Partial MBO exit transaction for RCL
Completion Date: 11/15 Target: Sunshine Cruise Holding Acquirer: MBO team at Sunshine Cruise Holdings Deal Value: Undisclosed
Details: Mundays LLP advised Royal Caribbean Cruises in the sale of a 60% shareholding in Sunshine Cruise Holdings to a management buyout team
Legal Advisers: Mundays for RCL and Hill Dickinson (Manchester) for MBO team
deals update 35 Project Farm
SG Systems (UK)
Completion Date: 11/12/15 Target: SG Systems (UK) Acquirer: PHSC plc Deal Value: Undisclosed
Details: Henmans Freeth acted for the selling shareholders of SG Systems (UK), a growing anti-theft solutions and merchandising company providing a range of security products and services to large national, key regional and independent retailers across the UK, Europe and USA, to PHSC plc
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
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate) for the vendors and Gullands for the acquirer
Corporate Finance Advisers: BCMS Corporate for the vendors
Completion Date: 12/15 Target: Ferex (trading as Euraqua) Acquirer: Pollet Water Group NV Deal Value: Undisclosed
Project Maranello
Completion Date: 01/12/15 Target: Hyperactive Broadcast Acquirer: Gravity Media Group Deal Value: Undisclosed
Abzena plc
Completion Date: 11/15 Target: Ferex (trading as Euraqua) Acquirer: Pollet Water Group NV Deal Value: £20 million
Details: Latest round of fundraising for Abzena plc – an AIM listed pharmaceutical company. The corporate finance team of James Cowper Kreston acted as reporting accountant on the fundraising
Corporate Finance Advisers: James Cowper Kreston John Noad Holdings Project Bee
Completion Date: 03/12/15 Target: Traceway Acquirer: Chandlers Building Supplies Deal Value: Undisclosed
Details: Traceway, trading as Banstead Builders Merchants, based in Surrey, previously focused on the supply of heavyside and timber products. By joining forces its possible to exploit a number of benefits and opportunities not otherwise available, such as enhanced procurement, sharing of central functions and an expanded branch network
Legal Advisers: Mike Watson, Lucy Grey and Jamie Earley of Trethowans LLP for the sellers. Helen Mead and Nikki Ashfield of ASB Law for the buyer
THE BUSINESS MAGAZINE – THAMES VALLEY – FEBRUARY 2016
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
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
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
Ferex
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
Acquisition of Bodmin Jail
Completion Date: 11/15 Target: Webb Ellis Estates (proprietor of Bodmin Jail) Acquirer: Mallino Development Deal Value: Undisclosed
Details: Acting for Surrey-based clients on the acquisition of Bodmin Jail which is an historic former prison situated in Bodmin in Cornwall. Built in 1779 and closed in 1927, parts of the prison have been turned into a tourist attraction
Funding: Self-funded
Legal Advisers: Mundays LLP for the acquirer and Clark Holt (Swindon) for the seller Financial Due Diligence: Accountlets Commercial Due Diligence: Buyer/Mundays
Next Deadline
The next Deals Update will be in our March issue
Deadline for submissions is Monday February 8 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
www.businessmag.co.uk
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