Division Sale News

Co-operative Group to sell Sunwin Services

Mon, 26 Mar 2012 | DIVISION SALE
The Co-operative Group is eager to sell Sunwin Services, its cash handling division, to raise the funds to facilitate its purchase of a portfolio of Lloyds’ bank branches. Advisers from Buckingham Corporate Finance have bee... continue reading

Sale of Lloyds branches to Co-op 'faltering'

Fri, 23 Mar 2012 | DIVISION SALE
The planned sale of 630 Lloyds bank branches to the Co-operative Group is facing significant difficulties, after the companies found negotiations to be more difficult than expected. A statement from Lloyds has confirmed that the... continue reading

61 Comet stores in possible sale

Wed, 21 Mar 2012 | DIVISION SALE
OpCapita, Comet’s new owner, has unofficially placed 61 of the electricals stores on the market as it prepares to negotiate terms with Comet’s landlords. Henry Jackson and Mr Clare of OpCapita are due to meet with Com... continue reading

Spirit Pub Co to sell 80 tenanted pubs

Fri, 16 Mar 2012 | DIVISION SALE
Spirit Pub Co is due to put 80 tenanted public houses on the market amid falling revenues. The 80 loss making pubs are all managed by landlords, but owned by the company, which had recently reported a 6.4 per cent fall in like-fo... continue reading

Birthdays card retailer put on the market

Thu, 08 Mar 2012 | DIVISION SALE
The struggling greetings card retailer, Birthdays, has been put on the market by its owner Clinton Cards in an effort to return to profit. Ernst & Young has been brought in to manage the sale process of the 141-store Birthdays ch... continue reading

Emap mulls sale of its magazines and conferences business

Fri, 02 Mar 2012 | DIVISION SALE
Emap is mulling the sale of its magazines and conferences businesses as it considers a restructuring process. No decisions have yet been made and the potential sale would not signify a break up of the company. Emap is mainly focu... continue reading

LMW Electronics benefits from partial sale

Tue, 28 Feb 2012 | DIVISION SALE
Leicestershire-based LMW Electronics has sold part of its business to global security firm Digital Barrier and, in doing so, has effectively saved 15 jobs. The £450,000 deal involved the transferral of LMW’s designs f... continue reading

Rexam to sell its personal care business

Wed, 22 Feb 2012 | DIVISION SALE
Packaging manufacturer Rexam has decided to sell off its loss making personal care plastics business, after it was dragged down by increasing costs and lower volumes. It has been indicated in research from Bank of America Merril... continue reading

Travel agency Iglu on the market

Tue, 21 Feb 2012 | DIVISION SALE
Matrix Private Equity has put its stake in online travel agency Iglu on the market. After being approached by interested third parties, the private equity firm – Iglu’s main backer – decided to sell its stake, a... continue reading

Enterprise Inns to let go of its strongest pubs

Fri, 10 Feb 2012 | DIVISION SALE
Pub firm Enterprise Inns has plans to dispose of some of its best performing pubs over the next two years, to assist in refinancing its £400 million of bank debts. It aims to raise up to £200 million a year by disposi... continue reading

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