Today’s deal headlines

In today’s headlines, Petards has sold its UK government and commercial software business to BAE Sysyems Integrated System Technologies for £2.5million


In today’s headlines, Petards has sold its UK government and commercial software business to BAE Sysyems Integrated System Technologies for £2.5million

In today’s headlines, Petards has sold its UK government and commercial software business to BAE Sysyems Integrated System Technologies for £2.5million and Braemar Shipping Services has bought a majority stake in Fred Olsen Freight for £1.3 million

Done deals:

  • ESS Steels Holdings, a manufacturer of steel alloy-based components for the oil industry, has undergone a management buy-out backed by Yorkshire Bank and Baird Capital Partners Europe to the tune of £35 million and £12 million respectively
  • Braemar Shipping Services Plc (previously known as Braemar Seascope Group Plc) has bought an 80 per cent stake in Ipswich-based freight forwarding company Fred Olsen Freight for £1.3 million in a bid to expand its Cory Brothers Shipping Agency subsidiary
  • Petards, the AIM-listed developer of advanced surveillance systems has sold its UK government and commercial software business to BAE Systems Integrated System Technologies for £2.5million
  • Engineer Senior Plc has acquired Capo Industries Inc, a US manufacturer of super alloy jet engine components, for £42 million

Deals in the pipeline:

  • Scottish spirits company Edrington Group is in discussions to sell its Glenglassaugh distillery in Banffshire to a consortium from Eastern Europe for up to £3 million, approximately £2 million of which will be invested to restart production

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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