What a nice deal

Article Abstract:

As part of its planned reorganisation, the WH Smith Group decided to sell its Niceday office stationary supplies section in order to focus on its central business. The French stationary supply company Guilbert was looking for a suitable investment opportunity to enlarge its business as protection against competition from the USA. Despite differences in business practices between the two companies the involvement of professional advisors from both countries assisted the sale of Niceday to Guilbert for 142 million pounds sterling in April 1996.

Stationery stores, Stationery & Office Suppl Stores, Office Supplies and Stationery Stores, Paper products industry, WH Smith Group PLC, Office supply stores, Guilbert S.A.

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Slip Naxos grinds to a deal

Article Abstract:

There is expected to be an increase in the level of foreign acquisition deals led by UK private equity houses, as the UK market becomes increasingly competitive. Morgan Grenfell Development Capital's (MGDC) investment in Slip Naxos of Sweden, a leading manufacturer of abrasives and grinding tools, is an example of such a deal. The buyout was completed in April 1996, enabling MGDC to develop a strong financial structure in the face of unsettled economic performance throughout Europe.

Management buyouts, SlipNaxos AB, Morgan Grenfell Group PLC

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RBDC digs for deal and strikes it rich

Article Abstract:

P&O Oilfield Services has been renamed Premier Oilfield Services, following a 37.5 million pound sterling buyout led by Royal Bank Development Capital (RBDC). The ex-P&O unit rents equipment in the oil and gas well drilling industry. P&O sold the unit in order to raise cash and also to ease plans to merge container shipping activities with Nedlloyd of the Netherlands. Premier Oilfield is now looking to expand into the Far East and Latin America, with the help of RBDC's investment.

Oil and gas field machinery, Oil and Gas Field Machinery and Equipment Manufacturing, Oilfield Production Equip, Management, Equipment and supplies, Tools, Natural gas exploration, Company Profile, Oil field equipment, Oil and gas exploration, Petroleum exploration, Premier Oilfield Services

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