSL’s Financial Services Arm Acquires John Charcol LSL’s financial services arm, Pivotal Growth, has made a significant move in the mortgage industry by acquiring John Charcol, one of the UK’s most reputable and enduring mortgage firms. This acquisition marks a strategic advancement for LSL, known for its prominent estate agency brands such as Reeds Rains...Read More
A Strategic Move for Growth Preston-based bakery powerhouse, BAKO Group, recently made headlines with its acquisition of James A. S. Finlay Limited, trading as Finlay’s Foods, located in Craigavon, County Armagh. This strategic move marks a significant expansion for BAKO Group, unlocking new markets and growth opportunities, particularly in Northern Ireland and beyond. The Players:...Read More
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