Activist investor revives Auction Technology Group campaign Business The notorious activist investor behind a failed bid to buy Auction Technology Group has revived its campaign against the FTSE 250 firm’s management, calling for a new chair and a strategic review that could result in a sale. Fitzwalter Capital, which is Auction Technology’s (ATG) largest shareholder, called on investors to oust incumbent chair Scott [...]
Fitzwalter backs off Auction Tech after hostile bidding campaign Merger/Acquisition Investment giant Fitzwalter has backed off Auction Technology Group after a hostile campaign between the two led to 13 different takeover attempts of the latter. The London-headquartered said on Monday ATG’s Board had unanimously rejected its proposed offer of 400 pence per share. The offer sat above the UK market median for similar cash transactions [...]
‘Extreme shareholder destruction’: Fitzwalter dials up assault on Auction Technology Group Merger/Acquisition Auction Technology Group management have been accused of overseeing a period of “extreme shareholder destruction” by its largest shareholder, in the latest salvo of a feud that has seen the auction platform provider rebuff 11 takeover approaches from the firm. In a blistering update to markets on Monday, Fitzwalter Capital said Auction Technology Group’s (ATG) [...]
Auction Tech fends off 11 takeover bids from largest shareholder January 5, 2026 Digital marketplace Auction Technology Group has fended off 11 hostile takeover bids from its largest shareholder. The London-listed tech firm said on Monday it had dismissed the latest offer from investment giant FitzWalter Capital, which valued ATG at 360p per share. ATG said the bid – which was received on 23 December – “fundamentally undervalued” [...]
Auction Technology Group shares tumble after debt-fuelled acquisition of Chairish August 4, 2025 Shares in Auction Technology Group tumbled on Monday after the firm added to its debt pile with the acquisition of furniture marketplace Chairish in a $85m (£64m) deal. The London-listed company said it had extended its revolving credit borrowing capacity to $275m alongside the deal, which was funded by a combination of cash and debt. [...]
TAG: Travel agent to Lady Gaga, Jay-Z and Foo Fighters books record sales ahead of £100m takeover August 30, 2024 Travel agent to stars including Lady Gaga, Jay-Z and Foo Fighters, The Appointment Group (TAG) saw its sales jump ahead of its £100m takeover earlier this year, according to newly-filed documents. The British company, which organises the tour itineraries of some of the world’s most high-profile musicians, saw its turnover increase to a record £54.1m [...]
Online auctioneer ATG posts revenue growth as Brits unlock value of art and antiques April 16, 2024 Online auction marketplace ATG recorded total revenue of $86m (£69m), up 6 per cent year-on-year and up one per cent on an organic basis.