Done deals:

 

• Recruitment firm Key Personnel has de-merged its payroll division to form new company Payroll and Business Solutions UK
  (Source: thisisderbyshire.co.uk)

• Orchard Street Investment Management has bought two offices in the Cheadle Royal Business Park for £12 million
  (Source: Manchester Evening News)

• Biofusion, a commercial developer of academic research, has invested £265,000 in Asterion, a Sheffield University spin-out which develops therapies for diseases, including cancer and diabetes. The investment is Biofusion’s second in the company, bringing the total to £550,000
  (Source: The Business Desk)

• Skipton Building Society has acquired 86 per cent of independent financial adviser Torquil Clark Holdings plc
  (Source: The Business Desk)

• Specialist retail property investor London & Associated Properties, has announced the disposal of two properties with a combined value of £16.5 million
  (Source: SmallCapNews.co.uk)

• ServicePower, a provider of outsourced computer software and field management services, has acquired KonaWare, a US developer of mobility and GPS tracking technology, for $150,000 (£75,000)

Deals in the pipeline:

 

• US-based financial services firm JP Morgan has agreed to acquire carbon offset provider ClimateCare
  (Source: climatecare.org)

• Russian steel maker Mechel has agreed to pay $1.5 billion (£750 million) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business
  (Source: yahoo.com)

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