http://www.business-sale.com - Research into international M&A activity by KPMG has revealed that the number of acquisitions made by UK firms this year has left 'big growth' countries trailing behind. British companies recorded 232 acquisitions of international companies in 2010, marking a big shift in the merger and acquisition market. International acquisitions by Chinese firms were just 38 per cent of UK levels in the second half of this year, whilst Indian acquisitions were under 19 per cent of UK levels. Senior partner for KPMG in Scotland, Craig Anderson, predicted that UK energy firms and consumer businesses will see the highest M&A levels in 2011.
http://www.business-sale.com - Derby-based steelwork contractor Robinson is edging closer to a sale - a deal which would save the company from closure. Venture capitalist R Capital, best known for reviving the fortunes of the Little Chef roadside restaurant chain, is said to be the most likely buyer for the troubled family-owned business. Robinson, which has been trading since 1964, has been on the market for over a year and was moving ever closer to administration if a buyer could not be found. Prior to the financial downturn, the firm, which specialised in steelwork for the agricultural and construction sectors, enjoyed a £48 million turnover.
http://www.business-sale.com - The level of mergers and acquisitions will increase next year as companies look to maintain profitability, according to a new report from financial services firm Deloitte. Two-thirds of companies in the consumer products sector said they were optimistic about M&A activity, alongside predicting positive growth for future profitability. Corporate finance partner at Deloitte in Leeds, Martin Jenkins, reported that the potential rise in acquisitions could be attributed to companies seeking ways to drive further cost base efficiencies or find ways to offset reductions in profit margins, and that acquiring competitor businesses is one way to achieve this.
http://www.business-sale.com - Bristol-based support services company Mitie has seen its half year profits jump thanks to a series of business acquisitions. Following the purchases, profits rose by 12 per cent to £47.5 million, despite public spending cuts dampening growth elsewhere. Revenue also rose by 14.7 per cent. Mitie chief executive, Ruby McGregor-Smith, called the figures 'a strong set of results in turbulent times,' adding that the 'vast majority of revenue growth came from acquisitions.' Last year, Mitie acquired the technical facilities arm of Dalkia for £130 million. It also bought social housing contractor Environmental Property Services for £38.5 million.
http://www.business-sale.com - Following the acquisition of one of its competitors, Glasgow-based IT firm, Iomart, has doubled its pre-tax half year profits. Earlier this year, the web-hosting firm acquired rival Titan Internet for £4.2 million, after seeing a rise in client demand for cloud hosting solutions. The purchase saw Iomart take control of more than 1,000 servers previously operated by Titan, pushing profits to £1.16 million from £517,000 last year. Since the acquisition, Iomart has won more than 200 new orders and has grown the 'size and quality' of its customer base, according to chief executive Angus McSween.
http://www.business-sale.com - ccording to Experian's latest insolvency index, the number of business insolvencies across the country has fallen by 17 per cent compared to the same time last year. The index found that 1,635 British businesses failed last month, down from 1,976 in October last year. Very large companies noted the biggest decline in insolvencies. Whilst all regions saw declines from the levels reported last year, Scotland recorded the lowest rate at which businesses declined, at 0.05 per cent. Despite this positive news, the trade body of insolvency professionals, R3, warned that borrowing costs remained high for businesses across the country.
http://www.business-sale.com - A business integration expert has highlighted the importance of speed when companies are being merged. Paul J Siegenthaler, founding partner at Focus On Change, said that the reason 50 per cent of mergers were successful was due to the companies moving 'very fast' on the day the merger was announced. By moving quickly, companies can reassure staff as well as keeping competitors at bay, he added. Companies were advised to 'gain good traction from day one,' by sharing information with staff members, organising an integration project team and defining the joint vision of the company post-integration.
http://www.business-sale.com - Professional services group Begbies Traynor has finalised its second takeover this month with the purchase of the insolvency division of Walletts Chartered Certified Accountants. The Manchester-based group snapped up the firm just days after its acquisition of business recovery and insolvency practitioners Hamiltons, which is located in Sheffield. Begbies also took over Manchester firm Tomlinsons in June of this year, expanding its insolvency arm. Ric Traynor, Begbies' executive chairman, said that the latest acquisition 'represented further progress in line with our long-term strategy to expand the group's core insolvency and restructuring business.'
http://www.business-sale.com - Events are taking place all over the world as part of Global Entrepreneurship Week, which aims to encourage entrepreneurs of the future. More than 10 million people in 100 countries are expected to take part, with 36,000 events being held in the UK alone. David Cameron has endorsed the venture, claiming that the UK's future relies on the creativity of budding entrepreneurs. Cameron said he hoped the week would encourage those who are 'dreaming about making it big to get out there and do it.' Peter Jones, chairman of Enterprise UK, said that entrepreneurship is a skill that can be taught just like any other, which is why Global Entrepreneurship Week is so vital.
http://www.business-sale.com - There has never been a better time to make new business acquisitions, according to Former Dragon's Den star Richard Farleigh. As so many businesses are struggling to find funding, there are numerous opportunities for snapping up great deals. Farleigh advises aspiring entrepreneurs to take advantage of the current environment and 'invest, rescue businesses and do deals.' He says that the lack of funding available to some businesses means that many are relatively low-risk investments. One such success story is entrepreneur William Sibley, who has bought two businesses over the past ten weeks. His planned acquisition of additional businesses is expected to double the turnover of his facilities management business from £7.5 million.