42 deals update Latest deals data from across the region
Investment in Disposable Cubicle Curtains
Completion Date: 25/02/2014 Target: Disposable Cubicle Curtains Acquirer: Beringea Deal Value: £3 million
Details: HMT LLP, led by associate director Peter Wear, advised Beringea LLP, the growth capital investor that manages the Proven Venture Capital Trusts, on their £3m investment in Disposable Cubicle Curtains, trading as All in One Medical
Legal Advisers: Keystone Law (Dee Sian) Financial Due Diligence: HMT
Project Pearl
Completion Date: 03/2014 Target: John Beard & Son Acquirer: Higos Insurance Services
Details: Trethowans LLP has advised the sellers of John Beard & Son in its sale to Higos Insurance Services, one of the leading insurance brokers in the UK. John Beard & Son was a family owned business which was run immediately prior to the sale by Julian Beard
Corporate Finance Advisers: Taylor Cocks
Legal Advisers: Lucy Grey and Louise Thompson of Trethowans for the sellers. Duncan Sykes and George Pawley of Foot Anstey LLP for the buyer
Project Fairchild
Completion Date: 09/04/2014 Target: Satellite Information Services (SIS) Acquirer: Arena Television
Details: Spectrum Corporate Finance successfully advised on the sale of a group of assets from SIS Outside Broadcasting to Arena Television
Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Stevens & Bolton
Project Fairchild
Completion Date: 24/03/2014 Target: Satellite Information Services (SIS) Acquirer: The Vitec Group plc
Details: Spectrum Corporate Finance successfully advised on the sale of SIS Outside Broadcasting’s special camera’s business to The Vitec Group plc
Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Stevens & Bolton
Construction of Hilton Hotel at The Ageas Bowl
Completion Date: 31/03/2014 Acquirer: RB Sport & Leisure Holdings
Details: RB Sport and Leisure Holdings appointed Howells Group to finish construction of the Hilton Hotel at the Ageas Bowl, home of Hampshire Cricket. A team at Paris Smith LLP, led by banking partner James McNeil, acted for the cricket club’s parent company
Funding: Omni Capital are providing funding for the completion of the project
Legal Advisers: Paris Smith acted for RB Sport and Leisure Holdings
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Completion Date: 13/03/2014 Target: Kondor Acquirer: HIG Capital
Details: Deloitte LLP has advised the majority shareholders on the sale of Kondor, a leading specialist provider of mobile and other consumer electronics accessories, to HIG Capital. With the backing of HIG, the business intends to continue its organic business development into new products and geographic markets
Funding: Prudential Investment Company of America and The Royal Bank of Scotland plc
Corporate Finance Advisers: Deloitte: Martyn Gregory, Mark Allen, Hugo Mansfield and Rinesh Dookhee
Legal Advisers: Shoosmiths: Sean Wright, Lynn Knight Financial Due Diligence: KPMG Commercial Due Diligence: Javelin Group
Investment in ISN Solutions
Completion Date: 13/03/2014 Target: ISN Solutions Acquirer: Maven Capital Partners Deal Value: £4.6 million
Details: HMT LLP, led by partner Andrew Thomson and associate director Peter Wear, advised Maven Capital Partners, one of the UK’s leading private equity managers, on their £4.6m investment in ISN Solutions, a leading provider of global IT infrastructure services to the upstream oil and gas sector
Corporate Finance Advisers: CV Capital Financial Due Diligence: HMT
Argonon acquires Windfall Films
Completion Date: 03/2014 Target: Windfall Films Acquirer: Argonon
Details: The Baker Tilly Transaction Services team has recently completed financial due diligence on behalf of international independent production group Argonon in respect of their acquisition of Windfall Films, a multi-award winning, independent TV production company based in London
Corporate Finance Advisers: Grant Thornton
Financial Due Diligence: Rebecca Guerin, partner, Baker Tilly; Chris Rees, director, Baker Tilly; Steve Jacob, tax partner, Baker Tilly
Everbridge Inc acquires Vocal
Completion Date: 03/2014 Target: Vocal Acquirer: Everbridge Europe
Details: Everbridge Inc, through its subsidiary, has acquired Vocal, the leading UK provider of Business Continuity and Communication solutions. The strategic acquisition further elevates Everbridge’s status as the world’s largest provider of emergency notification and critical communication solutions
Legal Advisers: Moorcrofts LLP: Teri Hunter
Financial Due Diligence: Wilson Partners: Allan Wilson, director
Tax Due Diligence: Wilson Partners: Alan Ross, director. Nick Lloyd, senior tax adviser
Kondor
Project Hollywood
Completion Date: 04/04/2014 Target: Arqiva Broadcast Holdings Acquirer: Ymagis SA
Details: Spectrum Corporate Finance successfully advised on the cross-border sale of the trade and assets of the Digital Cinema Assets business of Arqiva to Ymagis SA
Corporate Finance Advisers: Spectrum Corporate Finance
Legal Advisers: Harbottle and Lewis (Ymagis), Internal Legal Counsel (Arqiva)
Project Gold
Completion Date: 17/03/2014 Target: Premium Crops Sellers: Nigel Bazeley and Andrew Probert Acquirer: Technology Crops
Details: Spectrum Corporate Finance and Lamport Bassitt advised the sellers on the sale of Premium Crops to the institutionally-owned US group Technology Crops with its head office in North Carolina. Premium Crops, based in Hampshire, is a leading specialist arable merchant, specialising in crop management and marketing
Funding: (1) Bank of Montreal and (2) Triangle Mezzanine Fund LLP
Corporate Finance Advisers: Ian Milne and Ish Alg of Spectrum Corporate Finance for the sellers
Legal Advisers: Sean Kelly, Oliver Kelly, Abi Dowling and Malin Svanberg Larsson of Lamport Bassitt acted for the sellers. Thompson Smith and Puxon acted for the acquirer. Gould & Ratner LLP (Chicago, Illinois) acted for the Bank of Montreal
Tax Advisers: Warren Taylor of Baker Tilly for the sellers. Lambert Chapman LLP and Davenport, Marvin, Joyce & Co LLP (Raleigh, North Carolina) for the acquirer
Updata Infrastructure (UK)
Completion Date: 31/03/2014 Target: Updata Infrastructure (UK) Acquirer: Capita Plc Deal Value: £80 million
Details: Deloitte LLP acted at lead corporate finance adviser on the sale of Updata Infrastructure (UK) to Capita plc. Updata is a leading provider of wide area networking (WAN) and associated services to the public sector. The business was founded in 2002 and backed in 2009 by LMS Capital
Corporate Finance Advisers: Deloitte: Joel Greenwood, Mark Allen and Mark Kennedy
Legal Advisers: Stevens & Bolton: Keith Syson, Laura Hassall, Nicholas Atkins; Nabarro: Andrew Inkester, John Finnemore
Financial Due Diligence: BDO: Chris Grove, Oli Burton Commercial Due Diligence: KPMG
Next Deadline The next Deals Update will be in our June issue
Deadline for submissions is Tuesday May 13 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 2014
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