24 deals update
Latest deals data from across the region Acquisition of A&O Imaging Services
Completion Date: 17/08/2012 Target: A&O Imaging Services (UK) Acquirer: Veritek Global Deal Value: Undisclosed
Details: HMT Corporate Finance, led by partner Andrew Thomson, advised Veritek, an award-winning engineering service provision company, on its acquisition of A&O, a business specialising in digital imaging services
Funding: Clydesdale Bank Financial Due Diligence: HMT Corporate Finance
Acquisition of Botsphere
Completion Date: 05/09/12 Target: Botsphere Acquirer: Victor Chandler International (Gibraltar) Deal Value: n/a
Details: Financial due diligence on behalf of Bet Victor, the Gibraltar-based gaming group, on its strategic acquisition of Botsphere, a key supplier of automated trading solutions to VC
Legal Advisers: Solomon, Taylor & Shaw (legal due diligence)
Financial Due Diligence: RSM Tenon: Jonathan Wade, partner corporate finance; Peter Wear, director corporate finance Singer Capital Markets merger with N+1 Brewin
Completion Date: 09/12 Target: N+1 Brewin LLP Acquirer: Singer Capital Markets Deal Value: Confidential Details: Singer Capital Markets merger with N+1 Brewin Tax Advisers: RSM Tenon: Steve Jacob, director tax Legal Advisers: Dixon Minto
Financial Due Diligence: RSM Tenon: Julian Clough, partner corporate finance; Jez Quigg, director corporate finance
Farnham Castle Completion Date: 13/09/12
Target: The business and assets of Farnham Castle Briefings (in administration) Acquirer: Farnham Castle Operations Deal Value: Undisclosed
Details: Penningtons Solicitors LLP advised on the purchase of the business and assets of Farnham Castle Briefings (in administration). The buyer, Farnham Castle Operations, aims to develop the castle as a leading events, wedding venue, hotel, conferencing facility and visitor attraction
Funding: Undisclosed
Legal Advisers: Penningtons, team led by David Kendall, Liz Brassington and Stephen Law
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Completion Date: 01/10/12 Target: Investis and Hemscott Investor Relations Acquirer: Gresham Private Equity LLP
Deal Value: MBO of Investis – £25 million. Acquistion of Hemscott IR – undisclosed
Details: Investis, the UK market leader in the provision of digital corporate communications for public companies, has been backed in an MBO by Gresham. RSM Tenon provided vendor due diligence services on behalf of Investis. At the same time, Investis has acquired the investor relations business of Hemscott from Morningstar Inc
Funding: Gresham Tax Advisers: RSM Tenon: Steve Jacob, director tax Legal Advisers: Clarity (lead advisers)
Financial Due Diligence: RSM Tenon: Peter Wear, director corporate finance; Kim Robinson, senior manager corporate finance; Jonathan Wade, partner corporate finance; Rebecca Guerin, partner corporate finance
Acquisition of Reliance Secure Task Management
Completion Date: 24/08/12 Target: Reliance Secure Task Management Acquirer: Capita plc Deal Value: Confidential
Details: Provided due diligence on Capita’s acquisition of medical assessment and criminal justice support services firm, Reliance Secure Task Management
Corporate Finance Advisers: Hawkpoint
Financial Due Diligence: RSM Tenon: Peter Vandervelde, partner corporate finance; Jonathan Wade, partner corporate finance; Chris Rees, director corporate finance; Kim Robinson, senior manager corporate finance
Commercial Due Diligence: RPL – Geoff Rampton and Roger Penny
Neo Capital invests in Miller Harris
Completion Date: 28/09/12 Target: Miller Harris Acquirer: Neo Capital Private Equity LLP Deal Value: Confidential
Details: Neo Capital invests in luxury fragrance brand Miller Harris to support its international expansion Funding: Neo Capital – Oli Johnson, Jerome Sibone
Tax Advisers: RSM Tenon: Robin Thorn, partner tax; Nicola Holmes, VAT manager; Mark Smallwood, corporate tax assistant manager
Legal Advisers: Proskauer – Michael Nouril, Laura Pembridge
Financial Due Diligence: RSM Tenon: David Copley, partner corporate finance; Peter Vandervelde, partner corporate finance; Phil Rossiter, senior manager corporate finance
Acquisition of Expotel Group by Capita Investis backed MBO and acquisition of Hemscott
Completion Date: 31/08/12 Target: Expotel Group Acquirer: Capita plc Deal Value: Confidential
Details: Financial due diligence for Capita in respect of its acquisition of Expotel, a UK hotel, business travel and conference/ event booking agency for the public and private sectors
Corporate Finance Advisers: Catalyst Corporate Finance – advisers to vendors
Legal Advisers: Addleshaw Goddard – Capita Legals
Financial Due Diligence: RSM Tenon: Peter Vandervelde, partner corporate finance; James Killing, director corporate finance; Paul Kearney, director corporate finance
Commercial Due Diligence: RPL – Geoff Rampton and Roger Penny
Sale of London Wasps RFC
Completion Date: 12/09/12 Target: London Wasps Holding Acquirer: A consortium led by David Thorne Deal Value: Confidential
Details: B P Collins LLP acted for Steve Hayes when he sold his shares in Aviva Premiership club London Wasps to a new consortium led by David Thorne
Funding: Not disclosed Corporate Finance Advisers: Baker Tilly
Legal Advisers: David Smellie (partner) and Thomas Baines (associate) B P Collins for the seller, Kennedys Law LLP for the buyer
Sale of Wycombe Wanderers FC
Completion Date: 29/06/12 Target: Wycombe Wanderers Football Club Acquirer: Wycombe Wanderers Supporters Trust Deal Value: Confidential
Details: B P Collins LLP acted for Steve Hayes, transferring his shares in WWFC to the supporters trust to secure the club’s future Funding: Not disclosed Corporate Finance Advisers: Baker Tilly
Legal Advisers: David Smellie (partner) and Thomas Baines (associate) B P Collins LLP for the seller, Farrer & Co for the Trust
Next Deadline
The next Deals Update will appear in our December 12/January 13 issue
Deadline for submissions is Monday November 12
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 – SOLENT & SOUTH CENTRAL – NOVEMBER 2012
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