Valtech acquires Bristol digital agency

Global digital agency Valtech has acquired UK counterpart True Clarity, a specialist in e-commerce and experience platforms such as Sitecore. The deal adds brands including ASOS, Dyson and EasyJet to the company’s client portfolio, and sees the addition of a Bristol site to Valtech’s existing offices in London and Manchester.

Merchanting and DIY group Grafton has bought Leyland SDM for £82.4m. Leyland SDM is a trusted decorating and DIY brand in Central London, selling paint, tools, ironmongery and accessories. The business has a network of 21 mostly high street stores situated in some of London’s most prominent locations, such as King’s Road Chelsea, High Street Kensington and Shaftesbury Avenue, as well as a distribution centre in Wembley.

Audioboom has been incorporated into Triton Digital following a reverse takeover. Audioboom is a leading spoken word audio on-demand platform for hosting, distributing and monetising content. It has bought Triton Digital for approximately £134m in cash. The group plans to fund the acquisition through a share placement with which it hopes to raise around £155m.

Business advisory company KPMG has acquired the Identity and Access Management (IAM) business of Silicon Valley tech firm Cyberinc, which has operations in Wetherby and Scarborough. Cyberinc IAM provides advisory, strategy, implementation and managed services for organisations needing to transform their enterprise or consumer identity capabilities. Cyberinc’s staff will merge with KPMG’s cybersecurity team in Leeds.

Scottish timber processing and distribution company Thornbridge has merged with North Yorkshire Timber with backing from Cairngorm Capital Partners. Established in 1979, NYTimber is one of the largest independent timber merchants in the North East of England. It has a dedicated 120,000 sq ft design, manufacturing and distribution centre in Brompton-on-Swale and is supported by seven branch outlets. In 2017, NYTimber had revenues of over £18m and employed over 200 staff. The deal gives Thornbridge access to NYTimber’s specialist roofing solutions division, expanding its product offering. The enlarged group will have 15 branches across the UK, generating revenues of over £50m and employing over 360 people.

Encore Envelopes has acquired Leeds manufacturer Great Northern Envelope Company (GNE) out of administration, protecting 129 jobs. GNE will continue to trade under the same name following the deal.

AIM-listed research and development firm Plant Impact has been bought by Croda Europe in a £10m deal. Croda is a global chemicals and ingredients producer for some of the world’s biggest consumer brands. Plant Impact specialises in crop enhancement products that improve crop yield and quality.

Reconomy has completed the takeover of waste management broker Waste Check, expanding its national footprint and coverage of sectors. Based in Bromsgrove, Waste Check specialises in the compliant disposal of clinical and chemical waste materials for businesses operating in sectors including healthcare, retail and care homes. Reconomy provides waste management services across housebuilding, commercial construction and infrastructure, managing over 3m tonnes of waste in 2017 with 93% of this directed away from landfill. This latest acquisition follows a flurry of recent M&A activity by the company, which is predicting revenues of £135m by the end of 2018.

Edinburgh Woollen Mill Group has acquired men’s tailoring business Berwin & Berwin out of administration, securing the jobs of 800 employees. The deal includes the Lambretta, Paul Costelloe and Baumler brands, 36 menswear concessions and outlets, and all existing stock. Berwin & Berwin will open a further five menswear concessions in 2018 and its brands will be stocked in EWM Group’s Days Department Stores and other outlets within the group.

Sky has maintained its position as the main broadcaster of Premier League football in the UK following the announcement that it has won the right to show 128 games per season through to the end of the 2021/22 campaign. Sky will pay £1,193 million per season for the exclusive rights to show live Premier League football in the highest rating slots, including Friday night, Saturday night, Sunday double headers and Monday night football. BT will screen one game per week at Saturday lunchtime, although this might increase when the midweek packages of games are sold. Sky is paying 16% less per game compared to its current arrangement, making it unlikely that the Premier League will raise as much money as it did for the 2016-19 UK rights, although it will hope international rights continue to rise in value.

Valtech acquires Bristol digital agency

Global digital agency Valtech has acquired UK counterpart True Clarity, a specialist in e-commerce and experience platforms such as Sitecore. The deal adds brands including ASOS, Dyson and EasyJet to the company’s client portfolio, and sees the addition of a Bristol site to Valtech’s existing offices in London and Manchester.

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Grafton Group buys Leyland SDM for £82.4m

Merchanting and DIY group Grafton has bought Leyland SDM for £82.4m. Leyland SDM is a trusted decorating and DIY brand in Central London, selling paint, tools, ironmongery and accessories. The business has a network of 21 mostly high street stores situated in some of London’s most prominent locations, such as King’s Road Chelsea, High Street Kensington and Shaftesbury Avenue, as well as a distribution centre in Wembley.

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Audioboom merges with Triton Digital in £134m deal

Audioboom has been incorporated into Triton Digital following a reverse takeover. Audioboom is a leading spoken word audio on-demand platform for hosting, distributing and monetising content. It has bought Triton Digital for approximately £134m in cash. The group plans to fund the acquisition through a share placement with which it hopes to raise around £155m.

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KPMG acquires cybersecurity assets from Cyberinc

Business advisory company KPMG has acquired the Identity and Access Management (IAM) business of Silicon Valley tech firm Cyberinc, which has operations in Wetherby and Scarborough. Cyberinc IAM provides advisory, strategy, implementation and managed services for organisations needing to transform their enterprise or consumer identity capabilities. Cyberinc’s staff will merge with KPMG’s cybersecurity team in Leeds.

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Cairngorm Capital backs Thornbridge and NYTimber merger

Scottish timber processing and distribution company Thornbridge has merged with North Yorkshire Timber with backing from Cairngorm Capital Partners. Established in 1979, NYTimber is one of the largest independent timber merchants in the North East of England. It has a dedicated 120,000 sq ft design, manufacturing and distribution centre in Brompton-on-Swale and is supported by seven branch outlets. In 2017, NYTimber had revenues of over £18m and employed over 200 staff. The deal gives Thornbridge access to NYTimber’s specialist roofing solutions division, expanding its product offering. The enlarged group will have 15 branches across the UK, generating revenues of over £50m and employing over 360 people.

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Encore Envelopes buys GNE out of administration

Encore Envelopes has acquired Leeds manufacturer Great Northern Envelope Company (GNE) out of administration, protecting 129 jobs. GNE will continue to trade under the same name following the deal.

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Croda Europe seals £10m deal for Plant Impact

AIM-listed research and development firm Plant Impact has been bought by Croda Europe in a £10m deal. Croda is a global chemicals and ingredients producer for some of the world’s biggest consumer brands. Plant Impact specialises in crop enhancement products that improve crop yield and quality.

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Reconomy acquires Waste Check

Reconomy has completed the takeover of waste management broker Waste Check, expanding its national footprint and coverage of sectors. Based in Bromsgrove, Waste Check specialises in the compliant disposal of clinical and chemical waste materials for businesses operating in sectors including healthcare, retail and care homes. Reconomy provides waste management services across housebuilding, commercial construction and infrastructure, managing over 3m tonnes of waste in 2017 with 93% of this directed away from landfill. This latest acquisition follows a flurry of recent M&A activity by the company, which is predicting revenues of £135m by the end of 2018.

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800 jobs saved as Berwin & Berwin finds buyer

Edinburgh Woollen Mill Group has acquired men’s tailoring business Berwin & Berwin out of administration, securing the jobs of 800 employees. The deal includes the Lambretta, Paul Costelloe and Baumler brands, 36 menswear concessions and outlets, and all existing stock. Berwin & Berwin will open a further five menswear concessions in 2018 and its brands will be stocked in EWM Group’s Days Department Stores and other outlets within the group.

Leave a Reply

Sky’s the limit for Premier League as value of broadcast rights declines

Sky has maintained its position as the main broadcaster of Premier League football in the UK following the announcement that it has won the right to show 128 games per season through to the end of the 2021/22 campaign. Sky will pay £1,193 million per season for the exclusive rights to show live Premier League football in the highest rating slots, including Friday night, Saturday night, Sunday double headers and Monday night football. BT will screen one game per week at Saturday lunchtime, although this might increase when the midweek packages of games are sold. Sky is paying 16% less per game compared to its current arrangement, making it unlikely that the Premier League will raise as much money as it did for the 2016-19 UK rights, although it will hope international rights continue to rise in value.

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