26 deals update Latest deals data from across the region
Disposal of Friarwood
Completion Date: 31/01/15 Target: Friarwood Acquirer: Private Canadian buyer Deal Value: Undisclosed
Details: HMT LLP, led by partner Ian Barton and tax director Holly Bedford has recently advised the shareholders of wine merchant Friarwood on its business and assets disposal to a private Canadian buyer
Corporate Finance Advisers: HMT Legal Advisers: Stevens & Bolton Tax Advisers: HMT
Alcumus Group
Completion Date: 12/14 Target: Alcumus Group Acquirer: Sovereign Capital Partners LLP Deal Value: £34 million
Details: Spectrum acted as debt advisers on the recapitalisation and debt raise for SM & MS Acquisition for Alcumus Group Funding: Alcentra Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: CMS Cameron McKenna and Dickson Minto Financial Due Diligence: KPMG Commercial Due Diligence: Victanis plc
Inward investment in Oxford Biosystems
Completion Date: 23/01/15 Target: Oxford Biosystems Acquirer: BioVendor – Laboratorni medicina as Deal Value: Undisclosed
Details: Henmans Freeth provided cross border advice to the Acquirer, a medical equipment and medical research products producer and manufacturer for both the Czech republic and international markets on its inward investment in Target, a leading provider of diagnostic products and research tools for clinical, industrial and research diagnostics and research laboratories
Corporate Finance Advisers: James Cowper LLP
Legal Advisers: UK advice for the acquirer: Leon Arnold (Henmans Freeth); Czech advice for the acquirer: Hajek Zrzavecky; Richard Baxter (Withy King LLP) for the sellers
Cambridge Cineworld
Completion Date: 01/15 Target: Cambridge Cineworld Acquirer: The Light Deal Value: £10 million
Details: Spectrum advised the management team of The Light on the successful acquisition of the Cambridge Cineworld, together with development capital to support its planned roll- out in the UK with a pipeline of six further sites signed-up
Funding: Connection Capital and Santander Corporate Finance Advisers: Spectrum Corporate Finance
Legal Advisers: Gateleys (Connection Capital), Maclay Murray Spens (The Light) Financial Due Diligence: HMT
www.businessmag.co.uk
Completion Date: 02/15 Target: MacuVision Europe Acquirer: Alliance Pharma plc Deal Value: £11.5 million
Details: Spectrum Corporate Finance advised the shareholders of MacuVision Europe on the successful disposal to Alliance Pharma Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Hill Hofstetter (vendor), Faskens (buyer) Financial Due Diligence: Grant Thornton
Acquisition of Specialised Orthotic Services
Completion Date: 26/01/15 Target: Specialised Orthotic Services Acquirer: Drive Medical Deal Value: Undisclosed
Details: Specialised Orthotic Services (SOS), an assistive technology company, has been acquired by Drive Medical, the UK arm of one of the world‘s fastest growing major manufacturers and distributors of durable medical equipment in the home healthcare, medical/surgical and rehabilitation markets
Corporate Finance Advisers: BCMS Legal Advisers: Stuart Hodge Corporate Law
Project Oscar – Investment in The Light Cinemas
Completion Date: 01/15 Target: The Light Cinemas Investors: Connection Capital LLP Deal Value: Undisclosed
Details: HMT LLP led by director Paul Read and manager Adrian Howells advised Connection Capital on its investment in New Brighton-based leisure and entertainment company The Light Cinemas
Funding: Santander Legal Advisers: Gateley LLP Financial Due Diligence: HMT
Investment in ReClickd
Completion Date: 01/15 Target: ReClickd Deal Value: Undisclosed
Details: Jamie Earley, corporate solicitor at Coffin Mew LLP, advised Just Develop It on its investment in ReClickd. ReClickd is a social media management and incentives platform, which provides powerful tools for companies to collaborate and publish across multiple social networks
Funding: Just Develop It Legal Advisers: Coffin Mew
Document management services
Completion Date: 02/02/15 Target: Undisclosed Acquirer: Undisclosed Deal Value: Undisclosed
Details: A leading business to business document management services company has been acquired by a US corporation Corporate Finance Advisers: BCMS Legal Advisers: Henmans Freeth
Completion Date: 12/14 Target: d‘Overbroeck College
Acquirer: Oxford International Education Group Deal Value: Undisclosed
Details: Spectrum acted as lead adviser to the shareholders of d‘Overbroeck College, a leading independent co-educational day and boarding school in north Oxford, on the disposal to Oxford International Education Group
Corporate Finance Advisers: Spectrum Corporate Finance FDD on Chameleon Worldwide Travel
Completion Date: 01/15 Target: Chameleon Worldwide Travel Investor: Altitude Partners LLP Deal Value: £500,000
Details: Richard Hall and his team at HW Corporate Finance were appointed to conduct financial due diligence for Altitude Partners on its investment in Chameleon Worldwide Travel. This funding will allow the soft adventure and nature tour operator to support further growth
Corporate Finance Advisers: Atkinson Lambert
Legal Advisers: Clarke Willmott for Altitude Partners and Pitmans for Chameleon Financial Due Diligence: HW Corporate Finance
Next Deadline The next Deals Update will be in our April issue
Deadline for submissions is Tuesday March 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 – MARCH 2015 MacuVision Europe
Completion Date: 01/15 Target: Undisclosed Acquirer: Undisclosed Deal Value: Undisclosed
Details: HMT LLP led by partner Mark Lucas and associate director Peter Wear has recently advised on a deal in the construction industry
Corporate Finance Advisers: HMT Legal Advisers: Clarke Willmott LLP Tax Advisers: HMT
Acquisition of Rainbow Dust Colours
Completion Date: 15/01/15 Target: Rainbow Dust Colours Acquirer: Real Good Food plc Deal Value: In excess of £7 million
Details: Rainbow Dust Colours, a manufacturer of glitters and coloured edibles for the cake decorating and baking industry, acquired by Real Good Food for in excess of £7m. The acquirer, a diversified food group listed on AIM, is a major distributor of sugar in the UK declaring annual revenues of £272.5m (March 2014)
Corporate Finance Advisers: BCMS Legal Advisers: Irwin Mitchell
d‘Overbroeck College
Project Blue Chip
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