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Triton Group in double acquisition and all today's headlines

By Paul Driscoll on August 28 2007

In today's headlines Aberdeen Asset Management looks to acquire Glasgow Investment Managers for about £9 million and Makers seeks a buyer.

Done Deals:

Belgian frozen food business Pinguin has tied up a deal valued at £17 million to acquire the frozen vegetable processing business of Christian Salvesen

Pharmaceutical research company Chimatica has secured “significant” funding from NatWest in order to expand

Educational services company Creative Education has fallen into administration through financial advisers Smith & Williamson

Remote intervention and control technologies and services company Triton Group has acquired UK Project Support and its sister company Subco, which supply subsea equipment, for £10 million, according to press reports

Motive Television has snapped up a 75% stake in TV production company Scarlet Television for undisclosed terms

Deal in the pipeline:

Health sector investor Zimed Holdings is set to complete the purchase of medical infusions business Zi Medical for an initial £1.2 million

Intempo is looking to expand its electronic products business after securing £12 million of investment, including £1.8 million from the Hotbed private equity network

Mobile phone-based information services provider Texperts, which provides the 82Ask service, is set to expand after securing £1.3 million of funding

Structural steel group Severfield-Rowan is to acquire the holding company of Northern Irish firm Action Merchants for £90 million

Concrete repair and building refurbishment company Makers is looking for a buyer within the next six months or it will face closure

Boxall Sayer, Denley King and Fletcher McNeill are set to merge to create a combined quantity surveying group called Baqus, which is expected to raise £3 million in an AIM IPO this autumn

Engineering solutions company Weir Group is to acquire Australian-based dewatering pump manufacturer Multiflo for £8.8 million

Investment management firm Aberdeen Asset Management is to acquire Glasgow Investment Managers for about £9 million

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