Global private markets investment manager Partners Group is to acquire Civica Group from OMERS Private Equity for just over £1bn. The deal sees OMERS make a 2.6-times return, having acquired Civica in 2013. Civica is a market leader in business-critical software, digital solutions and outsourcing services, specialising in highly regulated sectors. The company currently employs approximately 3,700 people, of which 75% are based in the UK.
Michael Kors has reached an agreement with Jimmy Choo to acquire the entire share capital of the iconic fashion brand. The deal is valued at £896m, representing a 36.5% premium on Jimmy Choo’s share price at the close of business on 21 April 2017. Michael Kors will support the growth of Jimmy Choo through retail store openings and further development of its online presence, as well as expanding the brand’s product range.
Nichols, the company behind Vimto, has announced that it has acquired DJ Drink Solutions. Completed on 2 June, the deal sees Nichols take over its largest out of home dispensed soft drinks distributor in the North West and North East.
Medical products and technologies company ConvaTec Group has agreed to buy a US-based distributor of incontinence and catheter supplies for £92.5m. Woodbury Holdings employs 150 staff and is owned by MTS Health. The acquisition will complement fellow catheter retailer 180 Medical, allowing ConvaTec to create a new home distribution business unit for its Continence & Critical Care category.
Kinaxia Logistics has acquired Mark Thompson Transport. The Warrington based firm focuses on through-the-night logistics and supply chain services, working with companies such as Hermes, DX, TNT and Victoria Plum. The company employs roughly 160 staff and owns 153 vehicles. Kinaxia has hinted that this acquisition will not be the last this year as it seeks to build a flexible and comprehensive haulage and warehousing service.
Bunzl has bought Pixel Inspiration, a UK-based marketing services company specialising in the digital signage sector. Bunzl considers the acquisition a strategic investment with the sector expected to see significant growth over the coming years.
Greenergy has bought independent Irish fuel supplier Inver Energy. Inver’s business activities include import and storage facilities and fuel supply operations in Ireland, as well as an Irish retail dealer network operating under the growing Inver brand. The deal means that Greenergy enters the Irish market for the first time and gains access to the recently constructed AFSC terminal, in which Inver holds a 50% shareholding. Inver also owns a terminal in Cardiff that is partly leased to Greenergy. Inver’s existing management team will remain in place following the deal.
The state pension age for those born between 6 April 1970 and 5 April 1978 is to rise to 68. The Government’s new revised timetable brings forward the age increase by seven years. Latest projections from the Office for National Statistics show that the number of people over state pension age in the UK is expected to grow by a third between 2017 and 2042, from 12.4 million in 2017 to 16.9 million in 2042.
Essential Fleet Services and Go Plant have joined forces to create the UK leader in specialist and commercial vehicle contract hire. Go Plant specialises in the supply of operated and self-drive road sweepers and refuse vehicles to clients in the waste and construction industries. Its takeover creates a group with sales of £80million, over 500 employees and 35 depots and service centres across the UK.
Chemoxy International has been acquired by the global chemistry and pharmaceutical group Novacap. Chemoxy is one of Europe’s largest independent contract manufacturers with two sites in the North East of England. Its purchase will enable Novacap to expand its performance chemicals division. Chemoxy supplies to a wide range of industries, including specialty chemicals, petrochemicals, oil and gas, fuel and lube additives, household and personal care, flavour and fragrance, agricultural chemicals and surface coatings. The acquisition is expected to be completed in August 2017.