Chinese investment firm buys Imagination Technologies

Leading UK technology company Imagination Technologies is being acquired by a Chinese investment firm in a multi-million pound deal. CBFI Investment Limited (owned by Canyon Bridge) is shelling out £550m to acquire the hardware maker, based in Kings Langley just outside of London, the parties confirmed late last week. The CBFI Investment Limited (newly incorporated company owned by the Canyon Bridge Fund) and Imagination’s board of directors agreed on a recommended cash acquisition by which the entire Imagination’s issued and to be issued ordinary share capital will be acquired by CBFI. The price agreed is 182 pence per Imagination share. CBFI won’t… [Continue Reading]