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Oddbins sold to investment group

Oddbins, a wine retailer, has been sold to a consortium of investors lead by the former managing directors son for an undisclosed sum. Read on for more deal headlines.

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Green Dragon fires up deal-making

Green Dragon Gas, an explorer, developer and producer of coal bed methane in China, has made a strategic acquisition in the domestic energy sector for $9.25 million (£4.7 million). The deal will be funded from the AIM-listed company’s existing cash pool.

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Tough times for small companies, says Unicorn

Unicorn AIM VCT II has seen a net loss of just over £1.4 million for both its Ordinary Share Fund and the C Share Fund. Chairman Peter Andrews attributes this to tough market conditions for smaller quoted companies, where banks have tightened terms and investors are more risk averse.

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Aberdeen exits from ID Support Services

Aberdeen Asset Managers Growth Capital has exited from ID Support Services Holdings by way of a secondary buy-out backed by Penta Capital Partners. The sale realised an overall return of 1.8x money on the investment and an IRR of 61 per cent.

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Barr agrees to acquire Rubicon

Scottish-based soft drinks group A.G Barr has announced an agreement to purchase Rubicon for an initial £59.8 million, subject to shareholder approval. This deal will give Barr a stronger foothold in the £1.6 billion UK still and juice drinks market.

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UK last of M&A
big spenders

UK companies made more acquisitions in July than any other EU country, but German businesses spent more on M&A, new research has revealed.

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Bermuda lit up by power deal

Renewable Energy Holdings (REH), an AIM-listed investor and operator of renewable energy technologies, has unveiled its plans to join forces with Bermuda-based Triton Renewable Energy to supply the Caribbean island group with wave-generated electricity.

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Alliance Boots acquires stake in Brazilian pharmaceutical wholesaler Athos Farma

Alliance Boots has purchased 25 per cent of Brazilian pharmaceutical wholesaler Athos Farma for an undisclosed amount. Read on for more deal headlines.

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Bermuda lit up by power deal

Renewable Energy Holdings (REH), an AIM-listed investor and operator of renewable energy technologies, has unveiled its plans to join forces with Bermuda-based Triton Renewable Energy to supply the Caribbean island group with wave-generated electricity.

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Alliance Boots acquires stake in Brazilian pharmaceutical wholesaler Athos Farma

Alliance Boots has purchased 25 per cent of Brazilian pharmaceutical wholesaler Athos Farma for an undisclosed amount. Read on for more deal headlines.

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Plastic Logic secures extra funds

Plastic Logic, which develops plastic electronics for flexible displays and sensors, has raised a new round of $50 million (£25 million) in equity finance led by existing venture capital investors Oak Investment Partners and Amadeus Capital Partners. To date, the company has raised more than $200 million.

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Zed eyes UK acquisitions

A Spanish developer and marketer of entertainment products for mobile phones and the Internet could be looking for suitable acquisition targets in the UK.

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Nova agrees sale of nCode to HBM

Private equity firm Nova Capital Management has exited test and data analysis specialist nCode International for £17.5 million. The company has been acquired by instrumentation and controls company HBM.

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Wyatt acquires benefits consultancy

Employment consultancy Wyatt Group has acquired employee benefits specialist TEBC for £150,000. Two deferred payments each of £75,000 are to be made on the first and second anniversaries of the deal’s completion.