Manchester law firm Glaisyers bought by consortium

Manchester law firm Glaisyers is set to become a multi-disciplinary practice for SMEs after being bought by a consortium of professional service specialists led by ETL Global. Its new owners are ETL, David Jones and David Marlor, who become head of litigation and head of property respectively. Nick Johnson remains managing partner. The firm will be opening a second office in Mayfair to support growth.

Seneca Partners sells Foodpack to IPS

Integrated Packaging Solutions (IPS) has acquired a food manufacturing and packaging business from Seneca Partners. Based in St Helens, Foodpack turns over £14m and employs 150 people. It was bought out of administration by Seneca Partners for £7.5m three years ago.

AFH Financial Group seals £10m deal for CTL Three

AFH Financial Group’s acquisition streak has continued with a £10m deal for CTL Three, its biggest yet. CTL Three trades as Insurance Partnership Financial Services, Kirk Ella Investments, PCWM, IFA Professional Planning and Hallgarth Wealth Planning and has offices in Hull, Scunthorpe and York. The acquisition boosts AFH’s advisor count to 250 and its funds under management to more than £5bn, as well providing four additional offices in Yorkshire.

260 jobs saved in Canburg acquisition

US real estate developer Gary Barnett has saved 260 jobs at Canburg, the owner of luxury furniture brands Brookmans, Mark Wilkinson and Smallbone. The acquisition has been made via a new entity Sapphire 700. Canburg’s existing management team will remain in place at its Devizes head office.

Simpson Millar back on acquisition trail

Lancashire law firm Simpson Millar has sealed a second deal in three months with its takeover of JWK. The acquisition forms part of a £50m investment strategy that has seen it recently launch a new website and corporate identity. JWK has 50 staff based in three offices in Lancaster, Morecambe and Southport.

CRG Healthcare takes over Allied Healthcare contracts

One of Britain’s largest home care providers has been sold after nearly going bankrupt. Allied Healthcare, which provides services to 13,500 people across 150 local authorities, as well as out-of-hours GP services for the NHS, has been bought by Health Care Resourcing Group, which trades as CRG Healthcare. On 5 November, Allied Healthcare issued a warning to local authorities that it could not guarantee to deliver services past the end of the month. Since then, many local authorities have sought to transfer services to other providers, meaning it is unclear exactly what CRG takes over with this deal. Allied Healthcare employs 8,700 people. It had to agree an emergency rescue plan with creditors in May, with local authority budget cuts, April’s minimum wage rise and staffing issues cited as factors.

Tango Networks seals deal for Simetric Telecom

Tango Networks has acquired Simetric Telecom, a leading UK provider of mobile services and telecommunications solutions. The deal broadens Simetric’s market reach and solutions proposition for enterprise mobile communications.

Palatine Private Equity backs CET UK

Palatine Private Equity has completed a secondary buyout of CET UK, a specialist provider of infrastructure and property assurance services. Established in 1989, CET is headquartered in Castle Donington and employs more than 470 people. With Palatine taking a majority stake, it aims to use investment to develop new technology to streamline its claims management and investigation division. It also plans to roll out additional material testing laboratories across the UK and advance its buy-and-build strategy with the extra support.

Prodis completes MBO

Prodis, a leading UK supplier to the catering and hospitality sector, has completed a management buyout led by MD Anthony Faulkner. Based in Stoke-on-Trent, Prodis provides own-brand refrigeration equipment for bar, storage and display, as well as ice-makers, glasswashers, dishwashers and other catering equipment. It is also a supplier for brands such as Icematic, Samsung and Whirlpool.

William Jackson Food Group acquires Belazu

William Jackson Food Group, which sold Aunt Bessie’s earlier this year, has snapped up Belazu Ingredient Company. Starting out as the Fresh Olive Company, Belazu has expanded to become a specialist in Mediterranean and Middle Eastern food, providing a range of antipasti, grains, pastes and vinegars. Belazu employs c. 150 people and reported turnover of £31.4m in 2017. It is William Jackson’s second acquisition in the premium ingredients segment this year, following Wellocks in June.