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Valeo Foods sale agreed by owner CapVest


Valeo Foods sale agreed by owner CapVest
The sale of Valeo Foods – owner of brands including Kettle and Rowse – to Bain Capital Private Equity has been agreed by current owner CapVest for an undisclosed sum.
Rumours surrounding the potential sale of Valeo began to circulate in March this year. That was after it was reported that former Premier Foods chief executive Gavin Darby was working with private equity firm Cinven on an offer for the Dublin-based company.
Seamus Kearney, group chief executive of Valeo Foods, will continue to the lead the business with the existing management team under the terms of the announced deal. ....

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Getech Group PLC boosted by contract wins


Getech Group boosted by contract wins
A look at the major movers on the London market on Thursday
Getech Group PLC (LON:GTC) has gained ground after positive contract news and an increasing presence in green energy.
The company, which specialises in providing data, software and analytic products to the energy industry, said it had renewed software licences with existing customers with a combined value of around £375,000.
It has also won contracts for data and services with new and existing customers worth a total of £350,000, including work in new areas for the company in the petroleum and geothermal sectors.
The contracts should add around  £537,000 to this year s revenues, meaning it continues to trade in line with current market expectations. ....

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