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Hunting pounces on PT SMB

Hunting Plc, a London-based energy services company, has acquired PT SMB Industri, an Indonesia-based manufacturer of appliances for the oil and gas industry for $10.5 million (£6.6 million). 

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Eight-figure sum for Wonga.com

Short-term loan website Wonga has raised $22.25 million (£14 million) from venture capital (VC) investors less than a year after its full launch.

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Catapult backs Systems Integration

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WPP buys MDS

WPP Plc, through its New York-based subsidiary Sudler & Hennessey, has acquired a 60 per cent stake in China-based healthcare agency MDS. The terms of the deal were not disclosed. 

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SSE acquires wind farm site

Scottish and Southern Energy Plc (SSE), through its renewable energy development division Airtricity, has acquired the Slieve Divena Phase II wind farm project in Country Tyrone, Northern Ireland, from RES UK & Ireland. The terms of the deal were not disclosed. 

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Pizza success: John Schnatter

Twenty-five years ago in Indiana, Papa John’s founder and CEO John Schnatter sold his car to buy his first pizza oven. The franchise now has sales of more than $1 billion and just opened its 50th store in London.

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Asset based lending drops

According to industry body the Asset Based Finance Association, asset based lending has fallen since last year.

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Staffline buys The Workplace

Staffline, a Nottingham-based recruitment firm, has acquired Yorkshire rival The Workplace for an undisclosed sum. 

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Asset based lending drops

According to industry body the Asset Based Finance Association, asset based lending has fallen since last year.

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Staffline buys The Workplace

Staffline, a Nottingham-based recruitment firm, has acquired Yorkshire rival The Workplace for an undisclosed sum. 

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AMEC buys Arcas

International engineering and project management group AMEC Plc has acquired Canada-based Arcas Consulting Archeologists for £300,000 in cash.

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Paddy Power buys IAS

Irish bookmaker Paddy Power Plc, through its Australian subsidiary Sportsbet, has acquired Melbourne-based rival International All Sports (IAS).  The terms of the deal were not disclosed. 

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Amplin buys Fortis Corporate Insurance

London-based insurer Amlin Plc has acquired Fortis Corporate Insurance (FCI), a provider of corporate property and casualty insurance in the Netherlands and Belgium, from the State of the Netherlands for €350 million (£301 million).  

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The Foundry in MBO

The Foundry, a London-based visual effects software developer, has been sold in a management buy-out led by CEO Dr Bill Collis and the original founders and backed by Advent Venture Partners. The terms of the deal were not disclosed. 

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