The following major business news story was posted on the website Insider Media on Friday morning:
A major East Midlands company has today made an acquisition of an unnamed company for an undisclosed sum. One of the advisers on the deal, who cannot be named for legal reasons, said: “This is a cracking deal and sends out a clear message that the professional and financial community can work together to complete deals.” Another, who requested anonymity, said: “Deals are taking longer to complete these days, but hopefully this deal demonstrates that there is an appetite for quality business opportunities.”
Private equity was provided by a company from London. Bank lending from (undisclosed bank) was provided on a confidential basis.
The bank funder said: “Clearly, despite the negative perception in the media, we are open for business. This deal proves that. We do not have a problem with liquidity and we have increased lending and refinancing in the current climate.”
Advisers to the vendors were not disclosed.
Insider said of the deal: “Our sources tell us this is a great deal.”
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