Fashion, Lifestyle and Luxury PVH and Warnaco to Merge
PVH Corp, owner of the Calvin Klein and Tommy Hilfiger brands, has acquired Warnaco in a deal worth US$2.9bn. The merger will also unify all the different Calvin Klein businesses under one entity. Warnaco president Helen McClusky is set to join the PVH board.
Luxottica Rumoured To Be Interested In Alain Mikli
Italian eyewear group Luxottica is reportedly weighing up a bid for French firm Alain Mikli, according to Italian press. Luxottica currently owns the Oakley and Ray-Ban eyewear brands, as well as holding licences for various designer eyewear labels.
Petards, £1m fundraising – Expansion Plans
Gateshead-based Petards, which manufactures security and surveillance technology, plans to raise £1.125m through a share issue. It is planning to expand after securing an £8m contract to supply its eyeTrain on-board digital CCTV systems. The fundraising will allow the company to accelerate its product development programme. Turnover £12.1m, 90 employees.
Sparrows acquired by equity private equity company – Business Expansion
Aberdeen-based oil service company Sparrows is planning further expansion after being acquired by US-based private-equity company AEA Investors for more than £150m. AEA replaces London-based Close Brothers Private Equity as the majority shareholder. The expansion could create employment and business opportunities at the £172m turnover business.
Miro Technologies Acquired – Global presence growth
Software company Miro Technologies has been acquired up by aerospace company Boeing for an undisclosed sum. The deal will advance Boeing's defence logistics support strategies and grow its global presence.
Horizon Nuclear Power Acquired – 12,000 New Roles
Japanese technology business Hitachi is to acquire Gloucestershire-based nuclear business Horizon, including the nuclear sites in Oldbury and Wales. The investment is part of a 100 year commitment to the UK and is set to create up to 12,000 new roles.
Experian non Core Operation – Sold to Management Team
Experian has completed the sale of PriceGrabber, its price comparison shopping business, and its US online lead generation activities to the management team of those companies for 49.6m. In addition, the sale price could increase to 68.2m if defined profit targets are achieved.
Sanlam Private Wealth – Three acquisitions
National IFA Sanlam Private Wealth has acquired three client books, increasing assets under advice by 77 million. The South African-owned national will gain 160 clients and 27 million in assets through the purchase of Stratton Annettes, and 25 million from Sheriton Financial Services, which was formerly part of collapsed network Burns Anderson. The acquisition of a third unnamed company will increase assets by a further 25 million
www.theukknackgroup.co.uk
