42 deals update Latest deals data from across the region MBO of Acal Enterprise Solutions
Completion Date: 05/2014 Target: Acal Enterprise Solutions Deal Value: £6.4 million
Details: HMT LLP, led by partner Ian Barton and manager Adrian Howells, advised NVM Private Equity, on the management buyout of IT inventory management specialist Acal Enterprise Solutions (AES). NVM has invested £6.4m to support the MBO
Funding: NVM Private equity Corporate Finance Advisers: HMT Legal Advisers: Wragge Lawrence Graham & Co Financial Due Diligence: Baker Tilly Commercial Due Diligence: Armstrong
Completion Date: 04/2014 Target: Aitch Care Homes (London) and subsidiaries Acquirer: KTN Almayer Deal Value: Undisclosed
Details: The Baker Tilly transaction services team recently completed financial due diligence on behalf of KTN and Montreux Capital Management, with regards to their acquisition of Aitch Care Homes
Funding: Macquarie Bank, London branch
Corporate Finance Advisers: BDO, corporate finance advisers to the vendors
Legal Advisers: Gateleys, legal advisers to KTN. DLA Piper, legal advisers to the vendors. BLP, legal advisers to Macquarie. Underwoods, legal advisers to Montreux Capital Management
Project Portugal
Completion Date: 28/05/2014 Target: Phoenix Commercial Holdings Acquirer: Phoenix Commercial (Enforcement) Holdings Deal Value: £1.1 million plus consideration shares in acquirer
Details: The Phoenix Group are one of the leading providers of bailiff enforcement and debt recovery services in the UK. With a newly strengthened management team, the group are looking to capitalise on the legislative changes in the enforcement sector and take the business into the next growth phase
Corporate Finance Advisers: Phil Price of DSW
Legal Advisers: Nick Gent and Alice Biggar of Trethowans LLP for the acquirer
Financial Due Diligence: David Williams and Paul Gittins of Dendy Neville
Acquisition of Information Management Group
Completion Date: 05/2014 Target: Information Management Group Acquirer: Hitachi Consulting UK Deal Value: Undisclosed
Details: Grant Thornton UK LLP’s Thames Valley transaction advisory services team provided financial and tax due diligence in respect of the acquisition of Information Management Group by Hitachi Consulting UK. IM Group is a specialist UK-based provider of information management and business intelligence solutions
Legal Advisers: K&L Gates LLP (acquirers) Financial Due Diligence: Grant Thornton UK (led by Bob Alsop)
Financial Due Diligence: Nick Williams, partner, Baker Tilly, Jerry Hibbs, director, Baker Tilly and Alex Milne, associate director, Baker Tilly
Completion Date: 05/2014 Target: The EPI Group Deal Value: Undisclosed
Project Glass
Completion Date: 16/05/2014 Target: JP Glass & Décor Acquirer: Yates Engineering Services Deal Value: Undisclosed
Details: JP Glass has a reputation as one of the leading glass processors in the country. With significant experience in the industry, Darren Yates will look to grow the business while the former owners enjoy retirement. The deal was fully financed by HSBC and put together by WK Corporate Finance LLP
Funding: HSBC Corporate Finance Advisers: WK Corporate Finance Legal Advisers: Clarke Willmott Financial Due Diligence: WK Corporate Finance
Project Becket
Completion Date: 05/2014 Target: S Walsh & Sons Acquirer: Management team
Details: Meridian Corporate Finance LLP advised the shareholders of S. Walsh & Sons, a construction haulage company based in Essex in relation to its management buyout
Corporate Finance Advisers: Michael Barcia and Joe Jeffers, Meridian Corporate Finance
Project Neptune
Completion Date: 05/2014 Acquirer: Private Equity/MBI Candidate
Details: Meridian Corporate Finance LLP advised the shareholders of Project Neptune, a leading marine safety business on their disposal to a mid-market private equity firm
Corporate Finance Advisers: Michael Barcia and Joe Jeffers, Meridian Corporate Finance
Legal Advisers: Shoosmiths LLP Financial Due Diligence: Hazelwoods LLP Commercial Due Diligence: Alvarez and Marsal
www.businessmag.co.uk Project Poirot Completion Date: 05/2014
Details: Meridian Corporate Finance LLP advised the shareholders of Project Poirot, a leading relocation business on their management buyout
Corporate Finance Advisers: Michael Barcia, Darren Thompson and Philip Mettam, Meridian Corporate Finance
Legal Advisers: Shoosmiths LLP and Trethowans LLP
Legal Advisers: Shoosmiths LLP Financial Due Diligence: Grant Thornton
Project Jabba
Completion Date: 10/04/2014 Target: ROI Acquirer: Xeretec Office Systems Deal Value: Undisclosed
Details: Sara Valentine and Caroline Drummond of Osborne Clarke acted for Xeretec Office Systems on its acquisition of the digital printing division of ROI Digital
Legal Advisers: Osborne Clarke (Sara Valentine/Caroline Drummond)
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JULY/AUGUST 2014
Completion Date: 05/2014 Target: Skyscape Cloud Services Deal Value: £4 million
Details: Grant Thornton UK LLP’s Thames Valley transaction advisory services team provided financial and tax due diligence in respect of the Business Growth Fund Plc £4m investment in Skyscape Cloud Services. Skyscape are the leading provider of cloud infrastructure to the UK public sector
Funding: Business Growth Fund Plc Legal Advisers: Shoosmiths LLP Financial Due Diligence: Grant Thornton UK (led by Bob Alsop)
Details: HMT LLP, led by partner Ian Barton and supported by manager Julia Carruthers, advised management and Newco funded by Palatine Private Equity and The Royal Bank of Scotland on the management buyout of Surrey-based seismic consultancy firm, The EPI Group
Funding: Palatine Private Equity and The Royal Bank of Scotland Corporate Finance Advisers: HMT Legal Advisers: Gateley Financial Due Diligence: Deloitte Commercial Due Diligence: Calash
Sale of Rosevale Holdings to Busy Bees Acquisition of Aitch Care Homes
Completion Date: 30/05/2014 Target: Rosevale Holdings Acquirer: Busy Bees Deal Value: Undisclosed
Details: Privately-owned Rosevale Holdings sold its 12 Surrey nurseries trading under the names of Caring Daycare, Major Minors and Noah’s Ark to Busy Bees, a Staffordshire- headquartered chain of 238 nurseries. The sale is the largest this year in terms of both portfolio value and capacity in the childcare sector
Legal Advisers: Penningtons Manches LLP for the vendors; gunnercooke for the acquirer
Financial Due Diligence: Roffe Swayne for the vendors; Baker Tilly for the acquirer
Specialist childcare property adviser and introducer: Christie + Co
MBO of The EPI Group
Skyscape Cloud Services
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