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t ransact ions


MML capitaL partners acquires a Minority stake in expLoration


LoGistics Group. MML capital partners have taken a minority interest in exploration Logistics Group, the specialist provider of remote site medical, health, safety and mine clearance services. Exploration Logistics Group has been a


key partner in medical and safety services to commercial organisations, governments, institutions and major humanitarian initiatives worldwide for more than 25 years. Through its divisions Frontier Medical, Exlogs Safety, MineTech International, Exlogs Canine Services and Medekit, the company provides specialist remote site medical support, a range of safety support services including field specialists, driver


training and


mountaineering support, landmine and ordnance remediation services and medical supplies and equipment. As a specialist supplier to the oil and gas industry, the Group has been instrumental in developing safety standards, improving operational efficiency and enhancing employee health and welfare. MML Capital Partners, a leading private


equity firm and transatlantic investor, is backing the existing Exploration Logistics management team to continue its development of the Group’s high quality health and safety service offering. The Group is spearheaded by CEO Tim Mitchell, former EVP Strategic Development for Kroll globally and President of Kroll Security Group in the UK. MML Capital Partners is a leading global


independent investment firm with over $2 billion invested across 11 countries during the last 20 years. It provides capital to businesses for expansion/acquisitions, recapitalizations and management buyouts. MML has offices in London, Paris, Frankfurt and Stamford, Conn., as well as an affiliated Central European Fund with offices in Vienna, Budapest, Warsaw Bucharest and Kiev. fi


Groupe VM Materiaux acquires Fenêtres


Lapco inc French construction products firm Groupe VM Materiaux has acquired pVc and aluminium window manufacturer Fenetres Lapco inc. Fenetres Lapco had sales of C$8.5 million


(US$8.5 million) in 2010. Based in Mirabel, Quebec, it was founded in 1994 by Normand Lapierre, who will work closely with the firms on a consulting basis. The acquisition was effective from 1 Jan 2011 and VM Materiaux subsidiary Atlantem Industrie made the purchase. Based in L’Herbergement, France, VM


Materiaux has interests in concrete, roofing, flooring, frames and equipment. Established in 1994, Fenêtre Lapco has


been committed to investing time and money in order to offer customers innovative products at the best price-quality ratio possible. The VM Matériaux group plays an active


part in the building market with 3 complementary fields of activity: building material trading, production of pre-cast and ready-mix concrete, and manufacturing external joinery, closures and wooden structures. Among its clients, VM Matériaux has both professionals in the building industry and DIY customers. With its 117 outlets VM Matériaux has a trading network specialising in distribution of materials for the building and public works sector. VM Matériaux is a member of “MCD” (Building Material Distribution), a cooperative which groups 6 independent and regional leaders in construction material trading, with around 620 outlets and a turnover around € 2 billion. The industrial pre-cast and ready-mix concrete branch of VM Matériaux counts twenty-five plants producing around 680 000 m3 of ready mixed concrete every year, and five factories specialising in industrial pre-cast. Demers Beaulne, LLP acted as tax and


financial advisor to VM Materiaux SA on this transaction. fi


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visit www.finance-monthly.com


HpJ JeweLLers and JeweL nation acquired by Gordon brotHers


Finance discount jewellery retailers HpJ Jewellers and Jewel nation have been bought out of administration saving 329 jobs. The business has been bought by two


newly formed companies owned by private equity firm, Gordon Brothers - Gemstone Retail and Gemstone Operations. Gordon Brothers bought the businesses in December and have since been developing a restructuring programme for HPJ Jewellers and Jewel Nation to save the most profitable parts of the business while reducing debt. Gordon Brothers has bought 52 of the


chain’s 78 stores, saving 329 jobs, but closed 26 of the less profitable stores, already making the staff of approximately 156 people, redundant. The shops bought by Gordon Brothers will continue to trade under HPJ and Jewel Nation fascias. Fraser Pearce of Gordon Brothers said:


“We are delighted that we have been able to restructure the business. The new, smaller business moves forward on a more positive footing. Through landlord support and reduced rent levels we have been able to protect 329 jobs across the 52 stores.” Paul Flint and Mark Firmin of KPMG have


been appointed administrators to HPJ Retailing Limited and Family Jewels Limited, the selling companies, which previously traded under the fascias, HPJ Jewellers and Jewel Nation. Flint said: “In this challenging climate we


are pleased to have agreed a sale of this long-established retailer which secures the jobs of the majority of the workforce and enables the business to continue trading from a number of high streets and shopping centres across the UK.” fi


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 


   


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 


 fi MONTHLY MARCH 2011


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