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Done Deals

• Oddbins, a wine retailer, has been sold to a consortium of investors lead by the former managing directors son for an undisclosed sum

• IT Security company Syphan Technologies, has received a £250,000 investment from the Yorkshire and Humber Equity Fund. The money is to be used to improve operations in readiness for its product launch later this year

• Aberdeen Asset Managers Growth Capital has exited from ID Support Holdings by way of a secondary buy-out back by Penta Capital Partners. Aberdeen initially invested £3 million in March 2007

• Northeast-based care home group Shield Care, has been acquired by Independent Living Services for an undisclosed amount. The acquisition, with support from ISIS Equity Partners will take Independent’s turnover to £13.5 million

• Irish electrical wholesaler Eastern Electrical has been sold to rival EWL Electric for a figure believed to be €20 million (£15.8 million)

• Redwood Distribution, a fabrics supplier, has acquired Edmund Bell & Co, a Bradford-based textile distributor

• AIM-listed fund manager Syndicate Asset Management has acquired the financial services division of Pagan Osborne for £5 million, in a bid to enter the Scottish market

• Exacompta Clairefontaine SA has entered the UK market with the acquisition of Tollit & Harvey, a Norfolk-based manufacturer of book, pad and filing products

In the Pipeline

• AIM-listed Southern Bear has announced it has conditionally agreed to buy Newcastle-based central heating systems firm Fenhams for an initial consideration of £3.75 million

• Towergate Financial has announced the acquisition of Nottingham-based M2 Financial. The deal is Towergate’s sixth to date

• Close Brothers Group has announced the £2.4 million acquisition of Kaupthing Singer & Friedland Premium Finance

• The Riverside Company has acquired US-based weight loss centre business Results Weight Loss. This will be The Riverside Company’s 18th acquisition of 2008

• Dublin-based Prime Active Capital is to sell the interests it holds in two companies for €13.9 million (£11 million). Plastic Card Company and PCC Services will be sold to CPI Card Group UK Holdings and CPI Acquisition

• AIM-listed Green Dragon Gas has completed purchase agreements with several private investors to acquire 100 per cent share capital of Zhengzhou Nanhai Gas, Zhengzhou Clean Petro-Equipment and Zhengzhou Clean Technology for a total consideration for $9.25 million (£4.7 million)

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