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DEAL DIRECTORY ACQUISITIONS
ABERDEEN FIRM GOES SOUTH OF THE BORDER
Aberdeen Valve Supplies (AVS) MBO of AVS led by Sylvia Aitken
has acquired LG Ball Valves, a and Gordon Whyte in 2006.
Aberdeen Valve Supplies
Walsall-based manufacturer and The AAB team was steered by
supplier of custom-made valves partner John Black and included
acquisition of LG Ball Valves
predominantly for the oil and Eliza Bellamy, corporate finance
gas industry. senior manager, and tax partner
This announcement appears as a matter of record only
Clydesdale Bank backed the Graeme Allan.
Adviser to the acquirer:
multimillion-pound deal, which Bellamy said, “The
strengthens AVS’s position in acquisition will enable AVS
the market through the to continue to build on the
acquisition of one of its premium service they provide
key suppliers. and create a one-stop shop
Financial adviser to the acquirer:
Anderson Anderson and for the design, manufacture,
Brown LLP (AAB) provided sale and testing of valve
financial advice to the packages. We look forward
management, continuing a to working with Sylvia and
relationship that began with the Gordon in the future.” ■
AVISEN IN REVERSE TAKEOVER
Z Group, an AIM-listed Following the disposal of its
investment company, has trading subsidiaries in January
Z Group Plc acquisition of
completed the reverse takeover of 2008, the company became an
Avisen, a UK strategy and investment company targeting
Avisen Group Ltd consulting business with the technology, media and
operations in the Netherlands and science sectors.
This announcement appears as a matter of record only
South Africa. BP Collins provided legal
Legal adviser to the vendor:
On completion of the deal, advice to the consultancy firm.
Z Group issued Avisen with 86.6 The team was led by Simon
million shares valued at £4.55 Deans, partner, who was assisted
million. The new company will by Diane Gill, senior associate,
trade as Avisen Plc. and Alexandra Holden, associate.
Z Group is an AIM-listed cash Deans said, “Our main aim
Nominated adviser:
shell which floated in June 2005. is to help clients grow their
At that time, the company business, and we are delighted
operated in the software and to have helped Avisen through
computer services sector. this deal.” ■
ACRAMAN TO BOOST REVENUES THROUGH DEAL
Acraman Group, an end-to-end a £100 million turnover via
ICT services provider, has acquisitions. Haslers Corporate
Acraman Group
acquired Ipitomi, a specialist in Finance advised the vendor on the
hosted telecommunications and sale. Michael Gould, senior
acquisition of Ipitomi IP services, in an undisclosed partner, and Michael Watts,
deal backed by Investec Growth partner, led the transaction.
This announcement appears as a matter of record only and Acquisition Finance. Watts said, “The group has
Ipitomi, an award-winning made acquisitions to address
Lead corporate finance adviser to the vendor:
Sunday Times Tech Track 100 the opportunity of convergence
company, will join Acraman’s in IT and telecommunications-
reseller brands, Evolution Voice managed services. The
and Data, Telinet and Pasporte. transaction provided an ideal
The move boosts staff numbers opportunity for the founding
Legal adviser to the acquirer:
to more than 200, will transform shareholder and exciting
the group into one of the UK’s prospects for the management
largest ICT services providers and going forward under the group
is in line with its mission of hitting umbrella.” ■
46 Mergers & Acquisitions
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