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Travelzest plc has acquired the Malaysia Experience for £45,000 and Novorossiysk Commercial Sea Port has bought the remaining 50 per cent of Baltic Stevedore Co

Done deals:

• Online travel group Travelzest plc has broadened its portfolio and geographical offering with the purchase of the Malaysia Experience from Bob Mortimore Travel for £45,000

• ARC International plc, a provider of configurable multimedia sub-systems with offices in St Albans and California, has acquired US producer of audio enhancement technology Sonic Focus for £3.3 million

• ICON plc, a Dublin-headquartered clinical development provider servicing the pharmaceutical, biotechnology and medical device industries, has acquired Catalyst Pharma Group’s subsidiary Healthcare Discoveries for $12 million (£6.2 million)

• Further to purchasing a 50 per cent stake in Baltic Stevedore Company in 2006, Russia-based Black Sea port Novorossiysk Commercial has snapped up the remaining 50 per cent for $10 million (£5.1 million)

• Marketing services company Hasgrove plc has bought City-based public affairs consultancy Politics International for up to £3 million

Deals in the pipeline:

• BP Marsh & Partners plc, a City-based VC provider to early-stage financial services businesses, is disposing of its equity investment in Principal Investment Holdings to South African insurance and financial services group Sanlam for approximately £7.4 million

• British construction and engineering firm Balfour Beatty plc has agreed to buy the military public-private partnership accommodation business of US real estate investment trust GMH Communities Trust for $350 million (£180 million) cash

• Following MitonOptimal’s merger with Iimia in October, Iimia MitonOptmal has agreed a reverse takeover of Liverpool-based multi-asset fund management group Midas Capital Partners

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