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Intuitive Investments Group Plc (LSE:IIG) completed the acquisition of Acceler8 Ventures Plc (LSE:AC8) in a reverse merger transaction.
Intuitive Investments Group Plc (LSE:IIG) reached an agreement in principle to acquire Acceler8 Ventures Plc (LSE:AC8) in a reverse merger transaction for £1.1 billion on April 8, 2026. As part of the consideration, 2.6052 new Acceler8 Ventures Plc ordinary shares will be issued per Intuitive Investments Group Plc ordinary share held. The offer values the fully diluted share capital of Intuitive Investments Group Plc at approximately £600 million. In addition, the Proposed Transaction would enable the Combined Group to be admitted to trading as an operating company on the Equity Shares (Commercial Companies) category of the Official List maintained by the Financial Conduct Authority. Upon completion, the shareholders of Intuitive Investments Group Plc and Acceler8 Ventures Plc will hold approximately 99.01% and 0.99% respectively of the issued ordinary share capital of the Combined Group on Admission. AC8 has obtained irrevocable undertakings from certain members of Hui10's management team to vote in favor of the Scheme in respect of all their Intuitive Investments Group Shares, representing in aggregate 59,035,785 Intuitive Investments Group Shares representing approximately 24.59% of the existing issued ordinary share capital of Intuitive Investments Group. As of June 30, 2026, Intuitive Investments Group Plc reached agreement on the terms and conditions of a recommended all-share offer by Acceler8 Ventures Plc. Under the terms of the Acquisition, the Scheme Shareholders shall be entitled to receive 2.6797 New AC8 Shares for each IIG Share held. The Independent IIG Directors, who have been so advised by Strand Hanson, IIG's financial adviser, as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable and in the best interests of IIG Shareholders as a whole.
The transaction is subject to consummation of due diligence investigation. In the meantime, Intuitive Investments Group shareholders are not required to take any action in relation to the Possible Offer. The independent directors of Intuitive Investments Group Plc (excluding Giles Willits in light of his directorship of AC8) have concluded that the Possible Offer reflects the most attractive immediate proposal for Intuitive Investments Group Plc shareholders and intends to recommend the offer to its shareholders. As of May 6, 2026, the independent directors of Intuitive Investments Group have requested to an extension of PUSU Deadline to June 3, 2026. As of June 30, 2026, the Independent IIG Directors have agreed to unanimously recommend that IIG Shareholders vote in favour of the Scheme at the Court Meeting and the Resolutions at the General Meeting, as each of the Independent IIG Directors who currently hold or control IIG Shares have irrevocably undertaken so to do in respect of their own beneficial shareholdings, amounting, in aggregate, to 2,214,817 IIG Shares, representing approximately 0.92%. The IIG Board therefore constituted a committee of the four remaining independent directors for the purposes of carefully evaluating and ultimately recommending the Acquisition. The Acquisition is conditional on the approval of the AC8 Shareholders of the New AC8 Shares Resolution; the approval of the Scheme by a majority in number of the Scheme Shareholders voting at the Court Meeting, either in person or by proxy, representing at least 75%. in value of the Scheme Shares voted; the approval of the Resolutions at the IIG General Meeting; the sanction of the Scheme by the Court; the approval of theNew AC8 Shares Resolutionby the AC8 Shareholders at the AC8 General Meeting; and the FCA having acknowledged (and such acknowledgment not having been withdrawn) that the AC8 Shares will be admitted to listing on the ESCC category of the Official List and to trading on the Main Market. The Scheme is expected to become Effective by the middle of August 2026. As of July 31, 2026, the Court Sanction Hearing to sanction the Scheme is expected to be held on August 6, 2026. Based on the current expected timetable the Scheme is expected to become Effective on August 13, 2026. On August 3, 2026, the transaction was approved by the shareholders of Intuitive Investments Group Plc. The transaction remains subject to the sanction of the Scheme by the Court at the Court Sanction and other conditions. On August 6, 2026, the court has granted approval to the scheme. The transaction is expected to close on August 13, 2026.
James Dance, Christopher Raggett, Matthew Chandler and Imogen Ellis of Strand Hanson Limited acted as exclusive financial advisor and fairness opinion provider to Intuitive Investments Group Plc. Tony Morris, Katie Long and James Strang of Tessera Investment Management Limited acted as exclusive financial advisor to Acceler8 Ventures Plc. Matthew Armitt, Miles Cox, Mark Whitmore and Richard Andrews of Joh. Berenberg, Gossler & Co. KG, London Branch acted as financial advisor to Acceler8 Ventures Plc. Mayer Brown International LLP acted as legal advisor to Acceler8 Ventures Plc. Sidley Austin LLP, London acted as legal advisor to Intuitive Investments Group Plc.
Intuitive Investments Group Plc (LSE:IIG) completed the acquisition of Acceler8 Ventures Plc (LSE:AC8) in a reverse merger transaction on August 13, 2026. On completion, applications have been made to the Financial Conduct Authority and the London Stock Exchange in relation to the suspension and cancellation of the Intuitive Investments Group Plc Shares to trading on and admission to the Specialist Fund Segment of the London Stock Exchange, such suspension occurring from August 13, 2026, and cancellation with effect from August 14 2026. Hannah Evans has been appointed to the IIG Board with effect from Admission, Giles Willits has been appointed as Chief Financial Officer, Daniel Levine as Chief Executive Officer, Nigel Rudd as Independent Non-Executive Chairman, Richard Kilsby as Senior Independent Non-Executive Director and Malcolm Le May as an Independent Non-Executive Director, of AC8 with effect from Admission.
