Done Deals

• AIM-listed miner Petra Diamonds has acquired a 75 per cent stake in Tanzania’s Williamson diamond mine from Chevlot Holdings, a unit of De Beers, for $10 million (£5.7 million)

• US-based Meritage Funds has provided $22 million (£12.5 million) in funding for advertising company Miniweb

• AAC Capital portfolio company Baarsma Wine Group Holdings, a wine distribution company, has acquired UK-based rival Armit

• Cape has invested €10 million (£8 million) in dairy firm Fratelli Zappala, taking a minority stake in the business

• German media group Bertelsmann’s arvato unit has acquired Spanish call centre business Qualytel Teleservices to enter the Spanish business service market

• Magnesia Refratarios, a Brazilian producer of refractory products, has bought Germany’s LWB Refractories for €657 million (£528.4 million)

• Global Media Exchange, a division of Ascent Media has acquired Silicon Valley-based inDplay, an online content licensing marketplace

• Reliance Big Entertainment has acquired a majority stake in US-based Willow TV, an internet portal which screens major cricket events

• Perini Corporation, a building, civil construction company, has completed the acquisition of Tutor-Saliba

• Sandow Media has announced the acquisition of InSync, a watch enthusiast magazine, from World Publications

In the pipeline

• US-based construction and farm equipment maker Gehl, is to be acquired by its largest shareholder, Manitou for $450 million (£256 million)

• Middle Kingdom Alliance Corporation has entered an agreement to merge with Pypo Digital Company

• Cano Petroleum has agreed to sell its interest in Pantwist to Legacy Reserves for $42.7 million (£24.2 million)

• A major shareholder in Daewoo Shipbuilding and Marine Engineering has said they have received four preliminary bids for a majority stake in the world’s third biggest shipbuilder