Communisis pulls Orchestra Bristol back from the brink

Communisis, has acquired the trade and assets of Orchestra Bristol (OBL), which is currently in administration, for a cash consideration of £2.25 million.

Round-up of today’s M&A deals

Communisis, has acquired the trade and assets of Orchestra Bristol (OBL), which is currently in administration, for a cash consideration of £2.25 million.

The deal comprises of an initial payment of £1.34 million paid upon completion of the transaction, with the remaining balance of £910,000 to be paid 90 days after completion.

OBL is a marketing services business which is involved in data-services and specialist high integrity output in direct mail and transactional applications.

The stand out attraction of this investment is a £4.5 million per annum, four-year deal with BBC contractor Proximity London.

As part of today’s agreements, Communisis will be at liberty to work with other valuable customers of OBL which have similar specialist requirements. In addition, Communisis will be working with Proximity on a range of new business development opportunities.

Round-up of today’s M&A deals

  • Linder Myers law firm buys new headquarters building in Manchester from Hermes Real Estate Investment Managers

Sector: Property

Value: £8.5 million

Advisers: WHR Property Consultants, Berkeley Brown, Hill Dickinson

  • Caffyns announced today that it had exchanged contracts with Shell Trust for the sale of its vacant freehold site in Brighton

Sector: Retail Development

Value: undisclosed

Advisers: undisclosed

Read more

  • French based Altrad puts in the framework for English expansion with purchase of 100 per cent stake in scafolding company NSG

Sector: Manufacturing

Value: NSG has an annual turnover of £20 million

Advisers: undisclosed

Read more

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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