18 deals update Latest deals data from across the region
Ryness Lighting & Electrical Stewarts of Mortimer (Private Hire)
Completion Date: 10/6/11 Target: Stewarts of Mortimer (Private Hire) Acquirer: Christopher James Howell Deal Value: Confidential
Details: Acquisition of shares in Stewarts of Mortimer (Private Hire) by Christopher James Howell
Legal Advisers: Pitmans LLP for Christopher James Howell, Field Seymour Parkes for Stewarts of Mortimer (Private Hire)
Maudesport
Completion Date: 23/6/11 Target: Maudesport Acquirer: DEMCO UK Deal Value: Confidential
Details: Sale of shares in Maudesport by John Maude to DEMCO UK
Legal Advisers: Pitmans LLP for John Maude, Hewtisons for DEMCO UK
Asset Preservation Partnership
Completion Date: 1/8/11 Target: Asset Preservation Partnership Acquirer: RDG Tools Deal Value: Confidential
Details: Sale of certain assets in Asset Preservation Partnership to RDG Tools
Legal Advisers: Pitmans LLP for Asset Preservation Partnership, Lee & Priestley LLP for RDG Tools The Veterinary Clinic (Bearwood)
Completion Date: 27/6/11 Target: The Veterinary Clinic (Bearwood) Acquirer: Premier Veterinary Group Deal Value: Confidential
Details: Sale of shares by John and Vanessa Speer in The Veterinary Clinic (Bearwood) to Premier Veterinary Group
Legal Advisers: Pitmans LLP for John Maude, Hewtisons for DEMCO UK
Elizabeth Arnold
Completion Date: 28/7/11 Target: Elizabeth Arnold Acquirer: Claire Wilkins Deal Value: Unknown
Details: Sale of certain assets owned by Elizabeth Arnold to Claire Wilkins Legal Advisers: Pitmans LLP for Elizabeth Arnold
The Tibbetts Group
Completion Date: August and September 2011
Details: The Barclays Corporate team based in Oxford, led by relationship director Vikki Hemming, has provided funding to The Tibbetts Group to assist with purchase of two commercial warehouse units to accommodate its continued growth
Legal Advisers: Darbys Solicitors LLP
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Completion Date: 06/2011 Target: Ryness Lighting & Electrical Acquirer: Marlowe Holdings Funding Value: Undisclosed
Details: Disposal of Ryness on behalf of EPIC Private Equity to Marlowe Holdings Funding: Own resources Corporate Finance Advisers: Spectrum Corporate Finance LLP Legal Advisers: SSD (vendor), In-house (acquirer) Financial Due Diligence: In-house M&A team Commercial Due Diligence: In-house
ACS Building & Maintenance
Completion Date: 14/06/2011 Target: ACS Building & Maintenance Funding Value: £2.7 million
Details: Meridian Corporate Finance LLP advised the shareholders of ACS Building & Maintenance , a leading building and maintenance contractor, on the raising of development capital and bank funding of £2.7m to facilitate further geographical growth. Catapult Venture Managers invested £1.7m in return for a minority equity stake, with £1m provided by Clydesdale Bank
Funding: Catapult Venture Managers/Clydesdale Bank Corporate Finance Advisers: Meridian Corporate Finance
Legal Advisers: Trethowans LLP (company) and Browne Jacobson LLP (investors)
Arundel Aerospace and Defence Systems
Completion Date: 01/07/2011 Target: Kembrey Wiring Systems
Acquirer: Arundel Aerospace and Defence Systems Funding Value: Undisclosed
Details: Meridian Corporate Finance advised the shareholders of AADS on their acquisition of Kembrey Wiring Systems, the UK’s leading Aerospace and Defence electrical interconnection business. Moving forward, AADS will work together with Kembrey to develop the business and products, strengthening its position in the market
Funding: Leumi ABL Corporate Finance Advisers: Meridian Corporate Finance
Legal Advisers: DHM Stallard LLP (vendors) and Blake Lapthorn LLP (purchasers)
Chancellors Group
Completion Date: 07/2011 Target: Chancellor and Sons Acquirer: Chancellors Group of Estate Agents Value: Undisclosed
Details: Rob Hayes acted for The Chancellors Group on the acquisition of a new estate agency branch in Camberley Legal Advisers: Manches LLP
Completion Date: 06/2011 Value: Undisclosed
Details: Patrick Baddeley acted on the funding round for we7 led by Eden Ventures, Pentech Ventures and Qualcomm Inc Legal Advisers: Manches LLP
Keystone Legal Benefits
Completion Date: 08/07/2011 Target: Keystone Legal Benefits Acquirer: Management team Funding Value: Undisclosed
Details: Meridian Corporate Finance LLP advised the shareholders of Keystone (legal benefits) in their sale to management. Keystone is an underwriter and insurer of legal expenses and related insurance
Corporate Finance Advisers: Meridian Corporate Finance
Legal Advisers: Shoosmiths LLP (vendors) and Trethowans LLP (management team)
The Gap Partnership
Completion Date: 07/2011 Value: £3.6 million
Details: Lloyds Bank Corporate Markets has provided negotiation skills specialist The Gap Partnership with new bank facilities of £3.6m to fund a partial management buyout
G A Wedderburn & Co
Completion Date: 18/07/2011 Target: G A Wedderburn & Co Acquirer: Strikamerki HF Funding Value: Undisclosed
Details: Meridian Corporate Finance LLP advised the shareholders on the sale of G A Wedderburn & Co to Icelandic firm Strikamerki HF. Wedderburn is one of the UK’s leading suppliers of cash registers, EPOS systems and weighing equipment and allows Strikamerki, a leading EPOS software developer in Iceland to enter the UK market
Corporate Finance Advisers: Meridian Corporate Finance
Legal Advisers: Trethowans LLP (vendors) and Paris Smith LLP (purchasers)
Funding: Lloyds Bank Corporate Markets Next Deadline
The next Deals Update will appear in our October 2011 issue
Deadline for submissions is Wednesday Sept 7
Submissions are free. If you would like to submit deal information or to advertise on this page contact:
Tanya Liddiard 0118-9745308
tanya@elcot.co.uk
Elcot Publications is not responsible for the accuracy of information in the deals update section which is supplied by individual firms
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – SEPTEMBER 2011 we7 funding round
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