Ecotricity makes fourth takeover bid of Good Energy for £60m July 22, 2021 Ecotricity has made a new higher offer in its takeover pursuit of fellow green energy supplier Good Energy, after a series of rejected offers since June. The latest cash offer, announced this morning, is at 340 pence per share, valuing the Chippenham-based company at around £59.5m. It marks a rise on Ecotricity’s initial indicative offer [...]
Cognizant acquires data specialist TQS Integration July 21, 2021 Cognizant announced its acquisition of Irish data intelligence firm TQS Integration, the fifth deal of 2021 for the global consultancy as it boosts its industrial data arm. The deal, announced yesterday, is expected to close in the third quarter of 2021 and will see Cognizant further develop its presence in Ireland. It is the latest [...]
Zoom to buy Five9 for $15bn in largest acquisition yet July 19, 2021 Zoom announces a $14.7bn deal to buy a cloud-based call center operator in its largest-ever acquisition, as competition in the video conferencing sector intensifies. Synonymous with the pandemic, Zoom has been a clear winner since everything from business meetings, classroom lessons and even office ‘drinks’ went virtual via the video conferencing platform. The California-based company has [...]
Exclusive: Financial services deal making climbing back up after subdued 2020 July 13, 2021 Deals in the UK financial services sector more than doubled in the first half of 2021, compared to the first six months of last year. Professional services giant Ernst & Young told City A.M. today that the UK financial services industry saw 121 deals in the first half of this year compared with 57 during [...]
Philip Morris to buy British inhaler specialist Vectura for £1bn July 9, 2021 Cigarette maker Philip Morris International will buy Vectura Group, a British pharmaceutical company, in a £1.05bn deal as it expands beyond tobacco, and into inhalers. Vectura had already agreed to a £958m deal with Carlyle Group in May but said it had withdrawn its backing for the offer which would have given shareholders 136p per share, [...]
Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns July 7, 2021 Spire Healthcare delays vote on £1bn Ramsay takeover as investors voice concerns
Ramsay sweetens the deal for Spire Healthcare takeover with higher bid July 5, 2021 Ramsay sweetens the deal for Spire Healthcare takeover with higher bid
Marlowe continues acquisitions spree to buy £17.2m healthcare company June 10, 2021 Marlowe, a specialist health and safety company, this morning announced the £17.2m acquisition of occupational health company Healthwork, marking it’s twelfth acquisition this year. The news swiftly follows Marlowe’s most recent acquisition just last week of fire safety and security service provider ACL for £7.3m. Marlowe said acquiring Healthwork, which employs over 80 clinical professionals, [...]
US healthcare data giants Datavant and Ciox strike $7bn merger deal June 9, 2021 Datavant and Ciox Health today announced they have agreed to merge. In a deal valued at $7bn, the combined company will become largest health data network in the US. The new company, named Datavant, will allow a secure exchange of data among its network of more than 2,000 US hospitals and 15,000 clinics. It will [...]
Domestic M&A retreats in first quarter after dealmaking wave at the end of 2020 June 8, 2021 Domestic UK M&A fell in the first quarter of 2021 after a flurry of dealmaking towards the end of 2020. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office [...]