Latest deals data from across the region Acquisition of PamPurredPets
Completion Date: 01/04/16 Target: PamPurredPets Acquirer: Pets Corner Deal Value: £6 million
Details: Clarke Willmott acted for the owners of PamPurredPets in the acquisition of PamPurredPets by Pets Corner
Legal Advisers: Clarke Willmott LLP for the sellers, Mishcon de Reya for the buyers
Acquisition of Abacaredig Holdings
Completion Date: 24/02/16 Target: Abacaredig Holdings Acquirer: City & County Healthcare Group Deal Value: Undisclosed
Details: RSM UK's transaction services team completed financial due diligence on behalf of City & County Healthcare on its acquisition of Abarcaredig
Funding: Graphite Capital
Financial Due Diligence: RSM: Nick Williams, partner; Sarah Hodges, associate; Steve Jacob, partner, tax; Rajnandan Sangha, manager, corporate tax
Chiltern IT sold to EET Europarts
Completion Date: 14/03/16 Target: Chiltern IT Acquirer: EET Europarts Deal Value: Undisclosed
Details: HW Corporate Finance LLP negotiated a successful sale of Chiltern IT to EET Europarts. Chiltern IT is the UK's oldest IT parts distributor, specialising in nationwide emergency delivery. EET Europarts, part of the EET Group, is one of Europe´s leading distributors within IT, security and surveillance, home entertainment and lifestyle electronics
Corporate Finance Advisers: HW Corporate Finance Project Ambrosia
Completion Date: 22/03/16 Target: Undisclosed Deal Value: Undisclosed
Details: Project Ambrosia is a shareholder reorganisation for a regulatory software company operating in the food and drink industry. Partner Ian Barton and tax director Holly Bedford-Bell advised the business and shareholders
Corporate Finance Advisers: HMT LLP Tax Advisers: HMT
NetPay Merchant Services
Completion Date: 03/16 Target: NetPay Merchant Services Funder: Meridian and private investor Deal Value: Undisclosed
Details: Meridian Corporate Finance provided funding to NetPay to allow the company to continue on its aggressive growth strategy and capitalise on new contracts starting in Q2 2016
Corporate Finance Advisers: Meridian
Legal Advisers: Moore Blatch LLP (for target), Laceys LLP (for funder)
THE BUSINESS MAGAZINE – THAMES VALLEY – MAY 2016
Completion Date: 03/16 Target: Fusion Deal Value: £14 million
Details: Meridian Corporate Finance advised the management team of Fusion on their management buyout of the company from the existing shareholders. Fusion is a provider of energy management software to companies throughout the UK
Corporate Finance Advisers: Meridian Legal Advisers: Trethowans LLP Tax Advisers: DSA Prospect
deals update 41 Sale of Deverill to 365itms
Project Fusion
Completion Date: 04/04/16 Target: Deverill Acquirer: 365itms Deal Value: Undisclosed
Details: Spectrum Corporate Finance Spectrum has advised Poole-based Deverill and shareholders on the sale of the company to 365itms, a leading UK IT services provider based in Riseley, Reading. Deverill was owned by management and CTG, a family investment office. 365itms is a portfolio company of LMS Capital
Funding: Natwest, Reading
Corporate Finance Advisers: Darren Miller and Iain McKenzie, Spectrum Corporate Finance (Deverill)
Legal Advisers: Stephen Archibald and Christian Hazelton, Blake Morgan (Deverill); Jon Gill and Thomas Rees, TLT Solicitors (365itms)
Financial Due Diligence: Lee Castledine and Paul Kearney, RSM UK
Aero Technics acquires Servcorp
Completion Date: 17/03/16 Target: Servecorp Acquirer: Aero Technics Group Deal Value: Undisclosed
Details: RSM UK's provided financial due diligence for Aero Technics (who are backed by Graphite Capital) in its acquisition of Servecorp, a manufacturer of lightweight life vest pouches based in Burgess Hill. The deal is part of Aero Technics' strategy to build a group of businesses in the aircraft servicing sector
Funding: Graphite Capital
Financial Due Diligence: RSM: Nick Williams, partner; Alex Milne, associate director; Sarah Hodges, associate; Michelle Harris, partner, tax; Beki Matthews, associate director, tax
Trade and assets of Cefil UK and Nord-bitumi
Completion Date: 17/02/16 Target: Trade and assets of Cefil UK and Nord-bitumi Acquirer: Danosa SA Deal Value: Undisclosed
Details: WK Corporate Finance has advised the sellers on the sale of the trade and certain assets of Cefil UK and Nord-bitumi, providers of high-performance waterproofing solutions, to Danosa SA, a leading manufacturer of bituminous waterproofing membranes
Corporate Finance Advisers: Rob Holmes of WK Corporate Finance and Mike Middleton (tax)
Legal Advisers: Kelvin Balmont and Richard Swain of Clarke Willmott (sellers) and KPMG (acquirer)
Investment in Orchid MBO of Westfield Medical
Completion Date: 08/04/16 Target: Westfield Medical
Acquirer: Management, backed by Maven Capital Partners Deal Value: £12 million
Details: Spectrum Corporate Finance Spectrum advised the management team and newco on the MBO of Westfield Medical, backed by Maven Capital Partners. Spectrum worked directly with the management team to source the funding of the purchase from Maven Capital Partners and PNC, and project managed the deal for newco
Funding: Andrew Ferguson and Tom Purkis, Maven Capital Partners (private equity); Tim Phillips and Paul Apps, PNC (working capital and debt facilities)
Corporate Finance Advisers: Darren Miller, Simon Davies and Bilal Hasan, Spectrum Corporate Finance (lead advisory); Ian Milne and Simon Sherliker, Spectrum Corporate Finance (debt advisory); Phil Burns and Karen Edwards, Clearwater International (vendors)
Legal Advisers: Sean Kelly, Oliver Kelly, Sarah Lake and Mark Metcalfe, Pitmans (Westfield Medical management team); Simon Gill and Mark Canning, Gateley (Maven Capital Partners); Claire Shepherd, Squire Patton Poggs (PNC); Simon Allport, Bird and Bird (vendors)
Financial Due Diligence: James Carnegie, Gurdeep Dhami and Peter Vandervelde, RSM UK
Commercial Due Diligence: James Silk, CIL
Completion Date: 30/03/16 Target: Orchid Field Marketing Acquirer: Ceuta Holdings Deal Value: Undisclosed
Details: Henmans Freeth acted for the shareholders of Orchid, a field marketing company, on the sale of 60% of the shares in the company to Ceuta Holdings, the leading international outsource partner within health and beauty
Legal Advisers: Henmans Freeth (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the shareholders. Lester Aldridge LLP for the acquirer
Disposal of Grace Personnel
Completion Date: 23/03/16 Target: Grace Personnel Acquirer: Management team Deal Value: Undisclosed
Details: HMT LLP, led by partner Mark Lucas, associate director Matthew Gordon-Smith and senior manager Julia Carruthers, advised Nicola Dandridge, shareholder of Grace Personnel, on the sale to its current management team, backed by Percipient Capital
Funding: Percipient Capital Corporate Finance Advisers: HMT Legal Advisers: Blandy & Blandy Financial Due Diligence: James Cowper Kreston
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