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The acquisition is already funded by Meadow Partners, there will be no placing.

The trade went through this morning in one block hence the disclosure. Quite interesting when you realise who the buyer is when combined with the strategy of the business. I was doing some rough numbers on Sept ‘23 results and reckon this share is worth 25p+ on current valuations. Given meadow JV and CSS upside could be way north of that.

I did check the website this morning and it was there. Looks like they are gearing up for something, they might wait until there is a large scale up transaction of sorts before doing the share consol.

With leverage this is a lot bigger. >£200m and they own 51% of the asset manager. Great time to be building a portfolio.

Agree, I expect a major announcement soon.

Agree, I expect a major announcement soon.

Was looking at Companies House, I noticed that the company has formed two new subsidiaries in the last week or so. One is Roadside Asset Management and the other is Roadside Real Estate. They have also formed Roadside REIT. I think something very big is about to be announced. Alongside Cambridge Sleep this share price looks far too cheap.

Sleep technology provider tries to awaken interest from buyers

AIM-listed Barkby Group is working with advisers on a potential sale of Cambridge Sleep Sciences that could value it at around £50m, Sky News understands.

Sunday 10 September 2023 16:14, UK

A British-based sleep technology business is being put up for sale by its London-listed owner in a deal that could fetch tens of millions of pounds.

Sky News has learnt that Cambridge Sleep Sciences (CSS), which develops and licenses sound technology to help users get better sleep, is to gauge interest from prospective buyers.

City sources said its owner, Barkby Group, is working with financial advisers on a strategic review, with CSS said to be valued in the region of £50m.

CSS, which is known for its SleepHub and SleepEngine products, has licensing deals with companies including Masimo Consumer Audio, which owns audio brands such as Bowers & Wilkins, Denon and Marantz.

It has also signed an agreement with Sleep Sense International for its technology to feature in a new Smart Pillow.

Insiders said it was in negotiations to make its technology available to prominent names in the hotel and healthcare sectors which they claimed could double its value.

Barkby is understood to have decided to sell the business to focus on building a portfolio of roadside real estate assets, including drive thru restaurants, convenience retail and EV charging infrastructure.

It also owns a portfolio of pubs and a motor dealership called Centurian Automotive.

CSS is expected to attract interest from both strategic and financial buyers.

A Barkby spokesman declined to comment on Sunday.

The focus is not pubs, I think they are now down to 6 sites. It is property and CSS. I follow Julian Stone on LinkedIn, he is the CEO of CSS. This growing very quickly in a massive market, I follow Julian Stone on LinkedIn and from the posts I can see they are wining deals with household names. I would not be surprised if Barkby exit the remaining pubs, such a tough sector. This is a buy, the shares are undervalued.

The Masimo contract that Cambridge. Sleep Sciences has signed is very significant, this potential contract was first referred to at the start of the year. Masimo are a $8.5bn listed business, they won’t have gone to the huge trouble of signing a global license without believing the potential. Doing some more research on this but I suspect other licenses will follow shortly. Can see CSS being worth a lot of money over the next year or so.