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
- 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
