Midlands Ireland’s Post

Three rural Saskatchewan credit unions, Cypress Credit Union, Prairie Centre Credit Union, and Diamond North Credit Union are moving towards a merger. Voting for membership will take place in September, with Jan. 1, 2025, targeted for the merger if approved by regulators. "This [merger] is going to allow us to bring more long-term stability," said Blair Wingert, CEO of Prairie Centre Credit Union, who would become CEO of the proposed credit union. "It will allow us to be more competitive in the market as well as staying current [by] being able to provide the updated technology and some of the services we see coming down the pipeline the next few years." Read here to learn more: https://bit.ly/3Vimzl5 #canadacreditunions

Shareholders approve £2.5bn Barratt and Redrow merger Barratt Developments plc and Redrow’s #shareholders have overwhelmingly approved the anticipated #merger of the two large #housebuilders. The combined business would create a mega #housebuilder turning over £7.45bn and delivering over 22,600 homes a year, based on past #performance. The deal remains subject to clearance by the UK competition Watchdog which has launched a preliminary #investigation into whether the formation of would see a substantial lessening of #competition within any #market or markets. Under the proposed deal, #Redrow shareholders will hold 33% of the combined group and #Barratt shareholders 67%.  Barratt said the deal would allow for £90m in cost-saving #synergies and offered #opportunities to consolidate the supply chain. Combined the business, which retains the three brands – Barratt, WILSON HOMES and Redrow – would have net cash of £874m.

Mergers & Acquisitions - Barratt Developments plc and Redrow shareholders approve £2.5bn merger #Barratt and #Redrow’s shareholders have overwhelmingly approved the anticipated merger of the two large #housebuilders. The combined business would create a mega house builder turning over £7.45bn and delivering over 22,600 homes a year, based on past performance. The deal remains subject to clearance by the UK competition watchdog which has launched a preliminary investigation into whether the formation of would see a substantial lessening of competition within any market or markets. Under the proposed deal, Redrow shareholders will hold 33% of the combined group and Barratt shareholders 67%. Barratt said the deal would allow for £90m in cost-saving synergies and offered opportunities to consolidate the supply chain. Combined the business, which retains the three brands – Barratt, David Wilson Homes and Redrow – would have net cash of £874m. https://lnkd.in/efCeKN3e

News just in ❗ Hawthorn Timber and Cheshire Mouldings have merged to form Summit Timber Group; a national leader in timber products 🗞️ Well done to the WBD corporate and banking teams for their work throughout this merger 🖱️ https://ow.ly/2igV30sIb6p

A tale of two mergers: What do the completion of Barratt-Redrow and the collapse of Bellway-Crest Nicholson mean for Labour’s housebuilding plans? With Barratt and Redrow joining forces in the first deal of what some expect to be a wave of industry consolidation, Joey Gardiner looks at whether the ground-breaking merger is likely to help or hinder the government’s chances of hitting its sky-high 1.5m housebuilding target #UKhousing

CUCollaborate recently launched a new Merger Network. The Network fixes everything that is wrong with credit union mergers today. Most importantly, it ensures mergers are in the best interest of the members of the acquired credit union. We accomplish this by putting credit unions exploring being merged away in the driver's seat as we run potential acquirers through a competitive transparent data driven process rooted in measuring how the merger would benefit the members of the acquired credit union financially. Additionally, we want to replace every charter lost through mergers with at least one new credit union, so instead of charging acquirers a "success fee" we require acquirers to make a donation, equivalent of a brokerage fee, towards providing capital to de novo credit unions. Beyond this we are working on another innovation that I believe will permanently solve/remove the challenge groups trying to charter a new credit union face trying to raise donated capital. Hopefully I can announce that in the coming weeks!

Bonyan acquires prime offices in Park Street West bringing its acquisitions of grade A offices in the last 12 months to 8258 sqm BONYAN #fintech_Gate https://lnkd.in/eXJz4Rtk

I need your help please 🙏 Over the last 2 years Fairstone have welcomed 29 new DBO partner firms across the UK and Ireland 🤝 That's an additional £4.1bn AUM, £12.2m acquired EBITDA and 177 new advisers. Plus 11 full acquisitions over that period! 🙌 Partner ➡ Grow ➡ Create premium capital ➡ Remain advising I am extremely proud of our success and with the power of social media and my 8,000 strong LinkedIn network, I'm hoping we can push this post far and wide 📣 Would you be kind enough to like & repost 👍 #Fairstone #Independent #Chartered #Leading #FinancialAdvice #Acquisitions #Acquirer #GrowthPartner #NewClients #GrowthFunding #ConsultancySupport #ProprietaryTech #PartnerAndGrow #SellAndStay #ProtectClients #StaffSecurity #NoWholeSaleChange #RetainPlatformsAndInvestmentSolutions

"Strategically this small acquisition is quite consistent with UCB's interest in moderate-sized bank mergers while keeping a keen focus on organic growth of new lower-cost Deposits and commercial loan relationships. This builds further long-term value in Florida and the overall company franchise."

🚀 Barratt-Redrow Merger Gets Green Light 🚀 Exciting news in the housing sector! The £2.5bn merger between homebuilders Barratt and Redrow has finally received approval from the Competition and Markets Authority (CMA). This merger paves the way for substantial savings and innovation in supply chains, projected to save around £90m. Barratt Redrow, the new entity, was formed after the CMA's concerns about local competition in Shropshire and Cheshire were addressed, ensuring the market remains fair for everyone. David Thomas from Barratt and Matthew Pratt from Redrow will steer this new powerhouse. They aim to deliver high-quality, sustainable homes across a range of price points, benefitting from enhanced supply chain visibility and quicker development timelines. This merger marks a significant milestone, promising exciting developments ahead! What do you think about this merger and its impact on the housing market? Let's discuss in the comments! www.alexander-assoc.co.uk robert.fox@alexander-assoc.co.uk 07881247542 #HousingMarket #ConstructionNews #BusinessGrowth