BLM’s top 12 corporate deals of 2017
Following Business Leader Magazine’s article on what is driving the active South West deals market – we look at the top 12 deals that have happened over the last 12 months.
Providers for digital and print solutions, Latcham Direct, acquired independent print management company CGL earlier in the year. The Avon-based business launched in 2010 and this latest acquisition is part of their plans to increase their reach in the UK.
Swindon-based Connect Group education and care division has been sold for £64.4m to RM PLC. Connect Group PLC supply equipment and products for care homes as well as specialist vehicles for fire and rescue organisations.
Swindon-based digital marketing agency, Equimedia purchased US pet insurance comparison website, Pet Insurance Review, for an undisclosed fee. Equimedia made the purchase as part of their plan to develop a risk-free, lead generation platform for their clients.
Germany’s largest spice producer, Fuchs Group, acquired 100% of the shares of Bristol-based Bart Ingredients from Langholm Capital for an undisclosed sum. Last year, Bart’s generated £25m in revenue and currently employs 180 staff.
Chester-based Beechdean Group purchased 50% of Somerset ice cream manufacturer Lovingtons for an undisclosed sum. The plan is for the joint venture is to help expand Lovingtons reach within the South West.
Gloucestershire-based outdoor products specialists, La Hacienda, has been acquired by US group, The Ames Companies for £8.4m. La Hacienda is expected to raise an extra £13.7m in revenue for the group.
US private equity firm, KKR, acquired Bristol-based specialists in industrial gases and chemicals, A-Gas, following an exit by UK mid-market equity investor, LDC. Between 2011 and 2016, A-Gas revenues grew by 79% and profits increased by 103%.
Orchard Valley Foods
Confectionery firm Orchard Valley Foods (OVF) has been acquired by Norwegian bakery ingredients manufacturer, Orkla Food Ingredients, for an undisclosed fee. OVF had a reported turnover of £23.9m last year in comparison to Orkla’s £3.5bn.
Haynes Publishing Group
Yeovil-based Haynes Publishing Group acquired vehicle repair and maintenance information platform, E3 Technical, in a deal worth £4.72m. The transaction includes certain customer contracts and employees from Carweb.
Bristol-based Danbury MotorCaravans was sold for an undisclosed sum to French motorhome group, Pilote. The family-run business has built a strong brand and a loyal customer base in the motorhome conversion market.
Learning and talent software specialists Kallidus acquired London-based recruitment software firm Advorto. The Cirencester firm supplies software for McDonald’s, O2, TfL and Eurostar.
RT Motion Systems (RTM)
A £3.4m deal was agreed for Stroud-based camera equipment manufacturer, RTM, to be acquired by the Vitec Group. RTM provided equipment for Planet Earth 2 and the Pirates of the Caribbean films.