Oxford Instruments buys VeriCold and all today’s headlines

In today's headlines MMC Ventures has injected £2.4 million into money transfer business Small World and bathroom supplier James Theobald has undergone an MBO.

Done Deals

  • British Telecom has snapped up IT solutions provider Basilica Computing for an undisclosed sum
  • Early-stage venture capitalist MMC Ventures has injected £2.4 million into Small World, a money transfer business
  • High-tech tools and instrument manufacturer Oxford Instruments has completed its second acquisition of the year with the purchase of pulse tube refrigerator manufacturer VeriCold Technologies for up to £5.7 million
  • Bathroom supplier James Theobald has undergone a management buy-out for undisclosed terms, supported by debt from Clydesdale Bank
  • Sports gloves and socks manufacturer Sealskinz has been bought by its management from waterproof membrane maker KL Technologies for an undisclosed sum. The deal was backed with £1.35 million of funding from venture capitalist Bridges Ventures
  • Interactive mobile data solutions business weComm is set to expand after securing £3 million from existing investors Elderstreet Investments and Frontiers Capital
  • Entrepreneur Peter Gabriel has invested £2.5 million into music recommendation technology company The Filter
  • Ward-Philipson Group has gone into administration with the loss of 20 staff and the closure of its print section after 150 years trading
  • Semi-finished materials producer Nylacast Materials is re-branding and undergoing a multi-million pound investment programme, changing its name to Global EPP

Deals in the pipeline

  • Irish Continental Group’s independent directors have backed an improved takeover bid from consortium Aella, valuing the ferry operator at €611.8 million (£416.4 million)
  • DAB radio manufacturer and developer Intempo Digital is set to expand after securing £1.825 million of growth capital from private equity firm Hotbed
  • The Capital Pub Company is to boost its existing portfolio of 24 pubs by acquiring Dixies for £2.2 million. The deal is expected to complete in November
  • Merchant banking group Close Brothers is to acquire a 49.9% stake in brokers Global Derivatives Executive for an undisclosed sum
  • Bank of Scotland Integrated Finance has pulled out of the running to acquire AIM-listed property services company Erinaceous, which is valued at about £320 million

Marc Barber

Raven Connelly

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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Venture capital funding