Murgitroyd Group announced on October 18 that it has agreed to be acquired by Project Petra Bidco, a company backed by the private equity company Sovereign Capital Partners. Bidco’s cash acquisition values Murgitroyd Group at approximately £62.8 million. Murgitroyd Group is listed on the Alternative Investment Market of the London Stock Exchange and owns the IP firm Murgitroyd. The company published its end-year results last month.

Legal advisers: DWF Law advised Bidco and Sovereign Capital Partners on this deal while Burness Paull advised Murgitroyd Group. Read about the acquisition here.