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Stock market float plan for chemicals company
A stock market listing on the Alternative Investment Market (AIM) is likely to be the favoured corporate finance move for Multisol Group, a chemicals distribution company with headquarters at Nantwich and a base at Irlam, Greater Manchester. According to the Manchester Evening News , a...
£12m corporate finance buyout of majority stake in customer service firm
Customer service firm Lanes Assistance Services (LAS) has been targeted by Gresham in a corporate finance move which has seen the acquisitive private equity company take a majority stake investment at a cost of £12.3m. LAS's management team, led by MD Darren Cooper and commercial director...
LDC looks to carry off Antler acquisition in corporate finance move
More than 20 bidders are believed to have been interested in the acquisition of Bury-based luggage designer and maker Antler, which was last subject to a corporate finance move in 2004 when Barclays Private Equity supported a £44m secondary buyout, giving it an 80% stake. Front-runner...
IPO for Promethean could provide lesson for other businesses
An initial public offering (IPO) by Promethean World plc, a Blackburn-based manufacturer of interactive whiteboards used in schools and colleges, was so popular it was over-subscribed by shareholders wishing to invest in the business which is now valued at £400m. The stock market...
Takeover rescues car lighting firm with £52m contract from administration
A new Warrington-based private equity firm, Energize Capital, has come to the rescue of Trumeter, in a takeover that has bought it out of administration and means the automotive lighting systems manufacturer can fulfil a £52m contract. Executive chairman of Trumeter Peter Weidenbaum said the...
Corporate finance deal boosts Manchester-based internet travel firm
Manchester-based online travel agency Traveljigsaw has sealed a £16m corporate finance facility from Yorkshire Bank in a move aimed at providing working capital and repaying private equity firm ISIS part of its investment. Traveljigsaw, which is one of Europe's largest independent car...
Discount retailer Matalan is £1.5billion acquisition target
Discount retailers are among the businesses benefiting from the economic downturn and Matalan, founded in the North West in 1985, has become a target for acquisition, with at least five private equity buyers circling for a bid. The Skelmersdale-based clothing and household chain looks set to...
