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PwC acquires advisory firm

Done Deals
Business services firm PricewaterhouseCoopers has acquired Sustainable Finance, an international advisory firm focused on environmental and social risk management in the financial sector. The terms of the deal have not been disclosed.

CDMS, a marketing services provider based in Merseyside, has acquired Transactis, a data services company, for undisclosed terms. Transactis will continue to operate under the same brand from its offices in Richmond upon Thames.

Avacta Group, the York-based science company that helps biopharmaceutical developers and manufacturers commercialize their products, has acquired Theragenetics, a personalised medicine diagnostics company, for up to £2 million in cash and shares. The deal follows Avacta's acquisition of Curidium Medica for £6.8 million earlier this month.

Building Automation Solutions, a provider of services that reduce energy use and costs for business, has secured a £5 million funding deal from Yorkshire Bank. The finance will be used to expand its Altrincham-based building management systems business.

Graysons Restaurants, the contract caterer set up last year with backing from ex-Compass chairman Sir Francis Mackay, has acquired Duchy Catering, a contract caterer operating out of Leeds and Northampton. The deal will add £15 million to the start-up’s turnover.

Prolog Print Media has acquired Economailer, the Wolverhampton-based print management firm, from Integrity Print for undisclosed terms.

Procap Holdings SA of Beligium has agreed to acquire Macfarlane Group’s Irish plastics business Macfarlane Plastics for £1.7 million. Macfarlane has said the disposal will enable the company to focus on its packaging and manufacturing businesses.

Pelican Products, a US moulded case manufacturer, headed by Welshman Lyndon Faulkner, has bought out US rival Hardigg Industries in a $200 million (£134 million) deal. Pelican was backed by San Francisco buy-out house Behrman Capital.

Deals in the Pipeline
According to reports, US venture fund KPS Capital is expected to acquire Waterford Wedgwood, the Irish china and crystal manufacturer with 1,900 staff in the UK, out of administration.

The OFT has given the Co-op the go-ahead to acquire rival Somerfield for £1.6 billion on agreement that it sells more than 130 stores. Co-op said it had already found buyers for 90 stores.


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