24 deals update


Latest deals data from across the region Naming Rights


Completion Date: 27/2/12 Target: Naming rights of Rosebowl cricket ground Acquirer: Ageas (UK) Deal Value: Undisclosed


Details: Paris Smith LLP advised Rose Bowl plc in connection with the naming rights of the Ageas Bowl, home of Hampshire Cricket


Legal Advisers: Crispin Dick, Paris Smith Harsco Deal Value: Undisclosed


Details: Mundays LLP advised UK-based green technology company, Equinox on entering into a strategic technology alliance by way of an exclusive agreement with Harsco, a worldwide in- dustrial solutions company. Equinox specialises in environmental solutions and the development of technology for the treatment of significant industrial waste streams and industrial waste water. Phil Walton and Julian Harvey led the Mundays team.


Legal Advisers: Mundays acted for Equinox Ella’s Kitchen Group Completion Date: 29/02/2012


Details: HSBC has provided Ella’s with an invoice discounting facility and RCF to fund export-led growth Funding: HSBC (Scott Kenward and Bruce McKoen)


Legal Advisers: Davenport Lyons (client) and Pinsent Mason (bank)


Completion Date: 21/02/2012 Target: Ultraspeed Acquirer: Six Degrees Technology Group Deal Value: Undisclosed Details: HMT was delighted to advise Six Degrees, the


Funding: Penta Capital, Clydesdale Bank Legal Advisers: Squire Sanders Financial Due Diligence: HMT Corporate Finance


Acquisition of Capri Foods


Completion Date: 13/02/2012 Target: Capri Foods Acquirer: Buyin team Deal Value: Undisclosed


Details: HMT Corporate Finance, led by partner Andrew Thomson and associate directors Puneet Bhatia and Holly Bedford, advised a buyin team on the acquisition of Capri Foods, a manufacturer and supplier of high-quality frozen pizzas and crusts to the UK catering and wholesale markets


Corporate Finance Advisers: HMT Corporate Finance Legal Advisers: Burrows


Double deal for Wessex Group


North Dorset-based Wessex Fire and Security, part of the Wessex Group of companies which includes Wessex Building Services and Wessex Electricals, has acquired Fireco Services, based near Bournemouth Airport.


Fireco has been operating for more than 20 years in the Bournemouth and surrounding region, offering a variety of specialist operations within the fire protection industry. Its work has included the supply of fire fighting equipment, servicing fire extinguishers, refurbishing and testing as well as offering onsite fire extinguisher training courses and fire warden training to businesses in Dorset, Somerset, Hampshire and Wiltshire.


Chris Stott, Wessex Fire and Security director, commented: “While we already undertake fire extinguisher servicing and installation, the addition of Fireco adds to our specialist skills and gives further momentum to our already growing fire extinguisher capabilities.“


Wessex Building Services, also part of the Wessex Group, has won the mechanical and electrical contracts worth £940,000 for new two-storey offices and storage facilities for Aspire Defence Capital Works.


The new building will be used by the Military Police for Aldershot and the surrounding region. Work will take around 30 weeks and involve 24 onsite operatives split between electrical and mechanical installations


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which will include: air-conditioning, heating, ventilation, domestic services, electric power, lighting and communications.


Mike Wood, Wessex Building Services managing director, commented: “We are pleased to have secured this prestigious project with Mansell Construction Offices at Totton. This project will allow us to maintain a stable program of works during 2012 and help us develop similarly large projects in the future.“


man-


aged data services provider, on its acquisition of Ultraspeed, a managed hosting business based in London


Acquisition by Six Degrees Group of Ultraspeed Rebound Group Technology Holdings


Completion Date: 27/02/2012 Target: Easby Holdings Acquirer: Rebound Technology Group Holdings Deal Value: Not disclosed


Details: HSBC has provided Rebound with an integrated acquisition and working finance solution in the form of invoice discounting and RCF facility. This is a global transaction provided by HSBC in the UK, Hong Kong and Germany/Switzerland. Facilitating the sale and purchase of Easby Holdings, the holding company Easby Electronics, specialising in the supply of passive electrical components, capacitors, connectors, relays, resistors and semiconductors


Funding: HSBC (Scott Kenward and Bruce McKoen)


Legal Advisers: Manches (client) and Pinsent Mason (bank) Thomas Eggar LLP for the purchaser Corporate Due Diligence: KPMG


Next Deadline


The next Deals Update will appear in our May 2012 issue


Deadline for submissions is Monday Apr 16


If you would like to submit deal information or to advertise on this page contact:


Tanya Liddiard • 0118-9766411 • 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


Boost for waste and recycling


NatWest has announced its support to Dorset-based W&S Recycling by providing £8 million of structured finance facilities to develop and purchase 18 acres of land in Poole to allow for continued growth across the county.


Established in 1988 to manage waste and household recycling sites in Weymouth and Sherborne, managing director Geoff Thompson runs a £23m turnover business, with more than 200 members of staff and 13 sites across Dorset including: Poole, Bournemouth, Dorchester and Weymouth – as well outside the county in Oxford.


The company is known for its wide range of activities and technology related to waste and recycling and NatWest has been a long-term supporter of its ambitions. The opportunity to acquire 18 acres at Poole came up and Thompson approached NatWest for finance through his relationship manager, Dave Humphreys. NatWest has provided funds for the purchase and development of land which will eventually house a modern recycling plant. Ian Burroughs, from the bank’s structured finance team, worked in collaboration with Humphreys to support the expansion against tight timescales.


THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – APRIL 2012


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