Invest in UK News

  • Indian firm Venkateshwara Hatcheries Group to acquire English Premier League club Blackburn Rovers Football Club

    Venkateshwara Hatcheries Group is to acquire English football club, Blackburn Rovers. The Indian firm is in the process of the acquisition and has reported considerable progress. Venkateshwara Hatcheries Group is a poultry firm based in Pune, India and will be undertaking the investment for a consideration of 40 million pounds, around 280 crore. The transaction will be closed by November, this year.

  • Bottom-line Technologies announces acquisition of London based SMA Financial

    Foremost provider of collaborative payment, invoice and document automation solutions, Bottom-Line Technologies Wednesday announced it had acquired SMA Financial. SMA Financial is a London based provider of Software as a Service (SaaS) connectivity to SWIFT for the automation of payments and financing messaging.

  • Elecon Engineering Ltd to acquire the Benzlers - Radicon Group of businesses from David Brown Gear Systems Group

    Elecon Engineering Ltd is to acquire the Benzlers-Radicon Group of business. The firm said it will be undertaking the acquisition via its Mauritius based SPV, Elecon Transmission International Ltd. the Benzlers-Radicon Group of business is to be acquired from David Brown Gear Systems Group. Elecon has as well acquired the Applied Products Division, namely Radicon of David Brown Gear Systems UK, as well as certain assets of the gear motor businesses of Cone Drive Inc. USA.

  • Meyer Bergman and Thor Equities acquire London’s premier retailer Burlington Arcade for £104 million

    London’s premier retail destination Burlington Arcade has been acquired by Meyer Bergman and Thor Equities. The prestigious West End facility was acquired for an estimated investment sum of 104 million pounds.  A statement from the two firms said the investment has been undertaken through a joint venture that will initially be split 80/20. However, the joint venture provides Thor Equities with an option to increase its stake in the JV to 50 per cent by summer next year.

  • US based MasterCard Inc concludes acquisition of the UK’s DataCash Group plc

    US based MasterCard Inc Friday concluded its UK investment, terming it as significant in terms of the increase effect it will have on the firm’s existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide. The conclusion marks the end of MasterCard’s push for the UK firm, coming just months after it was first announced.

  • Electronic Arts confirms takeover of Chillingo, the UK based mobile game maker for iPhone, iPad and iPod Touch

    Electronic Arts Inc confirmed it had acquired the UK’s mobile games developer, Chillingo after speculation had arisen with reports suggesting such a move. Chillingo is a maker of popular mobile game titles for iPhone, iPad and iPod Touch. Electronic Arts Inc is an interactive entertainment software giant, with a number of popular brand games under its portfolio.

  • Indian mobile technology firm IMIMobile completes acquisition of the UK’s WINplc at a cost of $26 million

    India’s IMIMobile Thursday concluded its UK investment for which it was to acquire the UK’s WINplc. The Hyderabad based IMIMobile is a provider of mobile technology. Its acquisition of the UK firm was done at an investment of $26 million, marking the firm’s first major investment overseas.

  • UK based AFM expands its fire alarm know-how with the purchase of ARC Fire Safety Limited’s Channel Islands division

    UK based AFM Wednesday expanded its fire alarm expertise with an investment that will see it buy ARC Fire Safety Ltd’s Channel Island’s unit. ARC Fire Safety Limited’s Channel Islands division is a specialist in the design, manufacture and installation of wireless fire alarm systems. The Southampton based firm commenced its operations in Guernsey back in 2003 when it was hired to design, install and commission radio fire alarm systems to Channel Island schools, as well as historic buildings in the Island.

  • Global IT solutions and services firm Dimension Data acquired mvision for an undisclosed sum

    Dimension Data is to acquire UK based mvision in a deal done for an undisclosed amount. Dimension Data, the global IT solutions and services firm announced Tuesday it had purchased mvision, the UK based video conference integrator, network and managed video services provider. Dimension Data is estimated to be worth $4 billion and its operations span the globe.

  • GoIP Global Inc signs letter of interest to acquire Worldlink Group Plc’s US subsidiary

    GoIP Global Inc Monday announced it had appended a letter of interest with UK based public firm Worldlink Group Plc for the acquisition of Worldlink’s US subsidiary. Worldlink’s US subsidiary holds rights for the firm’s patented technology and platform.

  • Merger of the Office of Fair Trading (OFT) and the Competition Commission to create shake-up of Britain’s competition regime

    Analysts are sounding the alarm over the looming merger of the UK’s competition watchdogs, the Office of Fair Trading and the Competition Commission. The move by the two investments and competition agencies is expected to cause major ripples in the country’s competition regulations. Plans have been underway to merge the two for some time now and it is expected the merger will result in considerable changes in the UK’s competition regime.

  • Resolution Ltd in bid to acquire Bupa Health Assurance Ltd

    Resolution Ltd reported Friday it is planning to acquire Bupa Health Assurance Ltd. Resolution Health, based in Guernsey is a life insurance group while Bupa Health Insurance is as well a UK group risk and individual protection unit of private health care firm Bupa. Under the terms of the planned acquisition, Resolution Health will remit 102 million pounds for the takeover.

  • Booker acquires specialty foods seller Ritter and pub wholesaler Classic Drinks

    Booker acquired Ritter and pub wholesale Classic drinks for an investment pegged at 4 million pounds. Booker, the food and drinks wholesaler undertook the investment as part of expansion plans as it seeks to tap into the larger UK market. Ritter is a specialty foods supplier in the UK. The investment will see Booker takeover the business and assets of Classic Drinks from Classic Drinks Ltd which is a subsidiary of Halewood International Ltd.

  • First Milk and Milk Link announce agreeing on terms for Arla Foods UK plc to become a shareholder in Westbury Dairies Limited

    First Milk and Milk Link reported Tuesday they had struck an agreement that will see Arla Foods UK Plc become a shareholder in Westbury Dairies Ltd. Westbury Dairies Ltd is a joint venture firm, owned by First Milk and Milk Link, that produces the UK’s foremost skimmed milk powder and bulk butter.

  • Ultimate Finance Group plc to purchase the whole of the issued share capital of Ashley Commercial Finance Ltd

    Ultimate Finance Group plc is to conditionally buy the whole of the issued share capital of Ashley Commercial Finance Ltd.  The investment will be done for a consideration of 4.75 million pounds to be paid via a 3.70 million pound in cash and 1.05 million pound in shares. Other than that, a deferred consideration of ups of 2.70 million pounds may be payable.

  • Thomas Cook and Co-op unveil plans to merge their high street travel businesses

    In a move that may create a considerable loss of jobs, UK firms Thomas Cook and the Co-op have outlined their plans for a merger of their high street travel businesses. The two firms announced they are planning a merger of their high street travel businesses forming the biggest travel firm in the UK. With about 1,200 shops under their name, the formed entity will be the UK’s biggest travel business and the second biggest in foreign exchange.

  • American Airlines, British Airways and Iberia unveil new routes after merger sealed

    American airlines, British Airways and Iberia last week revealed they had finalized their routes merger deal. The three airlines unveiled the new routes, pledging to offer their passengers quality services and flight flexibility. The deal was an $8 billion transatlantic joint business and was appended last week. The merger and the unveiling of the new routes are aimed at reinforcing the three airlines’ already existing oneworld alliance.

  • UK based private equity firm Actis to sell out its stake in Halonix Ltd

    Actis is mulling the sale of its stake in Halonix Ltd for $56 million. Actis is a UK based private equity firm. The firm is considering the sell of its stake to a strategic investor. The 66 per cent stake in Halonix Ltd was acquired back in 2007 through Actis India Fund. The transaction would value the Halonix Ltd stake at the selling price, $56 million.

  • Indian firm Komli Media has acquired a UK based Indoor Media Limited

    Indian firm Komli Media has acquired the UK’s Indoor Media Ltd for an undisclosed amount. The deal was a cash and stock deal and is meant to reinforce the firm’s operations in the global market. Komli is a media network firm, keen on strengthening its international offering and increasing its portfolio.

  • AAC Capital mulling the selling of IMCD

    Dutch bank ABN AMRO’s former private equity arm, AAC Capital is mulling a sell of IMCD, sources revealed. Speculation has arisen that AAC Capital is keen on selling the Rotterdam based chemical distributor. As it stands currently, IMCD generates about 1 billion Euros in revenue. The reports first appeared Wednesday, reiterating the firm’s detailed plans geared at disposing the chemicals distributor.

  • UK based firms Borble and Label First merge creating a £2.3 million turnover company

    UK based firms Borble and Label First have sealed their merger, creating a 2.3 million pounds firm. The two label firms announced their merger deal Monday, with the fresh entity expected to have a turnover of the 2.3 million pounds. Under the terms of the agreement for the merger, Labels First managing director Gary Lovell will become a joint owner of the new entity and will be assisted by Gavin Scott.

  • Caldic completes acquisition of UK chemical distributor Omnichem

    Caldic said Friday it had finalized its takeover of Omnichem, a UK based chemical distributor. Caldic undertook the acquisition as a complementary addition to its operations in the UK. The firm is keen on reinforcing its UK offering, with a strategy that is focused on an expanded foothold. Caldic’s last takeover was concluded last month, with the continued acquisition geared at further expanding its businesses.

  • Global portable accommodation rental firm Algeco Scotsman on the acquisition spree

    Global portable accommodation rental firm Algeco Scotsman is on the acquisition spree, having taken over two firms across Europe. The firm bought French and a British firm; as it seeks to foment its position and offering. Algeco Scotsman bought Yvelinoise; a Paris based modular space renter and the UK’s Cabin Centre Ltd’s 2000 mobile storage units.

  • Fidelity Investment Managers expands its UK real estate portfolio

    In a bid to expand its UK commercial property portfolio, Fidelity Investment Managers purchased a number of commercial property sites. The firm said it had increased its UK commercial realty offering through the acquisition of several properties. It is understood the firm spent an estimated 85 million pounds on a range of investments. Most of the investments are found in the Midlands.