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Street Group valued over £200m as Hg invests

Street Group has secured a strategic growth investment from Hg valuing the Manchester-based proptech at over £200 million, with Hg investing about £7 million alongside the Hg Mercury Fund and other institutional clients. Co-CEOs Tom and Heather Staff will remain majority shareholders as Street expands its AI-driven software suite, including Street CRM, Spectre, and Cortex, serving thousands of UK estate and letting agencies.

6 sources

OCS Agrees £3.1bn Mitie Takeover

OCS Group has agreed to acquire Mitie in a cash deal valuing Mitie at up to 221.6 pence per share (approx. £3.1 billion), delivering a premium of around 40-47% and creating a UK-listed group with about £8.5 billion in revenue. Completion is targeted for Q1 2027 and is subject to shareholder and regulatory approvals, with Mitie’s board unanimously backing the transaction and both firms highlighting expanded geographic reach, technology investment, and stronger capabilities across critical sectors.

5 sources

Global SThree H1 Profit Drop, Guidance Maintained

SThree reported for the six months to 31 May 2026 that revenue fell to about £598.8m and pretax profit tumbled 75% to £2.7m, with non-recurring costs from a cost-optimization program weighing on earnings, though cash and a share buyback reduced net debt slightly and momentum improved in the US and Japan. Despite a mixed market, the group reiterated guidance for FY26 pretax profit around £10m, citing ongoing strategic simplifications, a cloud-based platform, and resilience in its contract business amid weaker hiring in parts of Europe.

6 sources

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Street Group valued over £200m as Hg invests

OCS Agrees £3.1bn Mitie Takeover

Global SThree H1 Profit Drop, Guidance Maintained