DEALS, MERGERS AND PARTNERSHIPS
University sells pharma shares
The University of Nottingham has sold its shares in Nasdaq- listed Juniper Pharmaceuticals, realising £625,000. The University acquired the
shares following the formation and sale of Molecular Profiles, a spin-out company led by an academic group from its School of Pharmacy. Molecular was acquired by Columbia Laboratories in 2013, which rebranded as Juniper Pharma Inc and floated the company on Nasdaq. Juniper still retains a team in Nottingham, providing a range of pharmaceutical development activities. The university’s spin-out
portfolio is managed by Nottingham Technology Ventures, and includes over 20 businesses in various stages of development. Andrew Naylor, Chief
Executive of Nottingham Technology Ventures, said: “The sale of shares in Juniper Pharmaceuticals is the third exit from the university’s spin- out portfolio this year and is in-line with the university’s policy to realise value from its equity in listed companies.”
Acquisition will grow Cathelco’s global footprint
Chesterfield-based Cathelco is to extend its geographic footprint and expertise in cleantech systems following acquisition by Evac Group. Cathelco, a leading global
manufacturer of equipment for ships and offshore installations, announced recently that it has been acquired by Finland-based Evac Group, a world- leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries. Cathelco has established relationships with Evac’s existing customer
groups in the marine and offshore industry, including ship owners, shipyards, fleet managers, rig owners and operators, oil companies, navies and marine architects and has an excellent product fit with Evac’s portfolio. The acquisition gives Cathelco the opportunity to further expand its geographic footprint and expertise in cleantech systems while also opening up new business opportunities. Justin Salisbury, Group Managing Director of Cathelco Group, said:
“Our already broad geographic footprint and expertise in cleantech systems will be augmented considerably by Evac’s broad portfolio, which will enable our customers to meet all their needs from a single reliable partner.” Tomi Gardemeister, Evac Group CEO and President, added: “An
extended cleantech system offering, together with an enlarged sales and service network, will allow us to offer a more comprehensive range of solutions and services to our customers.”
Justin Salisbury, Group Managing Director of Cathelco Group
Tigers forge cider deal ahead of new season
England’s most successful rugby club, Leicester Tigers, and one of the UK’s leading cider producers, Westons Cider, will be joining forces in a new commercial partnership ahead of the 2018/19 Gallagher Premiership season. Stowford Press Cider will become the official cider partner of Leicester
Tigers and the prefered brand for the club’s Final Whistle bar situated in the Holland & Barrett Stand. Leicester Tigers and Westons Cider were both founded in 1880. Andrea Pinchen, Commercial Director at Leicester Tigers, said: “Westons
L-R: Kurt Case, Joe Garland, Joanna Garland, Dean Ashley and Justin Ashley.
Event companies team up for team building
Leading corporate events and team building company Eventurous has been bought by Garlands Leisure. Established in 1989, Eventurous
is a well-respected market leader in the corporate events industry. The acquisition perfectly complements the offering of Garlands Leisure, trading as Garlands Corporate, by providing an offsite solution for companies holding events at venues other than Mythe Barn or Mythe Farm, where Garlands Corporate primarily operates.
20 business network July/August 2018 Eventurous will continue to trade
as a separate entity, working in parallel with Garlands Corporate, which provides highly specialised corporate team building events and team development programmes including psychometric profiling and leadership development. Joanna Garland, Director of
Garlands Leisure, said: “We are really excited to have the Eventurous team here with us, they have such a wealth of knowledge and experience working at venues all over the country.”
Cider is one of the industry’s biggest and most respected organisations so to welcome Stowford Press to the Tigers family is a huge positive for the club. At Welford Road, we aim to create the best matchday experience for fans and visitors so to be able to add Stowford Press as our cider of choice is something we’re immensely proud of.”
Stowford Press is the new official cider partner of Leicester Tigers
‘Cathelco has established relationships with Evac’s existing customer groups in the marine and offshore industry’
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