Corporate Finance News

Animalcare Group has completed the acquisition of Australian equine veterinary business, Randlab, for £62.2m. The York-based supplier of veterinary pharmaceutical products used cash from existing resources and committed debt facilities, as well as £20m, to fund the deal, which was announced last month #animalcaregroup #randlab #investment #acquisition

A private investor has bought a 50% stake in the UK-based renewable energy company, Ethical Power Group. Greg Skinner completed the acquisition on 31 December for 50% of the shares in Ethical Power from Hive Energy #ethicalpower #investment #finance #renewableenergy

Volex has announced that it is set to pay the first tranche of a deferred consideration of €10m (£8.3m) and issue over 2.8 million shares, following the acquisition of Turkish firm, MURAT TICARET KABLO SAN.A.S.. After the UK-based manufacturer of critical power and data transmission products acquired the Turkish manufacturer of wiring harnesses and battery cables, Murat Ticaret exceeded the EBITDA targets set under the acquisition agreement in the 12 months immediately after the acquisition #volex #acquisition #muratticaret #payout #tranche

Coventry Building Society has completed the acquisition of The Co-operative Bank plc Bank. The deal, estimated to be valued at £780m, will take Coventry’s total assets to £89bn and 4.5 million members and customers across the UK #coventrybuildingsociety #coopbank #acquisition #investment #banking

John Wood Group has completed the sale of its stake in EthosEnergy Group for $138m (£111.1m). The sale has been made to One Equity Partners, with $42m of prior planned loan notes replaced by an additional cash consideration at completion #johnwoodgroup #ethosenergy #sale #stake

ATG (Auction Technology Group) has appointed Sarah Highfield as its new chief financial officer (CFO). She is set to succeed Tom Hargreaves, who is stepping down to take up a new position with a private equity-backed company #atg #chieffinancialofficer #cfo #appointment

Vodafone has completed a deal worth €8bn (£6.7bn) to offload its Italian operations to Swisscom AG. The UK mobile network operator confirmed it would use the proceeds from the sale to reduce its net debt and said that the Vodafone board would be targeting to return up to €2bn (£1.7bn) to shareholders #vodafone #swisscom #telecommunications #sale

As we start to turn our eyes towards 2025, we have rounded up our most read stories on Corporate Finance News in 2024 #corporatefinancenews #mostread #news #roundup #2024

The General Council of the Bar (GCB) Pension and Life Assurance Fund has completed a £20m buy-in with Pension Insurance Corporation plc (PIC), covering the benefits of 103 members. The buy-in, which was completed and signed within 10 weeks of PIC receiving the scheme data, was the first transaction completed using Mosaic, PIC’s streamlined service for pension schemes with assets under £100m #gcb #pension #buyin #PIC #investment

Aviva has finalised its agreement to buy insurance rival Direct Line Group in a deal worth up to £3.7bn. Under the terms of the deal, Direct Line shareholders will receive 0.29 new Aviva shares, 129.7p in cash and up to 5p in dividends per share #aviva #directline #acquisition #investment #insurance