Sato, a leading global provider of labelling and auto-identification solutions, has acquired the inline digital printing (IDP) specialist DataLase. DataLase’s high-speed, inkless technology is used in high-volume, fast-moving industries such as manufacturing, logistics, pharmaceuticals and food and beverage.
The acquisition of education directory company Hotcourses Group has been agreed with the Australian firm IDP Education for £30.1m. Hotcourses’ portfolio of websites includes Whatuni, Hotcourses and The Complete University Guide. The company’s sale means that the current Health Secretary, Jeremy Hunt, joint-founder of Hotcourses and owner of a 48% stake in the company, will profit from a £14m windfall.
Capex Asset Finance, a specialist provider of capital financing solutions for businesses, has been sold by Square One Law to Maxxia UK. Maxxia hopes to benefit from the companies’ combined expertise in the asset finance market.
Manchester-based property services group Styles&Wood has acquired the specialist mechanical, electrical and environmental consultancy GDM Group. The £4m deal allows Styles&Wood to strengthen its multidisciplinary service provision to blue-chip clients.
Xtralite Rooflights has been acquired by JET Group. Xtralite employs 90 people from its Northumberland base and specialises in rooflights and structural glazing solutions. JET Group employs almost 700 people across 12 countries in Europe, operating as the skylight and rooflight manufacturer JET Cox in the UK. The two businesses will continue to operate independently.
The legal business DWF has bought the multidisciplinary commercial claims company Triton out of administration, saving 215 jobs. In addition to Triton’s successful insurance business, the deal includes a range of legal services including a professional indemnity defence practice, a specialist casualty practice and an expert loss adjusting service. Furthermore, DWF will take over Triton’s technology business 3Sixty, a specialist software consultancy that provides technical services and support to the insurance, legal, logistics and public sectors. 3Sixty will merge with 15squared, which is DWF’s own tech business that develops products for the insurance and health & safety sectors.
The chemicals manufacturer Innospec has completed the acquisition of Huntsman’s European surfactants business. Huntsman’s surfactants operations are currently managed from Belgium and include manufacturing bases in France, Italy and Spain. The business will be integrated into Innospec’s Performance Chemicals arm.
The management team of Fishawack Group have completed a management buyout worth £38m. The MBO has been backed by private equity firm LDC and sees the exit of previous investors Growth Capital Partners. Employing over 240 people and with offices in the USA, Switzerland, India and Brighton, Manchester and Oxford in the UK, Fishawack is a medical communications group that works with 15 of the top 20 pharma companies worldwide.
Tesco has announced its intention to merge with Booker Group in a deal that sees the UK’s leading food retailer and leading food wholesaler join forces. Booker operates a cash and carry network with 200 branches nationwide and owns the Londis and Budgens supermarket brands. The merger is worth an estimated 3.7bn, and will result in Booker shareholders owning approximately 16% of the group. Tesco expects to benefit from the two companies’ shared expertise in retail, wholesale, supply chain and digital, and has emphasised its desire to invest in the growing ‘out of home’ food market.
The independent investment management group Rasmala has acquired a controlling stake of 68% in Orchard Apartments. Orchard is a leading owner, operator and developer of boutique corporate serviced apartments in the UK.