Invest in UK News

  • Nordic Capital Fund VII acquires the UK’s diagnostics firm Binding Site

    Nordic Capital Fund VII has acquired The Binding Site Corporation Limited, a privately-owned specialist diagnostics company, from its founder, Jo Bradwell. The transaction price was not revealed.

    Post the acquisition, Professor Bradwell will retain a small share of Binding Site, and remain on the Board. Binding Site, based in Birmingham, UK, specialises in the research, development, manufacture and sale of innovative medical diagnostic products focused on Multiple Myeloma and other B-Cell dyscrasias and Primary Immunodeficiency (PID).

  • Wolters Kluwer Financial Services acquires Spring Programs Ltd

    Wolters Kluwer Financial Services, a comprehensive regulatory compliance and risk management business, has acquired Spring Programs Ltd (Spring). Spring is an independent provider of financial regulatory reporting solutions in the UK banking market. Wolters Kluwer Financial Services will undertake the investment via its FRSGlobal business.

  • Swedish logistics specialist establishes UK presence with acquisition of PTS UK Ltd

    Swedish logistics specialist firm, Greencarrier has established a strong UK presence through the acquisition of PTS UK Ltd.  Greencarrier has in recent years expanded substantially within the Nordic countries and the Baltic States. The UK investment now establishes a permanent presence in the UK for the Swedish firm. The agreement was signed on 12 April, 2011 and the acquisition is expected to be completed before the end of May.

  • Emailvision to acquire smartFOCUS Group PLC for approximately £25.3 million in cash

    Emailvision is to acquire smartFOCUS Group PLC, a leading provider of multi-channel marketing and analytics software, for approximately £25.3 million in cash. The Emailvision Board approved the acquisition, noting that it believes combining the businesses of Emailvision and smartFOCUS will further strengthen Emailvision’s position as a worldwide leader of on-demand software for email, mobile and social campaign management.

  • SuperGen Inc. and Astex Therapeutics Limited merge their businesses

    U.S. based pharmaceutical developer of novel cancer therapies, SuperGen Inc. and Astex Therapeutics Limited, a privately held; U.K. based Biotechnology Company developing targeted therapies for oncology and virology, entered into a definitive agreement to merge the two companies.

  • Proact acquires 75 per cent of British firm B2net

    Proact IT Group AB has acquired 75% of the British company B2net for £12 million. Proact has further entered into a binding agreement giving it the opportunity to acquire the remaining 25% which is currently held by B2net management. B2net has about 145 employees in five locations in the UK with a turnover of approximately £48 million.

  • Costain picks up 75 per cent of the share capital of Aberdeen based ClerkMaxwell

    Costain has acquired 75% of the share capital of Aberdeen based ClerkMaxwell. Costain is an international engineering and construction group. ClerkMaxwell is a front-end engineering and operations support services provider operating in the upstream oil & gas sector.

    In addition, the Group has simultaneously entered into a call option, which will provide Costain with the ability to acquire the remaining 25% of the share capital exercisable between 26 April and 31 May 2011.

  • Gennum Corporation acquires Nanotech Semiconductor Limited

    Gennum Corporation has acquired leading fabless IC Company specializing in advanced CMOS mixed-signal ICs for fiber optic communications Nanotech Semiconductor Limited. Under the terms of the acquisition, Gennum paid US$$34 million in cash, plus agreeing to an earn-out.

    The acquisition further strengthens Gennum's growth strategy in the optical transceiver IC market by adding state-of-the-art CMOS products and technology for high volume applications such as Ethernet, PON, and telecom and consumer optics.

  • Walter Meier acquires the UK’s market leader in humidification, JS Humidifiers

    Swiss climate and manufacturing technology group Walter Meier has acquired the UK’s market leader in humidification, JS Humidifiers. Walter Meier expects the acquisition to enable it consolidate its leading position in the global humidification market.

    The UK investment comes after the Swiss firm recently bought its distributor in Denmark. The purchase of JS Humidifiers is a further contribution to Walter Meier’s development strategy of direct involvement in important markets.

  • Ithaca Energy Inc. announces acquisition of UK North Sea Asset

    Ithaca Energy Inc. announced it has entered into an agreement to acquire a 28.46% non-operated interest in the Cook oil field and a 7.41% non-operated interest in the Maclure oil field from Hess Limited. The investment is for a consideration of US$74.5 million and the transfer from Ithaca to Hess of a 10% interest in each of exploration Blocks in the Southern North Sea.

  • Echo Managed Services acquires London based debt collection agency Inter-Credit International

    Echo Managed Services, the leading customer services and billing software provider to UK utilities and public sector announced it has acquired London based debt collection agency, Inter-Credit International.

    Phil Newland, Echo’s Managing Director commented that acquiring a debt business was one of the firm’s key priorities for this financial year. Newland reiterated the investment marks an important milestone as Echo welcomes the Inter-Credit team to Echo.
     

  • PPL Corp. completes acquisition of the UK’s Central Networks electricity distribution business

    PPL Corporation has completed its previously announced acquisition of the Central Networks electricity distribution business, the second-largest such business in the United Kingdom, announced the US based firm Friday.

    PPL, through a U.K. subsidiary, acquired Central Networks from E.ON UK plc for $5.7 billion in cash, inclusive of certain permitted pre-closing adjustments, and $800 million of existing public debt to be assumed through consolidation.

  • NetScout Systems Inc. signs agreement to acquire privately held Psytechnics Inc.

    NetScout Systems Inc. is to acquire privately held Psytechnics Inc.  Psytechnics Inc is an Ipswich, UK based leading provider of performance management technology that enables organizations proactively assure the user experience for unified communications services. Financial terms of the transaction are undisclosed.

  • Collective acquires premium online video advertising network Web TV Enterprise

    New York based firm, Collective has acquired the UK’s premium online video advertising network, Web TV Enterprise. Collective is a full service provider of media and technology solutions for display and video advertising. The deal comes six months after Collective expanded its operations into the UK. The investment was for an undisclosed amount.

  • Essar Energy completes acquisition of Stanlow refinery for US$350 million

    India-focused integrated energy company, Essar Energy plc, announced that through its subsidiary, it has entered into an agreement to acquire Shell UK Ltd’s UK based Stanlow Refinery and other associated assets. The investment is for a consideration of US$350 million, approximately £219 million, in cash.

  • TechTarget Inc. acquires the websites, product offerings, and events associated with the UK’s Computer Weekly

    US based Technology media company TechTarget Inc. is to acquire the websites, product offerings, and events associated with Computer Weekly and its sister channel-targeted brand MicroScope from Reed Business Information Ltd. The investment is expected to close by the end of April.

  • US based insurance data and analytics firm Advisen Ltd acquires UK’s Web Connectivity Limited

    Advisen Ltd has acquired the UK’s leading provider of messaging products and services for the commercial (re)insurance markets in London and Bermuda, Web Connectivity Ltd. Advisen is a global insurance data and analytics provider based in New York. The terms of the transaction were however not disclosed.  

  • GI Partners acquires Advanced Childcare for £28 million

    GI Partners (GI) announced it has acquired the UK’s leading provider of outsourced children’s care and education services, Advanced Childcare (ACL). GI is a leading private equity firm focused on investments in asset-intensive businesses and real estate platforms. The investment was for a consideration of £28 million.

  • Ageas UK acquires Castle Cover Limited for a sum of £52.8 million

    Ageas UK (formerly Fortis) announced Thursday the acquisition of Castle Cover Limited for a sum of £52.8 million. The investment is in line with Ageas UK’s multi-distribution strategy and will increase its customer numbers to around 8 million. Within Ageas UK’s Retail operation, the acquisition is expected to create a combined retail customer base of 2 million and builds on the significant presence Aegis UK already has in the country.
     

  • Hammerson plc to acquire a portfolio of six assets from St. Martins Property Investments Ltd for £208 million

    Hammerson plc has reached an agreement for the acquisition of a portfolio of six assets from St. Martins Property Investments Limited. The investment is for a consideration of £208 million. Hammerson's initial commitment, including transaction costs, is £221 million. Passing rents on the properties are £17.2 million, and after taking account of vacancy charges and other direct costs the yield on purchase price is 7.0%.

  • Teleca completes its acquisition of the UK’s SurfKitchen

    Teleca announced it has acquired UK based SurfKitchen. Teleca is a world-leading supplier of solutions and services to the mobile and connected devices industries. The company, which has approximately 55 employees, helps mobile operators and their partners overcome the discoverability, usability and fulfillment challenges associated with the delivery of mobile applications and services. The acquisition was finalized on February 8, 2011.

  • Brookfield Investment Management acquires European high yield fund management business of Pall Mall Investment

    Brookfield Investment Management (UK) Limited has acquired the European high yield fund management business of Pall Mall Investment Management Limited (Pall Mall). Brookfield Investment is an investment manager authorized and regulated by the Financial Services Authority (FSA) of the United Kingdom.

  • Highcross acquires portfolio of four regional office buildings for £9 million

    Highcross has acquired a portfolio of four regional office buildings located in Preston, Leeds, Sheffield and Hull for a transaction consideration of £9 million. The deal reflects a net initial yield of 12.53 per cent. The acquired portfolio totals 118,806 sq ft and is let to 27 tenants including Hewlett Packard, Lloyds Banking Group, Big Lottery Fund and Storeys SSP.

  • Copart UK Limited completes its acquisition of Hewitt International

    Copart UK Limited, a subsidiary of US based Copart Inc, has completed its acquisition of privately held Hewitt International. With effect from Monday 14th March 2011 the Hewitt facility will be integrated into the Copart nationwide network and be fully operational providing on-line auctions for vehicles and agricultural equipment. Copart has 14 auction facilities throughout the UK. The new facility is based in Wombourne, near Wolverhampton.