Terms agreed on £49.8m Filta acquisition

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Today's West Midlands business news from Insider |

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West Midlands

Wednesday 16 February 2022

LATEST NEWS

TOP STORY

Terms agreed on £49.8m Filta acquisition

A proposed all share acquisition of Filta Group Holdings by Franchise Brands, which values the restaurant industry supplier at £49.8m, is set to be recommended to shareholders.
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INSIDER FEATURE

Business Matters: Don’t leave your business vulnerable - Business lasting power of attorney

Deborah Perry from Aconveyancing says, as we head into year three of the pandemic and reflect on the overwhelming effects the virus is having on us all both personally and professionally, it’s become increasingly clear that business owners without a business Lasting Power of Attorney (LPA) in place are leaving their companies exposed to unnecessary risk.
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DEALS

AIM float a “special day” in Strip Tinning’s evolution

The chief executive of Birmingham-headquartered Strip Tinning has said the supplier of specialist connectors to the automotive sector's float on AIM marks a "special day in the company's evolution".
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Barratt’s £250m land promoter acquisition named Deal of the Month

Housebuilding giant Barratt Developments acquiring a prominent land promoter in a deal worth £250m has been named as the Deal of the Month for January.
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BDO’s Midlands team advises on facilities management sale

BDO LLP's Midlands team has advised on the sale of a facilities management company specialising in mechanical and electrical services.
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INSIDER FEATURE

Business Matters: The benefits of seeking external perspectives

Liz Whitfield from Growth Plans looks at the benefits of seeking external perspectives.
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PROPERTY

Construction underway on Solihull warehouse units

Construction is underway on three speculative warehouse units in Solihull which will total 117,000 sq ft.
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Former restaurant site earmarked for new McDonald’s

The site of a former Chinese restaurant in Shrewsbury has been earmarked for a job-creating McDonald's venue.
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Apartments set for former nightclub site

A partnership has acquired a Birmingham development site to make way for a build-to-rent scheme.
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Hygiene company secures new headquarters

An international hygiene company is eyeing further growth after securing a new headquarters in a deal brokered by Bromwich Hardy.
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Blackstone announces €21bn recapitalisation of Mileway

Private equity giant Blackstone has announced the €21bn recapitalisation of Mileway, a pan-European last mile logistics company with operations across the UK.
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BUSINESS

Groundworks firm returns to growth

The parent company of a Birmingham-headquartered groundworks firm has returned to growth during its latest financial year, according to new documents, with pre-tax profits surging to almost £30m.
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Pallet-Track hails “extraordinary” 2021 performance

Wolverhampton-based logistics network Pallet-Track has hailed its "extraordinary" 2021 performance.
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No 44 Brasserie names new head chef

No 44 Brasserie, a fine dining restaurant which is part of The Arden Hotel in Stratford-upon-Avon, has named its new head chef.
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Battery manufacturer set to build European Gigafactory

Anglo-Korean battery company Eurocell is in talks with three European countries, including the UK, to build a Gigafactory which would create hundreds of new jobs and manufacture "production ready" technologies in 12 months.
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Digital Space partners with CyberQ Group

Digital Space, a technology platform and cloud-first services provider, has formed a partnership with CyberQ Group as part of strategic plans to strengthen its cyber security portfolio.
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MANUFACTURING

Newly relaunched engineering name eyes expansion

A Coventry engineering name, which has been relaunched following a £4.2m investment, is looking to expand.
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OTHER NEWS

NEW Midlands Top 500 Companies Database - contact thousands of the senior decision makers

Midlands Top 300 SME companies data - contact top decision makers

MEMBER NEWS

HW Chamber appoints new chair

Herefordshire & Worcestershire Chamber of Commerce has appointed a new chair.
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Show home launches at Edgbaston scheme

A show home and customer suite has launched at a development in Edgbaston.
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UPCOMING EVENTS

18 Feb	Become Part of Birmingham’s Growth Breakfast
2 Mar	Midlands Health Sector: The Investment Opportunities
31 Mar	Insider Breakfast: Lincolnshire Economic Forum 2022
19 May	Insider East Midlands Dealmakers Awards 2022
26 May	Insider Made in the Midlands Awards 2022