Other Done Deals
European patent and trademark attorney practice Murgitroyd Group Plc has announced that it has acquired Croydon-based practice Raworth Moss & Cook for up to £700,000. Murgitroyd will pay £500,000 in cash and the remainder on the first anniversary of completion.
Headhunting company Executives Online has undergone a management buy-out, with senior managers acquiring a 56 per cent stake. The deal, which was supported with debt from Natwest, was led by managing director Anne Beitel.
Mach One, a US biological services company for the agricultural and consumer market, has acquired Pacific Rim Foods, the hamburger and frankfurter manufacturer, for $5 million in a combination of stock and convertible notes.
Delphic, a provider of specialist diagnostics for HIV and hepatitis, has acquired the diagnostics business of iQur, a biotechnology company specialising in chronic liver disease. The terms of the transaction remain undisclosed.
Deals in the Pipeline
GLG Partners, Inc, has acquired Société Générale Asset Management UK, the London-based asset management subsidiary of Société Générale Asset Management SA The transaction is expected to complete during the first half of 2009, subject to regulatory approval.
Britain’s largest food maker Premier Foods has received a £45 million offer from private equity for its French frozen patisserie Business, Martine Specialities SAS.