Business Sale News

Stagecoach purchase of FirstGroup comes under spotlight

Thu, 03 May 2012 | BUSINESS SALE
The proposed purchase by Perth-based Stagecoach of its rival FirstGroup's north Devon operations has come to the attentions of the competition authorities. FirstGroup is looking to raise around £100 million over the ne... continue reading

Hobbs 'groomed' for sale

Mon, 30 Apr 2012 | BUSINESS SALE
Fashion store Hobbs is being groomed for a sale by its private equity firm owner 3i, it has been revealed. The popular high street store looks likely to be valued at between £200 million and £250 million thanks to its... continue reading

Lotus sale on the cards?

Wed, 25 Apr 2012 | BUSINESS SALE
There are renewed rumours that Lotus Cars could be for sale after the South Norfolk MP, Richard Bacon, told parliament that the firm has appointed KPMG with a mandate to sell the business. Malaysian conglomerate DRB-Hicom recentl... continue reading

Edinburgh Airport sold to GIP

Tue, 24 Apr 2012 | BUSINESS SALE
Edinburgh Airport has been sold to Global Infrastructure Partnership (GIP) for £807.2 million. The airport was sold by BAA, the owner of Gatwick and City airports, and was forced through by the Competition Commission which ... continue reading

New owner sought for Explore Learning

Mon, 23 Apr 2012 | BUSINESS SALE
Children’s tuition centre business Explore Learning has been placed on the market as its investors look for a new owner to support expansion overseas, the Sunday Times has reported. Its shareholders include Sir Peter Ogden,... continue reading

Lion Capital mulls sale of Weetabix

Mon, 23 Apr 2012 | BUSINESS SALE
Lion Capital is assessing a potential sale of its Weetabix brand to Chinese state-backed firm Bright Food, in a deal worth about £1 billion. Talks have been in progression for the past few months about the potential sale, c... continue reading

IAG purchase of BMI agreed, Virgin Atlantic to appeal

Mon, 16 Apr 2012 | BUSINESS SALE
The European Commission has allowed IAG, British Airways’ parent, to purchase BMI airline. Virgin Atlantic is to appeal against the decision every step of the way, however. IAG has been given permission to buy BMI from Luft... continue reading

Energy recruitment firms set for buy-outs

Mon, 16 Apr 2012 | BUSINESS SALE
Sales of recruitment firms in the oil and gas industry look set to hit the marketplace as a number of major players have called in advisers. Palatine Private Equity, owner of Air Energi, has hired advisers from Deloitte to seek o... continue reading

British tailor Gieves & Hawkes changes hands

Thu, 12 Apr 2012 | BUSINESS SALE
Gieves & Hawkes, the Savile Row tailor that has dressed several high profile clients including Winston Churchill, is to be sold to its Hong Kong-based licensee Trinity. The prestigious tailor began life in 1771 making military su... continue reading

BRM Packaging sold to investment firm

Thu, 12 Apr 2012 | BUSINESS SALE
BRM Packaging has been sold to investment firm J Mindal for an undisclosed sum, it has been revealed. The company, based in Wolverhampton, has a turnover of around £2 million and employs 45 people. The deal with Mindal secu... continue reading

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