News: September 2010

TAG Energy Solutions, UK manufacturer of foundation structures for wind turbines, has been snapped up in a management buyout funded by Plantina Partners. [more]
Unilever is looking to sell some of its most famous food sauce brands - including Chicken Tonight and Ragu - after declaring that it has seen little growth in the brands in the UK and that neither are among the top 10 best sellers. [more]
Scottish land developer Elphinstone Estates has entered administration, having fallen victim to a fall in demand for housing and land purchases. KPMG has been hired to manage the administration process and to sell the 18 s [more]
One of the UK's oldest package holiday companies has entered administration after a frantic battle to save it failed. The Travel Club of Upminster (TCU) appointed Shipleys as administrators, [more]
The owners of Buckingham Bingo, a leading Manchester-based bingo operator in the North, are considering a sale, according to the Manchester Evening News. [more]
Graham's, the leading independent dairy business in Scotland, has bought out its rival Claymore Dairies, in a move that its says will increase its capacity and give it additional flexibil [more]
A £250,000 unpaid tax bill could tip Dundee Football Club into administration, it has been reve [more]
BBC Worldwide has been given the all clear to push ahead with the sale of its magazines division. [more]
Blockbuster in the US has applied for bankruptcy protection in a dramatic attempt to reduce its debt pile and to undergo restructuring at the same time. [more]
The biggest parking ticket and clamping company in the UK is setting its sights on significant expansion after it was sold by its owners in a £120 million d [more]
Major Portland stone supplier Stone Firms Ltd has entered administration having been critically affected by a fall in revenue in recent years. The business, based on the Isle of Portland, near Weymouth, Dorset, is one of [more]
Private equity firm, Bowmark Capital, has placed its business Advanced Childcare, the provider of care for teenagers with behavioural challenges, on the market for over £30 mil [more]
A buyer is being sought for a Glasgow software company that fell into administration despite receiving £1 million in government funding from the Capital for Enterprise sch [more]
A portfolio of properties including an office block on Belfast’s Great Victoria Street is being sold after the owner, Jermon Developments, went into receivership in June. Osborne King is selling the properties which include Fanum House on Great [more]
A Midlands carpet firm is facing a more secure future after successfully being bought out by its management. [more]
New figures from Jones Lang LaSalle show that commercial property transactions almost doubled in the first half of 2010, compared with transactions in the first half of last year. [more]
Langan’s Restaurants, the renowned London chain of eateries set up with Michael Caine, has been put up for s [more]
HIT Entertainment, the group behind popular children’s TV and book characters Thomas the Tank Engine and Bob the Builder amongst others, is being prepared for a partial or complete sell-off by private equity owners Apax Partn [more]
Managed ICT services provider Calyx has survived administration with all 300 employees retained after private equity firm Better Capital purchased the business. [more]
Signalling a return to the investment market, the Royal Bank of Scotland (RBS) has announced it will issue £4.7 billion in commercial mortgage-backed securities – which experts hope will signal a return to a more positive lending envi [more]