20 deals update
Latest deals data from across the region Acquisition of Reflex by Clarendon Business Centres
DB Systems growth capital deal Completion Date: 11/15
Target: Mortimer Facilities Management (trading as Reflex)
Acquirer: Clarendon Business Centres Deal Value: Undisclosed
Details: Spectrum Corporate Finance has advised the directors of Clarendon Business Centres (Clarendon) on the acquisition of Mortimer Facilities Management (trading as Reflex) and the associated debt raise to fund the purchase
Funding: HSBC Corporate Finance Advisers: Spectrum Legal Advisers: Stone Rose Brewer Financial Due Diligence: RSM UK
Project Oscar
Completion Date: 03/12/15 Target: Oxford Technologies Acquirer: Kurion, Inc Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders of Oxford Technologies, the premier UK robotics and remote systems, to Kurion, Inc. OTL recently won the Minister‘s Award from the UK Nuclear Decommissioning Authority, recognising OTL‘s value, flexibility and innovation
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Morrison Foerster LLP for the acquirer
Project Bernie
Completion Date: 30/10/15 Target: Bolt Building Supplies Acquirer: Harlow Bros Holdings Deal Value: Undisclosed
Details: Bolt Building Supplies is an independent builders merchant and timber engineering business based in Essex, with an annual turnover of £15 million. The acquisition will provide many opportunities for the Harlow Group both geographically and in terms of the products and services it can offer
Legal Advisers: Mike Watson and Louise Thompson of Trethowans LLP for the buyer. Chris Jones of Fisher Jones Greenwood LLP for the sellers
Project Maranello Project Farm
Completion Date: 11/15 Target: The Global Animal Health & Crop Division of GfK Acquirer: Management team and Inflexion Private Equity Deal Value: Undisclosed
Details: Management buyout of GfK‘s UK Crop & Animal Health division. James Cowper Kreston provided lead advisory services to the management team on the transaction with backing from Inflexion Private Equity
Funding: Inflexion Private Equity Corporate Finance Advisers: James Cowper Kreston Legal Advisers: Addleshaw Goddard and Pitmans Financial Due Diligence: Alvarez & Marsal Commercial Due Diligence: Plural Strategy
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Completion Date: 01/12/15 Target: Hyperactive Broadcast Acquirer: Gravity Media Group Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders on the sale of Hyperactive Broadcast, a provider of professional equipment to the TV and film industry to the Gravity Media Group, owner of Gearhouse Broadcast. Hyperactive‘s equipment has been used at major events across the world, including London 2012, FIFA World Cup and the EUFA Europan Football Championships
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Howes Percival LLP for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors
Deal of the month Vestey Foods Group acquires FineFrance (UK)
Completion Date: 11/15 Target: FineFrance (UK) Acquirer: Vestey Foods Group Deal Value: Undisclosed
Details: FineFrance (UK) imports fine food and ingredients for onward sale on a wholesale basis and in to top class restaurants around London and the south – including to some famous celebrity and Michelin starred chefs. It was acquired by the Vestey Group for an undisclosed sum
Corporate Finance Advisers: Orbis Partners Legal Advisers: Coffin Mew, Stevens & Bolton Financial Due Diligence: BDO, Menzies
Completion Date: 17/11/15 Target: DB Systems Acquirer: Westbridge Capital Deal Value: £4 million
Details: The business services team at Transcend Corporate has advised the shareholders of DB Systems in raising equity finance to assist with its ongoing growth. Ian Curtis and Sabial Hanif at Transcend Corporate assisted in leading and negotiating a £4m package of growth capital to fuel DB Systems‘ future growth plans by introducing equity investors WestBridge Capital
Funding: Westbridge Capital Corporate Finance Advisers: Transcend Corporate Legal Advisers: Squire Patton Boggs Financial Due Diligence: Grant Thornton Commercial Due Diligence: CIL Management Consultants
Disposal of the Vacancy Management Company Completion Date: 11/15
Target: The Vacancy Management Company
Acquirer: 1-1 Recruitment Deal Value: Undisclosed
Details: HMT LLP led by partner Mark Lucas and director Peter Wear advised specialist recruitment business The Vacancy Management Company on its disposal to 1-1 Recruitment. Coffin Mew‘s corporate team led the acquisition. The amalgamation of 1-1 Recruitment with The Vacancy Management Company combines their respective specialisms in placing employees in the healthcare and pharmaceutical industries
Corporate Finance Advisers: HMT, RSM Legal Advisers: Clarke Willmott, Coffin Mew Financial Due Diligence: RSM
Project Maverick
Completion Date: 18/11/15 Target: Sleek Capital Acquirer: Alliance Boots Holdings Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders on the sale of Sleek Capital, the owner of the Sleek MakeUP brand, one of the fastest growing cosmetics brands with a focus on providing innovative and premium quality products for all skin-tones, to Walgreens Boots Alliance
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the vendors and Howes Percival LLP for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors
Ferex
Completion Date: 12/15 Target: Ferex (trading as Euraqua) Acquirer: Pollet Water Group NV Deal Value: Undisclosed
Details: The corporate finance team at James Cowper Kreston provided financial due diligence and acquisition advisory services to the acquirer
Corporate Finance Advisers: James Cowper Kreston Legal Advisers: Blake Morgan Financial Due Diligence: James Cowper Kreston
John Noad Holdings
Completion Date: 12/15 Target: John Noad Holdings Acquirer: Management team Deal Value: Undisclosed
Details: Management buyout of John Noad Holdings – a building services provider based in Essex. The corporate finance team at James Cowper Kreston provided lead advisory services to the vendor
Corporate Finance Advisers: James Cowper Kreston Legal Advisers: Stone Rowe Brewer
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – FEBRUARY 2016
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