The strategic agreement allows With Intelligence the ability to integrate CMBOR data into existing products, enhancing the breadth and depth of private equity coverage. Professor Kevin Amess, director of CMBOR, said: “Collecting data and providing market intelligence has evolved tremendously since CMBOR’s inception. We are very excited to have With Intelligence as a partner, who will take CMBOR’s data and reach to the next level.” For over 38 years, the CMBOR database has been used to produce quarterly reports for industry professionals, academics and regulators. The Centre’s market intelligence on private equity activity and analyses of trends provide independent analysis and advice, to enhance government and industry understanding of the private equity market and inform the development of policy and practice. Cornelia Andersson, chief product officer at With Intelligence, said: “This is a very exciting agreement for us. By integrating CMBOR with our existing private equity data we’ll bring further value to our customers looking for opportunities within private markets, and improve transparency for investors and capital allocators.”

Mansfield-headquartered R.E.A.L. Education Limited, a provider of special education services in the East Midlands, has been sold to The Aurora Group, backed by Octopus, in a significant deal in the sector, which was initiated and managed by PKF Smith Cooper. R.E.A.L. is a provider of independent school placements, vocational provision and alternative provision for young people aged 7-19 with special educational needs and disabilities (SEND), who are unable to access mainstream education. Since inception, it has grown significantly, now operating from 17 sites across the East Midlands, which include independent schools, learning hubs and highly specialised vocational provision centres. The deal follows a decision by the shareholders to transfer R.E.A.L. to new owners. This decision was made after a long period of careful consideration, with the young people supported by R.E.A.L. and the staff team at the forefront of the shareholders’ minds. The corporate finance division of PKF Smith Cooper was appointed to provide pre-sale strategic advice, identify buyers, discretely market the business, negotiate on behalf of the sellers, and manage the deal through to completion. The transaction was led by corporate finance director David Crump, supported by assistant manager Callum Leslie. Natasha Scott, tax advisory partner, and Gavin West, indirect tax partner, provided tax advice, whilst Sarah Flear, audit and business services partner and head of the education team, delivered accounting support. Richard Smith, co-founder of R.E.A.L., said: “Finding a buyer who shares our deep commitment to the people we support and employ was crucial to us, and we are glad to have found in The Aurora Group an organisation that shares our values, commitment to excellence and belief in the strength of our team. Their vision aligns with ours and we are confident that this transition will bring new opportunities for growth and continued success. “The professional advice and support we received from David, Martyn and their respective teams at PKF Smith Cooper and Flint Bishop was vital in successfully completing this deal and ensuring that our vision for the future was realised.” The Aurora Group is one of the largest providers of specialist education and care services in the country, supporting over 1,200 children and young people, and are the only B Corp accredited provider in the sector. The acquisition follows The Aurora Group’s expansion into the East Midlands, with Aurora Ryefields School opening soon in Derby, and underlines its commitment to growth in the region. Dan Slater, strategy director of The Aurora Group, said: “This is great news for the staff, students and families of R.E.A.L. Education. There are many benefits to being part of Aurora, including opportunities for staff to extend their knowledge and progress their careers, and further investment in facilities for students.” Mark Costello, chief executive officer of The Aurora Group, said: “We’re delighted to welcome everyone at R.E.A.L. Education to Aurora. We will work with staff, students and families to build upon R.E.A.L. Education’s success, providing unique educational opportunities to those that need them the most.” David Crump, corporate finance director at PKF Smith Cooper, said: “We are delighted to have assisted in securing a bright future for R.E.A.L.. “The work it does and the opportunities it provides for young people are truly excellent, and we are delighted to have advised on the sale of the business to The Aurora Group who share the same passion and care. I look forward to seeing the expansion going forward, and I wish the teams at R.E.A.L. and Aurora every success for the future.” Flint Bishop, led by Martyn Brierley, head of corporate and supported by corporate solicitor George Ottewell, Janet Rhodes, commercial property partner, Jess Ryan-Dawkins also from the commercial property team and Joseph Weston, employment solicitor, provided comprehensive legal advice to the sellers, while Glyn Abba of EFM offered financial management services. Martyn Brierley, partner & head of corporate & finance at Flint Bishop, said: “Having supported R.E.A.L. for over 10 years now across various transactions, it’s fantastic to have witnessed first-hand how our clients and the excellent team at R.E.A.L. have grown the business to what it is today. “Centred on Trust, Innovation and Achievement, which align perfectly with Aurora’s values, I’m really excited to see R.E.A.L., its staff and the young people it supports, continue to flourish under Aurora’s excellent stewardship, and I wish our clients, Aurora and all the team at R.E.A.L. Education, all the very best for the future.” The Aurora Group was advised on the acquisition by Midlands-based teams at PwC and Shoosmiths. Ashurst provided additional legal support and Womble Bond Dickinson advised Barclays who provided debt funding for the transaction, alongside equity provider, Octopus Group. Meanwhile Nelsons advised a former shareholder of R.E.A.L..

Following approval from the UK Takeover Panel, Greencore’s deadline to make a formal takeover bid for rival food manufacturer Bakkavor has been extended to 23 May. The delay gives both parties additional time to solidify terms for a proposed £1.2 billion cash-and-share deal.

Greencore and Bakkavor had previously reached an initial agreement on the transaction, which would see Greencore own 56% of the combined group and Bakkavor shareholders retain the remaining 44%. The entity would generate around £4 billion in annual revenue if the merger proceeds.

Bakkavor, a major supplier of ready meals and desserts to UK supermarkets such as Tesco and Sainsbury’s, earned £2.29 billion in revenue last year, more than 80% in the UK. Greencore, based in Dublin with significant operations in Worksop, brought in £1.81 billion over the same period through its ready meals and food-to-go products across 16 UK sites.

This marks the third deadline extension since the initial approach, suggesting ongoing negotiations and potential offer structure or terms changes. Further extensions remain possible if both parties agree.