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Top story
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FisherCast sold in £360m deal
Dynacast, the parent company of Powys-based metal castings company FisherCast, has been sold by English buyout firm Melrose for $590m (£360m). Under the terms of the sale to newly incorporated company KDI Holdings, Dynacast takes with it $17.1m (£10.3m) of net pension liabilities, equating to an enterprise value of £370m.
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Deals
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Enviroparks raises £2.25m
Enviroparks, a South Wales energy-from-waste company, has raised £2.25m from the Hotbed group of private investors. Enviroparks is based in Abergavenny and plans to build a power plant near Hirwaun.
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Asda joins Iceland suitors
Supermarket giant Asda has reportedly joined the chase for Iceland. With rival grocers already rumoured to be interested it raises the possibility of a £1.5bn bidding war for the Flintshire-headquartered frozen food retailer.
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Companies
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FH Gilman & Co goes into administration
A buyer is being sought for FH Gilman & Co after the building materials business collapsed blaming the impact of adverse weather conditions last winter.
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Dragon to host small biz boot camps
The Welsh Government is sponsoring a series of boot camps, hosted by former Dragons’ Den judge Doug Richard, for small companies that want to develop online.
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Boost your client base – Request a free Insider Membership Pack
Our Insider Membership Club offers fantastic benefits for anyone doing business in the UK regions. Valuable sales leads, vital information, networking opportunities, competitor analysis and much more. Request your free Membership pack now.
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Government and politics
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Council backs Cardiff & Co
Cardiff & Co, the public/private partnership which promotes the capital, has negotiated core funding from Cardiff Council and Harbour Authority. The company plans to recruit a new chairman to replace Bill Savage who will step down this autumn.
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Energy and environment strategy - have your say
The Welsh Government last year identified six sectors of the economy for support, including advanced energy and environment. But how can it make its support for this sector work? Insider is looking for your views as part of our Made in Wales initiative.
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People
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Positif new role for Lawson
Russell Lawson, the former head of public affairs at the Federation of Small Businesses in Wales, has joined the board of public affairs firm Positif Politics.
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Burgess moves to Grant Thornton
Chris Burgess, the former Haines Watts corporate finance partner, has joined accountancy firm Grant Thornton’s corporate finance team based in Cardiff.
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