Dunedin-backed CET, which supplies specialist outsourced services to the construction and insurance sectors, has acquired Doncaster based materials testing company, Construction Testing Solutions (CTS), in a transaction valued at GBP3 million.   This acquisition further cements CET’s position as a leading UKAS accredited testing and outsourcing powerhouse in the UK.   The acquisition, funded by the company’s own cashflow, will enable CET to expand its geographical reach across the UK. With testing centres also located in the Midlands, Scotland and the South, it can now provide clients from the construction sector, such as Aggregate Industries and VolkerWessels UK, with a

MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, has gained all regulatory approvals for its acquisition of Capital Analytics, the private equity administration business of Neuberger Berman Group. The deal, which is now closed, is part of MUFG Investor Services’ strategy to become a global industry-leading fund administrator and brings its private equity and real estate assets under administration (AUA) to USD145billion, and total AUA to USD384billion. Junichi Okamoto, Group Head of Integrated Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation, says: “The acquisition of Capital Analytics is another indication of

Six Degrees Group (6DG) has acquired application hosting provider Insite Limited, a provider of Microsoft Dynamics AX hosting and managed services in the Cloud. Insite specialises in hosting and managing business-critical applications based on Microsoft technologies. Established in 1994, Insite owns and operates its own tier 3 aligned data centre where it hosts private cloud infrastructure, dedicated to each client, upon which it builds tailored platforms to operate ERP and CRM platforms, predominantly but not exclusively for Microsoft applications.    With customers spanning both private and public sectors, Insite regards IT security as being absolutely intrinsic to its business and

European private equity firm Silverfleet Capital is to acquire a majority stake in the aerospace division of Avingtrans Plc, a UK precision engineering components manufacturer for the commercial aerospace sector.   Sigma is being bought for an enterprise value of GBP65.0 million and its existing management, led by its founding CEO, Mark Johnson will acquire a minority interest.  Completion of the transaction is subject to Avingtrans Plc shareholder approval and regulatory approvals from the German and Austrian competition authorities.  Sigma operates from four sites in the UK and two sites in China employing approximately 750 people and serves global aerospace

Weil, Gotshal & Manges (Weil) is advising Bain Capital and Advent International on the EUR1.1 billion acquisition by Mercury UK Holdco Limited, the current majority shareholder of Istituto Centrale delle Banche Popolari Italiane’s (ICBPI), of Setefi Services (Setefi Processing) and Intesa Sanpaolo Card (ISP Card) from Italian bank Intesa Sanpaolo. Setefi Processing, based in Milan, is a payment processing platform of Intesa Sanpaolo in Italy, one of Europe’s leading banking groups and Italy’s number one commercial bank. ISP Card is the payment processing platform of Intesa Sanpaolo’s CEE business and operated in nine countries including Hungary, Slovenia, Romania and Croatia.