RMS Group undergoes MBO and all today’s headlines

In today's headlines Quarto bags MBI Publishing Company for $12.5 million and The Vending Corporation undergoes an MBO.

Done deals:

  • Palmer Harvey and McLane has added to its wholesale operations after swallowing rival T&A Symonds for undisclosed terms
  • Insurance broking and risk management firm THB Group has bolstered its operations with the purchase of software developer and online risk assessment firm Cardinus for an initial £2.84 million
  • Employee benefits consultancy PIFC Consulting has been bought by financial advisers Thinc Group, part of the AXA Group, for undisclosed terms
  • Chilled beverage and snack vending machines distributor The Vending Corporation has undergone a management buy-out, backed by £2 million from investment bank Beringea’s ProVen and ProVen Growth & Income VCTs
  • Book publisher Quarto has bagged US-based publisher and distributor MBI Publishing Company for $12.5 million (£6.2 million)
  • Car component supplier Fuel Parts UK has undergone a management buy-out for undisclosed terms
  • Vision Colour Print has been forced into administration through Grant Thornton with the loss of 54 jobs at the printing business
  • Cargo handling firm RMS Group has been snapped up by its management for £20 million, in a deal backed by venture capitalists YFM and PIF
  • Northacre, in a joint venture with Minerva, has acquired property investor LLH Limited Partnership for a nominal £5

Deals in the pipeline:

  • The Fisher Engineering company is to be gobbled up by rival Severfield-Rowan, the UK’s largest structural steel group, for £90 million
  • Gaming Portals, a software developer to the Internet gaming market, is to acquire gaming portal casino.co.uk from the Media Corporation for about £3 million
  • CD and DVD retailer ChoicesUK is to go into administration through PricewaterhouseCoopers, jeopardising the future of the firm’s 1,700 staff
  • J Sainsbury is set to acquire a 400,000 sq ft distribution centre from fellow supermarket chain Morrisons for £22 million
  • LLH Limited Partnership is set to tie-up an acquisition of the Leinster House Hotel for £20.25 million cash by October this year

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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