Modus makes £11.4 million investment and all today’s headlines

Today's headlines include Modus Private Equity's £11.4 million investment in Fish Administration and marketing specialist Twenty buying Ominor for some £7.9 million.


Today’s headlines include Modus Private Equity’s £11.4 million investment in Fish Administration and marketing specialist Twenty buying Ominor for some £7.9 million.

Today’s headlines include Modus Private Equity’s £11.4 million investment in Fish Administration and marketing specialist Twenty buying Ominor for some £7.9 million.

Done deals:

  • Support services group Mouchel Parkman has entered the business process outsourcing market after buying Hyder Business Services from private equity firm Terra Firma for £46.2 million
  • Leisure operator, developer and investor Clerkenwell Venture has completed a second round fund raising of £25.6 million to pursue acquisitions
  • Beacon Graphics has extended its print services with the purchase of Vision Print & Design for an undisclosed sum
  • Entrepreneur Tony Wilson has bought US-based vehicle exhaust manufacturer ArvinMeritor’s European subsidiary for more than £10 million
  • Modus Private Equity has backed insurance administrator Fish Administration with £11.4 million of development capital
  • Electronic manufacturer Elektron plc has bought engineering components maker Sifam for an initial £2 million in cash
  • Integrated IT and communications service provider Glen Group has acquired IT professional services and value added reseller inGroup for £1.35 million
  • Marketing company Twenty has bought e-commerce specialist provider Ominor for up to £7.9 million
  • Securitas has added to its cash handling business with the acquisition of Brink’s Incorporated for undisclosed terms


Deals in the pipeline:

  • China Goldmines, the gold mining company launched by entrepreneur Karl Watkin, is to raise more than £1.2 million by placing 900,000 shares on AIM
  • Homeserve is looking to expand its property repair and emergency claims business with the acquisition of Reparalia of Spain for undisclosed terms
  • Engineering group IMI has agreed to acquire 70% of Switzerland-based indoor water conditioning manufacturer Pneumatix for £15.5 million
  • Adult content to mobile phones provider Interactive World has bought publisher Sports Newspapers for some £50 million in a reverse takeover

Marc Barber

Marc Barber

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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