- Intellectual property business IP2IPO is planning a £100m float on Aim within the next few weeks. IP2IPO, which was set up to commercialise academic research, has partnerships with universities that give it stakes in the profits from licensing intellectual property in return for early funding and management know-how. The business is currently owned by investment bank Evolution Group.
- GE Corporate Financial Services has announced the outright purchase of corporate finance solutions company NMB Heller Ltd UK from its Dutch parent. The transaction will transfer £645m in assets to GE Corporate Financial Services’ £5.5bn asset portfolio in Europe. GE said the deal would enable it to offer a broader portfolio of working capital solutions.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.