deals update 27
Latest deals data from across the region Acquisition of True Lens Services by Procam TV
Completion Date: 12/14 Target: True Lens Services Acquirer: Procam TV Deal Value: Undisclosed
Details: HMT LLP, led by director Paul Read, undertook due diligence for private-equity-backed television equipment specialist Procam TV on its acquisition of British broadcast and cinematic lens innovator True Lens Services
Funding: Foresight Group Corporate Finance Advisers: Marsden Clark Legal Advisers: Marriott Harrison Tax Advisers: HMT
Spectrum Corporate Finance advises on £5.1m sale of Impatex
Spectrum Corporate Finance has successfully led the disposal of Impatex Freight Software to Descartes Systems Group for £5.1 million.
Descartes Systems Group (Descartes) is the global leader in uniting logistics-intensive businesses in commerce, while Impatex Freight Software (Impatex) is a leading provider of electronic customs filing and freight forwarding solutions in the UK.
The European customs compliance market is characterised by a complex framework of member states, each with different regulations, languages and systems. Transportation carriers, logistics intermediaries and shippers look to technology partners, like Descartes and Impatex, to manage this complex environment.
Capita’s €210m acquisition of avocis
Completion Date: 27/02/15 Target: avocis Acquirer: Capita plc Deal Value: €210 million
Details: Baker Tilly provided financial due diligence for Capita plc on its acquisition of avocis, a leading provider of customer contact management services in Germany, Switzerland and Austria, for a sum of €210m. Avocis serves similar sectors to Capita’s UK-based customer management business, and will add strength to the relationship through its strong position in the German-speaking regions of Europe
Legal Advisers: Addleshaw Goddard, buyside legal
Financial Due Diligence: Baker Tilly: Peter Vandervelde, partner; Philip Rossiter, associate director; Andy Choy, associate
International Involvement: RSM Switzerland and RSM Germany
Impatex, headquartered in Cadnam in the New Forest, brings more than 200 freight forwarder customers to Descartes’ global logistic network, with the majority of these being in the UK. By combining Impatex’s leading UK customs and forwarding solutions with Descartes’ global community of logistics participants and logistics management solutions, customers now have a single trusted partner to help them manage their shipments across the globe.
Descartes funded the purchase price for this acquisition by drawing on its existing acquisition line of credit.
Details:
spectrumcf.co.uk
Funding Escalator celebrates second birthday
The FSE group celebrated its second year of managing the Thames Valley Berkshire (TVB) Funding Escalator in February and is proud to have offered loans and investments totaling almost £4.7 million to 35 businesses during this period. Significantly these funds, which have supported businesses from a variety of sectors all across the county, have helped to create or safeguard around 150 jobs.
Project Kennilworth
Completion Date: 27/02/15 Target: Keylogic Acquirer: Castleton Technology plc Deal Value: £3.8 million
Details: Castleton, the software and managed services provider to the public and not for profit sector, acquired Keylogic, an infrastructure managed services provider with a focus on the social housing sector.. The business comes with a strong reputation in its market and a track record of profitable growth
Legal Advisers: Coffin Mew LLP for sellers. DAC Beachcroft LLP for buyer
Financial Due Diligence: Baker Tilly
As it enters its third year, it is continuing to invest in the region’s ambitious businesses, providing a range of funds to cater to the needs of these growing companies. The TVB Funding Escalator, which comprises £7.3m of capital from Thames Valley Berkshire Local Enterprise Partnership, includes the following:
• Thames Valley Berkshire Expansion Loan Scheme • Thames Valley Berkshire Commercialisation Loan Scheme • Thames Valley Berkshire Growth Fund.
This initiative provides eligible companies with loans and equity funding between £25,000 and £200,000 for activities that will deliver high-growth and employment opportunities.
BCMS launches in Middle East
As part of its ongoing international growth strategy, Kingsclere-based M&A adviser BCMS has launched in the Middle East, hosting its first-ever seminar in Tel Aviv, Israel.
The seminar, presented by David Rebbettes, founding director, and Mike Sweeting, director of international development, was well received with over 200 SME business owners in attendance.
Next Deadline The next Deals Update will be in our May issue
Deadline for submissions is Tuesday April 14 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 – APRIL 2015
Ahead of the February 24 launch event, Rebbettes had visited Israel on a number of occasions during 2014, working closely with local colleagues Doron Ephrati and Hilit Ben-Zvi, who are joint heads of the BCMS operation. BCMS will operate from an office in the Vita Towers complex in Tel Aviv’s business district.
Rebbettes commented: “The Middle East is an attractive market for deal makers – I continue to be delighted by the positive response BCMS has received ever since announcing the first seminar date here in Israel."
Details:
www.bcmscorporate.com www.businessmag.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52