Accor checks in to acquisition

Accor, a French hotels group, has increased its stake in Poland's Orbis Group from 45.48 per cent to 50.01 per cent for euro35 million (£28 million). The move is part of Accor's hotel development strategy in central Europe.

Other Done Deals

  • Essilor is pursuing its growth strategy in Eastern Europe by acquiring a majority stake in Omega Optix. The company is an operator in the Czech Republic and Slovakia, where its prescription laboratories generate revenues of more than €10 million (£8 million)
  • Live Nation, a live music company, announced today that it has completed the sale of its Motor Sports division to Feld Entertainment for $205 million (£116.2 million)
  • Finance Wales has participated in an £850,000 second round of funding for Leema Acoustics, an audio equipment design and manufacturing company, providing a combined debt and equity package in exchange for a minority stake in the business
  • Hexagon Human Capital, a UK’s provider of senior interim managers and a leading executive search company, has announced that it has acquired Winchester, an executive search firm, for $6 million (£3.4 million)
  • Calypso Soft Drinks has completed a deal to acquire ice-lolly brand Mr Freeze from Irish confectionery group Zed Candy. The acquisition comes as part of a drive by Calypso to broaden its reach into new European markets, with production of the Mr Freeze line set to move to the Calypso factory in Wrexham
  • Spark Ventures, an early-stage venture capital company, has led a £1.4 million funding round in Gemini Biomedical, a specialist healthcare company. Spark is investing a total of £700,000 alongside Gemini’s existing investors, Alliance Fund Managers (AFM), which has invested £700,000 through its MSIF Liverpool Seed Fund. It is the second time AFM has backed Gemini having previously invested £250,000 in the company in 2006
  • Ip-label, an independent institute of measurement of the quality of digital services, has acquired Auditec-Newtest
  • France-based IT consulting services provider Sogeti, a subsidiary of Capgemini, has acquired mechanical research company Euratec. The sum was undisclosed
  • AIM-listed payment service provider DataCash Group has completed the purchase of easyDebit for £2.45 million

Deals in the pipeline

  • The media accounts of sister car brands Hyundai and Kia are set to be consolidated in a $50m (£28.3 million) face-off between respective incumbents Initiative and Total Advertising
  • Revolution Health Network, an online health-care business, is in discussions to merge with Everyday Health, a deal that would join two of the three most-visited online health information networks
  • Taylor Wimpey, a UK house builder, has agreed to sell its Taylor Woodrow construction business a French construction group Vinci for £74 million
  • US fund Hudson Clean Energy is on the verge of closing the acquisition of Helium Energy, the renewable energy division of industrial and services group Hemeretik
  • BP Travel Marketing Services is set to acquire rival brochure distribution company Au Logistics

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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