32 deals update Latest deals data from across the region
Thru Deck Services
Completion Date: 08/12 Target: Thru Deck Services Acquirer: Structural Metal Decks (SMD) Deal Value: Undisclosed
Details: CW Fellowes Corporate Finance team advised the shareholders of SMD on its recent acquisition of Thru Deck Services
Corporate Financial Advisers: Philippa Robinson, CW Fellowes
Legal Advisers: Michael Moore of Paris Smith Financial Due Diligence: CW Fellowes
Leumi ABL/Eddingtons
Completion Date: 22/08/12 Target: Eddingtons Acquirer: BIMBO (Part management buyin, part buyout) Deal Value: Undisclosed
Details: Leumi supported the acquisition of Hungerford-based Eddingtons with Invoice Discounting, stock finance and cashflow facilities. Eddingtons import and sell cookware and kitchenware to large multiples and smaller retailers, and the business is seasonal. The cashflow loan was agreed at very short notice to maximise headroom, post completion
Funding: £ undisclosed: CID facility + stock finance
Legal Advisers: Shoosmiths acted for Leumi ABL; Darbys acted for the management team and Blandy & Blandy acted for the vendors. Go Industry completed collateral reviews encompassing debtors and stock
Keytools
Completion Date: 23/08/2012 Target: The business and certain assets of Keytools Acquirer: Hypertec Deal Value: Confidential
Details: Lamport Bassitt advised Keytools, a leading supplier of assistive technology and ergonomic computer equipment, on the sale of its business and assets to the acquirer
Legal Advisers: Oliver Kelly of Lamport Bassitt for Keytools. Wragge & Co LLP for the acquirer
Completion Date: 06/09/2012 Target: Plant Fix Acquirer: LNB Group Deal Value: Confidential
Details: Lamport Bassitt advised the sellers on the sale of the entire issued share capital of the Target. The Target, based in Southampton, is a market leader in the plant maintenance, civil engineering and fabrication sectors
Legal Advisers: Oliver Kelly of Lamport Bassitt for the sellers. Hill & Abbott for the acquirer
Corporate Financial Advisers: Henry Campbell-Jones of Hornblower Business Brokers
Plant Fix
Sale of Camberley Auto Factors
Stadium Group plc acquires IGT Industries
Completion Date: 11/09/12 Target: IGT Industries Acquirer: Stadium Group plc Deal Value: £4.2 million
Project Alpaca
Completion Date: 27/07/12 Target: Wireless Data Systems Acquirer: Xerox Deal Value: Not disclosable
Details: Osborne Clarke (Sara Valentine) acted for Xerox on its acquisition of Wireless Data Systems Funding: Cash funded Corporate Financial Advisers: Arma Partners
Legal Advisers: Osborne Clarke (Sara Valentine/Caroline Drum- mond); Taylor Wessing Financial Due Diligence: Xerox Commercial Due Diligence: Xerox
Project Scotland TC Communications Holdings Completion Date: 12/07/2012
Target: TC Communications Holdings Deal Value: Confidential
Details: Lamport Bassitt provided legal advice to Target on the equity investment by Maven Capital Partners and debt provision by HSBC to Target for the continued development of its business operations. The Lamports’ team included Sean Kelly, Oliver Kelly and Malin Svanberg Larsson
Legal Advisers: Lamport Bassitt - Target. Norton Rose - HSBC Funding: Maven Investment Partners; HSBC
www.businessmag.co.uk
Completion Date: 30/07/12 Target: Project Development International Acquirer: OIG Holding (UK) and Troll Management BV Deal Value: Not disclosable
Details: Osborne Clarke (Sara Valentine) and RSM Tenon (Steve Brown) acted for the sellers/management team of Project Devel- opment International on the sale/management buy-out to OIG
Funding: Cash funded Corporate Financial Advisers: RSM Tenon (Steve Brown)
Legal Advisers: Osborne Clarke (Sara Valentine/Vicky Hill) and Ploum Lodder Princen (UK and Dutch legal advisers to the sellers/ management team); White & Case (OIG)
Financial Due Diligence: OIG Commercial Due Diligence: OIG
Details: Stadium Group plc, an AIM listed engineering group specialising in plastics and electronics, has acquired IGT Industries, which designs and manufactures front panel solutions, membrane keyboards, electronic sub-assemblies and graphic overlays
Funding: HSBC
Corporate Financial Advisers: Rob Holmes, Corporate Finance Director, RSM Tenon. David Copley, Corporate Finance Partner, RSM Tenon
Legal Advisers: Blake Lapthorn - James Hawkeswood and Mat Wilson
Penningtons Solicitors LLP has advised on the sale of Camberley Auto Factors (CAF), southern England’s number one motor factor and distributor of quality motor spares, car spares and car parts, to Andrew Page Acquisitions, a Leeds-based vehicle parts distributor.
A family business, CAF has supplied motor components for British, European and Asian cars for over 45 years and has 26 branches across the south of England with a further five locations housing the company’s specialist divisions.
The deal is part of Andrew Page’s national expansion programme, increasing the number of branches to 90 and making the company one of the largest independent spares distribution businesses in the UK.
Led by Guildford corporate partner and head of corporate Simon Bickerdike, the Guildford and Basingstoke- based Penningtons team advised the shareholders throughout the sale.
Penningtons also advised on the tax, employment and property aspects of the transaction.
Next Deadline
The next Deals Update will appear in our November 2012 issue
Deadline for submissions is Monday October 15
If you would like to submit deal information or to advertise on this page contact:
Tanya Thomas • 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
THE BUSINESS MAGAZINE – THAMES VALLEY – OCTOBER 2012
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60