BIC buys Cello’s writing arm
BIC Group, the stationery, lighters and razors business, has agreed to acquire a 40 per cent stake in Cello Pens, the Cello Group’s writing instruments business, for €124 million (£117 million) in cash.
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BIC Group, the stationery, lighters and razors business, has agreed to acquire a 40 per cent stake in Cello Pens, the Cello Group’s writing instruments business, for €124 million (£117 million) in cash.
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UK-based Living Villages has been put into administration following a decision by its investors, Low Carbon Accelerator (LCA), not to bail it out.
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Bright Futures Group, an investing company seeking suitable acquisitions to increase long-term shareholder value, has announced that the company’s 218,066,747 ordinary shares of 0.01p each have commenced trading on PLUS.
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A BUPA-backed developer of products and services in the leisure and wellness sectors has bought a software company.
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Global drinks giant Pernod Ricard has sold Serkova Vodka, its vodka brand in the Greek market to Amvyx SA, a major producer, importer and distributor of wines and spirits in Greece.
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Enterprise Ventures (EV), an investor group focused on the North of England, is to exit from its investment in H2O Networks after achieving a 3.6 times return on its original investment – an IRR of 142 per cent."
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Insurance Australia Group has agreed to sell its UK market distribution business for £73.5 million as part of a restructuring strategy, which will enable the company to focus on its motor underwriting business.
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Office Friends, a Lincolnshire-based member of office style dealer group Nemo, has acquired Rapid Office Equipment of Grimsby. The owners have decided to continue their membership of Nemo. Both companies will now operate from the Rapid site.
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Insurance Australia Group has agreed to sell its UK market distribution business for £73.5 million as part of a restructuring strategy, which will enable the company to focus on its motor underwriting business.
News
Office Friends, a Lincolnshire-based member of office style dealer group Nemo, has acquired Rapid Office Equipment of Grimsby. The owners have decided to continue their membership of Nemo. Both companies will now operate from the Rapid site.
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Entrepreneur and serial acquirer Martin St Quinton has acquired a minority interest in UK rugby team Gloucester RFC for an undisclosed sum from Tom Walkinshaw.
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More than 40,000 companies will be declared insolvent this year, according to the Credit Management Research Centre (CMRC) at Leeds University Business School.
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Ranjit Boparan, owner of chicken processor 2 Sisters Food Group, through his Birmingham-based investment vehicle Boparan Ventures, has acquired four FishWorks restaurants from administration.
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Expansionist CVS, a provider of veterinary services in the UK, has announced the acquisition of Melton Veterinary Practice in Suffolk.
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