IN BRIEF: Frenkel Topping agrees Harwood Private Equity offer

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Frenkel Topping Group PLC - Manchester, England-based specialist financial and professional services firm - Agrees £65.8 million bid from Irwell Financial Services Bidco Ltd, which is managed by Harwood Private Equity LLP. Under the bid Frenkel Topping shareholders will receive 50 pence cash and one contingent value right for each scheme share held, or 10p in cash, and one Irwell Holdco unit. Including the final dividend of 1.375p says bid values Frenkel at £65.8 million. In addition, reports pretax profit of £3.6 million in the six months to June 30 from £1.7 million the year prior. Revenue rises to £20.9 million from £17.9 million.

Current share price: 45.90 pence, up 0.9% in London on Tuesday

12-month change: up 11%

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