Thursday 17th April 2008
Deal Round-up (17.04.2008)
In today’s headlines building products supplier Everwhite has been bought out of administration by its management and BAE Systems is to buy South African firm IST Dynamics.
Done deals:
Cloud Electronics has undergone a management buy-out led by managing director Simon Curtis. Royal Bank of Scotland provided senior debt and mezzanine funding (Source: Yorkshire Post)
Dublin-based building products group CRH plc has acquired Ancon Building Products in Sheffield from its US parent, Tyco International, for £88 million
Computer parts supplier ServiceSource Europe has been bought by its management from its Singapore-based owner Flextronics. Royal Bank of Scotland backed the deal (Source: Manchester Evening News)
Building products supplier Everwhite has been taken over by is management for £1.6 million, led by managing director Paul Jayne (Source: icwales)
Discount clothing chain Ethel Austin has been placed into administration through Menzies Corporate Restructuring (Source: The Business Desk)
Oil drilling business Reservoir Group yesterday has purchased Aberdeen-based Omega Data Services amid soaring oil prices and a wave of consolidation in the oil services sector Omega specialises in the design and manufacture of memory tools and gauges for pressure and temperature surveys
Deals in the pipeline:
Cavendish Bars is to buy five companies comprising 26 outlets from rival bar and nightclub owner Luminar Group Holdings plc for £1 each
Office support services provider Office2office has agreed to buy printing technology company TripleArc for some £12.4 million (Source: City AM)
Weapons dealer BAE Systems is set to buy South African firm IST Dynamics, in a bid to increasing its product range (Source: Acquisitions Monthly)
Click here for more AIM, PLUS and VC deals.
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