Addison Lee acquires Premier Transport

London mini cab company Addison Lee has acquired the three connected companies that form Premier Transport Group. The cash-and-shares deal will create a combined operation with an annual turnover in excess of £18 million.

Done Deals

  • Jesse Shirley & Son, the Staffordshire-based pottery firm, has been sold out of administration by KPMG to a new company called Hajco 377, securing the future of 40 jobs. The financial details of the transaction have not been revealed.
  • Denby Pottery, the Derbyshire-based ceramics business has undergone a management buy-out. The size of the deal has not been disclosed.
  • Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.
  • WorldVest Equity, Inc., a global merchant bank, has acquired the corporate finance operations of Corporate Capital Group, a specialist in capital-raising transactions for both public and private companies. The details of the deal remains undisclosed.

Other News

  • Global IT and management consultancy Bearingpoint has filed for Chapter 11 bankruptcy protection in the US.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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