A conveyancing software program maker is in talks to hitch the rising exodus of firms from the London inventory market.
Sky News has learnt that AIM-listed Smoove has obtained a number of takeover approaches from unnamed suitors.
City sources mentioned on Monday that the corporate was engaged in discussions with at the least one potential purchaser.
Smoove is a minnow in market capitalisation phrases, with a valuation of lower than £20m.
It says its mission is to “revolutionise home-moving and ownership”, and had gross sales of simply over £10m within the first half of its monetary 12 months.
The firm made a pre-tax lack of £3m within the six months to 30 September.
Nevertheless, the information that it has obtained bid approaches provides its title to the queue of London-listed firms in talks about takeovers.
In current weeks, Dechra Pharmaceuticals and THG, the proprietor of Lookfantastic and MyProtein, have disclosed talks about bids from non-public fairness corporations.
John Wood Group, the oilfield providers supplier, has additionally entered discussions about a proposal from Apollo Global Management.
A Smoove spokesman declined to remark.
Content Source: information.sky.com