Mergers & Acquisitions in January 2019

It has been a great start to 2019 for the M&A sector, with a total of 205 transactions involving UK companies, according to Zephyr.


To start the year off strong, Takeda Pharmaceutical Co., Ltd (“Takeda”) acquired UK-based biopharmaceutical manufacturing company Shire plc for £46 billion. The company started negotiations in March 2018 with a final deal completed in January.


In another high value deal, Drax Group plc have acquired the Glasgow based energy provider Scottish Power Ltd Assets, for £702 million.


Just Eat plc acquired the remaining percentage of Flyt Ltd, a London-based online restaurant point of sale software platform provider. Before this acquisition, Just Eat plc owned an 8% stake of the company. “We’ve admired Flyt for some time and are hugely impressed by their technology — integration between Just Eat and our restaurant partners is a critical component to providing world-class food delivery services.” – Peter Duffy, interim CEO of Just Eat.


Within the beauty sector, L’Occitane International SA acquired Bristol-based ELEMIS Ltd for £702 million. Also within the sector, Boots UK Ltd have acquired Wiggly-Amps Ltd, a UK based medical practice and health care service software developer.


It was also announced that Skinny Coffee Club Ltd acquired the Liverpool based Bootea Ltd, a weight loss and detox tea and coffee manufacturer and online retailer.


Connect Airways Ltd have announced they plan to acquire the main trading companies Flybe Group Ltd, Flybe Ltd and Ltd with the expected close date to be the end of February.


Crerar Hotel Ltd has sold Scotland’s Hotel and Leisure Club to The Castle Collection for a price of £2.5 million. Fionn MacCumhaill, Managing Director of the Castle Collection, added: “We will be investing a further £2m over the coming year to develop Scotland’s Hotel & Leisure Club into a modern vibrant metro boutique hotel.”


Also within the hospitality division The Statement Hotel Ltd has acquired The Clarendon Hotel Ltd, a 29-bedroom, Morecambe-based hotel.


With high levels of activity across various sectors, and such an active start to the year, now is the perfect opportunity to begin considering progressing with a business sale.


Our team of experts are available to discuss your company, and its potential value, on 0203 441 2003. Alternatively, you can use our free, online valuation calculator to determine the value of your company.