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Division Sale News


Engineering giant looks to sell oil and gas division

Wed, 26 Feb 2020 | DIVISION SALE
Scottish engineering giant Weir Group is looking to sell its oil and gas business and focus its efforts on its mining division. A downturn in the American shale gas market saw Weir incur losses and a £546 million oil and h... continue reading



SSE sells retail business to OVO Energy

Wed, 15 Jan 2020 | DIVISION SALE
Power utility SSE has announced it has completed the sale of its retail arm SSE Energy Services to OVO Energy for £500 million. SSE will use the proceeds of £400 million cash plus a £100 million loan note to tr... continue reading



Travis Perkins offloads plumbing and heating business

Mon, 13 Jan 2020 | DIVISION SALE
Britain’s largest building materials group Travis Perkins has sold its wholesale plumbing and heating business Primaflow F&P to specialist distribution group Newbury Investments for £46 million. Travis Perkins says t... continue reading



Nektan sells UK B2C business for £200,000

Wed, 08 Jan 2020 | DIVISION SALE
Online gaming platform operator Nektan Plc has announced that its administrators PCR London LLC have sold its UK B2C business to Grace Media for £200,000. The sale forms part of Nektan’s wider restructuring and comes... continue reading



Galliford Try completes sale of housebuilding business

Tue, 07 Jan 2020 | DIVISION SALE
Galliford Try has completed the sale of its housebuilding business to Bovis Homes PLC in a transaction valued at approximately £1.1 billion. The deal value includes shares, a debt transfer and a cash payment of £300 mi... continue reading



Quilter completes sale of assurance business

Thu, 02 Jan 2020 | DIVISION SALE
Wealth management firm Quilter has completed the sale of Quilter Life Assurance (QLA) to ReAssure Group for £445 million. The deal was first announced in August of 2019 for an agreed fee of £425 million, the addition... continue reading



NG Bailey acquires substation specialist

Mon, 16 Dec 2019 | DIVISION SALE
Building services contractor NG Bailey has acquired Schneider Electric’s Substation Engineering Services (SES) division. Schneider is a provider of power engineering and facilities solutions, with its SES division operatin... continue reading



SSE sells retail business to OVO Energy

Sun, 15 Dec 2019 | DIVISION SALE
Power utility SSE has announced it has completed the sale of its retail arm SSE Energy Services to OVO Energy for £500 million. SSE will use the proceeds of £400 million cash plus a £100 million loan note to tr... continue reading



KPMG agrees to sell pensions arm

Fri, 06 Dec 2019 | DIVISION SALE
Professional services network KPMG has announced that it has reached a conditional agreement to sell its pensions practice to Newco, in a private equity-backed MBO. The deal is backed by private equity firm Exponent, along with K... continue reading



Administrators seek buyer for auction firm

Thu, 04 Jul 2019 | DIVISION SALE
A large retail agency and professional services business has appointed administrators and ceased trading with its rural auction branch. With eight sites across Cheshire and Derbyshire, Wright Marshall currently employs 129 employ... continue reading



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