Park Place Technologies acquires NCE Group

Park Place Technologies has made its largest acquisition ever with the takeover of NCE Group, a global provider of third-party data centre maintenance and repair. The acquisition further boosts Park Place’s global client portfolio and European presence, following its recent acquisition of Prestige Data Centre Solutions in May. Headquartered in Wiltshire and with a major office in the US, NCE Group is a prominent player in the third-party maintenance and post-warranty enterprise hardware industry. The company will immediately begin integrating operations, channel partners, customers and its 280 employees with Park Place.

Canada Life Group has strengthened its UK presence with the acquisition of Retirement Advantage. Retirement Advantage has over 30,000 pension and equity release customers, and more than £2bn assets under management. The deal takes the number of annuity providers in the UK open market to just six.

Multinational advertising and PR group WPP has acquired Design Bridge, an award-winning brand design agency. Design Bridge has a client base that ranges from challenger brands to iconic global names such as AkzoNobel, Diageo, Mondelēz and Unilever. As well as a London HQ, Design Bridge has studios in Amsterdam, New York and Singapore. It raised revenues of £40m in the calendar year 2016. Design Bridge will continue to operate as a distinct and independently-positioned brand within the WPP group following the deal.

Rockpool Investments has invested £5m in a buy-in management buyout of workwear provider Wearwell. Established in 1939, Wearwell supplies workwear that ranges through chefs’ whites to lab coats and boiler suits. The deal sees Richard Wright, former vice president of international workwear business Kwintet, become Wearwell’s CEO.

HgCapital has sold Sequel Business Solutions, a services and software provider to Lloyd’s of London and the wider insurance market, to Verisk Analytics for £250m. Since procuring investment from HgCapital in 2014, Sequel has broadened its key Eclipse product to support a full range of complex risk activities, including risk aggregation, claims management and reinsurance. The company has also seen a compound revenue growth of 14% per annum and its customer numbers treble. Verisk is a US-based data analytics provider specialising in property/casualty insurance, natural resources and financial services. HgCapital has made £20.2m on the sale.

Briggs Equipment has bought Irish Lift Trucks, a Dublin based dealer of Hyster forklifts, pallet stackers and other materials handling equipment. The acquisition of ILT consolidates Briggs Equipment’s position as a market leading Hyster dealer, and allows it to retain an EU presence while uncertainty in the UK economy lingers on.

Endless has backed a management buyout at Sewtec Automation, a £22m turnover robotics specialist based in Yorkshire. With exports making up 85% of its sales, Sewtec solves production and packaging challenges for companies in the food, pharmaceutical, personal care and tobacco sectors around the world. Endless cites the trend of increased automation in manufacturing as part of the rationale for their investment.

Stonegate Pub Company has beat out interest from Deltic Group to acquire Revolution Bars for £101.5m. Stonegate will acquire the entire issued share capital of Revolution Bars Group for 203p per share, a premium of 62% on its closing share price on 28 July. Headquartered in Luton, Stonegate is the fourth largest managed pubs company in the UK with 689 sites and 13,100 employees nationwide. Revolution Bars Group owns 68 establishments in towns and cities across the UK, focusing on students and young professionals with a premium drinks and cocktails offering.

Morson Group has acquired The Bridge (IT Recruitment) Limited. Morson is the UK’s leading technical recruiter and project management company, with a turnover in excess of £800m and a presence across the globe in sectors ranging through aerospace, defence, energy, infrastructure, IT, rail and oil & gas. The Bridge is based in Leeds and becomes a wholly owned subsidiary of Morson Group with this deal.

Danish oil & gas group AP Moller has agreed to sell its oil exploration and production arm Maersk Oil to Total for $7.45bn. The acquisition is to be paid for entirely in shares, giving AP Moller a 3.75% stake in the French oil group. Maersk Oil employs 15,000 people and is the main operator in the Danish portion of the North Sea. Maersk Oil also manages several offshore installations and project developments in the UK; these include the Culzean gas development, of which it is the operator and holds a 49.9 % ownership. The company’s acquisition makes Total the second largest North Sea operator.

Canada Life takes over Retirement Advantage

Canada Life Group has strengthened its UK presence with the acquisition of Retirement Advantage. Retirement Advantage has over 30,000 pension and equity release customers, and more than £2bn assets under management. The deal takes the number of annuity providers in the UK open market to just six.

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WPP buys Design Bridge

Multinational advertising and PR group WPP has acquired Design Bridge, an award-winning brand design agency. Design Bridge has a client base that ranges from challenger brands to iconic global names such as AkzoNobel, Diageo, Mondelēz and Unilever. As well as a London HQ, Design Bridge has studios in Amsterdam, New York and Singapore. It raised revenues of £40m in the calendar year 2016. Design Bridge will continue to operate as a distinct and independently-positioned brand within the WPP group following the deal.

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Rockpool Investments backs BIMBO at Wearwell

Rockpool Investments has invested £5m in a buy-in management buyout of workwear provider Wearwell. Established in 1939, Wearwell supplies workwear that ranges through chefs’ whites to lab coats and boiler suits. The deal sees Richard Wright, former vice president of international workwear business Kwintet, become Wearwell’s CEO.

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HgCapital sells Sequel Business Solutions for £250m

HgCapital has sold Sequel Business Solutions, a services and software provider to Lloyd’s of London and the wider insurance market, to Verisk Analytics for £250m. Since procuring investment from HgCapital in 2014, Sequel has broadened its key Eclipse product to support a full range of complex risk activities, including risk aggregation, claims management and reinsurance. The company has also seen a compound revenue growth of 14% per annum and its customer numbers treble. Verisk is a US-based data analytics provider specialising in property/casualty insurance, natural resources and financial services. HgCapital has made £20.2m on the sale.

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Briggs Equipment acquires Irish Lift Trucks

Briggs Equipment has bought Irish Lift Trucks, a Dublin based dealer of Hyster forklifts, pallet stackers and other materials handling equipment. The acquisition of ILT consolidates Briggs Equipment’s position as a market leading Hyster dealer, and allows it to retain an EU presence while uncertainty in the UK economy lingers on.

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Endless backs MBO at Sewtec Automation

Endless has backed a management buyout at Sewtec Automation, a £22m turnover robotics specialist based in Yorkshire. With exports making up 85% of its sales, Sewtec solves production and packaging challenges for companies in the food, pharmaceutical, personal care and tobacco sectors around the world. Endless cites the trend of increased automation in manufacturing as part of the rationale for their investment.

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Stonegate beats Deltic Group to Revolution Bars

Stonegate Pub Company has beat out interest from Deltic Group to acquire Revolution Bars for £101.5m. Stonegate will acquire the entire issued share capital of Revolution Bars Group for 203p per share, a premium of 62% on its closing share price on 28 July. Headquartered in Luton, Stonegate is the fourth largest managed pubs company in the UK with 689 sites and 13,100 employees nationwide. Revolution Bars Group owns 68 establishments in towns and cities across the UK, focusing on students and young professionals with a premium drinks and cocktails offering.

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Morson Group acquires IT recruiter The Bridge

Morson Group has acquired The Bridge (IT Recruitment) Limited. Morson is the UK’s leading technical recruiter and project management company, with a turnover in excess of £800m and a presence across the globe in sectors ranging through aerospace, defence, energy, infrastructure, IT, rail and oil & gas. The Bridge is based in Leeds and becomes a wholly owned subsidiary of Morson Group with this deal.

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Total buys Maersk Oil to become second largest North Sea operator

Danish oil & gas group AP Moller has agreed to sell its oil exploration and production arm Maersk Oil to Total for $7.45bn. The acquisition is to be paid for entirely in shares, giving AP Moller a 3.75% stake in the French oil group. Maersk Oil employs 15,000 people and is the main operator in the Danish portion of the North Sea. Maersk Oil also manages several offshore installations and project developments in the UK; these include the Culzean gas development, of which it is the operator and holds a 49.9 % ownership. The company’s acquisition makes Total the second largest North Sea operator.

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Factory to launch brand licensing division following takeover of Rollo Rights

Manchester-based animation studio Factory plans to launch a brand licensing division following its acquisition of Rollo Rights. Rollo Rights is the owner of the children’s TV classic Mr Benn, as well as a host of other brands. The new rights ownership arm will be called Factory Rights and support Factory’s main studio production business.

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