Skip to main content

Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions. Electric Marketing provides this service as free to access here, or it can be emailed to you monthly. Just Sign Up

Tue, 04/08/2020
Curtis Banks has completed a double acquisition, Talbot and Muir for £25.25m and Dunstan Thomas for £27.5m. Talbot and Muir is a provider of software as a service products to financial advisers and has offices in Nottingham and Leeds. Dunstan Thomas is a fintech company with clients including Canada Life, Seven IM, Aegon and Novi.
Tue, 04/08/2020
A new top 75 law firm has been created following the announcement that Taylor Rose TTKW has acquired McMillan Williams.
Tue, 04/08/2020
The Business advisory firm Quantuma has merged with K3 Capital Group in a deal worth an initial £26.95m. The deal enables K3, a multi-disciplinary professional services firm, to increase its services in restructuring, corporate finance, tax advisory, forensic accounting and expert witness services.
Tue, 04/08/2020
551 jobs have been saved following the announcement that administrators have sold the brands and certain assets of the restaurant chain Byron to the investment firm Calveton UK. However, 31 Byron restaurants are not included in the deal and will close, resulting in 651 job losses. Byron was established in 2007 and is the latest restaurant chain to be hit hard by the COVID-19 pandemic.
Tue, 04/08/2020
The private equity firm Epiris has bought the majority of the business and assets of Casual Dining Group (CDG) out of administration. CDG, the owner of the Bella Italia, Cafe Rouge and Las Iguanas restaurant chains, will be rebranded to The Big Table.
Tue, 04/08/2020
Fintech Gresham Technologies has bought cloud-based technology specialist Inforalgo.
Tue, 04/08/2020
The private equity firm Growth Capital Partners has sold The DMW Group to Omnicom Group subsidiary Credera. DMW is a technology consultancy which includes Lloyds of London, Google and Burberry among its clients.
Tue, 04/08/2020
Hays Travel is to cut up to 800 jobs in the wake of the Government’s decision to quarantine holidaymakers for 14 days on their return from Spain. The sudden imposition of the new quarantine rules triggered the cancellation of hundreds of thousands of holidays, dealing a major blow to the travel agent’s attempts to salvage something from the 2020 summer holiday market. The job losses represent about 20% of the workforce of the company that bought most of Thomas Cook’s UK stores when that business collapsed in 2019.
Fri, 10/07/2020
John Lewis is to permanently close its department stores in Birmingham and Watford and its outlets at St Pancras Station and Heathrow Airport as well as its ‘At Home’ stores in Croydon, Newbury, Swindon and Tamworth. The closures put 1,300 jobs at risk.
Wed, 08/07/2020
The drug delivery specialist Avanti has been acquired by Croda International for £150m. The deal doubles Croda’s research and development capability in drug delivery.