Greenhill Capital Partners Europe has invested an undisclosed sum in Travel Entertainment Group, and will become a minority shareholder in the company. Read on for more deal headlines.
Other Done Deals
The Stirrup Restaurant in the Bronte village of Howarth, has been sold to London restaurateur Polly Costin
Geochemical company Alex Stewart Group has acquired Eco Tech Laboratory, a Canadian firm which provides services to the Canadian mining industry. The fee was undisclosed
AIM-listed Wyatt Group has acquired specialist benefits consultancy, TEBC for an initial consideration of £150,000, plus two deferred payments of £75,000 to be made on the first and second anniversaries of deal completion.
Freeplay Energy has sold its Freeplay division to Devinder Raj Narang for $14.5 million (£7.4 million). Freeplay has also changed its corporate name to Fieldbury Plc
The Economimst Group has bought online technology firm Capitol Advantage for $43 million (£21.8 million)
Deals in the pipeline
German turnaround firm Arques Industries has acquired 80 per cent of Siemens mobile phone division for an undisclosed amount. The deal is expected to complete by October
Qinetiq, a British defence technology company, has agreed to buy Virginia-based Dominion Technology for $104.5 million (£53 million)
HSBC is still in talks with US private equity firm Lone Star, about the 51 per cent stake it plans to acquire in Korea Exchange Bank
Private equity house Stone Point Capital is in negotiations to buy a stake in Lloyd’s broker RK Carvill
Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.
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