Done deals:

 

• Aurora Russia, a Guernsey-based investor in small to mid-sized companies in Russia, has bought Volzhski Universalny Bank for £6.4 million

• WPP Digital, the digital investment arm of marketing and communications group WPP plc, has acquired a minority interest in HDT Holdings Technologies, a China-based online media advertising and technology company

• Mid-market private equity firm Primary Capital has acquired Bedford-based toiletry maker Pacific Direct for £20 million, backed by HSBC
  (Source: Thomson)

Deals in the pipeline:

 

• Management consultancy to high tech firms, Capital Ideas plc, has agreed to purchase certain assets from publishing company Charterhouse Communications Group for £229,125, on behalf of its subsidiary Capital Ideas Financial Publishing

• Savings and insurance company Legal & General is set to acquire part of engineering company Smiths Group plc’s pension scheme, reported to be worth some £250 million
  (Source: telegraph.co.uk)