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Situations

Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.

A company or its board looking for a buyer.

Thursday

  1. Sale process Arc Minerals Limited ARCM£14m new

    Kabompo West strategic partnership

    After the Settlement Agreement reached in the previous quarter, Arc is running a dual-track strategy at Kabompo West in Zambia.

    Track 1 Advanced discussions with a shortlist of large mining …Track 2 Review of geological, geophysical and drilling database, …
    Next Update on partnership talks and project review −12% since 22 Oct · moved 22 Oct
  2. Sale process Bloomsbury Publishing BMY£505m new

    Sale of Who’s Who and Osprey Games

    Bloomsbury decided earlier in 2026 to sell Who’s Who and Osprey Games, both in Special Interest. The 22 Oct 2026 interims say sale processes have begun; Consumer margin was 9.5%, or 11.6% excluding Special Interest.

    Stage Sale processes begunBusiness sold Who’s Who and Osprey Board Games (Special Interest, …Status Sale processes begun
    Next Outcome of sale processes −8% since 22 Oct · moved 22 Oct

Tuesday

  1. Sale process GB Group GBG£354m new

    Strategic options for Global Fraud Solutions

    On 20 October 2026 GBG said the non-core Global Fraud Solutions business, about 5% of revenue, declined more than expected on licence renewal timing, churn and fewer new wins. It is still assessing strategic options;

    Business Global Fraud Solutions, non-core, c.5% of total revenueTrading declined more significantly than expected in 1H27
    Next Outcome of the strategic options assessment +2% since 20 Oct · moved 20 Oct

Earlier this month

  1. Sale process YouGov YOU£314m

    Shopper strategic review

    YouGov began a strategic review of Shopper in March 2026 to unlock long-term value. On 13 Oct 2026 it said the review is ongoing with no outcome given.

    Stage Review ongoing; no outcomeShopper H1 profit £6.8m adjusted operating profit (HY25: £13.9m)Incremental investment £6m expected in FY26
    Next further update on the review +58% since 24 Mar · moved 13 Oct
  2. Sale process NAHL Group NAH£22m

    Strategic options for shareholder value

    Review of options to accelerate shareholder value began in May 2026. The first disposal, Searches UK, has now completed. Capital allocation policy is under review and net cash is expected by end October 2026.

    Price £1.2m · 5.9% of market value
    Next Further updates in due course; capital allocation policy review +37% since 7 May · moved 8 Oct
  3. Sale process Real Estate Investors RLE£54m

    Possible sale of entire portfolio

    Management remains open to a corporate transaction that could provide a more rapid conclusion to its stated disposal and wind-down strategy, provided that it delivers attractive value for …

    Price £26.9m · 47.3% of market value
    −5% since 14 Jan · moved 30 Sep

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.

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