Business Sale News in the Other sector

Media rights firm Chorion is looking into selling its crime division, to include the Agatha Christie estate, to Coolabi, the intellectual property company, in a deal valued between £30 million and £50 [more]

The biggest oil storage facility in the UK is to be put on the market after its American owner Sem filed for bankruptcy protection from creditors. [more]

Imperial Energy, a UK-based energy explorer with the majority of its assets in Russia, is close to breaking through the 90 per cent threshold of acceptances it requires to seal its takeover by ONGC Videsh, part of the state-owned Indian Oil and Natural Gas Corp. The deadline for Imperial's shareholde [more]

Japanese car giant, Honda, is putting its Formula 1 team, Honda Motorsport Corporation, up for sale, and may have to pull out of racing altogether if a buyer cannot be found by the end of the month. The worldwide financial crisis has been blamed for the move. Staff at the team's head offi [more]

Until recently, the small to mid sized business M&A market was relatively unaffected by the problems in the financial markets. However, as the lack of confidence continues it is now no longer immune. The almost complete lack of IPO's on both the main market and AIM, has lead to a reduced number of buyers. Consequently, this has significantly reduced the total number of transactions bein [more]

Now that the 'easy-credit' party is over and businesses are facing uncertainty in the face of a faltering UK economy, there will likely be extraordinary opportunities for entrepreneurs to buy distressed bus [more]

Unilever has sold its North American laundry business to the private equity firm, Vestar Capital Partners, for £ [more]

Expro International, the UK oil and gas exploration specialist, is on the market and has received two substantial bids. [more]

Gatwick is seen as a likely candidate for a sale, as the Competition Commission could decide, this summer, to break up Spanish-owned BAA. The Competition Commission believes that BAA's ownership of London's three biggest airports might not be in the public [more]

One of the UK’s largest housebuilders, Barratt Developments, is mulling a £250m sale of its commercial property division, Wilson Bowden Developments. The sale would reduce the debt generated as a result of the £2.2bn acquisition of rival, Wilson Bowd [more]

St Ives, the UK-listed printing group, has put its Dutch CD and DVD division under review. This is because digital music sales has lessened the demand for physical products. [more]

Dutch chemicals and paint giant, Akzo Nobel, has put its UK business, Crown Paints, on the market for up to £ [more]

Bounty, the UK’s largest parenting club and online community for new and expectant mums, has announced that agreement has been reached for it to be acquired by Kaboose, the largest independent, family-focused online media company in North America. Under the terms of the agreement, Kaboose will acquire 100% of Bounty from private equity house ECI Partners and Bounty’s management for a purchase price of £70m, less debt and other long-term liabilities of [more]

easyJet PLC has announced that it has agreed to acquire the entire issued share capital of GB Airways Ltd, excluding its slots at Heathrow Airport, from the Bland Group Limited, for a cash consideration of £10 [more]

Listed UK mining investment firm Cambrian Mining is conducting a strategic review, in order to transform itself from an investment holding company into an operating mining group. The company plans to remove existing inherent value traps, and to create a platform for further shareholder value creation. [more]

Newfield Exploration Company has announced the signing of a purchase and sale agreement to sell all of its interests in the UK North Sea to Centrica plc, the owner of British Gas, for $486.4 million. The sale, which is subject to UK government approvals, is expected to close in the fourth quarter of 2007. This marks a complete exit by the Company from the North Sea. [more]

British drug and alcohol testing company Concateno has announced that it has reached agreement on the terms of a recommended cash offer for Cozart, the drug testing specialist. [more]

The Boards of Venture and WHAM have announced that they have reached an agreement on the terms of a recommended cash and shares offer by Venture for the entire issued and to be issued share capital of WHAM. [more]

Cape PLC, the international provider of essential support services to the energy sector, has announced that it has agreed to acquire the Australian based Total Corrosion Control group of companies. [more]

KBR has announced it has completed the sale of its interest in Devonport Management Limited to Babcock International Group plc. KBR’s ownership in DML was 51%. The gross proceeds of the sale to KBR are approximately $350m, resulting in an estimated gain of $ [more]