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34 deals update Latest deals data from across the region


Create Health


Completion Date: 28/03/2013 Target: Create Health Acquirer: N/A Deal Value: £5 million


Details: Spectrum Corporate Finance LLP successfully leads growth capital investment for Create Health Funding: ISIS Equity Partners Corporate Finance Advisers: Spectrum Corporate Finance


Legal Advisers: Shoosmiths LLP (acted for Create) and Olswang LLP (acted for ISIS) Financial Due Diligence: Baker Tilly Commercial Due Diligence: Candesic


Refinancing of Southern Communications


Completion Date: 28/03/2013 Target: Southern Communications Holdings Acquirer: VWR International LLC Deal Value: £4.75 million


Details: HMT LLP led by partners Andrew Thomson and Ian Barton, and director Paul Read, advised Santander on their funding of Southern Communications, a leading independent B2B telecoms service provider. The £4.75m financing package comes from Santender’s Breakthrough Programme, which aims to help Britain’s fastest growing SMEs


Legal Advisers: Moore Blatch LLP Financial Due Diligence: HMT


Greencoat Capital invests in Aveillant


Completion Date: 13/03/2013 Target: Aveillant Acquirer: Greencoat Capital Deal Value: £6.75 million


Details: Greencoat Capital has led a £6.75m investment in Aveillant, which is developing 3D holographic radar technology designed to enable wind farms to be built closer to airports (wind farms can cause interference with current 2D radar)


Funding: Greencoat Capital


Financial Due Diligence: RSM Tenon: Julian Clough, partner. Rebecca Guerin, partner. Kim Robinson, associate director


Tax Advisers: RSM Tenon: Steve Jacob, director. Kamini Patel, assistant manager


Maskells Estate Agents


Completion Date: N/A Target: Maskells Estate Agents Acquirer: Conster Capital Ventures


Details: Manches LLP acted for the selling shareholder on the sale of Maskells Estate Agents, a top-end London estate agent specialising in high-value properties in Kensington and Chelsea, Knightsbridge and Belgravia, to Conster Capital Ventures, a private-investment company based in London


Legal Advisers: James Went W Lucy & Co


Completion Date: N/A Target: Truscanian Acquirer: W Lucy & Co


Details: Advising W Lucy & Co on its acquisition of Truscanian, an aluminium foundry in the West Midlands Legal Advisers: Justin Starling & Zoe Pepper, Manches LLP


www.businessmag.co.uk Completion Date: 12/04/2013


Target: Andante Travels Deal Value: Confidential


Details: Ian Finlay, backed by Panoramic Growth Equity, led a MBI of Andante Travels, a leading archaeological holidays and cultural tours operator.


Investors: Panoramic Growth Equity


Corporate Finance Advisers: Stewart Lambert and Jazz Kang of James Cowper


Legal Advisers: (Buyer) – Sean Kelly, Oliver Kelly, Malin Svanberg Larsson, John Newton, Nick Todd, Abi Dowling and Gemma Potts of Lamport Bassitt. (Investor) – Keith Dinsmore, Keith Anderson, Kirsty Neilson and Colin Telford of Vialex. (Founder) – Nick Gent, Lucy Grey, Jane Orme and Briony Holland of Trethowans and Christine Ward of Ward Benger


Tax Adviser: Chris Lee of James Cowper


Financial Due Diligence: Andrew Thomson, Paul Reed, Holly Bedford and Max Whitehead of HMT LLP


BIMM Group


Completion Date: 03/2013 Target: BIMM Group Acquirer: N/A Deal Value: £12 million


Details: Spectrum Corporate Finance LLP successfully raises debt facilities for BIMM Group on behalf of Sovereign Capital Partners LLP


Funding: Sovereign Capital Partners and Barclays Bank plc Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Bond Pearce Financial Due Diligence: Baker Tilly


Capita plc acquires Micro Librarian Systems


Completion Date: 15/03/2013 Target: Micro Librarian Systems Acquirer: Capita plc Deal Value: Confidential


Details: Capita acquired 100% of the issued share capital of Micro Librarian Systems, which have been backed by ISIS Private Equity. Micro Librarian Systems primarily supplies software to schools to manage school libraries


Legal Advisers: Acuity Legal


Financial Due Diligence: RSM Tenon: Peter Vandervelde, partner


Project Kestrel


Completion Date: Exchanged 11/04/2013 Target: Data Duplication Acquirer: Data Duplication (Holdings) Deal Value: Undisclosed


Details: Sale and purchase of Data Duplication, a company specialising in specialist computer forensic software and computer forensic hardware to law enforcement agencies, government departments and corporate clients


Corporate Finance Advisers: BCMS Corporate


Legal Advisers: Thomas Eggar LLP for the vendors. Bower & Bailey LLP for the purchaser


Completion Date: 04/2013 Target: Hy-Pro International


Details: HWCF SE has announced the successful growth capital fundraising for Hy-Pro International, a Bedfordshire-based business specialising in own-branded and licensed sports and outdoor goods for kids. The team worked closely with management to develop the business plan before sourcing a funding partner and project managing the transaction


Funding: Funding was raised through Nigel Wray, a well known entrepreneur and investor who has taken a 44% equity stake in the business and will sit on the board as a non-executive director


Corporate Finance Advisers: HW Corporate Finance LLP Legal Advisers: Taylor Walton Financial Due Diligence: PwC


Next Deadline


The next Deals Update will appear in our June 2013 issue


Deadline for submissions is Monday May 13


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


David Murray • 0118-9766410 • david@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 – MAY 2013 Project Latium


Disposal of Basan UK


Completion Date: 04/04/2013 Target: Basan UK Acquirer: VWR International LLC Deal Value: Undisclosed


Details: HMT LLP advised Cleanroom Products (Holdings) on the disposal of Basan UK, a leading supplier of cleanroom consumables and equipment for the pharmaceutical, medical, engineering and food industries, to VWR International LLC, a supplier and distributor of scientific supplies to the research laboratory market


Corporate Finance Advisers: HMT Legal Advisers: Clarke & Son LLP


Blakell Europlacer


Completion Date: 27/02/2013 Target: Blakell Europlacer Acquirer: Parable Trust Deal Value: Undisclosed


Details: Spectrum Corporate Finance LLP advised the vendors on the disposal of Blakell Europlacer Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Wilsons Solicitors LLP


Palmer & Harvey McLane


Completion Date: 27/04/2013 Deal Value: Undisclosed


Details: Refinancing of Club invoice finance facility for Palmer & Harvey McLane. HSBC joined as a new bank in the Group with a senior level position


Funding: Funding provided by 5 banks – Barclays, HSBC, RBS, Santander and GE Capital


Corporate Finance Advisers: Lazards Legal Advisers: Ashursts (Borrower); DLA Piper (banks)


Project Trophy


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