Aonic Group acquired additional 33.2% stake in nDreams Ltd from Mercia Asset Management PLC (AIM:MERC) on November 20, 2023. The deal is for an enterprise value of £90.3 million. Simon Bridges and Emma Gabriel of Canaccord Genuity Group Inc. (TSX:CF) and Harry Gooden and James Moat of Singer Capital Markets Limited acted as financial advisor to Mercia Asset Management.

Aonic Group completed the acquisition of additional 33.2% stake in nDreams Ltd from Mercia Asset Management PLC (AIM:MERC) for £30.2million on November 20, 2023. Mercia held a 33.2% fully diluted direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself.