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Avisen buys Xploite

Business performance specialist Avisen has agreed to acquire Xploite, an IT services group, for up to £11.4 million. 
 

IFG acquires James Hay

Financial services group IFG has acquired James Hay, a provider of self invested personal pensions (SIPPs), from Banco Santander for up to £38.9 million. 

 

 

Euro Environmental in MBO

Drain and sewer company Euro Environmental Group (EEG) has been sold in a £20 million management buy-out (MBO) backed by private equity firm Sovereign Capital.  

Design agency in MBO

Rochdale-based agency Cooper’s Graphic Design and Advertising has undergone a £60,000 management buy-out led by partner Tony Butterworth. 

 

 
 

Terrace Hill ponders fund launch

Property group Terrace Hill is ‘actively considering’ launching a residential fund after trimming annual losses to £27 million. 
 
 
 

Canaccord buys Genuity

Canada-based broker and investment group Canaccord Financial is buying Genuity Capital Markets for £159 million in shares and cash. 

Digital Barriers joins AIM

Digital Barriers, set up to buy businesses and products in the ‘homeland security’ field, is joining AIM after raising £19 million.