Business Sale News

Gleaner Oils 'close to sale'

Mon, 04 Mar 2013 | BUSINESS SALE
The Gleaner Oils business, based in Elgin in Scotland, is reportedly close to finding a buyer. The business was put on the market back in May of 2012 after shareholders, Mary Jane Scott, David Todd, Brian Young and Billy Laing, p... continue reading

Free From business sold to Genius Foods

Sat, 02 Mar 2013 | BUSINESS SALE
The Free From gluten-free food specialist has been sold by its parent company Finsbury Foods to Genius Foods. Reports confirm that the sale went through for £21 million and included the business' subsidiaries, Livwell ... continue reading

French firm poised to buy R&R

Fri, 01 Mar 2013 | BUSINESS SALE
French company PAI Partners is set to buy R&R Ice Cream if all goes according to plan. The former owner of the Yoplait dairy brand looks set to take control of R&R in a deal worth around £700 million. However, PAI, a priva... continue reading

Co-op deal to buy 200 Lloyds branches snagged by £1bn hole

Thu, 28 Feb 2013 | BUSINESS SALE
A deal for the Co-operative Bank to purchase over 600 branches from Lloyds Banking Group could be scupppered by a £1 billion cash deficit. The FSA had discovered the deficit in the Co-op’s capital reserves in an indus... continue reading

Edinburgh Instruments business sold

Thu, 28 Feb 2013 | BUSINESS SALE
Edinburgh Instruments (EI) has been sold to Techcomp, a Hong Kong-listed business, for £1.9 million. The business is the first spin-out company from Heriot-Watt University and was founded in 1971. Professor Des Smith, the t... continue reading

OFT allows Nakano vinegar business sale to go through

Wed, 27 Feb 2013 | BUSINESS SALE
The Office of Fair Trading (OFT) has allowed the sale of Nakano UK Holding Limited's Burntwood vinegar plant in Staffordshire to Baxters Food Group Limited to go ahead. The sale has been accepted "in order to remedy competit... continue reading

Paypal rival Skrill is being prepared for a sale

Mon, 25 Feb 2013 | BUSINESS SALE
The online payments provider and rival to Paypal, Skrill, is being prepared for a sale. Skrill, which owns the Moneybookers brand, is expected to achieve up to £600 million in a sale. It has been in the hands of Investcorp,... continue reading

US firm set to buy Countryside

Mon, 25 Feb 2013 | BUSINESS SALE
Countryside Properties is preparing for a takeover move from US vulture fund Oaktree Capital Management. The construction firm is one of Britain's leading house builders and sold in the region of 580 homes across the UK in ... continue reading

MetLife confirms UK business for sale

Fri, 22 Feb 2013 | BUSINESS SALE
MetLife Inc has confirmed that its British bulk annuity business, MetLife Assurance Ltd, is up for sale. The company, which is the largest US life insurer, has hired investment bankers from Citibank to run the UK business sale, w... continue reading

Rank given official OK to buy 19 Gala casinos

Thu, 21 Feb 2013 | BUSINESS SALE
Rank has been granted permission to purchase 19 of Gala’s 23 UK casinos by the industry regulators. The Competition Commission released their final report this week after a provisional ruling in December, which said Rank wo... continue reading

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