Today's North East business news from Insider |
| Ask the expert: M&A - more of the same for 2022? | Lee Humble from MHA Tait Walker says as we rapidly head towards 2022, we in the deal community look back at what has been an incredibly busy period for mergers, acquisitions and capital raising. Deal volumes have generally been at record levels, with the combination of COVID-19, Brexit and tax changes (and particularly rumoured change) driving vendors toward objectives which may have previously remained a few years away.
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| German food giant acquires stake in VBites | A German food conglomerate has entered into a strategic partnership with plant-based food business VBites, founded by Heather Mills, that will include the purchase of a minority stake of the company. The deal could create up to 320 jobs at its Peterlee factory.
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| Bank North secures senior financing facility | Bank North has secured a senior financing facility to support new lending. The regional business bank was advised by Alantra on the design and execution of the senior financing facility of up to £50m with Insight Investment.
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| Onex moves for Tes Global | Tes Global, a UK-headquartered education technology services provider, is to be acquired by Onex Corporation from Providence Equity Partners. Tes' management team will also invest alongside Onex.
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| Ask the expert: Business rates changes – how will these affect your business | Following the autumn Budget and publication of the government's 'Business Rates Review - Final Report' it transpires that whilst there will be some changes to the way in which business rates are administered, the way in which business rates are calculated will remain the same. Read what Sanderson Weatherall's rating experts thought of the changes.
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