• Enterprise acquires City Car Club
    • 02/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    Enterprise Rent-A-Car has announced the acquisition of independent car sharing company, City Car Club. The purchase reinforces Enterprise’s capabilities as one of the UK’s leading providers of mobility solutions to individuals and businesses that require a vehicle for an hour, a day or for longer [...]
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  • Carlyle to acquire Nationwide for £43.2m
    • 01/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    Carlyle Group has reached an agreed deal to acquire Nationwide Accident Repair Services for £43.2 million. In a separate statement on the London Stock Exchange on Wednesday, Nationwide said it has completed the acquisition of Seward Accident Repair Services for £3.8 million in cash. Carlyle, which will acquire [...]
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  • Nationwide acquires Seward group
    • 01/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    Nationwide has announced that it has completed the acquisition of Seward Accident Repair Centres Ltd. The total net cash consideration is £3.8m and will be funded from the group's own cash and banking resources. Seward is the tenth largest independent bodyshop chain in the UK and operates from a head office in [...]
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  • Innovation wins European motor contract
    • 01/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    The Innovation Group has announced that it has secured a new client win with a tier one European motor brand. This contract is the first of a number of expected software contracts over the coming quarter. It commences with immediate effect, and is valued at £3.6m with £2.5m being recognised over the next 12 [...]
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  • esure completes Gocompare acquisition
    • 31/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    esure has announced that the acquisition of Gocompare is now complete. Further to the announcement on 8 December 2014 that esure Group had conditionally agreed to acquire the outstanding 50% of GoCompare.com Holdings Ltd for a consideration of £95 million, and the subsequent announcement on 23 February 2015 that [...]
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  • Quindell confirms Slater and Gordon sale
    • 30/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Quindell has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon Ltd for an initial cash consideration of £637 million. Quindell has announced that it has today entered into a conditional sale and purchase agreement to dispose of the [...]
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  • Karl Vella acquires fifth bodyshop
    • 20/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Accident repair company The Karl Vella Group, based in Lancashire, has announced the acquisition of its fifth bodyshop. The bodyshop, in Workington, Cumbria, had previously been trading as Millican Motors Ltd and had entered voluntary liquidation at the end of January 2015. The Karl Vella Group has acquired all [...]
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  • Markerstudy eyes up Chaucer deal
    • 16/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Post Online has reported that Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled. It is believed hopes are fading that the Apollo deal, which is being fronted by former Giles CEO and latterly Arthur J Gallagher [...]
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  • BCA set for £1bn takeover
    • 16/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Europe’s largest second-hand vehicle auctioneer, British Car Auctions, is expected to be sold for more than £1bn to a City of London consortium. British Car Auctions is in advanced talks with Haversham Holdings — a listed consortium that is led by former Stobart Group chairwoman Avril Palmer-Baunack. It [...]
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  • Quindell purchases final Navseeker shares
    • 13/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Quindell has today acquired the remaining 8.33% of Navseeker, through the purchase of 832,000 ordinary shares. On 5 March 2015, Quindell announced the settlement of litigation and the associated acquisition of 11.67% of Navseeker not already held by the company. As part of the process to achieve full ownership of [...]
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