Smart Metering Systems backed a 955p-per-share, all-cash offer from legendary US buyout firm KKR, priced at a premium of around 40% to yesterday’s close. If debt is included, the takeover is worth £1.4 billion.
SMS has been listed on London’s Alternative Investment Market since 2011. AIM is best known for floating smaller companies, but SMS has grown into one of the UK’s leading green firms since its floatation. Based in Glasgow, it offers a range of carbon-reduction technology, from smart meters to batteries and electric vehicle charging points. It was set up in 1995.
KKR has a long history of dealmaking and is best known for its leveraged buyout of RJR Nabisco in the late 1980s, then the largest ever deal of its kind and made famous in the book Barbarians at the Gate.
Diese Geschichte stammt aus der December 07, 2023-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 07, 2023-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The era of longevity is almost upon us. But can our minds really keep up?
A post-ageing world is just around the corner, says longevity scientist AUBREY DE GREY, and it’s going to change the way we live
Hidden London
SECRET SPOTS YOU SIMPLY HAVE TO DISCOVER
How Christian Louboutin fell in love with Melides in Portugal
The wild beauty of this seaside village charmed the French fashion designer so much that he made it his home
Actor Millie Bobby Brown romances in Hyde Park, feasts at Sheesh and buys thelot at Harrods
Interview with Actor Millie Bobby Brown
How will Arteta manage without influential Edu?
Arsenal need smooth transition between eras just like Man City
"I had no one in Manchester apart from my PlayStation"
Aaron Wan-Bissaka was a young man rated among the country's most promising footballers when Manchester United came calling in the summer of 2019.
The battle for the soul of Soho
Inside the war between London's porn baron family and the council they say is killing the vibe
At the table: Sad steaks seasoned with despair
Fetch the smelling salts, you're in for a shock: A Restaurant Critic Hates a Famously Terrible Restaurant. Low-hanging fruit? Perhaps.
Class portrait Nobody else writes about middle England so acutely
Tessa Hadley's first novella depicts women in refreshing ways
How a tiny cult radio station in Hackney took over the world
I think the most obscure place I've had a listener email from so far was probably a guy in the Yukon,\" laughs Flo Dill, the host of NTS Radio's flagship morning show.
