42 deals update
Latest deals data from across the region Acquisition of Vertex Mortgage Services
Project Rocker
Completion Date: 09/15 Target: Diametric Technical Acquirer: Management team Deal Value: Undisclosed
Details: Meridian Corporate Finance advised the management team on its buyout of Hampshire-based Diametric Technical and Diametric Technical (Manufacturing), a UK manufacturer and supplier of the widest range of bespoke badging and labelling solutions on the market. HW Corporate Finance, led by partner Richard Hall, provided financial due diligence services to NatWest
Funding: Royal Bank of Scotland and NatWest Corporate Finance Advisers: Meridian Legal Advisers: Thomas Eggar and Bradbury Sheerin Financial Due Diligence: HW Corporate Finance Tax Advisers: Fiander Tovell LLP Legal Due Diligence: Coffin Mew
Octopus Invests in Healthcare and Services Technology Completion Date: 09/15 Target: Healthcare and Services Technology Investor: Octopus Investments Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial due diligence to support Octopus Investments' investment into Healthcare and Services Technology Group (HST). HST owns Care Monitoring 2000 (CM2000) and Ezitracker, a global supplier of telephony-based remote workforce management systems to the domiciliary care and facilities management sectors
Funding: Octopus Investments Legal Advisers: Shoosmiths (for Octopus)
Financial Due Diligence: Baker Tilly: David McCulloch, partner; Jerry Hibbs, director Commercial Due Diligence: CIL
Micheldever acquires Alba Tyres
Completion Date: 10/15 Target: Alba Tyres Acquirer: Micheldever Tyre Services Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial and tax due diligence for Micheldever Tyre Services on the acquisition of Alba Tyres
Legal Advisers: Thomas Eggar LLP
Financial Due Diligence: Baker Tilly: Nick Williams, partner; Alex Milne, manager; Sarah Hodges, executive; Michelle Harris, tax partner; Tracy Bacon, associate director
MBO of Oxford Computer Group
Completion Date: 10/15 Target: Oxford Cryosystems Deal Value: Undisclosed
Details: HMT LLP led by partner Mark Lucas, tax director Holly Bedford and director Peter Wear advised on the management buyout of Oxford Computer Group
Legal Advisers: Lamb Brooks Corporate Finance Advisers: HMT Tax Advisers: HMT
www.businessmag.co.uk
Completion Date: 08/15 Target: Vertex Mortgage Services Acquirer: Capita plc Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial due diligence on behalf of Capita Group plc on the acquisition of Vertex Mortgage Services. This latest acquisition not only strengthens Capita’s working relationship with Vertex but also its growing position and visibility across the third-party mortgage administration market
Legal Advisers: Addleshaw Goddard
Financial Due Diligence: Baker Tilly: Peter Vandervelde, partner; Philip Rossiter, associate director
Sale of Campsie Estate Agency to Romans Completion Date: 09/15
Target: Campsie Estate Agency (part of Orchard & Shipman Group plc) Acquirer: The Romans Group (UK) Deal Value: Undisclosed
Details: Acting as the lead adviser, Spectrum Corporate Finance successfully completed the sale of Campsie Estate Agency to Romans Group, a large property services company in the South East. Pitmans LLP's corporate team acted on behalf of The Romans Group (UK)
Funding: Own resources Corporate Finance Advisers: Spectrum
Legal Advisers: Dickson Minto WS (sell-side); Pitmans – Stephanie Perry and Sarah Lake (buy-side) Financial Due Diligence: BDO LLP Commercial Due Diligence: In house
Acquisition of Contractors Financials
Completion Date: 08/15 Target: Contractors Financials Acquirer: Mortgages Made Easy/Livingbridge Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial due diligence on the acquisition of Contractors Financials by Mortgages Made Easy, and the investment by Livingbridge Private Equity in Contractor Mortgages Made Easy. The investment will support the business in its ongoing growth
Corporate Finance Advisers: Spectrum Corporate Finance
Financial Due Diligence: Baker Tilly: Peter Vandervelde, partner; David Copley, partner; Nick Williams, partner; Philip Rossiter, associate director
Micheldever acquires Harolds Tyres
Completion Date: 10/15 Target: Harolds Tyres Acquirer: Micheldever Tyre Services Deal Value: Undisclosed
Details: Baker Tilly’s transaction services team completed financial and tax due diligence for Micheldever Tyre Services on the acquisition of Harolds Tyres
Legal Advisers: Thomas Eggar LLP
Financial Due Diligence: Baker Tilly: Nick Williams, partner; Sarah Hodges, executive; Michelle Harris, tax partner; Tracy Bacon, associate director
Completion Date: 09/15 Target: Telecom Access Holdings Deal Value: Undisclosed
Details: HW Corporate Finance, led by partner Richard Hall, provided structuring and sales advice to the directors of Telecom Access Holdings, which trades under the Europacom name and provides a range of telecoms services to a predominantly business base. HWCF was approached to help with exploring a range of options for the future development, ultimately securing a sale to a group of private individuals
Corporate Finance Advisers: HW Corporate Finance THE BUSINESS MAGAZINE – THAMES VALLEY – NOVEMBER 2015 Acquisition of Usa2Europe
Completion Date: Summer 2015 Target: Usa2Europe Acquirer: Orangefield Group Deal Value: Undisclosed
Details: HMT LLP led by tax director Holly Bedford advised on the disposal of global expansion experts Usa2Europe to Orangefield Group
Legal Advisers: Lamb Brooks Tax Advisers: HMT
Project Television
Completion Date: 10/15 Target: Shooting Partners Deal Value: Undisclosed
Details: HW Corporate Finance, led by partner Charles Whelan, provided financial due diligence services to NatWest to enable the funding of a management buyout of Shooting Partners, an industry leading broadcast and displays integration and film equipment rental supplier
Funding: NatWest Financial Due Diligence: HW Corporate Finance
P&L Software Systems
Completion Date: Autumn 2015 Target: P&L Software Systems Acquirer: AMCS (UK) Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders on the sale of P&L Software Systems, a leading supplier of waste management software in the UK, to the AMCS group, the global leader in end-to-end integrated solutions for the waste and recycling industry. P&L has the largest installed base of UK waste and recycling operators and is a leading provider of waste management software, training and consultancy
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Maples & Calder for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors Ranger Services
Completion Date: 06/15 Target: Ranger Services Deal Value: Undisclosed
Details: HW Corporate Finance, led by partner Richard Hall, was appointed by a national supplier of car park management and security services to conduct financial due diligence on Ranger Services, which provides a complete car park management solution from installation and maintenance, to the handling of appeals and correspondence
Financial Due Diligence: HW Corporate Finance Project Manse
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