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Today's deal headlines
Done deals:
- Carpet and floor coverings retailer Carpetright has bought Melford Commercial Properties for £7.2 million cash assuming debt of £7.8 million, and is set to buy Dutch company Ben de Graaff Tapijt for some €8 million (£6.3 million). The acquisitions complement its existing operations and adds curtains and window blinds to its offering
- Morgan Crucible Company plc has bought Certech and Carpenter Advanced Ceramics from Carpenter Technology Corporation, for $145 million (£73.4 million)
- Royal & Sun Alliance Insurance Group plc has acquired Sertus Underwriting of Ireland
(Source: Interactive Investor)
- Swinton Business, the commercial division of insurance firm Swinton Group, has acquired the independent broker Lawrences to strengthen its commercial offering
(Source: Insurance Times)
- Finch Commercial Insurance Brokers has bought rival firm Ashcombe Border Insurance Brokers
(Source: Insurance Age)
- Building and engineering products supplier Alumasc Group plc has a bought sustainable supplier in the same industry, Blackdown Horticulture Consultants, for £2 million cash
- Filtration and environmental technology company Porvair plc has acquired Toolturn Engineering for £1 million
- Industrial services group Brammer plc has purchased CBS Rotary Power Motion for up to £9.5 million, in a move to bolster its offering
- Asbestos removal company Rhodar has bought Irish rival DJV Insulations
(Source: The Business Desk)
- Sports marketing firm XSEM has merged with the Events Office in order to increase its offering
(Source: Business Desk)
Deals in the pipeline:
- Media and telecommunications firm WPP Group plc has agreed to acquire a majority stake in Chateux Hospitality, an Indian marketing company
- Industrial engineer Pursuit Dynamics plc is looking to raise £6.5 million of expansion capital through a share placing on AIM
- Non life run-off consolidator Tawa plc is set to acquire PXRE Reinsurance company
- Commercial radio group Global Radio is to buy commercial radio group GCap Media, which owns Classic FM, for £375 million
(Source: RTE Business)
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