Other Done Deals

• RM (formerly Research Machines) has announced a deal worth up to £2.8 million for specialist education supplier EasyTrace. RM, a leading provider of educational products to the public sector, will be managed alongside Sentinal Products, an education network management software company, which RM purchased in 2004.
• Johnson and Johnson, the US-based global healthcare products company has entered the growing Chinese healthcare market by purchasing Beijing Dabao for an estimated $300 million (£151 million).
• Alliance Fund Managers has invested £250,000 in games console developer New Concept Gaming through the MSIF Liverpool Seed Fund. The fund has also committed up to a further £450,000 if the company reaches certain targets.
• International Power has completed the acquisition of a 1,857 MW portfolio of US power plants from a subsidiary of Tenaska Power for $856 million (£432 million).
• Abenex has sold 100 per cent of Score Group to international food services provider Sodexo, subject to approval from the French competition authorities. Sodexo had revenues of 13.4 billion (£10.5 billion) in 2007.

Deals in the pipeline

• Seaham Investments says its offer to acquire Instore has become unconditional, with the purchase of 54.1 per cent of Instore’s shares. Instore, who own the Poundstretcher retail chain, initially rejected an £11.4 million takeover bid earlier this month.
• Oxford-based Sophos has plans to acquire German data security company Utimaco Safeware AG for 217 million (£171 million), with the backing of TA Associates.
• Homeware retailer Dunelm Group, which owns Dunelm Mills retail stores, has entered into an agreement to buy the Dorma brand and rights from Dawson International for a cash consideration of £5 million.
• Roc Oil Company, an Australian oil firm with North Sea oil and gas assets, has announced their intention to take over Anzon Energy. Full details will be released next week.