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Deal Round-up (14.03.08)

By on March 14 2008

In today’s deal headlines private equity firm Patron Capital Patners has bought football league operator Powerleague plc, and cleaning firm Solo Group Services has acquired Blue Diamond Service.

Done deals:

EKAY plc has bought WFCA Integrated in order to expand its marketing agency. The deal follows a placing by the acquirer which raised £2.5 million

Solo Group Services has bought Blue Diamond Service, to bolster the diversified cleaning group (Source: sourcewire.com)

Crisps and snack food company Tayto has added Red Mill Snack Foods to its portfolio (Source: thepost.ie)

Merrion Capital, the Irish subsidiary of Icelandic bank Landsbanki, has acquired Oppenheim Investment Managers for some €10 million (£7.7 million). The purchased firm is a Dublin-based investment fund (Source: independent.ie)

Conveyor belt manufacturer Fenner has purchased Northern Belting Specialists of Australia, for around AUS$5 million (£2.3 million) (Source: Yorkshire Post)

Coach-builder Optare has been acquired by Jamesstan Investments, an investment company owned by Roy Stanley (Source: The Business Desk)

Private equity house Patron Capital Partners has acquired a 29 per cent stake in Powerleague Group plc, an operator of five-a-side football centres, for £23.1 million (Source: patroncapital.com)

Meadgate Western, the Cardiff-based housing developer, has gone into administration through PricewaterhouseCoopers

Riverdale Publishing, a greeting card business, has gone into administration through BDO Stoy Hayward

Deals in the pipeline:

Contis Group is set to acquire credEcard Group plc after making an estimated offer of £2.2 million cash. The acquirer is a new company set up by the senior management of credEcard’s parent company, ID Data Group plc. The firms offer pre-paid card and smart card services respectively

Diversified security solutions group SectorGuard plc has agreed to acquire ManGuard for up to £6.5 million, in a bid to expand its service offering

Click here for more Venture Capital, AIM and PLUS deals.

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