![]() |
|
Prudential in Taiwanese sell-off
Done Deals
- UK insurer Prudential Plc has sold its Taiwanese agency distribution business, which represents 94 per cent of its in-force liabilities in Taiwan, to China Life Insurance Company for the nominal sum of NT$1. Prudential will invest £45 million for a 9.95 per cent stake in China Life through a share placing.
- Global consulting company Turner & Townsend has acquired Busby & Associates, a provider of cost project management services with operations in Houston and the south-west of the USA. The terms of the deal remain undisclosed.
- Blackstar, an investment company focused on South Africa, has acquired a further 25.47 per cent shareholding in Kulungile Metals Group (KMG), a processor, distributor and stockist of carbon steel, stainless steel and aluminium, for ZAR50 million (£3.45 million) in cash. Read more
- Private equity firm Graphite Capital has acquired a majority stake in timber window company The Performance Window Group (PWG), which reported sales of £10.6 million last year. Read more
- Fuel wholesaler Mabanaft has acquired Thomas Silvey, an independent fuel supplier in the South West of England. The deal follows the recent acquisition of Advance Fuels and the development of BWOC in the UK. The size of the deal remains undisclosed.
- Stylo chairman Michael Ziff has completed a rescue deal for part of the struggling shoe group that will see 3,000 jobs saved.
- Leeds-based printing business John Blackburn, which trades as Blackburns and has a reported turnover of £30 million, has gone into administration. The management team, led by joint managing directors Andy Cowman and Nick Atkinson, has acquired the direct marketing arm of the business
Comments [0] 

Post this story to del.icio.us | Digg | Newsvine | NowPublic | Reddit | For more deals click here
&urllanguage=en&urlaffiliate=40626&encoding=ISO 8859-1" target="_blank">Viadeo
&urllanguage=en&urlaffiliate=40626&encoding=ISO 8859-1" target="_blank">Viadeo
Related content
M&A News
- Alterian's Intrepid acquisition Sep 01 2010
- Dwell unlocks £5 million funding Aug 31 2010
- Moonfruit raises expansion funds Aug 31 2010
- Compass acquires Vision Security Group Aug 31 2010
- BGC Partners buys Mint Aug 25 2010
M&A Deals
- Stanley Gibbons expands its collection Sep 02 2010
- Longshot targets Bel and the Dragon Aug 31 2010
- The Art Group bought by Pyramid Aug 25 2010
- Tawa to buy Island Capital Aug 23 2010
- Metrodome hits the Target Aug 17 2010
