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.
Denne historien er fra December 07, 2023-utgaven av Evening Standard.
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Denne historien er fra December 07, 2023-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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In the eye of the storm A rich account of Britain's political chaos
Tim Shipman’s fourth and final tome covers Johnson to Sunak, via Truss
Is this government full of amateurs?
Labour's hard landing has revealed a cabinet struggling with the basics
It's going to be weird when the national anthem plays, but I'm so proud to lead the United States
Emma Hayes closed the book on 12 trophy-laden years at Chelsea with her fifth consecutive Women’s Super League title in May.
Can Guardiola fix 'fragile' City after latest implosion?
Rebuilding his ageing side will bea greater challenge than building it in the first place for one of the greats
London wins battle of the global city brands again...
...but the capital still has plenty of work to do ifit wants to keep that crown
At home with...Earl of East
The duo behind the fragrance brand have made a Leyton new-build their sanctuary
How evolution evolved: the risks and rewards of gene-editing technology
INDIA BLOCKspeaks to paediatrician and TV writer Dr Neal Baer about the controversial advancement
This beloved take on Dickens is a joyful gift that keeps on giving
AIl through a bright, bitter winter day I was smiling because I was coming to see Jack Thorne's adapAtation of Charles Dickens's story again.
Market merrymaking
Bundle up in your warmest coat, hat and mittens to visit the best Christmas markets in the UK.
Festive favourites
Perfect your Christmas spread with a vibrant spin on a seasonal staple.
