San Leon Energy, an international oil and gas exploration company, has been valued at some £100 million after its shares started trading on AIM.
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.
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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