Thursday 8th May 2008

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Deal Round-up (08.05.2008)

In today’s deal headlines design agency Creative Lynx has undergone a management buy-out, as SABMiller plc looks set to acquire Ukrainian brewer CJSC Sarmat, valued at some £66.4 million.

Done deals:

Eurasian Natural Resources Corporation plc, a diversified natural resources group with its operations in Kazakhstan, has purchased 50 per cent in Xinjiang Tuoli Taihang Ferro-Alloy Co, a Chinese ferroalloys producer, for RMB101.3 million (£7.4 million)

Mercury Recycling plc, a lamp and battery recycling company, has acquired a rival group comprising Envirolite, Envirolite Midlands and Bakersfield Environmental Services, for £1.1 million cash

Property & construction surveyor PH Warr plc has undergone a management buy-in (Source: businessmag.co.uk)

Multipart Fleetserve, a parts supplier to airport vehicles, has been taken over by its management (Source: Manchester Evening News)

Design agency Creative Lynx has undergone a management buy-out, backed by Royal Bank of Scotland (Source: how-do.co.uk)

Dublin-based property and investment company Harcourt Developments has bought hotel Princess on Portland, for £8 million (Source: Manchester Evening News)

Hospira, a global specialty pharmaceutical and medication delivery company has acquired software engineer Sculptor Developmental Technologies, a subsidiary of St Clair Health Corporation (Source: Hospital Information Technology Europe)

Hire Station has expanded its tool hire business with the purchase of DJ Tool Hire from its administrators Deloitte (Source: nebusiness.co.uk)

Deals in the pipeline:

US-based diversified industrial engineer Illinois Tool Works is set to buy Enodis plc for some £1 million in order to expand on its existing UK operations

SABMiller plc has agreed to purchase Ukrainian brewer CJSC Sarmat, valued at some £66.4 million

Click here for more AIM and VC deals.

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