Stockport-based app specialist Afin Technologies, formerly SurveyMe, has expanded in the US in a deal believed to be worth £20m. With funding from investment manager Deepridge, Afin has acquired Entertainment, a provider of local and national price promotions, including shopping and eating out offers, in North America. It employs 77 staff in Troy, Michigan. Afin has plans to increase Entertainment's headcount by 50 post-acquisition, as well as creating 10 new jobs in Stockport – doubling the firm's workforce.
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Thu, 03/10/2019
The American private equity firm Lovell Minnick has agreed a £261m deal to take over Charles Taylor, a provider of management, adjusting and support services within the insurance industry. Charles Taylor has over 3,000 staff distributed across 120 locations in more than 30 countries worldwide.
Thu, 03/10/2019
The outdoor furniture retailer Moda Furnishings has been taken over by the private equity firm Endless. Moda was established in 2014 and provides its products through its website and two showrooms in Manchester and Caterham, Surrey.
Thu, 03/10/2019
Diploma plc has bought DMR Seals for £6.9m. DMR is a distributor of bespoke machined seals and gaskets to the oil & gas, chemical, pharmaceutical and food industries.
Thu, 03/10/2019
Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, has acquired the online freelancer and contractor business of Caunce O’Hara.
Thu, 03/10/2019
sk:n has acquired the business and assets of Waveriver, a Manchester-based operator of skin clinics which went into administration earlier in 2019. sk:n was acquired from Graphite Capital by TriSpan earlier this year.
Thu, 03/10/2019
SSE has sold its GB household energy and related services business to OVO Energy. The deal, which includes the customers, operations and employees for energy, telecoms and home services, is worth £500m and will take OVO’s customer base up to near five million.
Fri, 27/09/2019
ConvaTec has signed an agreement to purchase the assets of Southlake Medical Supplies. Based in Texas, Southlake is an independent provider of catheter-related equipment and supplies, generating c. £4m in revenues in 2018. The deal strengthens ConvaTec's Home Distribution Group in the US.
Fri, 27/09/2019
Investment firm Ancala Partners has acquired a 45% interest in Liverpool John Lennon Airport (LJLA) from Peel Group (35%) and Liverpool City Council (10%). LJLA is the UK's 12th busiest airport, serving more than five million passengers in 2018. In July, it was awarded the UK's only five-star rating for flight punctuality.
Fri, 27/09/2019
Acquisitive Bromsgrove group AFH has announced a £3.2m acquisition of Broadleaf Financial Services, less than a week from sealing £7.2m of deals for Mulberry Independent Financial Advisers and Hemel Hempstead-based AE Garment Independent Financial Services. Broadleaf is an IFA business based in Wirral. The deal includes four advisers and their support staff, and £140m of funds under management.