Tialis has announced an all-equity £7.1m acquisition of a 50% investment stake in MXLG, a joint venture between MXC JV and Liberty Global providing IT services to UK SMEs, conversion of £0.3m unsecured convertible loan notes and confirmation of the Allvotec £1.6m deferred consideration (equity). The acquisition of the MXLG 50% stake is its third acquisition following launch of the investment strategy in profit and cash accretive targets in July. The investment further expands Tialis’s position i ....
