Hampden Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, said it had completed the acquisition of insurance broker Nameco, having received the necessary regulatory approval. Application has been made for the 1.1m new ordinary shares issued as consideration for the acquisition to be admitted to trading on AIM and this is expected to become effective on October 5th 2012.

Restore said it has acquired Archive Solutions, a Manchester-based records management business, for an initial cost of £2.6m. An earn-out deal is included dependent on the performance of Archive Solutions over the next three years and will be paid to its shareholders in 2015. Restore also said it intended to place over three million new ordinary shares at 93p each, raising £3.0m before expenses. The placing proceeds would be used to fund the cash part of the acquisition and to fund further bolt-on deals, it said.

LZYE Group, the Hong Kong-based provider of children's educational, artistic and activity programmes, said it had expanded into mainland China for the first time. The company has entered into a conditional agreement to acquire Nantong LZYE Education Advisory for a total consideration of HK$6.72m, of which HK$3.36m is payable in cash. The rest will come from the issue of 2.24m new ordinary shares in LZYE issued at 12p per share. In London its shares rose 4.8% on the news.

MM

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