34 deals update Latest deals data from across the region
Extra Vegetables
Completion Date: 09/2014 Target: Extra Vegetables Acquirer: Control 4 EMEA Deal Value: Undisclosed
Details: Coffin Mew LLP advised the shareholders of software and driver company Extra Vegetables on the sale of the company to Control 4 EMEA, the UK arm of NASDAQ-listed Control 4 Corp
Corporate Finance Advisers: Lewis Brownlee for the sellers Legal Advisers: Jamie Earley, Coffin Mew
Acquisition of Small World Creations
Completion Date: 07/10/14 Target: Small World Creations Acquirer: Quarto Publishing plc Deal Value: Undisclosed
Details: Penningtons Manches acted for Quarto Publishing, a leading global illustrated book publisher and distribution group, on its purchase of Small World Creations. Small World is a creator and publisher of novelty children’s books for the 0-5 year range and Quarto sees the acquisition as a valuable addition to its children’s business
Legal Advisers: Penningtons Manches, led by corporate partner David Tighe and corporate associate Dominique Sabatini, advised Quarto Publishing
Wincanton plc
Completion Date: 24/06/2014 Deal Value: £50 million participation
Details: HSBC participation and joint lead arranger of £170m senior debt refinancing Legal Advisers: Eversheds
Acquisition of James H Heal & Company
Completion Date: 22/09/2014 Target: James H Heal & Company Acquirer: Battery Ventures Deal Value: Undisclosed
Details: Baker Tilly provided financial due diligence on behalf of Boston-based Battery Ventures on its acquisition of James H Heal & Company, a global leader in the design and manufacture of test instrumentation and test materials for the textile and garment industry
Funding: Battery Ventures Legal Advisers: Edwards Wildman Palmer (Boston/London)
Financial Due Diligence: Baker Tilly: David Copley, corporate finance partner, Michelle Harris, tax partner, James Harris, executive, Rebecca Matthews, tax manager, Loretta Housego, tax associate, Ben Binks, executive
Selwood
Completion Date: 15/09/2014 Deal Value: £55 million
Details: HSBC won new switcher as part of company refinancing process. Sole Hold in £10m RCF, £15m term loan and £30m HEF facility
Corporate Finance Advisers: PwC Legal Advisers: CMS Cameron McKenna LLP
www.businessmag.co.uk Acquisition of MedicX Group
Completion Date: 01/10/2014 Target: MedicX Holdings Acquirer: Octopus Capital Healthcare Bidco Deal Value: Undisclosed
Details: Baker Tilly supported Octopus Capital’s business expansion by providing accounting transaction support on its acquisition of MedicX Holdings, a multi-fund investor in and developer of primary care infrastructure across the UK with total funds under management of c£900 million
Funding: RBS financial institutions
Corporate Finance Advisers: The transaction was led by the in-house team at Octopus Capital. Sell side corporate finance by Raj Mehta, KPMG Corporate Finance
Legal Advisers: CMS Cameron McKenna LLP: Martin Treagus, partner and Peter Crichton, partner
Transaction Support: Baker Tilly: David McCulloch, corporate finance partner, Gemma Legg, corporate finance associate. EY: Michael Hall, managing partner, Belfast (tax), Neville Crowe, director (tax)
Cogenta Systems
Completion Date: N/A Target: Cogenta Systems Acquirer: GfK SE Deal Value: Undisclosed
Details: Acquisition of Cogenta Systems by leading market research company GfK. James Cowper LLP provided financial due diligence services to the acquirer
Legal Advisers: Hogan Lovells International LLP Financial Due Diligence: James Cowper
Capita plc acquisition of Eclipse (Hardware)
Completion Date: 09/2014 Target: Eclipse (Hardware) Acquirer: Capita plc Deal Value: Undisclosed
Details: Baker Tilly provided financial due diligence on behalf of Capita plc and its acquisition of Eclipse (Hardware) – known as Eclipse Legal Systems – for an undisclosed sum. Eclipse provides case-management software and services to over 20,000 legal professionals in law firms, alternative business structures, claims departments and commercial organisations
Corporate Finance Advisers: John Jacobs, Marks Baughan Securities UK, LLP (sellside)
Legal Advisers: Acuity Legal
Financial Due Diligence: Baker Tilly: Peter Vandervelde, corporate finance partner, David Copley, corporate finance partner Commercial Due Diligence: Credo CDD
Trifast plc
Completion Date: 30/05/2014 Target: Viterie Italia Centrale Srl Acquirer: Trifast plc Deal Value: £30 million Sole Hold
Details: HSBC financed Trifast’s acquisition of Viterie Italia Centrale Srl (VIC) providing a €25m term loan and £10m RCF Funding: Sovereign Capital and Barclays Bank Legal Advisers: Eversheds
Completion Date: 09/2014 Target: Channel Technical Services Acquirer: Churches Fire Security Deal Value: Undisclosed
Details: Churches Fire Security acquired Channel Technical Services, increasing the size of its already national coverage which supplies business customers with the best fire safety solutions
Funding: Lloyds Bank
Legal Advisers: Amanda Brockwell and Jenny Packer , Coffin Mew LLP
Big Yellow Group plc
Completion Date: 18/08/2014 Deal Value: £55 million participation
Details: HSBC participation and joint lead arranger of £145m senior debt refinancing Funding: HSBC Legal Advisers: Eversheds
Next Deadline
The next Deals Update will be in our December/January issue
Deadline for submissions is Monday November 10 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 – SOLENT & SOUTH CENTRAL – NOVEMBER 2014
Trustmarque
Completion Date: 14/09/14 Target: Trustmarque Acquirer: Liberata UK Deal Value: Undisclosed
Details: Moore Blatch LLP successfully advised Liberata in its acquisition of Trustmarque. Liberata is a business process outsourcer based in central London with 14 offices across the UK. Clients include local and central government and the private sector. Trustmarque is a Microsoft enterprise partner and major technology services provider to the NHS and numerous healthcare trusts, local government and the financial sector. Moore Blatch handled all aspects of the sale including working to a very tight timescale and overcoming a number of key elements for the deal to successfully complete
Legal Advisers: Buyer: Moore Blatch. Management team: Squire Patton Boggs. Outgoing investor: Dickson Minto
Willows Veterinary Centre and Referral Service
Completion Date: 16/09/2014 Target: Willows Veterinary Centre and Referral Service Acquirer: Sovereign Capital Deal Value: Undisclosed
Details: Spectrum Corporate Finance acted as both lead adviser and debt adviser to Sovereign Capital on its investment in Willows Veterinary Centre and Referral Service
Funding: Sovereign Capital and Barclays Bank Corporate Finance Advisers: Spectrum
Legal Advisers: Pinsent Masons (Newco and Sovereign), Osborne Clark (Management) Financial Due Diligence: Hazlewoods Commercial Due Diligence: Mansfield Partners
Churches Fire Security
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