Russian industrialist Vadim Varshavsky buys Alphasteel

Alphasteel, one of Wales' largest steel operations, has been sold by its administrator to Russian industrialist Vadim Varshavsky for £57 million. Read on for more deal headlines.

Other done deals:

  • The Deeside-based commercial tyre division of Rhyl Tyre & Battery has been bought by its managing director, Mike Carroll, for £320,000, with the backing of Royal Bank of Scotland
  • SpaDental, a dental practice owner, is on the acquisition trail after raising £17 million from Royal Bank of Scotland, Hafren Ventures and Julian Hodge Bank
  • Arriva, a public transport operator, has moved into two new markets after it bought 80 per cent of Interbus Invest, a provider of bus services in Hungary and Slovakia
  • Mining group Petra Diamonds has bought 37 per cent of the Cullinan diamond mine from De Beers Consolidated Mines

Deals in the pipeline:

  • United Drug Plc, a provider of services to healthcare manufacturers and pharmaceutical retailers, has agreed to buy US firm Sharp Corporation for £49.3 million
  • ABB, a power and automation technology group, has signed an agreement to buy US transformer company Kuhlman Electric Corporation from private equity group Carlyle

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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