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
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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 -
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 begunNext Outcome of sale processes
Tuesday
Earlier this month
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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 FY26Next further update on the review -
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 valueNext Further updates in due course; capital allocation policy review -
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
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.