News > Financial

14th July 2021

£400M Diagnostics and Life Sciences Sale Wins Deal Of The Month

The sale of BBI Group, a South Wales-headquartered supplier of products and services to the diagnostics and life sciences industries, has won Deal of the Month for June. Private equity firm Exponent has reached an agreement to sell BBI Group  to Novo Holdings A/S, a global life sciences investor. Founded in 1986, BBI provides critical…

09th July 2021

Financial Services Team Expansion At Capital Law

Cardiff and London-based Capital Law has bolstered its financial services team with a series of new hires. The appointments have joined the firm’s other 15 financial services lawyers, who have expertise across the FinTech, InsurTech and financial services sectors, alongside cryptoassets and blockchain, banking and insurance. Charlotte Gregory has joined the firm from Browne Jacobson as a…

06th July 2021

Creo Complete Purchase Of Freehold Site For £4.25M

Creo Medical Group has completed the freehold purchase of its Chepstow headquarters and an adjacent site. The medical device company, which focuses on the emerging field of surgical endoscopy, has secured the site from the original developer Fastnet Property Investments Ltd. Creo exchanged contracts to acquire the freehold interest for its headquarters and the adjacent…

16th June 2021

Welsh MedTech Firm Nominated for ‘Nobel Prize’ for Engineering

Welsh MedTech innovation revolutionising cancer care announced as one of three finalists for most prestigious UK engineering award Creo Medical, the company behind an innovative and disruptive new suite of advanced energy, minimally invasive electrosurgical devices, has been named as one of three companies shortlisted for the 2021 MacRobert Award. The Chepstow based business designs…

16th June 2021

Diagnostics and Life Sciences Firm Sold in £400M Deal

Mario Gualano, group chief executive of BBI Group A deal has been agreed for the sale of a South Wales-headquartered supplier of products and services to the diagnostics and life sciences industries for an enterprise value in excess of £400m. Private equity firm Exponent has reached an agreement to sell BBI Group  to Novo Holdings A/S,…

07th June 2021

How Can Wales Become a Hub for Digital Transformation?

In this Business Insights Digital Discussion with Box UK, two leading experts discuss the rapid development of digital services in businesses throughout Wales, the benefits and challenges of these businesses adopting new digital approaches, and the potential for Wales to become a leader in this area. Benno Wasserstein, Managing Director of Software Development and Digital Consultancy Box…

03rd June 2021

Jiva.Ai Completes £1.3M Seed Funding Round

Jiva.ai Raises £1.3M for Prostate Diagnostics and AI Platform Expansion   £1.3M seed financing raised from VC, state-aid backed entity and angel investors. The capital will be used to grow the team and productionise the existing prostate cancer work as well as build a general purpose multimodal AI platform. The platform will be additionally applied…

26th May 2021

Development Bank of Wales Provides Funding to New Care Home Business

Front: Shah Seehootoorah, Nicky Seehootoorah. Back: Emily Jones, Ruby Harcombe Development Bank of Wales has provided £750,000 funding to support a newly established residential care home operator. Shah and Nicky Seehootoorah, who have extensive experience in specialist dementia and elderly mentally infirm (EMI) care, have established Banyan Care Homes Ltd to purchase White Rose Care Home…

26th May 2021

Creo on track to beat 2021 revenue expectations

Chepstow-based Creo Medical Group is on track to beat expectations for 2021 revenue following a strong first quarter. In a trading update, the listed medical device company said revenue for the year ending 31 December 2021 was set to be at least 10 per cent ahead of current market expectations of £20.1m. It follows a…

26th May 2021

Rutherford Draws Down Remaining £15M Infrastructure Investment

Cancer care group Rutherford Health has said the conditions have been met for it to draw down the balance of £15m from its £40m infrastructure investment agreement with Equitix Investment Management. The investment is backed by the freehold transfer of the Rutherford Cancer Centre South Wales and supported by other security to be put in…