Done Deals

• Greece-based Marfin Investment Group has acquired a 49.9 per cent shareholding in German executive jet operator Flight Ambulance International Rent – A – Jet Aktiengesellschaft (FAI), from Axtmann Beteiligungus GmbH, for €15 million (£13 million)
• Brighton-based pharmaceutical company Destiny Pharma has raised £4.8 million from a consortium, including existing shareholders, to fund further trials of its medicines. The consortium was led by Longbow Capital LLP, which specialises in backing early-stage healthcare companies.
• RedHot Media International’s subsidiary Ausscar Group Sdn Bhd, which focuses on the Malaysian financial products marketing sector, has acquired a 70 per cent shareholding in two Malaysian financial products marketing advisory companies: Ausscar Capital Sdn Bhd and Oscar Wealth Advisory Sdn Bhd in an undisclosed all-share deal
• Sunkar Resources Plc, which aims to become a manufacturer of integrated phosphate fertiliser, has signed an agreement to acquire the remaining 10 per cent of its subsidiary Temir Service LLP for US$5.9 million (£4 million) in cash.
• Pub and restaurant group Orchid has announced that it is re-structuring its finances in order to acquire a number of distressed businesses across the UK
• Knowledge Solutions (UK), a provider of simulation software and training services, has acquired Enlight, a provider of certification management, knowledge assurance and European/International Computer Driving Licence (ECDL/ICDL) services. The terms of the deal were undisclosed
• EnPro Industries has completed three undisclosed acquisitions for its Compressor Products International (CPI) business. The acquired businesses are US firms Horizon Compressor Services and RAM Air, as well as C&P Services, located in Warrington, UK.

Deals in the pipeline

• Garner International, a UK specialist in the field of executive search, coaching and talent development, has announced the completion of its acquisition of rival venture Norman Broadbent.
• Pilat Technologies International, a consultancy and data management business, has agreed to countersign a non-binding letter of intent with a US-based firm for the sale of the company’s subsidiaries operating in Europe and North America.
• Modavox, a US Internet broadcasting firm, has entered into a letter of intent to acquire a majority share of Augme Mobile, a mobile marketing business based in New York. The terms of the deal were undisclosed.