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Fri, 30 Jul 2021 | BUSINESS NEWS
According to figures from The Insolvency Service, company insolvencies in England and Wales increased 31 per cent in Q2 2021. Insolvencies for the second quarter were comprised of 90 per cent CVLs, 5 per cent administrations, 3 pe... continue reading
Thu, 29 Jul 2021 | BUSINESS SALE
Savings and pensions provider Embark Group has been acquired by Lloyds Banking Group for £390 million, an 11.6x multiple of the group’s last reported revenue of £33.5 million. The takeover also includes several o... continue reading
Wed, 28 Jul 2021 | BUSINESS SALE
Starling Bank has made its first acquisition, with a £50 million cash and share deal for buy-to-let mortgage provider Fleet Mortgages. The takeover is part of Starling’s plan to grow through forward-flow arrangements, ... continue reading
Wed, 28 Jul 2021 | BUSINESS SALE
Investment firm S-Ventures has acquired plant-based snack and drink brand Pulsin in a £7.5 million deal. The deal follows S-Ventures’ acquisitions of plant-based snack maker We Love Purely in January and probiotic choc... continue reading
Tue, 27 Jul 2021 | BUSINESS SALE
Northeast cognitive disability and mental wellness tech firm eQuality Solutions Group (eQS) has acquired London-based diversity consultancy Equality Works Group (EW Group) in a seven-figure deal as part of its buy-and-build acquis... continue reading
Mon, 26 Jul 2021 | BUSINESS SALE
NewRiver REIT has agreed to sell its community pub business Hawthorn Leisure to Admiral Taverns for £222.3 million. The deal represents slightly over a 16x multiple of Hawthorn’s most recently reported revenue of &poun... continue reading
Fri, 23 Jul 2021 | ADMINISTRATION
Structural engineering firm Cleveland Bridge has fallen into administration, with a buyer now being sought for the Darlington-based firm. The firm’s collapse came after the COVID-19 pandemic caused delays to numerous global ... continue reading
Thu, 22 Jul 2021 | BUSINESS SALE
Fintel has announced the disposal of employee benefits platform Zest Technology to FPE Capital for an initial cash consideration of £10 million, a multiple of 22x trailing EBITDA. Depending on performance in FY21, the deal h... continue reading
Wed, 21 Jul 2021 | ADMINISTRATION
JTF Mega Discount Warehouse has fallen into administration after a potential buyer pulled out of a deal to acquire the business at the last minute. The discount chain, which requires customers to join as members and has 12 outlets... continue reading
Wed, 21 Jul 2021 | BUSINESS SALE
Construction services and staffing firm Adeo Construction Services has been successfully sold out of administration by insolvency practitioner SFP. Joint administrators David Kemp and Richard Hunt were appointed to the firm on Jun... continue reading
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West Midlands IT firm acquired by US group | BUSINESS SALE
CSI Limited, a West Midlands-based provider of mission criti...
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May
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Drainage and civil engineering firm acquired by environmental services group | BUSINESS SALE
Glanville Environmental, a South West-headquartered drainage...
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May
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PE-backed accountancy completes 12th acquisition in three years | DIVISION SALE
Private equity-backed accountancy and professional services ...
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