29th Dec 2025 07:37
(Alliance News) - International Personal Finance has agreed to a GBP543 million takeover, while Everyman Media says its chief executive has left the role with immediate effect.
Here is what you need to know before the London market open:
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MARKETS
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FTSE 100: called up 0.1% at 9,881.38
GBP: lower at USD1.3489 (USD1.3510 at previous London equities close)
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COMPANIES - FTSE 250
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International Personal Finance says it has agreed to a GBP543 million cash takeover from suitor BasePoint Capital. The provider of credit products and insurance services will be taken over at 235 pence per share. Shareholders will also be entitled to receive a final dividend of up to 9p per share. The 235p per share bid values IPF's entire issued and to be issued share capital at GBP543 million and it represents a 31% premium to its closing price back in late-July, before it entered an offer period. In September, IPF had received a 235p takeover proposal from BasePoint, sweetened from a 220p tilt back in July. BasePoint is a provider of asset-based financing and liquidity to "select specialty finance companies". IPF Chair Stuart Sinclair says: "The IPF board has been considering its options to ensure that the market value better reflects the business's opportunities and prospects, having consistently traded at a substantial discount to comparable international businesses over the past ten years. Whilst the board continues to believe in the strategy and long-term prospects of IPF on a standalone basis, we recognise that the acquisition allows IPF shareholders to monetise their entire investment for cash at a fair price. We believe that the business will benefit from BasePoint's ownership and its commitment to fulfil IPF's purpose of building a better world through financial inclusion." The acquisition is expected to be sealed in the third quarter of 2026.
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OTHER COMPANIES
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Everyman Media Group Chief Executive Alex Scrimgeour has left the post with immediate effect, the picturehouse operator says. Non-Executive Director Farah Golant takes on the CEO role on an interim basis, "until a permanent replacement has been found". "An external search process for a successor has begun and the board will provide an update as soon as practicable," Everyman adds. Golant has "experience across the global creative, entertainment, and media industries", the firm says. Non-Executive Chair Philip Jacobson says: "We would like to thank Alex for his commitment to Everyman throughout his tenure. He has played a pivotal role in the team that successfully led the business through its recovery from Covid, more than doubling revenue and delivering significant [earnings before interest, tax, depreciation, and amortization] growth. He has also built a strong and capable operational team."
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Health and wellness-focused firm Tooru hails a "year of progress and platform building". The AIM listing says it enjoyed "some exceptional retailer wins" during the period, including deals with Tesco and Co-op. "The group's leading branded gluten free producer, which recently launched its new retail brand, OAF, has continued to make excellent progress. Tesco sales remain strong and, at the same time, the company is in advanced discussions with regard to listing these products with other major supermarket chains," Tooru says. Snack bar brand Pulsin will now be stocked in 1,000 Co-op stores, meanwhile, up from 80 currently. It adds: "Pulsin's revenue recognised in September and October was, however, negatively impacted due to the disruption to product production, although orders have continued at historic levels and this revenue is expected to be recovered going forward with positive Ebitda still being achieved notwithstanding the recognised revenue shortfall." Tooru says it has completed a refinancing with Shawbrook Bank, in relation to the Juvela gluten free product offering. The facility has been upped to GBP3.9 million and extended to the end of 2030. "As part of this refinancing, an additional GBP500,000 has been advanced by Shawbrook Bank in order to provide Juvela with additional funds with which to support the development of its new OAF brand," Tooru adds.
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Invinity Energy Systems has hailed the first sale of its Endurium Enterprise offering, which launched earlier in 2025. The manufacturer of utility-grade energy storage systems says the deal sees Endurium deployed at Charles Murgat, an aquaculture business in France. "Endurium Enterprise is the latest addition to Invinity's product line and is specifically designed for commercial and industrial businesses looking to deploy proven, safe and cost-effective on-site energy storage to deliver low-cost, low-carbon electricity on demand. Commencement of the project remains subject to the receipt of relevant construction permits, which are expected to be received soon, with delivery of the batteries therefore expected during H2 2026," Invinity Energy says.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Invinity EnergyTooruEveryman MediaInter. Pers.