UK tools, equipment and plant hire services firm Speedy has agreed to buy Lifterz Holdings. Based in Yorkshire, Lifterz has a fleet of approximately 1,300 powered access platforms and employs around 90 people. It reported revenue of £15.2m with normalised EBITDA of £3.3m in the 12 months to 31 January 2019.
Enterprise Rent-A-Car UK has agreed to buy SHB Hire, making it one of the largest commercial vehicle rental fleets in the country with more than 45,000 vehicles. In 2017, SHB Hire reported turnover of £105.3m and had tangible fixed assets worth £239m. It will be brought under the Enterprise Rent-A-Car brand.
Chemicals distributor Safic-Alcan UK has agreed to acquire Langley-Smith & Co. Established in 1907, Langley-Smith specialises in adhesives, paint and coatings, polymer modification, road marking and rubber processing, inks and varnishes. It also has a presence in the beverage, animal feed and detergent sectors.
British satellite communications specialist Inmarsat is to be taken over by a consortium of international investors in a deal worth £2.6bn ($3.4bn). Triton Bidco consists of investment specialists Apax Partners, Warburg Pincus, Canada Pension Plan Investment and Ontario Teachers’ Pension Plan. The group has promised to keep the company’s headquarters in the UK and maintain R&D spending at its current levels. Inmarsat is primarily known for its telephone and data services, with one of its most successful lines being the technology that beams internet connectivity to passenger aeroplanes to provide in-flight Wi-Fi. Satellite-based networking has garnered attention from big cloud businesses that have traditionally relied on fibre in recent years, with Microsoft announcing a deal to deliver Industrial IoT connectivity using Inmarsat’s satellites in February. Amazon Web Services recently partnered with Inmarsat’s competitor Iridium Communications to do the same.
Marketing services company Unlimited Group has acquired analytics consultancy Model Citizens. The new division will be rebranded as Realise Unlimited and strengthen Unlimited’s advanced data analytics offer as well as insight across its business in CRM, PR, influencer marketing, B2B marketing, digital transformation, health and insight. The deal builds on the group’s alliance with Hakuhodo and Serviceplan as it targets expansion in major international markets. Unlimited saw revenues increase 81% to £18.9m between 2017 and 2018.
Ocean Outdoor has acquired Dutch digital out-of-home advertising specialists Interbest and Ngage Media for a combined €51m. The double deal sees a strong market entry for Ocean Outdoor in the Netherlands.
Plastics manufacturer Berry Global Group has reached an agreement to buy British packaging company RPC Group for £3.34bn, trumping Apollo Global Management’s previous offer of £3.3bn. Following the announcement activist investor Elliott Capital has raised its stake in EPC to 7.9% from 5.6%. Berry claims the combined company will employ 48,000 people across six continents and have revenues of approximately £10bn. The deal extends the trend for mergers and acquisitions in the packaging sector, which is profiting from stable cashflow and demand from online shopping.
Italian coffee group Illy has agreed to acquire ‘Charlie and the Chocolate Factory’ confectioner Prestat. Founded in 1902, Prestat is the chocolate truffle supplier to Buckingham Palace, and posted £7m in revenues last year. It is thought that it will partner with premium chocolate brand Domori, which Illy bought in 2006.
Global research and learning resources provider Emerald Group has acquired Mind Tools, a digital learning and performance support specialist. Based in Bingley, Emerald has a presence in 130 countries worldwide and a last reported turnover of £48m.
Team Sky is to become Team Ineos at the Tour de Yorkshire in May, bringing forward Sky’s expected exit by eight months. Ineos will become the sole owner of the holding company Tour Racing, continuing to fund the current team in full and honour all existing commitments to riders, staff and partners.