38 deals update Latest deals data from across the region
Acquisition of Finders Keepers by Countrywide Group Completion Date: 02/16 Target: Finders Keepers Acquirer: Countrywide Group plc Deal Value: Undisclosed
Details: Spectrum Corporate Finance successfully advised the shareholders of Finders Keepers on the disposal of the business to Countrywide Group plc. Established over 40 years ago, Finders Keepers is a family-run, independent property letting and management agent, operating from eight established branches across Oxfordshire
Corporate Finance Advisers: Clive Hatchard and Bilal Hasan, Spectrum Corporate Finance
Legal Advisers: Richard Clark, Clark Holt MBO of Lorega Catering sector acquisition
Completion Date: 03/03/16 Target: Caterfood Acquirer: Bidvest Foodservice Deal Value: Undisclosed
Details: Market-leading catering industry distributors Bidvest Foodservice has acquired Devon-based Caterfood, in a deal managed by BCMS. Caterfood has a long heritage in frozen food, catering and distribution. The company provides leading brands and quality products to over 2000 catering industry customers in the South West
Corporate Finance Advisers: BCMS (for vendor) Legal Advisers: Boyce Hatton (for vendor)
Project Atlas
Completion Date: 26/03/16 Target: 360 Globalnet Investor: CSC Computer Sciences International Operations Deal Value: Undisclosed
Details: Investment into 360Globalnet by CSC Computer Sciences International Operations. The investment was made through the issue of loan notes and warrants
Funding: Self funded
Legal Advisers: Pitmans LLP acted for 360Globalnet and Addleshaw Goddard LLP acted for CSC Computer Sciences International Operations
Finance Due Diligence: PwC LLP
Commercial Due Diligence: CSC Computer Sciences International Operations Acquisition of TW Tyres Autocentre
Completion Date: 15/02/16 Target: TW Tyres Autocentre Acquirer: Micheldever Tyre Services Deal Value: Undisclosed
Details: RSM's transaction services team provided financial due diligence to Micheldever Tyres Services on the acquisition of TW Tyres Autocentre
Funding: Graphite Capital Legal Advisers: Thomas Eggar
Finance Due Diligence: RSM UK: Nick Williams, partner, Michelle Harris, tax partner
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Completion Date: 24/02/16 Target: Lorega Acquirer: Alcuin Deal Value: Undisclosed
Details: RSM's Transaction Services provided financial due diligence on Lorega, a managing general agent and insurance claims management firm, in respect of the MBO backed by Alcuin Capital
Funding: Alcuin Capital Partners Corporate Finance Advisers: IMAS
Legal Advisers: Osborne Clark – advisers to Alcuin, EC3 Legal – advisers to management, Ince & Co – advisers to vendors
Finance Due Diligence: RSM UK: Rebecca Guerin, partner; James Killing, director
Sale of the entire issued share capital of Opticreach
Completion Date: 15/01/16 Target: Opticreach Acquirer: Hexatronic Group AB Deal Value: Undisclosed
Details: This transaction involved the sale of the entire issued share capital of Opticreach, a company based in Gosport, Hampshire, specialising in fibre optic system solutions and components, to Hexatronic Group AB, a company incorporated in Sweden and listed on the Nasdaq Stockholm stock exchange
Legal Advisers: Coffin Mew LLP (Hayley Bevis), acting for the selling shareholders; Advokatfirman Vinge KB, Gothenberg, Sweden (Anders Strid), acting for Hexatronic Group AB
Sale of Matthew Arnold and Baldwin LLP
Completion Date: 31/01/16 Target: Matthew Arnold and Baldwin LLP
Acquirer: Dentons UKMEA LLP, Hill Dickinson LLP and Veale Wasbrough Vizards LLP Deal Value: Undisclosed
Details: RSM’s M&A and private equity team advised on the sale of Matthew Arnold and Baldwin LLP, a leading regional law firm, to Dentons UKMEA LLP, Hill Dickinson LLP and Veale Wasbrough Vizards LLP. The transaction saw the division of the LLP into three parts and the subsequent sale to these three separate buyers
Corporate Finance Advisers: RSM UK: Kirsty Sandwell, partner; Sarah Nichols, manager; Will Sumner, associate
Legal Advisers: Maurice Turnor Gardner (Corinne Staves)
Environmental Technologies Fund investment round Completion Date: 11/02/16 Target: MWR Infosecurity Acquirer: Environmental Technologies Fund Deal Value: Undisclosed
Details: Legal advice relating to a second round of investment from Environmental Technologies Fund to MWR InfoSecurity, a research-led cyber security consultancy. Coffin Mew LLP advised the company on all documentation relating to the investment (and also did so for the first investment round in 2014)
Legal Advisers: Coffin Mew for the company, Taylor Wessing for ETF
Acquisition of Take 2 Films by Procam
Completion Date: 02/16 Target: Take 2 Films Acquirer: Procam TV Deal Value: Undisclosed
Details: HMT LLP led by partner Paul Read and assistant manager Viqas Chohan undertook due diligence for private equity backed television equipment specialist Procam Television on its acquisition of leading supplier of camera equipment Take 2 Films
Funding: Foresight Group Financial Due Diligence: HMT
Abacaredig Holdings and two subsidiaries Completion Date: 02/16
Target: Abacaredig Holdings and two subsidiaries - Caredig and Abacare Acquirer: City & County Healthcare Group Deal Value: Undisclosed
Details: Acquisition of Abacaredig Holdings and two subsidiaries – Caredig and Abacare by one of the UK leading domiciliary care providers – City and County Healthcare Group. James Cowper Kreston provided advisory services to the acquirer
Corporate Finance Advisers: James Cowper Kreston Acquisition of Heritage Automotive
Completion Date: 29/02/16 Target: Heritage Automotive Acquirer: Heritage Automotive Holdings Deal Value: Undisclosed
Details: RSM's transaction services team provided financial due diligence on behalf of Richard Neulaender and John Walsh on the acquisition of Heritage Automotive
Legal Advisers: Dentons
Finance Due Diligence: RSM UK: David McCulloch, partner; Stephen Mason, partner; Jerry Hibbs, director
Independent Community Care Management Completion Date: 02/16
Target: Independent Community Care Management Holdings and its subsidiary – ICCM Acquirer: City & County Healthcare Group Deal Value: Undisclosed
Details: Acquisition of Independent Community Care Management Holdings and its subsidiary by one of the UK leading domiciliary care providers – City and County Healthcare Group. James Cowper Kreston provided advisory services to the acquirer
Corporate Finance Advisers: James Cowper Kreston Next Deadline The next Deals Update will be in our May issue
Deadline for submissions is Monday April 11 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 – THAMES VALLEY – APRIL 2016
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