News

Former Hampshire care home sold out of administration

Thu, 10 Jun 2021 | BUSINESS SALE
A former care home in Hampshire has been purchased by specialist care operator Bramley Health for an undisclosed price. Based in Horndean, the former Fieldgate House nursing home - which was registered to house 29 service users... continue reading

Top Manchester restaurant put up for sale

Wed, 09 Jun 2021 | BUSINESS SALE
One of Manchester's biggest Indian restaurants has been put up for sale following a dispute between the restaurant's founders. Royal Nawaab, the buffet restaurant and banqueting hall based in Levenshulme, has been at the... continue reading

Engineering firm falls into administration

Wed, 09 Jun 2021 | ADMINISTRATION
Merseyside highways and utility contractor Vital Infrastructure Asset Management (VIAM) has announced that it has fallen into administration. The firm, which traded as King Construction until two months ago, has recently rebrand... continue reading

Private equity-backed Agilico acquires Tyneside tech firm

Tue, 08 Jun 2021 | BUSINESS SALE
Agilico, which is backed by private equity firm Horizon Capital, has acquired Tyneside-based Diamond Group for an undisclosed amount. The acquisition of Diamond Group, which provides telecoms and tech support to SMEs, adds £... continue reading

Healthcare firm acquired at 3.5x multiple of revenue

Tue, 08 Jun 2021 | BUSINESS SALE
South Wales-based BBI Healthcare (BBIH) has been sold to Venture Life Group for a potential sum of £36 million. This sum would represent approximately a 3.5x multiple of the firm’s most recent £10.2 million in re... continue reading

Hays Travel acquires homeworking company

Mon, 07 Jun 2021 | BUSINESS SALE
Hays Travel has acquired homeworking franchise firm Explorer Travel for an undisclosed fee as it looks to expand its homeworking operation. The move to acquire Explorer Travel comes after Hays Travel accelerated a review of its po... continue reading

Dennis Publishing puts The Week up for sale

Mon, 07 Jun 2021 | BUSINESS SALE
Dennis Publishing has put its news and current affairs publication The Week up for sale, hiring Liontree Advisors to oversee the process. The move comes as the print media industry is coming under pressure as readers increasingly ... continue reading

Gin bar founder announces plans to sell

Fri, 04 Jun 2021 | BUSINESS SALE
Paul Reynolds, the founder of popular Glasgow gin and cocktail bar Gin71, has announced plans to sell the business. Gin71 has been put up for sale for leasehold interests for offers over £475,000, Reynolds added. It is being... continue reading

Wooha Brewing acquired out of administration by North Coast Brewing

Fri, 04 Jun 2021 | BUSINESS SALE
North Coast Brewing has acquired Wooha Brewing from administrators for an undisclosed sum. Morayshire-based Wooha, which was founded in 2015, experienced “unsustainable cash flow problems” and fell into administration ... continue reading

Balfour Beatty restarts asset sales

Thu, 03 Jun 2021 | DIVISION SALE
Infrastructure group Balfour Beatty has announced that it has restarted its asset disposal programme with the sale of a £20 million project in Canada. The group said it has sold its 70 per cent interest in the BC Children&#... continue reading

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