mergers & acquisitions
Swift deal ensures jobs are saved at Eastleigh-based firm
Funding Knight Holdings, an online peer-to-peer lending platform near Southampton, has been placed into administration.
Greg Palfrey and Steve Adshead of accountancy, investment management and tax group Smith & Williamson were appointed as administrators on June 28, 2016.
Our recent dealsOur recent deals Highlights from the first half of 2016 include: Greg Palfrey of Smith & Williamson Panther Warehousing Ltd Our recent deals
Management buy out of Panther Warehousing
Deal value: £17m April 2016
Panther Warehousing Ltd Our recent deals cent deals r Warehousing Ltd
ent buy out of Panther Warehousing
al value: £17m April 2016
om the first half of 2016 include:
Management buy out of Panther Warehousing
Highlights from the first half of 2016 include:
Deal value: £17m April 2016
Creasefield Ltd Our recent deals
Sale of entire issued share capital to Solid State Plc
Panther Warehousing Ltd PamPurredPets (Holdings) Ltd
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Deal value: £17m April 2016
Management buy out of Panther Warehousing
Highlights from the first half of 2016 include: Nord-Bitumi (UK) Ltd
Deal value: undisclosed June 2016
Creasefield Ltd PamPurredPets (Holdings) Ltd
Deal value: undisclosed June 2016
Sale of entire issued share capital to Solid State Plc
Deal value: undisclosed June 2016
Cefil UK Ltd and
Sale of business and assets Deal value: undisclosed February 2016
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
New management team at China & Co Ltd
easefield Ltd
re issued share capital Solid State Plc alue: undisclosed June 2016
HSBC Bank Plc
Management buy-in of China & Co (Props Hire) Ltd
Creasefield Ltd
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Deal value: undisclosed April 2016
Deal value: undisclosed June 2016
Sale of entire issued share capital to Solid State Plc
Deal value: undisclosed May 2016
Panther Warehousing Ltd
New management team at China & Co Ltd
Management buy out of Panther Warehousing
Management buy-in of China & Co (Props Hire) Ltd
Deal value: £17m April 2016
clarkewillmott.com
management team China & Co Ltd
agement buy-in of Co (Props Hire) Ltd
value: undisclosed May 2016
20
clarkewillmott.com Champion Accoutants LLP
businessmag.co.uk
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
Deal value: undisclosed May 2016
New management team at China & Co Ltd
Management buy-in of China & Co (Props Hire) Ltd
Deal value: undisclosed May 2016
Highlights from the first half of 2016 include:
The shares in the trading subsidiary Funding Knight have been bought by GLI Finance which, as part of the deal, has agreed to put £1 million further funding into the company. The deal should see creditors of the holding company repaid in full, jobs protected and security provided to the business.
“We are delighted that we’ve been able to finalise the sale of Funding Knight to GLI Finance.
Panther Warehousing Ltd Highlights from the first half of 2016 include: PamPurredPets (Holdings) Ltd PamPurredPets (Holdings) Ltd
Management buy out of Panther Warehousing
Deal value: £17m April 2016
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Our recent deals PamPurredPets (Holdings) Ltd Our recent deals
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Sale of entire issued share capital to Solid State Plc
Our recent deals Creasefield Ltd HSBC Bank Plc
Deal value: £17m April 2016
Highlights from the first half of 2016 include:
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Cefil UK Ltd and Panther Warehousing Ltd Nord-Bitumi (UK) Ltd
Management buy out of Panther Warehousing
Highlights from the first half of 2016 include: HSBC Bank Plc
Deal value: £17m April 2016
Highlights from the first half of 2016 include:
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Deal value: undisclosed April 2016
Panther Warehousing Ltd
Deal value: undisclosed April 2016
Panther Warehousing Ltd
New management team at China & Co Ltd
Pentest Ltd HSBC Bank Plc
Management buy out of Panther Warehousing
Champion Accoutants LLP
Management buy-in of China & Co (Props Hire) Ltd
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Deal value: undisclosed May 2016
Deal value: undisclosed April 2016
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
Deal value: £17m April 2016
Champion Accoutants LLP Creasefield Ltd
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
Sale of entire issued share capital to Solid State Plc
Deal value: undisclosed June 2016
Management buy out of Panther Warehousing
Creasefield Ltd PamPurredPets (Holdings) Ltd
Sale of business and assets Deal value: undisclosed February 2016
HSBC Bank Plc Pentest Ltd
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Cefil UK Ltd and
Sale of entire issued share capital to Solid State Plc
Deal value: undisclosed June 2016
Nord-Bitumi (UK) Ltd PamPurredPets (Holdings) Ltd
Sale of business and assets Deal value: undisclosed February 2016
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Deal value: undisclosed April 2016
Pentest Ltd
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
HSBC Bank Plc Cefil UK Ltd and Nord-Bitumi (UK) Ltd Pentest Ltd
Sale of business and assets Deal value: undisclosed February 2016
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Cefil UK Ltd and Nord-Bitumi (UK) Ltd
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
PamPurredPets (Holdings) Ltd PamPurredPets (Holdings) Ltd
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
New management team at China & Co Ltd
Management buy-in of China & Co (Props Hire) Ltd
Deal value: undisclosed May 2016
Creasefield Ltd
clarkewillmott.com Jubb Consulting Engineers Ltd
Creasefield Ltd
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Sale of entire issued share capital
Sale of entire issued share capital to Solid State Plc
Champion Accoutants LLP
Deal value: undisclosed June 2016
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
New management team at China & Co Ltd
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
Champion Accoutants LLP HSBC Bank Plc
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Jubb Consulting Engineers Ltd Pentest Ltd
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Deal value: undisclosed April 2016
Sale of PamPurredPets to Pets Corner Deal value: £6m April 2016
Deal value: undisclosed April 2016
Sale of business and assets Deal value: undisclosed February 2016
Pentest Ltd
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Cefil UK Ltd and Nord-Bitumi (UK) Ltd
Jubb Consulting Engineers LtdJubb Consulting Engineers Ltd Cefil UK Ltd and
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Pentest Ltd Champion Accoutants LLP
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
HSBC Bank Plc
Management buy-in of China & Co (Props Hire) Ltd
Deal value: undisclosed May 2016
clarkewillmott.comGreat service... Great people... Jubb Consulting Engineers Ltd
Great service... Great people... Champion Accoutants LLP
HSBC Bank Plc Financing of management buyout
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Management buyout of Southport office of Champion Accountants Deal value: undisclosed June 2016
Deal value: undisclosed April 2016
Financing of management buyout of Pathfinder Park Homes by Pathfinder Park Homes Holding Ltd
Sale of business and assets Deal value: undisclosed February 2016
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Pentest Ltd Jubb Consulting Engineers Ltd
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
THE BUSINESS MAGAZINE – SOLENT & SOUTH COAST – SEPTEMBER 2016 Pentest Ltd Sale of Pentest Ltd to Secarma Ltd Great service... Great people...
Sale of Pentest Ltd to Secarma Ltd Deal value: undisclosed June 2016
Great service... Great people... Nord-Bitumi (UK) Ltd
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Sale of business and assets Deal value: undisclosed February 2016
Jubb Consulting Engineers Ltd
Management buyout of Jubb Consulting Engineers Limited Deal value: undisclosed July 2016
Very importantly, this is good news for employees and investors; jobs have been safeguarded and clients’ investments protected,” said Palfrey who is national head of the restructuring and recovery services team at Smith & Williamson and works out of the firm’s South Coast office in Southampton.
He added: “Funding Knight had suffered a series of financial troubles in the past few months which meant there was no option but for the business to go into administration on June 28. It’s always sad when an organisation goes into administration, but this is the best result in light of difficult circumstances.”
Funding Knight has offices in Eastleigh, Hampshire, and has circa £30m invested in loans.
Cefil UK Ltd and Nord-Bitumi (UK) Ltd
Sale of business and assets Deal value: undisclosed February 2016
Cefil UK Ltd and Nord-Bitumi (UK) Ltd
Sale of business and assets Deal value: undisclosed February 2016
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