Mergers and acquisitions

The drama around the future ownership of the Telegraph has taken a new twist – even before the official sale process is underway.

Companies within the PFI Group were owed nearly £240,000 by shuttered Mardan Products, according to documents just filed, with creditors owed more than £1.5m in total.

A probe by HSBC Invoice Finance precipitated events at BCQ Group that resulted in its pre-pack sale to Pollards in a £3m deal.

Grafenia has dramatically upped its plans to expand via more M&A with a new fundraising that could raise nearly £28m.

A4 Laser Labels has expanded its offering and expects to double sales after acquiring the specialist office labels business from neighbouring firm Interket.

Saica Group has reached an agreement to acquire a minority share of Belgian corrugated cardboard company Pacapime.

Reproflex3, the Northumberland pre-press, flexographic platemaker and FMCG packaging printer has acquired ANF, a flexo printing plate manufacturer in County Durham.

Health and beauty group THG paid £1.5m for City A.M. in last month’s pre-pack sale, and also had to pick up its July wages bill as the newspaper came close to running out of cash.

FCS Laser Mail has been acquired by its senior management team in an MBO deal.

Kodak installed the first Prosper Ultra 520 and Prosper 7000 Turbo presses during Q2, while separately the manufacturer is set to exit its Jersey joint venture for newspaper printing.