Other Done Deals

• Iofina, a natural gas and iodine exploration company has announced the acquisition of 30,000 acres in Montana, USA, which scientists have identified as an area with a potentially large amount of reserves
• John Maneely, part of the Carlyle Group has been bought by Novolipetsk Steel for $3.53 billion (£1.8 billion)
• State-run Libya Oil Holding has bought subsidiaries of Shell in Sudan, Djibouti and Ethiopia for an undisclosed sum
• An affiliate of DIRECTV, a digital television and video programming services company has acquired 180 Connect, an installation, integration service company for $105 million (£55.3 million)
• The maintenance and modification unit of Day and Zimmerman, a US-based outsourcing solutions company, has bought a fabrication and machining plant from Industrial Maintenance and Machine. The fee was undisclosed
• An undisclosed financial round for 4JET Sales and Service has been completed by eCAPITAL
• CDC Group has invested €7 million (£5.5 million) in Advans, a venture capital company which invests in Greenfield microfinance institutions in Asia and Africa
• Irish-based MobileAware has received an undisclosed sum from return backers Nauta Capital and Cross Atlantic Capital Partners
• European leveraged finance firm Cinven has acquired a 50 per cent stake in alternative investment manager Indicus for an undisclosed sum

Deals in the pipeline

• Deka, a German fund manager, is under offer to buy Hammerson and Pearl Assurance’s Moorhouse office scheme in the City of London. The 305,000 sq ft building is being sold at a yield of about 6.4 per cent which is around £230 million
• Elan has received preliminary offers of up to €1 billion (£785 million) for its drug delivery business. The company is looking to offload the business as soon as possible
• A consortium lead by HG Metal, a Singapore steel products maker will acquire BRC Asia, a local rival from UK-based Acertec for $34 million (£18 million)