22 deals update Latest deals data from across the region
Project Dave
Completion Date: 15/10/12 Target: Pinto Potts LLP Acquirer: Quindell Legal Services Deal Value: Undisclosed
Details: Meridian Corporate Finance LLP advised the partners of Pinto Potts on the disposal of its business and assets to Quindell Legal Services, a subsidiary of Quindell Portfolio plc. Pinto Potts is a firm of specialist compensation claims solicitors, based in Fleet and Aldershot, with over 25 years’ experience in managing personal injury claims
Funding: Cash reserves Corporate Finance Advisers: Meridian Corporate Finance Legal Advisers: Kuit Steinart Levy LLP Financial Due Diligence: N/A Commercial Due Diligence: N/A
Arqiva assets to Cloudbass
Completion Date: 22/10/12 Target: Arqiva Outside Broadcast Acquirer: Cloudbass Deal Value: Undisclosed
Details: Following a strategic review, Spectrum Corporate Finance LLP advised Arqiva Broadcast on the disposal of part of the trade and assets of its outside broadcast business to Cloudbass
Funding: N/A
Corporate Finance Advisers: Spectrum Corporate Finance – Simon Davies, partner Legal Advisers: Eversheds – Mark Saunders Financial Due Diligence: N/A Commercial Due Diligence: N/A
MBI of division of Redeem Holdings Completion Date: 27/09/12
Target: Laser and inkjet cartridge recycling division Acquirer: MBI team Deal Value: Undisclosed
Details: HMT Corporate Finance, led by Sean Hackemann, advised an MBI team on the acquisition of the inkjet and laser cartridge division of Redeem Holdings
Corporate Finance Advisers: HMT Corporate Finance Legal Advisers: Eversheds LLP, Cotterhill Hitchman LLP
Sale of Our Skills & Uniflair NVM invests in Haystack Dryers Arqiva assets disposal to NEP
Completion Date: 22/10/12 Target: Arqiva Outside Broadcast Acquirer: NEP Visions Deal Value: Undisclosed
Details: Following a strategic review, Spectrum Corporate Finance LLP advised Arqiva Broadcast on the disposal of certain assets to NEP Visions
Funding: N/A
Corporate Finance Advisers: Spectrum Corporate Finance – Simon Davies, partner Legal Advisers: Eversheds – Mark Saunders Financial Due Diligence: N/A Commercial Due Diligence: N/A
Completion Date: 16/11/12 Target: Haystack Dryers Investor: NVM Private Equity (NVM) Deal Value: £3.5 million
Details: NVM invested £3.5m in Haystack Dryers, a designer and manufacturer of purpose-built people dryers for theme parks, water parks, swimming pools and spas worldwide. The funding will help the business take advantage of the growth of theme parks in the Far East and to support expansion into new sectors
Funding: NVM (David Rolfe)
Corporate Finance Advisers: BDO LLP (Paul Russell, Helen O’Kane, Michaell Trench)
Legal Advisers: Wragge & Co. – David Marshall, Sophie O’Connor (legal due diligence). Moore Blatch – Peter Jeffery, Anna West (management’s lawyers)
Financial Due Diligence: PwC LLP (Jason Wakelam, Alex Pascoe, Helen Adams)
Commercial Due Diligence: LDP (Yael Coifman)
Completion Date: 01/11/12 Target: The Scientific Group Acquirer: VWR International Deal Value: Undisclosed
Details: Sale and purchase of The Scientific Group including its wholly-owned subsidiary, Lab 3, a company specialising in providing goods and services to laboratories
Legal Advisers: Thomas Eggar LLP for the vendors. Field Fisher Waterhouse LLP for the purchaser
Completion Date: 10/10/12 Target: Our Skills & Uniflair Acquirer: Coles Holdings Deal Value: Undisclosed
Details: Sale and purchase of Our Skills & Uniflair, supplier of precision air conditioning systems and equipment Legal Advisers: Thomas Eggar LLP for the vendors
Sale of The Scientific Group
Project Dragon Completion Date: 10/10/12 Project Bronwen
Completion Date: 10/10/12 Target: Bronwen Acquirer: Level 3 Communications Inc Deal Value: Undisclosed
Details: Meridian Corporate Finance advised the shareholders of Bronwen on the sale of the business to Level 3 Communications Inc, the US telco with a turnover of $4.3 billion
Funding: Cash reserves Corporate Finance Advisers: Meridian Corporate Finance Legal Advisers: Shoosmiths (Whiteley) Financial Due Diligence: N/A Commercial Due Diligence: N/A
www.businessmag.co.uk Marbco
Completion Date: 31/10/12 Target: Marbco Fire and Safety Acquirer: Churches Fire Security Deal Value: Undisclosed
Details: Churches Fire Security completed the acquisition of Marbco Fire and Safety, a company specialising in fire safety engineering. This is testament to Churches' growing reputation as a national fire safety specialist. The acquisition of Marbco, a Newcastle-based business, allows Churches to now deliver a truly countrywide service
Corporate Finance Advisers: Venture CF
Target: Inventif RMA Holdings (RMA) and RMA Consulting Acquirer: NTT DATA Corporation Deal Value: Undisclosed
Details: Meridian Corporate Finance LLP advised the sharehold- ers of RMA on the disposal of its shares to NTT DATA Europe. RMA focuses on the design and delivery of business solutions to help experts in business sectors such as healthcare, finance and public sector
Funding: Cash reserves Corporate Finance Advisers: Meridian Corporate Finance Legal Advisers: Shoosmiths (Whiteley) Financial Due Diligence: BDO LLP Commercial Due Diligence: DLA Piper
THE BUSINESS MAGAZINE – THAMES VALLEY – DECEMBER 12/JANUARY 13
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