Done Deals

• Finnish mutual pension insurer Varma has bought a 10 per cent stake in Finnish telecoms operator Elisa from Icelandic investment firm Novator. The deal is estimated to be worth €194 million (£153 million)
• Spice Plc, a support services group, has acquired Morrel Consulting, a consultant to the water industry, for an initial payment of £150,000. A further £5 million payment could be due depending on the performance of the acquired business in the two years to November 2009
• Defence technology and security group QinetiQ has acquired Commerce Decisions, a provider of tender assessment and management software, for £9.85 million
• Morgan Everett, developer of the Autobin which converts waste into inert ash that can be flushed into sewage systems, has secured £1.45 million from the Sustainable Technology Fund and PUK Ventures
• Online behavioural marketing and analysis company RedEye has received £185,000 in funding from the Northwest Regional Development Agency to support the company’s software development program
• Carlsberg UK will take over the production, marketing and distribution of San Miguel beer in the UK, following on from its successful £7.8 billion joint bid with Heineken for Scottish & Newcastle last year
• Stainless steel recycling company ELG Haniel Metals, a UK subsidiary of ELG Haniel Group, has acquired Glasgow-based Shearer Mormet, a specialist fabricator of high temperature alloys, for undisclosed terms

• French telecoms equipment giant Alcatel-Lucent is close to selling its 21 per cent stake in defence electronics company Thales to Dassault Aviation
• Austrian real estate groups Immoeast and Immofinanz said they may propose a possible merger to shareholders in the first quarter of 2009
• e2v technologies Plc, a developer of specialised components and subsystems, has announced that its subsidiary, e2v Holdings, has conditionally agreed to acquire QP Semiconductor, a manufacturer serving the military and aerospace sectors. The terms of the deal were undisclosed
• Germany-based Qimonda AG, a supplier of semi-conductor memory products, has agreed to sell its 36 per cent stake in Taiwan business Inotera Memories Inc to Micron Technology Inc for US$400 million (£232.1 million) in cash