Druces has announced a merger with London-based law firm Ronaldsons. The deal sees two corporate partners, a commercial litigation partner and a property consultant join Druces’ team.
Scottish craft brewery BrewDog has announced it has acquired multiple-site operator Draft House. The deal furnishes BrewDog with 14 bars located across London and the South East, and sees 213 Draft House staff transfer onto its books.
CGA Group has completed the acquisition of CPL Online, a provider of e-learning, business solutions and interactive services, from CPL Training. With offices in Chicago and Manchester, CGA is a data and research consultancy specialising in the out-of-home food and drinks market. The acquisition provides opportunities for CGA to develop new products for its core UK hospitality clients.
CCTV and access control equipment specialist Pro-Vision Distribution has been acquired by EET Europarts. Established in 2005, Pro-Vision is an authorised distributor for over 60 brands including Bosch, Idis, Panasonic, Pelco and Hanwha Samsung. The acquisition brings with it a strong sales and support team, as well as expanding EET Europarts’ product offering.
Tyre manufacturer Michelin has made an all-share offer for engineer Fenner, valuing the British business at approximately £1.2bn. Fenner supplies conveyor technology to the mining industry and is a world leader in reinforced polymer technology. Michelin will use the deal to boost its operations in high-tech materials, aiming to strengthen its position in recovering mining markets.
Health and social care specialist Castlerock Recruitment Group (CRG) has taken over London-based recruiter Health Care Locums (HCL). HCL operates across the UK, as well as having presences in India, Italy and Philippines. The deal nearly doubles CRG’s turnover, taking revenues past the £130m mark.
JD Sports Fashion is to acquire Finish Line, one of the largest retailers of athletic footwear, clothing and accessories in the US. Finish Line trades from 556 branded retail stores in addition to a well-established multi-channel offering. The company is also the exclusive retailer of athletic shoes for Macy’s, both in-store and online, with 375 branded and 188 unbranded concessions. The transaction will immediately establish JD Sports as a major presence in the US athleisure market. Finish Line had a turnover of £1.3bn in the last financial year and has been valued at £396m with this offer.
Scottish cycling clothing business Endura has been bought by Pentland Brands, the owner of global names including Speedo, Mitre and Berghaus. Established in 1993, Endura produces hard-wearing cycling gear for everything from mountain and road to triathlon and commutes. Endura will continue to operate from its base in Livingston and be managed by Jim McFarlane and Pamela Barclay.
German consulting giant SQS has agreed to buy Moorhouse Consulting, a business transformation specialist. The two businesses are to combine with Assystem Technologies to form a new group, specialising in transformation and with a particular focus on IoT.
Mid-market private equity investor Inflexion has completed a buyout of Chambers and Partners, the global legal directory business. Founded in 1990, Chambers ranks over 80,000 lawyers and law firms by practice area in almost 200 jurisdictions. Inflexion believes the company is primed to profit from the continued growth of the legal services market and rising business development demand.