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Deal Round-up (03.06.2008)

Article Date:  Jun 03 2008

Financial services provider Hitachi Capital UK has bought London Scottish Bank’s Invoice Finance division for £28.5 million, as construction company McKean undergoes a management buy-out for £1 million.

Done deals:

Financial services provider Hitachi Capital UK has bought London Scottish Bank’s Invoice Finance division for £28.5 million (Source: Manchester Evening News)

The Board of office2office plc, an office supplies and managed services provider, has acquired rival Accord Office Supplies for £6 million

Publisher PSCA has undergone a secondary management buy-out backed by Royal Bank of Scotland (Source: Manchester Evening News)

HLW Commercial Lawyers has merged with McCombie & Co to create a combined law firm (Source: Yorkshire Post)

Construction company McKean has been bought by its management for £1 million (Source: The Herald)

Tools supplier to the rail industry Selectequip has been bought in a Royal Bank of Scotland-backed management buy-out (Source: crainsmanchesterbusiness.co.uk)

Deals in the pipeline:

Investment group L Capital 2 FCPR is to acquire up-market boat-builder Princess Yachts International for some £200 million

Private debt and insolvency firm Brightside Group plc has agreed to buy personal claims assistant to solicitors and claimants Injury QED as well as Aust Holdings, which owns insurance-focused financial services company Group Direct

For more AIM and VC deals click here.

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