Other Done Deals
- First London, an international merchant bank and asset manager, has acquired international investment house Bahrain Capital International for some 92.8 million shares and further options
- Samson Holding, the parent of Universal Furniture, Legacy Classic Furniture and Craftmaster Furniture in the US, has bought British furniture brand Willis & Gambier. Samson offered an initial $7.5 million (£4.5 million) for the company
- Housebuilder Yuill Homes has been bought by its management on the same day parent company Taggart Holdings announced it was entering administration. The terms of the deal were undisclosed
Deals in the pipeline
- Abbey Protection Plc, a supplier of legal and professional fees insurance products and services, has agreed to acquire Accountax Consulting, Accountax UK and Accountax Law for an initial £4.4 million
- Kingston upon Thames-based camera peripherals and accessories group Vitec is in the process of acquiring Canadian-based Talkdynamics, a Voice-over-Internet Protocol software provider, for £1.4 million
- US-based IDEX Corp, a technology company for the water-related markets, is in the process of acquiring Leeds-based IETG, a provider of flow monitoring and underground utility surveillance services for the water and wastewater markets
- Private equity group Pallinghurst Resources has launched a take-over bid for AIM-listed Tanzanite One, which owns emerald mines in Zambia and Madagascar, as part of a push into the precious stones business. No financial details have been disclosed
- GlaxoSmithKline Consumer Healthcare has reached an agreement with Laclede to buy oral healthcare brand Biotene for $170 million (£103.6 million)
