Other Done Deals

Aixam Mega, an ultra-light electric vehicle manufacturer, has acquired Nice Car Company, the London electric vehicle dealer that went into administration in November. The financial terms of the transaction have not been revealed.

Canada-based Storm Ventures International has acquired Silverstone Energy, based in Aberdeen, in an all-share deal.

Leeds-based fruit and veg wholesaler H2H has been bought by its management in a deal backed by Royal Bank of Scotland. The MBO was led by existing managing director Ian Palfreeman, who becomes the sole shareholder.

American International Group, Inc. has agreed to sell AIG Life Insurance Company of Canada to BMO Financial Group for CAN$375 million (£207 million) in cash.

Petlife Ventures, the pet accessories manufacturer trading as Hi-Craft, has been bought by its management in a deal worth more than £500,000.

Independent advertising agency WAA has acquired MarketingNet, the Warwickshire-based web development and design agency, for an undisclosed sum.

Deal in the pipeline

German media business M DuMont Schauberg has agreed to acquire the German operations of European newspaper and content group Mecom for €152 million (£135 million) in cash.