NEL Power bought out of administration and all today’s headlines

Power station builder NEL Power has been bought by one of its competitors. Carron Energy acquired the company from its administrator for an undisclosed sum.

Done Deals

  • Meat supplier Underwood Meat has bought butchery business Northern Catering. The terms of the firm’s second acquisition this month have not been disclosed
  • Pension regulator Butler & Tanner has bought colour printing firm Media & Print Investments for an undisclosed sum, saving 500 jobs
  • Celtic has expanded its Irish betting chain with the purchase of Ubet of Limerick for €2.5 million (£1.7 million)
  • Inflexion Private Equity has re-financed blended cheese producer llchester Cheese by providing £5 million of debt and working capital
  • The Bank of Scotland Corporate has invested an undisclosed amount in property services provider Apollo

Deals in the pipeline

  • Sports club operator Premier Sports Holdings plans to launch an IPO on AIM later this month, raising an undisclosed amount
  • Betting group Ladbrokes is to start a share buy-back programme valued at £150 million

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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