Done Deals

Ranjit Boparan, owner of chicken processor 2 Sisters Food Group, through his Birmingham-based investment vehicle Boparan Ventures, has acquired four FishWorks restaurants from administration. The terms of the deal have not been disclosed.

Pentech and Scottish Enterprise’s Scottish Co-Investment Fund have invested £2 million in Maxymiser, a Scottish developer of onsite marketing software. The funding will be used for its next stage of growth.

Orolia SA, a French precision electronics group, has acquired Rapco Electronics. The new company will be called Orolia Global Services and will be based in Basingstoke. The size of the transaction has not been disclosed.

Medic Vision, an Australian provider of end-to-end healthcare training services, has acquired a controlling interest in Red Paragon Pty, an Australian manufacturer of building panels for the construction industry. The terms of the deal remain undisclosed.

One of the largest US chemical companies, Dow Chemical, has acquired Rohm and Haas, US speciality chemical maker, in a $15 billion deal that will make Dow the world’s leading specialty chemicals and advanced materials company.

Global publisher Elsevier has acquired the publishing assets of William Andrew, Inc. The terms of the deal remain undisclosed.

Sybase, Inc, the largest enterprise software and services company, has acquired Paybox Solutions AG, a provider of mobile payment services. The terms of the deal remain undisclosed.

Deals in the Pipeline

GLG Partners, the New York-listed hedge fund, has agreed to acquire London rival Pendragon Capital. The size of the deal remains undisclosed.

Co-operative Financial Services  – part of the world’s largest consumer co-operative, the Co-operative Group – and Britannia building society – the country’s second-largest building society – are merging to form a “super-mutual”.

Daily Mail & General Trust has announced that its newspaper division, Associated Newspapers, has agreed the sale of a majority interest in the Evening Standard for a nominal sum to Evening Press, a company formed by Alexander Lebedev. A new company, Evening Standard Ltd, will be established that will own the Evening Standard and in which Associated will be a minority shareholder with 24.9 per cent.