Renowned venture capitalist Jon Moulton and Aspinall Capital Partners have made a joint acquisition of Birmingham based engineering company Vertik-Al. The £11m turnover business was the first to introduce vertical powder coating of aluminium to the UK, and has remained the market leader in this process. Powder coating represents over 15% of the industrial finishing market.
Equiom has acquired Eagle Consulting, an Inverness based professional services outsourcing firm. Eagle Consulting provides management and statutory accounting, payroll, tax and compliance services, direct debiting and treasury services, and is the second largest BACS bureau in the UK. The acquisition will improve Equiom’s accountancy offering and see the addition of 64 Eagle staff to the group.
Treetops Nurseries has been acquired by Busy Bees, the largest childcare provider in the UK. Busy Bees provides training for more than 8,000 staff and cares for over 35,000 children nationwide. Treetops Nurseries’ 61 sites are predominantly located in the South East and East of England and will grow Busy Bees’ portfolio to a total of 329 nurseries.
GE Healthcare has acquired Monica Healthcare, a University of Nottingham business that has developed a new technology for monitoring expectant mothers. Monica’s wireless fetal monitors were used by over 100,000 patients worldwide last year.
32Red has accepted a £175.6m offer from Swedish online gaming company Kindred Group. The acquisition will include 32Red’s portfolio of online casino, poker, bingo and sports betting websites, bolstering Kindred’s position in the UK gaming market. 32Red employs approximately 125 people at its offices in Gibraltar.
Management and technology consultancy BearingPoint has acquired LCP Consulting, the UK-based supply chain management specialist. The deal will enhance BearingPoint’s operations service line and its capabilities in the retail, consumer goods and manufacturing sectors, as well as adding several large UK retailers to its client list.
Lion Capital has completed a £72m deal to acquire fast-growing sports nutrition company Grenade Holdings from Grovepoint Capital and the company’s founders. Lion is a consumer-facing private equity firm known for investing in food brands including Weetabix, Kettle Chips and Orangina-Schweppes. Grenade produces a range of high protein bars and drinks that are sold in over 100 countries worldwide. In February it was number 40 on the SME Export Track 100 in The Sunday Times.
Mills & Reeve has announced a merger with fellow London law firm Maxwell Winward, which is known for its real estate, surety, projects and construction practices. The combined company will operate as Mills & Reeve from from 1 June 2017, when the two companies officially merge.
Hilco Capital and ex-Selection Services CEO Alan Cantwell have reached an agreement to acquire Misco, the European IT solutions arm of Systemax. Following the deal Systemax will focus on its industrial products business in America and France whilst Misco will be led by the management buy-in team headed by Alan Cantwell. Misco is one of Europe’s largest suppliers of IT hardware, software and services, employing more than 1,000 people across the continent and boasting a turnover in excess of £400m.
Following on from its purchase of M247 in October 2016, Metronet has taken over the fibre network provider Venus Business Communications. The acquisition improves Metronet’s capabilities in the strategically important London market as it seeks to build its transit network across Europe. The deal adds six datacentres to the Livingbridge-backed firm’s portfolio and takes its workforce to 230 people.