Today’s deal headlines

Travelzest plc has acquired the Malaysia Experience for £45,000 and Novorossiysk Commercial Sea Port has bought the remaining 50 per cent of Baltic Stevedore Co


Travelzest plc has acquired the Malaysia Experience for £45,000 and NovorossiyskCommercialSeaPort has bought the remaining 50 per cent of Baltic Stevedore Co

Travelzest plc has acquired the Malaysia Experience for £45,000 and NovorossiyskCommercialSeaPort has bought the remaining 50 per cent of Baltic Stevedore Co

Done deals:

  • Online travel group Travelzest plc has broadened its portfolio and geographical offering with the purchase of the Malaysia Experience from Bob Mortimore Travel for £45,000
  • ARC International plc, a provider of configurable multimedia sub-systems with offices in St Albans and California, has acquired US producer of audio enhancement technology Sonic Focus for £3.3 million
  • ICON plc, a Dublin-headquartered clinical development provider servicing the pharmaceutical, biotechnology and medical device industries, has acquired Catalyst Pharma Group’s subsidiary Healthcare Discoveries for $12 million (£6.2 million)
  • Further to purchasing a 50 per cent stake in Baltic Stevedore Company in 2006, Russia-based Black Sea port Novorossiysk Commercial has snapped up the remaining 50 per cent for $10 million (£5.1 million)
  • Marketing services company Hasgrove plc has bought City-based public affairs consultancy Politics International for up to £3 million

Deals in the pipeline:

  • BP Marsh & Partners plc, a City-based VC provider to early-stage financial services businesses, is disposing of its equity investment in Principal Investment Holdings to South African insurance and financial services group Sanlam for approximately £7.4 million
  • British construction and engineering firm Balfour Beatty plc has agreed to buy the military public-private partnership accommodation business of US real estate investment trust GMH Communities Trust for $350 million (£180 million) cash
  • Following MitonOptimal’s merger with Iimia in October, Iimia MitonOptmal has agreed a reverse takeover of Liverpool-based multi-asset fund management group Midas Capital Partners

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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