Other done deals
- Centrica Plc has acquired Solar Technologies for £2.8 million in cash as part of its plans to strengthen British Gas’ low carbon energy services.
- Cobham Plc has expanded its US operations with the acquisition of M/A-COM’s components and microwave subsystems business for US$425 million (£235 million) in cash.
- Two former colleagues at a Nottinghamshire-based serviced office company have returned to buy the business. Mark Proctor and Louise Patterson acquired Innovate Office from its receiver for an undisclosed sum and have re-named the company Icon Business Centres.
- Yorkshire clothing business Salts has bought London company Norton & Townsend Bespoke Tailors from its administrator for an undisclosed sum.
- Magnomatics, a magnetic gearbox maker, has raised £500,000 from Fusion IP and White Rose Technology Seedcorn Fund.
- Two law firms in Hampshire have merged to create Verisona. Dyer Burdett and Gray Purdue will join forces on 1 October.
- Spice Plc has expanded its offering to social landlords, housing associations and local authorities after it bought Mono Services for £450,000 from Mavinwood.
Deals in the pipeline
- Spanish bank Banco Santander has agreed to buy Bradford & Bingley’s retail branches, agencies and deposits for £612 million.
- Direct Connect International has agreed to pay US$1.65 million (£910,000) over the next three years for Vyke Communications’ traditional calling card business.
