Buy and be bought – UK challenger banking market eyes up M&A

FirstRand, the South African financial services group, has confirmed plans for a takeover of Aldermore, the UK challenger bank aimed at SMEs. FirstRand has offered £1.1 billion in an “indicative proposal”, and the UK lender is expected to accept a firm offer at this level.

Cisco takes aim at the “future of work” market with BroadSoft deal

A $1.9 billion deal to acquire BroadSoft is a significant boost for Cisco to become a major player in the “future of work” market.

WeWork adds coding bootcamp to its $20 billion empire

WeWork, the office of choice for “cool” startups from San Francisco to London, has expanded its empire by acquiring Flatiron School, the coding bootcamp.

Another food delivery app bites the dust as Jinn fails to find a buyer

The food delivery app market is not for the faint of heart; cash burn is severe and the competition is even more brutal. As Jinn has closed up shop, the market for apps that hire a band of cyclists to pick up food on behalf of customers has lost yet another contender.

Once burned, Facebook is twice bold as it makes a grab for teen fave ‘tbh’

What does it take for Facebook to swoop in and buy your startup after it’s been running for just nine weeks? Five million downloads and 2.5 million active daily users will do it – that’s why Facebook acquired tbh.

Finally, wireless charging is having its Wifi moment

Wires are heading for the history books – Tim Cook said it himself when the Apple CEO announced its new cordless headphones last year: “Wireless is the future.”

TrueSpeed secures £75m from Aviva Investors

July 2017 was one of the most profoundly exciting months for UK digital infrastructure since EE launched its 4G network in October 2012, and once again Acuity’s Marcus Allchurch was right at the heart of the action.

VeriLocation acquired by Isotrak

On 27 June 2017 Isotrak and VeriLocation announced a transformational transaction within the European Fleet and Telematics market.

Acuity’s Marcus Allchurch wins Dealmaker award

We are proud to announce that Acuity partner Marcus Allchurch has won the Dealmaker award in The M&A Advisor’s Emerging Leaders Awards.

Akrion Systems LLC acquired by NAURA Microelectronics Equipment Co., Ltd.

NAURA Microelectronics Equipment Co. Ltd, a leading supplier of Semiconductor Capital Equipment headquartered in Beijing, China, has completed the previously announced acquisition of Akrion Systems LLC’s surface preparation business.