Europe

Headlines

Deals in the UK & Ireland climb 27% in 2018 despite political headwinds

1,802 deals in UK & Ireland, up 27% from 1,414 in 2017Foreign acquisitions of UK & Ireland companies up from 29% in 2017 to 44% in 2018 2,762 transactions completed in Q4 worldwide, up 9% from 2,542 in Q3 UK Business Services sector accounts for the highest number of UK deals (731)  Mergers and acquisitions (M&A) activity targeting UK and...

Ben Collett joins Duff & Phelps as Managing Director

Joins growing team of senior professionals offering advisory services for corporates across Europe and globally. Duff & Phelps, the global advisor that protects, restores and maximises value for clients, today announced that Ben Collett has joined the firm as a Managing Director in its Restructuring Advisory practice. Working across the firm’s...

BGF expands team with new hire in Yorkshire

BGF – the UK and Ireland’s most active investor in growing companies – has appointed Sophie Brand as an investor in its Leeds office.  Sophie joins from Deloitte where she spent nearly eight years working across the firm’s Leeds and London offices. After qualifying as a Chartered Accountant in Deloitte’s audit practice, Sophie has...

Sky & Space Global raises $12 million to help connect billions of unconnected people in the equatorial belt

SAS plans to operate a network of 200 nano-satellites to provide around the clock affordable voice, data, instant messaging, M2M and IoT communications to the equatorial beltFirst batch of the Pearls constellation nano-satellites to be launched with Virgin Orbit by mid-2019 following the receipt of signed binding commitment letters for a two-tranche...

BIMBO at leading UK parts wholesaler

The UK’s largest wholesale distributor of parts and components for the caravan and motorhome industry, MRDB, has undergone a multi-million-pound Buy-In-Management-Buy-Out (BIMBO) under which the existing management team has been expanded to bring in additional shareholder-directors with specific commercial expertise. Derbyshire-based MRDB, which...

Legal

67% of law firms say skills shortages threaten growth

Despite the ongoing environment of geopolitical uncertainty, UK law firms remain optimistic about their growth prospects. That’s according to new research from specialist recruiter, Clayton Legal , which reveals that 66% of firms are looking to increase headcount over the next twelve months to contend with increased demand for their services. The...

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

Deals

Coffin Mew advises on Straightpoint UK acquisition

Leading law firm Coffin Mew acted on behalf of Hampshire-based equipment manufacturer, Straightpoint (UK) Limited, in its sale to The Crosby Group, the largest lifting, rigging and materials handling hardware company in the world.   The acquisition includes Straightpoint’s manufacturing facility and headquarters in Havant, which...

Palamon completes roll-over investment in Ober Scharrer Gruppe alongside Nordic Capital

Palamon Capital Partners (“Palamon” or the “Firm”) has completed a roll-over investment, alongside core Palamon investors Adams Street Partners and PGGM, in Ober Scharrer Gruppe (“The Company”) following the sale of the Company by Palamon to majority owner Nordic Capital Fund IX in 2018.  Palamon originally acquired a majority...

deVere acquires UAE-based wealth adviser, Prosperity

One of the world’s largest independent financial advisory organisations is continuing its “ambitious vertical and horizontal growth strategy” with the acquisition of Prosperity, a UAE-based IFA firm.  deVere Group founder and CEO, Nigel Green, announced the acquisition to his existing teams across his global network on Wednesday...

Thirdpresence acquires Flowplayer to fix broken video monetization with machine learning

Thirdpresence, a programmatic video advertising company, has acquired video platform Flowplayer to develop a unified contextual video and advertising offering that helps advertisers achieve their branding objectives and improve the ability for premium publishers to monetize their content. The newly combined company will operate under the Flowplayer...

Maven and NVM back Mojo Mortgages with £3.25 million investment as part of £7 million funding round

New digital broker platform brings end-to-end solution to the mortgage application process Maven Capital Partners (“Maven”) and NVM Private Equity (“NVM”) have completed a £3.25 million equity investment in UK fintech start-up Mojo Mortgages (“Mojo” or the “Company”), which aims to create a better mortgage experience by providing...

Acq Lite

How women can secure the investment they deserve

Women don’t ask for the investment that they need for their businesses; here is how to ask for more money and how to get it Earlier this year, the Treasury published its statistics on venture capital funding highlighting that within the UK, only 1p out of every £1 of venture capital goes to women-led start-ups. Comparatively, all-male founding...

Curious quokka licks cyclist's pedals in Western Australia

March 9 (UPI) -- A cyclist taking a break in Western Australia captured video of a curious quokka licking the pedals of her bicycle.Shannon Ducker said she was taking a break from cycling on Rottnest Island when the quokka approached her bicycle and started licking the pedals.Ducker captured video as the apparently hungry animal enjoyed the taste of...

Truck loses, drags two wheels on Oregon road

March 9 (UPI) -- A driver on an Oregon road captured video of a semi truck that somehow lost two wheels on a city road and dragged them for several yards.The video, filmed Monday on a street in Cornelius, shows the semi driving on a slow speed while dragging two wheels that somehow became separated from its trailer.The wheels drag behind the truck until...

Cat credited with rescuing Pennsylvania couple from fire

March 9 (UPI) -- A Pennsylvania couple's pet cat is being hailed as a hero after alerting its owners to a late night fire that started inside their home.The McKeesport Fire Department said the couple were in bed about 1:30 a.m. Friday when their cat alerted them to something amiss inside their home."Fortunately, both were in bed at the time, and the...

IHOP announces breakfast-themed PancakeWear clothing line

March 9 (UPI) -- Restaurant chain IHOP announced the debut of its breakfast-themed clothing line, PancakeWear, created to benefit a children's charity.The eatery announced it will soon be offering onesies, loungepants and socks in adult and child sizes featuring breakfast-themed prints."The ultra-comfy PancakeWear by IHOP collection is the perfect accessory...