Other Done Deals

• Global commercial finance company CIT has announced a £27.7 million credit facility to a group of investors, including JMI Equity, The Carlyle Group and Pala Investment Holdings, to finance the acquisition of Gemcom Software
• Games developer Connect 2 Media has secured a £4.5 million investment from Acuity Capital
• City of London broker Carroll Foley Lloyd has been bought by Lycetts for an undisclosed sum
• JSFC Sistema has consolidated its ownership of Russian-based Dalcombank by paying $2.9 million (£1.5 million) to take its stake to 100 per cent
• Royal Bank of Scotland has assisted a management buy-out of Margem. The details were undisclosed
• Texaco’s Brazilian fuels distribution business has been acquired by Ultrapar for approximately $730 million (£394 million). The deal is a further sign of a booming Braziliam M&A market, which in the last two years has seen deals worth $97.3 billion ($52.5 billion) take place
• The directors of DSR Print Management have acquired the entire share capital of the company (through DSR Holdings) for an estimated £5.5 million
• LiteThru, a spin-off company of the Science and Technology Facilities Council, has received a £750,000 investment for its patented medicine production and quality control technology

Deals in the pipeline

• Irish-based business services group DCC has agreed to acquire the UK oil distribution business from Chevron for 27.5 million (£21.8 million)
• Lazard has signed an agreement to buy the equity of Lazart Assett Management that it does not already own for an undisclosed amount
• QBE Insurance, an Australian insurer, has agreed to buy US-based mortgage insurance group PMI’s Australian and New Zealand business for $901 million (£485.9 million)
• Scandinavian airline SAS has announced its intention to sell its 47.2 per cent stake in airBaltic
• The European Commission has cleared the proposed $441 million (£237.5 million) acquisition of Japan-based D&M holdings by private equity firm Bain Capital Partners
• Atlantic Property Partners is under offer to buy ING Real Estate’s 88 Wood Street in the City of London for around £190 million