Buy-outs in the £100 million to £500 million range are being hit by the tough credit conditions, according to Centre for Management Buy-out Research (CMBOR).
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.
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.
A Preston-based mechanical and electrical engineering services provider is poised for organic and acquisitive growth after its management bought the business.
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.
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.
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.
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.
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.
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.
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.
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.