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TRADING UPDATES: Mattioli Woods proposes acquisitions and fundraise


TRADING UPDATES: Mattioli Woods proposes acquisitions and fundraise
Wed, 26th May 2021 19:50
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Mattioli Woods PLC - UK-based wealth management services provider - Proposes acquisition of Maven, a leading private equity investor in UK SMEs and alternative asset manager for GBP100.0 million. Proposes acquisition of Ludlow Wealth Management, a financial planning business in the North West of England with assets under advice of GBP1.6 billion, for up to GBP43.5 million. Says acquisitions in line with its strategy to accelerate growth through strategic acquisitions while enhancing organic growth opportunities; adding scale, distribution and product . Says acquisitions are expected to be earnings accretive in the first full year of ownership. Proposes fundraise via share issuance at fixed price of 660 pence per share to raise G ....

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IL&FS sells waste management business to Everstone arm; to reduce Rs 1,200 crore debt


IL&FS sells waste management business to Everstone arm; to reduce Rs 1,200 crore debt
The crippled IL&FS - which is under bankruptcy proceedings in NCLT - said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group s environment businesses
PTI | April 8, 2021 | Updated 10:22 IST
Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to EverEnviro Resource Management (EverEnviro), an arm of the PE major Everstone Group, the companies said in separate statements.
Though the value of the deal was not specifically disclosed, the crippled IL&FS - which is under bankruptcy proceedings in NCLT - said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group s environment businesses. ....

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