Hashtag: #BusinessMergers

Logic, CellOne Joining Together With New Name

Logic, CellOne Joining Together With New Name

[Written by Don Burgess] Logic and CellOne are about to get a new name. The two firms have become one and as part of their new branding will come a new name to operate under. The telecommunications giant said in an ad that people should “stay tuned for more info in the coming weeks.” This comes as the company was under fire from customers for service... Read more of this article

Cosmic Joins Forces With The Foundation

Cosmic Joins Forces With The Foundation

The Foundation has merged with Cosmic Ltd, and both companies will continue to trade as Cosmic Ltd, offering a service across branding, marketing, advertising, website development and support. “The merger has allowed Cosmic Ltd to strengthen its online services offering by expanding its Web Design, Development, Hosting and Management services,”... Read more of this article

Randall & Quilter Completes Acquisition Of SAC

Randall & Quilter Completes Acquisition Of SAC

Randall & Quilter Investment Holdings Ltd. [R&Q] announced the acquisition of Agency Program Insurance Company [SAC] Limited from its diverse base of predominately individual shareholders. APIC is registered as a Class 3 insurer and was incorporated under the laws of Bermuda on January 4, 2005. “The Company, which currently has 28 cells,... Read more of this article

Conyers Advises Markit: $13B Merger With IHS

Conyers Advises Markit: $13B Merger With IHS

Conyers Dill & Pearman advised Markit Ltd. on the Bermuda law aspects of its US$13 billion merger with IHS Inc. Markit Ltd. became the holding company for the combined groups and was renamed IHS Markit Ltd.. The merger was completed on 12 July and creates a global leader in critical information, analytics and solutions for major industries and markets... Read more of this article

Horseshoe Group Acquire IKONIC Fund Services

Horseshoe Group Acquire IKONIC Fund Services

Horseshoe Group acquired IKONIC Fund Services to form an independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets. The company said the transaction, which closed last week subject to customary regulatory approvals, will “further solidify Horseshoe’s stance as... Read more of this article

Butterfield Acquires Bermuda Trust Company

Butterfield Acquires Bermuda Trust Company

The Bank of N.T. Butterfield & Son Limited announced that it has completed the acquisition of Bermuda Trust Company Ltd and the private banking investment management operations of HSBC Bank Bermuda Limited. It was announced on 27 October 2015 that Butterfield had agreed to acquire those businesses and additionally take on select HSBC Bermuda private... Read more of this article

Regulatory Authority Approve ATN/KeyTech Deal

Regulatory Authority Approve ATN/KeyTech Deal

According to the minutes of the Regulatory Authority’s meeting held earlier this month, they have approved the ATN and KeyTech deal, and it will now head to the Minister for final approval. The minutes said, “It was resolved that the joint notification filed by ATN and KeyTech seeking the Authority’s approval of a proposed concentration... Read more of this article

Assured Guaranty To Acquire CIFG Holding

Assured Guaranty To Acquire CIFG Holding

Assured Guaranty Ltd. announced that its subsidiary Assured Guaranty Corp. [AGC] has entered into an agreement to acquire CIFG Holding Inc. [CIFG]. CIFG is the parent of financial guaranty insurer CIFG Assurance North America, Inc. [CIFG NA]. The acquisition is expected to be completed mid-2016, subject to receipt of anti-trust and insurance regulatory... Read more of this article

Bermuda Florists Demco And Petals Merge

Bermuda Florists Demco And Petals Merge

Two of the island’s florists have combined forces, with Demco merging with Petals, saying that the merger will “offer clients greater accessibility to resources.” Mrs. Carmen Phillips, President of Demco, said, “The distinctive style and philosophy of Petals is a natural complement to the extensive floral services we already... Read more of this article

PartnerRe Announces Completion Of Acquisition

PartnerRe Announces Completion Of Acquisition

PartnerRe Ltd. announced that the acquisition of the Company by EXOR has been completed in accordance with the terms of the merger agreement, previously announced on August 3, 2015. Under the terms of the merger agreement, common shareholders of record as of immediately prior to the effective time of the Merger are entitled to receive per share consideration... Read more of this article

PartnerRe Shareholders To Receive $42.7M

PartnerRe Shareholders To Receive $42.7M

In a filing with the Bermuda Stock Exchange, PartnerRe Ltd. announced that Preferred Shareholders will receive a total cash payment of $42.7 million in connection with the acquisition by EXOR. The filing stated, “PartnerRe Ltd. today [Feb 17] announced that the holders of its preferred shares will receive a cash payment of approximately $42.7... Read more of this article

Phoenix To Acquire The Complete Office

Phoenix To Acquire The Complete Office

The Phoenix Stores Ltd., through its subsidiary P-Tech Ltd., will acquire The Complete Office Ltd. which will see the island’s two leading consumer electronics providers amalgamate and join forces, the company announced today. iClick, an Authorised Apple Reseller, is also included in this transaction, however, will continue to trade under the name... Read more of this article

RA Invites Comment On KeyTech & CellOne Deal

RA Invites Comment On KeyTech & CellOne Deal

The Regulatory Authority of Bermuda is inviting the public to comment on the proposed KeyTech and CellOne deal, with the response deadline set for February 12th. Comments must reach the Authority no later than 4:00pm on 12 February 2016 to be considered. Comments can be sent to the Authority via email to kmasters@rab.bm, by post or by hand to: Kyle... Read more of this article