Bridgepoint Development Capital has sold its stake in marketing technology and service business Inspired Thinking Group (ITG) to Equistone Partners. Equistone’s investment will be used to push into the US market, as well as accelerating growth throughout Europe. Since its establishment in 2009, ITG has become one of the UK’s largest full-service marketing providers to blue-chip companies. ITG’s marketing automation technology, Media Centre, is used by over 50 leading brands and retailers, including Audi, Heineken, KFC, M&S, Puma and Sainsbury’s.
EFS.Global has acquired the distribution, logistics and warehousing specialist Euro SDB. EFS.Global is one of the North West’s largest freight, logistics and haulage groups with eight depots and offices across the UK. Based in Tamworth, Euro SDB owns a 22,000 sq ft warehouse and runs a fleet of over 40 vehicles ranging from pick-up trucks to double-deck articulated lorries.
Dorling Kindersley, an imprint of Penguin Random House, has agreed to sell travel publisher Rough Guides to APA Publications. APA’s publications include Berlitz and the Insight Guides series, which is popular in Asia whereas DK’s Rough Guides sell well in the UK. APA Publications will acquire Rough Guides’ whole team, including its highly successful digital division. DK’s decision to sell has been prompted by poor sales for its travel publishing business in 2017.
Cybersecurity and software development business Smoothwall has completed an MBO with backing from private equity firm Tenzing. Tenzing is an independent private equity investor that targets buyout investments in high organic growth UK SMEs. Smoothwall specialises in dynamic web filtering technology for the education and public sectors, using real-time content aware analysis to block inappropriate and harmful websites. Ex-COO Michael Marks has led the deal and taken on the role of Group CEO.
Nationwide Window Cleaning has received £1.5m of investment from BGF to support its acquisition of Reflekt Cleaning Company. NWC has seen revenues increase from £7.5m to £14m since BGF’s first investment in 2014, becoming the largest window, gutter and high-level cleaning business in the UK. NWC’s clients include the British Museum, Heathrow Terminal 5, RBS and Sainsbury’s. The acquisition of Reflekt grows this portfolio with other big names that include the BBC, Cadbury, Exxon Mobil and Merck Sharpe & Dohme. Reflekt’s operations are primarily based in the Midlands.
Siegwerk has acquired Van Son Liquids, a manufacturer of high-quality water-based flexo and gravure printing inks. Van Son Liquids will be renamed Siegwerk Hilversum and transfer the entirety of its technical expertise, product portfolio and manufacturing equipment to Siegwerk. The Aquabase+ brand will remain unchanged. Siegwerk employs around 5,000 people in more than 30 countries and is headquartered in Siegburg near Cologne. It has two offices in the UK.
Project and programme management consultancy P2 Consulting has announced that it is to merge with Certeco, one of the UK’s largest business change specialists. The deal has been backed by Lonsdale Capital Partners which funded an MBO of P2 in December 2016, and closely follows P2’s acquisition of financial crime consulting firm FS101. The rationale behind the merger is to create a firm with the breadth of expertise and capacity to challenge the established ‘Top Tier’ consultancies with a service spanning the transformation lifecycle of blue-chip clients. The combined company’s capabilities will encompass portfolio and programme assurance, project and programme delivery, business architecture and design, testing and quality assurance, and implementation.
Event technology services provider PSAV has acquired Hawthorn Theatrical, one of the UK’s largest live event production companies. Hawthorn offers a suite of services that includes creative design, production, lighting, audio, video, staging, power distribution and rigging services. The addition of its talented creative team, technical resources and customer-focused delivery model will strengthen PSAV’s presence in the UK.
ST Telemedia Global Data Centres (STT GDC) has taken full control of VIRTUS Data Centres, increasing on the 49% stake it acquired in 2015. In two years VIRTUS has doubled its number of colocation facilities from two to four and announced plans to create London’s largest data centre campus with two new sites near Stockley Park.
Global specialist healthcare provider BTG plc has announced that it has acquired Roxwood Medical, a provider of advanced cardiovascular specialty catheters. The bolt-on acquisition strengthens BTG’s offering in the interventional vascular niche and will be offered through its existing EKOS sales force. BTG will pay $80m in cash for Roxwood, $15m of which will be paid on the condition of meeting certain commercial targets.