Done Deals

• US-based broker Arthur J. Gallagher continues the trend of consolidation in the financial services sector with the acquisition of fellow broker Wm. W. George and Associates. The deal amount was undisclosed

• Neath-based Llanelec Precision Engineering has been sold to its management team. The company employs 20 people and creates products for the defence industry

• Saltwell Signs has undergone a seven-figure management buy-out by a former sales director

• Wirral-based manufacturer Anaco Systems has undergone a partial management buy-out, worth an estimated £1.8 million. The management team has bought 50 per cent of the company as part of a phased buy-out

• Oracle, an application software developer, has acquired Skywire Software, an insurance software provider, for an undisclosed amount

• A $50 million (£26.8 million) credit facility has been granted to Austin Ventures to finance the acquisition of Delta Rigging and Tools

• The Internet Corporation, owner of Amris, an e-recruitment website, has undergone a management buy-out

In the pipeline

• ArcelorMittal has agreed a deal to buy London Mining Brazil for up to $810 million (£435.2 million). With this deal, ArcelorMittal are looking to improve its self-sufficiency in raw materials

• Aerospace and defence company Cobham has reached an agreement to buy GMS from the Allied Defence Group for $26 million (£14 million)

• Technetix Group, a Sussex-based broadband communications company, has agreed to acquire the entire assets of Dalvi Technology for an undisclosed sum

• Acconia, a Spanish construction company, has agreed to sell its 75 per cent stake in Memora Inversiones Funerarias, a funeral company to UK-based private equity firm 3i for an undisclosed sum

• Sperian Protection has agreed to acquire UK-based Combisafe International from Swedish firm Fairford in a €63 million (£49.8 million) deal