36 deals update Scott Brownrigg acquires GMW Architects
Completion Date: 08/15 Target: GMW Architects and GMW Architects International Acquirer: Scott Brownrigg Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial due diligence and transaction support on behalf of Scott Brownrigg on the acquisition of GMW Architects and GMW Architects International. This acquisition follows GMW’s recent appointment as the lead designer for the prestigious Istanbul Airport, positioned to be the largest airport in the world
Legal Advisers: Thomas Eggar LLP (acquirer's lawyers). Maxwell Winward LLP (seller's lawyers)
Financial Due Diligence: Baker Tilly: David McCulloch, partner; Jerry Hibbs, director; Penny Phillips, tax director
Summit Partners’ investment in Darktrace
Completion Date: 07/15 Target: Darktrace Acquirer: Summit Partners LLP Deal Value: $22.5 million
Details: Baker Tilly’s transaction services team completed financial and tax due diligence on Summit Partners’ $22.5m minority investment in. Darktrace, valued at $100m, is one of the leading cyber threat defence companies in the world. Its Enterprise Immune System technology detects previously unidentified threats in real time, analysing the behaviour of every device, user and network within an organisation
Financial Due Diligence: Baker Tilly: David Copley, partner; Alex Milne, manager; Michelle Harris, tax partner
Project Sonic
Completion Date: 09/15 Target: CEGA Holdings Acquirer: Management team Deal Value: Undisclosed
Details: Meridian Corporate Finance advised the shareholders of CEGA Holdings, one of the leading independent providers of global emergency assistance, risk management and claims management services on the sale of the company to the incumbent management team
Funding: Royal Bank of Scotland Corporate Finance Advisers: Meridian
Legal Advisers: Shoosmiths (sale-side), Trethowans LLP (buy-side) Financial Due Diligence: PwC
Baron SAS, Tours, France
Completion Date: 14/09/15 Target: Baron SAS, Tours, France Acquirer: Promatic International Deal Value: Undisclosed
Details: Promatic is the leading manufacture of clay target launchers. Baron SAS is a developer of automated systems for launchers. The acquisition enables Promatic to develop the next generation of automated launchers for sporting grounds and competitions. Pitmans LLP worked with its correspondents – Cohen Amir-Aslani – in Paris in closing the deal
Funding: Buyer finance
Legal Advisers: Pitmans and Cohen Amir-Aslani Paris for the buyer and Cabinet Edouard Vidil, Paris for the seller Financial Due Diligence: Buyer’s finance team Commercial Due Diligence: Buyer
www.businessmag.co.uk Sale of SCI-MX Nutrition to Samworth Brothers
Completion Date: 09/15 Target: SCI-MX Nutrition Acquirer: Samworth Brothers Deal Value: Undisclosed
Details: Spectrum Corporate Finance has advised the owners of SCI-MX Nutrition on the successful sale to family-run business Samworth Brothers. Spectrum acted as lead adviser to the owners, helping structure the deal and project managing the process within a tight deadline. This culminated in a smooth and successful transaction within the desired timeframe and delivered an excellent outcome for the owners
Funding: HSBC Corporate Finance Advisers: Spectrum
Legal Advisers: Harrison Clark Rickerbys (sell-side); Jones Day (buy-side) Financial Due Diligence: KPMG Commercial Due Diligence: M&C Saatchi
Project Buffalo
Completion Date: 02/10/15 Target: PCM Healthcare Acquirer: Cogora Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders on the sale of PCM Healthcare, a leading medical education and communications agency, to Cogora, the media and marketing services group. PCM has pioneered novel approaches to deliver healthcare communications and non-promotional medical education that have measurable impact on patient care standards for a range of Big Pharma clients
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Blake Morgan LLP for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors Project Black
Completion Date: 21/09/15 Target: Reading business of White Knight Laundry Services Acquirer: Berendsen UK Deal Value: Undisclosed
Details: Pitmans LLP has acted on behalf of White Knight Laundry Services in the recent sale of its Reading-based business to Berendsen UK. The transaction was led by Pitmans’ corporate partner Stephanie Perry, assisted by Sarah Lake
Corporate Finance Advisers: Watersheds Legal Advisers: Pitmans (Stephanie Perry and Sarah Lake)
Investment by Solution EU
Completion Date: 06/10/15 Target: Brother Max Acquirer: Solution EU Group Deal Value: Undisclosed
Details: Henmans Freeth acted for Solution EU Holdings, the parent company of white-label baby and toddler products supplier Solution EU Holdings, on its acquisition and subsequent investment in Brother Max Trading, the company behind the brand “Brother Max” feeding products and “the Scoop” highchair
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate) for Solution EU Holdings
Corporate Finance Advisers: Shaw Gibbs (Paul Wilson) for Solution EU Holdings
Completion Date: 09/15 Target: Be Smart Southwest Acquirer: Potens Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders on the sale of Besmart South West, the operator of a residential care home for adults with learning difficulties, to the social care group Potens
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Ansons LLP for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors Prime Hotels
Completion Date: 25/09/15 Parties: Prime Hotels Group Bank: Santander UK plc Deal Value: Undisclosed
Details: Henmans Freeth acted for the shareholders of the Prime Hotels Group on a multi-million pound refinancing and restructure of the hotel chain located in central London
Legal Advisers: Henmans Freeth (Tom Walker – corporate; Desh Patel – commercial property) for the Group and Spratt Endicott for the Bank
MBO of Oxford Cryosystems
Completion Date: 09/15 Target: Oxford Cryosystems Deal Value: Undisclosed
Details: HMT LLP led by partner Paul Read and manager Antonia Fernandez undertook due diligence for senior debt provider Royal Bank of Scotland (RBS) on the management buyout of Oxford Cryosystems
Funding: RBS Financial Due Diligence: HMT
Channel 4 invests in Whisper Films
Completion Date: 08/15 Target: Whisper Films Acquirer: Channel 4 Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial due diligence on behalf of Channel 4 Growth Fund and its investment in Whisper Films. This latest addition of Whisper Films brings the number of investment companies to eight
Financial Due Diligence: Baker Tilly: Rebecca Guerin, partner; Katie Worsfold, director; Andrew Choy, associate; Steve Jacob, tax partner
Next Deadline
The next Deals Update will be in our December/January issue
Deadline for submissions is Monday November 2 To submit deal information or to advertise on this page contact: Steve Banbury • 0118-9766414 •
steve@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 2015 Project Black Swan
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