M&A falls as PE prowls plcs
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Goldman Sachs subsidiary Rothesay Life has purchased Rank Group plc’s pension scheme for approximately £700 million. It is thought to be the largest transfer of pension scheme liabilities in the UK to date.
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Logistics group John Menzies plc has strengthened its South African operations through the acquisition of an airfreight operator in Johannesburg and Cape Town as part of its expansion plans.
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A Preston-based mechanical and electrical engineering services provider is poised for organic and acquisitive growth after its management bought the business.
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Mass consolidation in the waste sector will lead to a dramatic drop in the number of waste companies over the next few years, according to Grant Thornton.
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Self storage specialist Big Yellow Group Plc has agreed to sell four of its sites to a business it formed with Pramerica Real Estate Investors, part of Prudential Financial.
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Ariana Resources, a gold exploration company focused on Turkey, has signed a definitive agreement to acquire certain exploration licences from a subsidiary of Odyssey Resources. The licences are collectively known as the Tavsan Gold Project and are located in western Turkey.
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Ariana Resources, a gold exploration company focused on Turkey, has signed a definitive agreement to acquire certain exploration licences from a subsidiary of Odyssey Resources. The licences are collectively known as the Tavsan Gold Project and are located in western Turkey.
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Creo Retail Marketing, a recently-formed retail marketing agency, has acquired point-of-purchase (POP) print business the Lauren Group – a move reported to boost Creo’s annual turnover to £10 million.
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NeutraHealth subsidiary Brunel Healthcare has acquired the Gerard House and Galloway brands, including seven product licenses, from Potters, the UK subsidiary of pharmaceuticals company Galenica AG, for a combined purchase price of £400,000 cash.
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Scottish marine publisher Seamanship International has merged with Witherbys, a seventh-generation publishing business, to create Witherby Seamanship International, combining more than 400 titles and generating initial turnover of around £3.5million.
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New World Gaming Partners, a joint venture owned by Australia’s Macquarie Group and Crown (formerly Publishing and Broadcasting), has acquired all of the units of Gateway Casinos Income Fund.
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