Invest in UK News

  • Renewables investment specialist, FIM Services, acquires South Wales wind farm

    Renewables investment specialist FIM Services has bolstered its onshore wind farm portfolio with the acquisition of a South Wales facility. Oxfordshire-based FIM acquired the Mynydd Portref wind farm from Tegni Cymru Cyf (TCC).

    Expected output is 21.6 GWh of renewable energy – sufficient to provide power for about 4,500 homes and save 9,000 tonnes of C02 emissions from fossil fuels.

  • British Land buys modern, high quality property in Maidenhead town centre for £74 million

    British Land announced Wednesday that it has purchased Grenfell Island, a prime office and leisure scheme totaling 198,000 sq ft in Maidenhead town centre, for £74 million representing a net initial yield of 7.5%.

    The property comprises 113,000 sq ft of high quality, flexible office space let to Hutchison 3G UK Ltd, as the UK headquarters of Hutchison Whampoa Ltd a leading global telecommunications and data services provider. The unexpired lease term is 9.5 years.
     

  • Drivers Direct expands with the acquisition of company with branches in Crewe and Derby

    Drivers Direct, a specialist recruitment company, has expanded with the acquisition of Transport Solutions, with branches in Crewe and Derby, which is run by a former employee.

    The company, which specializes in the recruitment and placement of temporary and permanent drivers of all classes, announced it has acquired Transport Solutions whose branches will add to its extensive UK-wide network, and strengthen its presence in the North West region.

  • Renishaw to acquire Bosch manufacturing facility

    Renishaw, the UK-based engineering company, announced a series of initiatives designed to provide the additional capacity required for its anticipated business growth over the longer term. These include the acquisition of the soon to be vacant Bosch manufacturing facility, located to the west of Cardiff, Wales, and the submission of planning applications to extend three of its existing facilities in Gloucestershire.

  • UBM sells its UK entertainment and technology business titles for £2.4 million

    UBM plc Monday announced that it has signed an agreement to sell its UK entertainment and technology product portfolio to Intent Media Ltd for a total cash consideration of £2.4 million. UBM is selling the portfolio on behalf of its UBM Connect division.

    The transaction is expected to complete in the next six weeks, subject to the conclusion of a TUPE consultation process.

  • The Carlyle Group to Acquire motoring services provider RAC Ltd from Aviva

    Global alternative asset manager The Carlyle Group announced today that it has reached an agreement to acquire RAC Limited, the motoring services provider, from Aviva plc. The transaction represents an enterprise value of £1 billion. Completion, which is subject to regulatory and competition approvals, is expected at the end of the third quarter of 2011.

  • Genesco Inc. acquires UK based fashion footwear retailer Schuh Group Ltd

    Genesco Inc. Thursday announced that it has acquired Schuh Group Ltd., a specialty retailer of casual and athletic footwear based in the United Kingdom. The purchase price paid at closing was £100 million, subject to closing adjustments; less £29.5 million outstanding under existing Schuh credit facilities, which remain in place.
     

  • Taalus Ltd purchases Ethos Systems Limited

    Taalus Ltd announced that it has acquired certain assets (but not liabilities) of Ethos Systems Ltd, a leading national provider of specialist office support services and products.
    Taalus is a leading, national force in the delivery of Print, Office and AV Solutions. Supported by a national field force of trained print and AV engineers, the company offers a unique service support solution across a wide range of print, AV and telco formats.

  • Rontec Investments LLP buys Total’s Retail Marketing and Fuel Distribution assets

    Total has signed a sale and purchase agreement to sell most of its Marketing assets in the United Kingdom, the Channel Islands and the Isle of Man to Rontec Investments LLP, a consortium led by Snax 24, one of the leading independent forecourt operators in the UK.
     
    The assets included within this agreement consist of Total’s UK retail network, comprising 810 Total-branded service stations, its Butler heating oil business, the associated logistics infrastructure, as well as its Channel Islands and Isle of Man businesses.
     

  • Mission Capital Plc acquires Business Advisory Service Limited

    Mission Capital Plc, the holding company of Quindell Limited, a leading reselling and sales outsourcing company with expertise in technology, telecoms, utilities, leisure, retail and franchise, announced Tuesday that it has acquired the entire issued share capital of Business Advisory Service Limited and its associated companies for L8.2 million.

  • Bosideng purchases Property to Construct Landmark Building

    Bosideng International Holdings Limited, the largest down Apparel Company in China, announced that it has acquired a property at 28 South Molton Street near the Oxford Street shopping area in the West End of London at a consideration of HK$240 million.

    The property will be turned into the Group’s down apparel and menswear flagship store and its headquarters in Europe. This will be the first overseas down apparel and menswear flagship store of Bosideng which marks an important move of the Group’s expansion in the UK market.

  • Markerstudy Group completes acquisition of Tonbridge Coachworks Vehicle Repair Group

    Markerstudy Group has completed its acquisition of Tonbridge Coachworks Vehicle Repair Group (which includes Tonbridge Coachworks, European Automotive Solutions and Canterbury Accident Repair Specialist).

    With more than 900 members of staff and annual revenue in excess of £500 million, this latest move by Markerstudy Group will provide a secure platform for Tonbridge Coachworks to expand and progress.

  • Provexis plc acquires sports nutrition products manufacturer, Science in Sport Ltd

    Provexis plc, the life-science business that discovers, develops and licenses scientifically-proven functional food, medical food and dietary supplement technologies, announced that it has entered into a conditional agreement to purchase the entire issued share capital of SiS (Science in Sport) Limited.

  • YuMe launches YuMe Europe with its first office in London, and the acquisition of Appealing Media

    YuMe, the leading relevant video advertising technology company, announced the launch of YuMe Europe with its first office in London, and the acquisition of Appealing Media, the premium mobile video advertising company serving customers such as ESPN, IPC Media, Bauer Media, and Universal McCann. Already a leader in the UK market, Appealing Media brings seasoned executives and tested technology and network properties to YuMe.

  • Vislink plc acquires the entire issued share capital of Gigawave Limited

    Vislink plc, the global technology business specializing in secure communications products and services for the news & entertainment and law enforcement & public safety markets, announced it acquired the entire issued share capital of Gigawave Limited for a cash consideration of £3.75 million.

  • Ryder completes its acquisition of the UK’s Hill Hire plc

    Ryder Europe announced that it has completed the purchase of 100% of the equity in nationwide truck rental and contract hire company Hill Hire from Lloyds Banking Group. The cash transaction values Hill Hire at £154 million.

    The purchase was agreed by both parties based on the strength of the Ryder bid and the significant complementary benefits of bringing the two businesses together.

  • Verity Systems sells all the technology and production rights of the HP based Panther printing system

    Microtech Systems announced Monday it has acquired all the technology and production rights of the Hewlett Packard (HP) based Panther printing system from former UK printer supplier, Verity Systems. Verity Systems ceased production of the popular ink jet based system in first quarter of this year to focus on their core business of magnetic degaussing systems and solutions.

  • Hempel acquires UK-based decorative coatings manufacturer Crown Paints

    Danish-based company, Hempel, announced Friday the acquisition of UK-based decorative coatings manufacturer, Crown Paints Ltd. The move comes as part of the company’s One Hempel – One Ambition growth strategy.
     
    The Decorative segment represents a significant part of the global coatings industry and is expected to keep growing. Therefore, the acquisition of a company strong in the Decorative market is an important part of Hempel’s strategy.

  • idoodlesoftware inc. in license agreement for entire software portfolio of the UK’s Immersive Education Limited

    idoodlesoftware inc., an education software company offering innovative solutions to bridge the gap between traditional and digital learning, announced Friday that it has signed an exclusive license for North and Central America and the Caribbean with the United Kingdom's pre-eminent educational software developer Immersive Education Limited for their entire software portfolio.
     

  • Ryder System Inc. acquires Bradford, England-based Hill Hire plc

    Ryder System Inc, a leader in commercial transportation and supply chain management solutions, Thursday announced it has acquired Bradford, England-based Hill Hire plc, an independently run and wholly owned subsidiary of Lloyds Banking Group.

    Hill Hire is a UK market leader in commercial truck leasing, rental and maintenance, with a solid base of contractual customers. The stock acquisition was completed on June 8, 2011 at a cash price of approximately £154 million (approximately $252 million).

  • Concur to acquire privately held GlobalExpense

    Concur, a leading provider of integrated travel and expense management Wednesday announced it has agreed to acquire privately held GlobalExpense, a London-based market leader in Web-based end-to-end expense management, for £12 million.

    The acquisition also includes a performance-based contingent earn-out of up to £2 million. Concur expects the acquisition to close in its fourth fiscal quarter. The acquisition is subject to customary closing conditions.

  • Air Business buys the UK’s premier subscription and publishing services bureau

    St. Albans-based Air Business has successfully acquired Quadrant Subscription Services (QSS), one of the UK’s premier subscription and publishing services bureau. The deal sees QSS transferring ownership from Reed Business Information, who will remain as a client for the long-term, to become part of the expanding Air Business group. The acquisition is further indication that Air Business is continuing to pursue its stated strategy of intelligent growth.

  • Dentsu Acquires Steak Group Ltd

    Dentsu, the world’s number one consolidated agency network and the world’s fifth largest marketing communications holding company, announced Friday that it has acquired 100% of the share capital of Steak Group.

  • Jones Group Inc. acquires Europe's largest luxury shoe retailer based in the United Kingdom

    The Jones Group Inc. announced it has acquired Kurt Geiger, Europe’s largest luxury shoe retailer based in the United Kingdom, from Graphite Capital, a leading UK mid-market private equity firm.

    The investment was for a cash consideration of approximately $350 million (or 215 million pounds Sterling) in cash, inclusive of debt acquired. The transaction, which was financed with cash on hand, is expected to be immediately accretive to earnings per share, exclusive of any required purchase accounting adjustments.