Member Article

Altium complete trio of deals

Manchester-based investment bank Altium have completed a trio of deals including the sale of online retailer ActivInstinct to JD Sports.

It brings the total number of Altium deals to 38 across the year, including the sale of Crewe healthcare provider Baywater Healthcare to private equity group Duke Street; and the sale of oil and gas recruitment firm, Mentor IMC Group to VINCI Energies.

Closer to home, Altium were involved in the acquisition of travel comparison site Icelolly.com and the sale of software and IT services provider Ascribe Group to Bolton’s EMIS Group.

Phil Adams, chief executive at Altium, said: “2013 has been another good year for the group both in the UK and internationally. As the economy shows signs of improvement we expect more in the way of deal activity in 2014 and beyond.

“The recent appointment of Christopher Jones as managing director adds to our consumer team, as he brings with him a wealth of expertise in travel, leisure and e-commerce.”

This was posted in Bdaily's Members' News section by Tom Keighley .