SmartestEnergy has announced that they have acquired the Sussex-based energy supplier, Dual Energy. The deal enables SmartestEnergy to take their customer service to smaller businesses with Non-Half Hourly meters, laying the foundations for the transition to net-zero. Dual Energy are a small business supplier with a focus on installing smart meters to improve the quality…

Professional services insolvency consultancy Begbies Traynor has acquired London-based insolvency and business recovery practice Alexander Lawson Jacobs (ALJ) for an initial consideration of £2.35m. Begbies said the acquisition of ALJ, a well-established firm ranked as a top 20 UK insolvency practice, was in line with its strategy to increase the scale and market share of…

Just Energy Group Inc and Shell Energy Retail have announced that they signed an agreement for Shell Energy Retail to acquire 100% of Hudson Energy Supply. Hudson Energy supplies around 200,000 UK residential customers with gas and 100% renewable electricity through its residential trading arm, Green Star Energy, as well as providing bespoke gas and…

The merger between Charter Court Financial Services and OneSavings Bank has been completed. The deal unites the specialist mortgage brands of Kent Reliance and Precise Mortgages however both will continue to operate as separate brands. Charter Court, owner of Precise Mortgages, stakeholders will own 45% of the combined group whilst OneSavings Bank, owner of Kent…

The Competition and Markets Authority (CMA) has raised competition concerns over the merger of Bottomline and Experian Payments Gateway (EPG) Both companies provide payment software used by businesses every day to submit direct debits, run payroll and pay suppliers. This directly connects to the UK’s Bankers’ Automated Clearing Services (Bacs) scheme Bacstel-IP service and Faster…

Begbies Traynor Group has acquired Exeter-based advisory practice Regeneratus Consulting 1, the deal is Begbies Traynor’s third acquisition this year. In March, it acquired the Newcastle upon Tyne insolvency practice, KRE Corporate Recovery, and in June it bought up Dunion & Co, an insolvency firm in Stoke on Trent. Regeneratus, which was founded in 2016…

SSE has announced that it has entered into an agreement to sell its SSE Energy Services business to Ovo Energy at an enterprise value of £500 million comprising £400m cash and £100m in loan notes, Alistair Phillips-Davies, Chief Executive of SSE, said “We have long believed that a dedicated, focused and independent retailer will ultimately…

Sovereign Capital Partners, the private equity Buy & Build specialist, has announced that portfolio company Bristow & Sutor, the nationwide judicial services and debt recovery group, has acquired debt collection agency (DCA) Credit Style. Bristow & Sutor was acquired by Sovereign in a management buy-out of the business in June 2017. Established in 1977 and…

Midcounties Co-operative Energy (Co-op Energy) and Octopus Energy have announced a new partnership. The deal struck between Octopus and Co-op Energy will see the former acquire 300,000 more customers, with Co-op Energy retaining the brand. As part of the deal, the Co-op Energy brand will be retained and Octopus will take on ownership and responsibility…

Global technology company, Pitney Bowes, a provider of solutions for e-commerce, shipping, mailing, data, and financial services, has announced that it has entered into a definitive agreement to sell its software solutions business to Syncsort for $700 million in cash. The transaction is expected to close before the end of the calendar year, pending regulatory…

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