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ACQUISITIONS DEAL DIRECTORY
LPM GROUP ACQUIRES TEMPLE SECURITY
LPM Group, a provider of Associate director Edward Hikmet
contract cleaning, security and and director Robin Illingworth led
maintenance services, has the team. Hikmet commented,
LPM acquisition of Temple Security acquired Temple Security for £12 “The deal adds scale and a
Services
million. LPM is backed by private national presence to LPM Group’s
equity firm Sovereign Capital. security business and is an
The acquisition of Temple important acquisition in
This announcement appears as a matter of record only
boosts Axis, LPM Group’s security Sovereign’s buy-and-build
Commercial due diligence provider:
subsidiary, to more than 3,000 strategy.”
employees with revenues of some Bristol-based law firm Osborne
£55 million. Clarke represented Sovereign
Mark Williams, Sovereign Capital and LPM Group in the
Capital investment manager, said, financing and implementation of
“The acquisition of Temple is an the acquisition, as well as
Legal adviser to the acquirer : excellent fit with LPM’s existing providing tax advice. Paul Cooper
security operations.” led the team, assisted by David
Armstrong Transaction Services Furby on corporate, Chris Gratton
provided commercial due on banking and Erika Jupe on
diligence to LPM Group. tax matters. ■
SHACKLETON COMPLETES £1 MILLION FUNDING ROUND
OmPrompt, a messaging technology and broaden the
connectivity company, has business in the UK and
Shackleton Ventures
secured £1 million from internationally.
secondaries venture capital firm Philip Quigley and Bhavin
acquisition of 49% in OmPrompt Shackleton Ventures. The Patel at professional services firm
investment was made from Smith & Williamson carried out
This announcement appears as a matter of record only Shackleton Secondaries II due diligence for Shackleton.
Limited Partnership, its Quigley commented, “It was good
Due diligence provided by:
second fund. to work with the Shackleton team
OmPrompt provides real-time again. They have been clients for
transformation of message many years and we regularly
formats, such as EDI, XML and assist on their investments. We
spreadsheets, into other formats were able to move quickly to get
with a fully integrated system. into the target, carry out our work
The investment amounts to a and report.”
49 per cent interest in OmPrompt Other advisers include
for Shackleton and the proceeds Birmingham-based law firm
will be used to expand the Martineau. ■
DARBYSHIRE GROUP ACQUIRES TPT CONSTRUCTION
Preston-based construction firm Brabners Chaffe Street LLP
company Darbyshire Group has represented the sellers in the deal.
acquired Welsh firm TPT Corporate partner Ruth Jones led a
Darbyshire Group acquisition of TPT
Construction for an undisclosed team including Simon Lewis in
Construction
sum. corporate, Paul Nicholls in
Gareth Darbyshire, the founder property, Joanne Holbrook in
This announcement appears as a matter of record only
of Darbyshire Group, intends environment and Charlotte Round
Legal adviser to the vendor:
to build his portfolio of in banking. Jones commented,
construction companies into a “We played a pivotal role in
£50 million group.
overcoming the funding issues
Swansea-based TPT specialises
presented by the current economic
in providing construction services
climate and we negotiated a
to local authorities and is
creative deal structure to ensure
Sales agent to the Vendor:
currently involved in developing
the deal was completed.”
schools and hospital extensions
Other advisers include
across Wales.
Knightsbridge Business
The Manchester office of law
Sales Plc. ■
Mergers & Acquisitions 45
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