Long Tall Sally, a clothing brand specialising in apparel for tall women, has bought Dutch retailer Pretty Tall. The deal gives Long Tall Sally control of two retail outlets in the Netherlands.
Safestore has acquired Stork Self Storage, increasing its UK portfolio by 12 to 120 stores. The deal is worth £56m and reinforces Safestore’s standing as the largest self-storage company in the country. This latest acquisition closely follows another £56m deal for Alligator Self Storage in September, which again added 12 sites to Safestore’s portfolio.
Professional services giant Aon has agreed to buy Henderson Insurance Broking Group. Headquartered in Leeds, Henderson Insurance Broking Group is one of the UK’s largest independent brokers, focusing on general insurance, health and benefits and trade credit insurance, and employing over 400 people. It will join Aon Risk Solutions UK, supporting Aon’s ambition of growing its UK retail businesses by increasing its footprint in the mid-market and specialist sectors.
Japanese technical staffing company Trust Tech has announced plans to acquire a 75% stake in Gap Personnel Group. A subsidiary of 1998 Holdings, Gap Personnel specialises in providing staff to the UK logistics, food and manufacturing sectors. The deal forms part of Trust Tech’s strategy to expand its scope in worker dispatch services for the engineering and manufacturing fields, as well as broadening its offering to include new sectors such as IT and soft services.
Carillion has continued its sell-off with the disposal of its two-thirds stake in Ask Real Estate and 50% interest in Ask Carillion Developments. Dukehill has acquired these assets for £13.8m. Carillion bought its majority stake in Ask in January 2016 with the aim of creating a £500m pipeline of commercial property development activity across the Northern Powerhouse region. This deal closely follows the £50m sale of its healthcare facilities management business to rival firm Serco. Carillion has been thrown into crisis after issuing a large profit warning in July. The company is aiming to raise £300m through the sale of various assets by the end of 2018.
Carpets and floorcoverings group Victoria is expanding its product range with the purchase of Italian ceramic flooring manufacturer Ceramiche Serra. The deal is worth £50.4m, with £32.6m to be paid on completion and the remaining balance to be paid over four years on the condition of certain financial targets being met. Ceramiche Serra supplies to a combination of wholesalers, retail groups and independent stores throughout Continental Europe, North America and the Far East. The deal is Victoria’s entry into the ceramic flooring market, which is the largest sector in the world, making up 60% of flooring sold globally and 30% of flooring sold in Europe.
Medtech firm Smith & Nephew has agreed a $200m deal to take over Rotation Medical Inc, a developer of novel tissue regeneration technology for shoulder rotator cuff repair. Smith & Nephew will pay an initial $125m with a further $85m payable depending on the company’s financial performance over the next five years. Rotation Medical’s procedure uses a bioinductive implant to help tendons heal by inducing growth of new tendon-like tissue. It will become a part of Smith & Nephew’s Sports Medicine portfolio.
Flowtech Fluidpower has continued its proactive acquisitions policy with the purchase of Group HES for £4.1m. The AIM-listed business has acquired a network of HES branches in Birmingham, Durham, Gloucester and Leeds including a total of 89 staff. The deal will be used strengthen its Power Motion Control division, following in the same vein as the deal for HTL announced earlier this year.