deals update
LATEST DEALS DATA FROM ACROSS
THE REGION Investment in Channel Mum by NVM
Completion Date: 08/16 Target: Channel Mum Deal Value: £2 million
Details: HMT LLP led by partner Andrew Thomson and supported by directors Peter Wear and Holly Bedford-Bell and senior manager Julia Carruthers, advised Channel Mum, the UK’s first parenting YouTube community, on its recent equity fundraising with NVM Private Equity. NVM has invested alongside Siobhan and previous investor iTV to support the business and accelerate growth
Funding: NVM Private Equity Corporate Finance Advisers: HMT Legal Advisers: Shoosmiths Financial Due Diligence: Wilson Partners Commercial Due Diligence: RPL Advisory
Project Defiant
Completion Date: 23/08/16 Target: Ultra Electronics ID Acquirer: Magicard Holdings Deal Value: £22 million
Details: RSM UK’s transaction services team provided financial due diligence on LDC backing of the MBO of Ultra
Electronics ID. Ultra Electronics ID designs and manufactures proprietary, instant issuance card printers and associated consumables Funding: LDC, RBS – debt Corporate Finance Advisers: Duff & Phelps, CIL Legal Advisers: CMS Cameron McKenna
Financial Due Diligence: RSM: Nick Williams, partner; Thorin Ward, associate director; Steve Jacob, corporate tax partner
Project Ostrich
Completion Date: 01/08/16 Target: Orb Financial Services
Acquirer: Risk & Reward Group (Holdings) (Risk & Reward Group (Holdings) is a member of Arthur J. Gallagher’s group of companies)
Deal Value: Undisclosed
Details: Surrey and London law firm Mundays LLP has advised Geraint and Julia Williams on the sale of the entire issued share capital of Orb Financial Services to Risk & Reward Group (Holdings). Geraint Williams will remain as a director and will continue to operate the business going forward.
Legal Advisers: Mundays – Sellers. DAC Beachcroft (London) - Buyer
Investment in Dovetail Games
Completion Date: 09/16 Target: Dovetail Games Deal Value: Undisclosed
Details: HMT LLP led by partner Paul Read undertook due diligence for Alcuin Capital Partners on their investment in leading developer of game simulators Dovetail Games
Funding: Alcuin Capital Partners Legal Advisers: Osborne Clarke Financial Due Diligence: HMT
Spectrum advises Raymond Brown Group on sale to management
Spectrum Corporate Finance, acting as the lead adviser, has successfully completed the sale of Raymond Brown Minerals and Recycling (RBMR) to management, backed by Elysian Capital. Spectrum was appointed by the shareholders to complete a full sales and marketing process of RBMR, before agreeing to sell to the incumbent management team and Elysian Capital. This was a highly complex transaction which involved the demerger of the group prior to the sale.
Project Connect
Completion Date: 20/07/16 Target: Klict2Connect EU Acquirer: Eckoh plc Deal Value: £2 million
Details: RSM UK’s transaction services team provided financial and tax due diligence on Eckoh plc’s acquisition of
Klick2Contact EU, a cloud-based software provider enabling customers to interact with their online
customers through a suite of modules such as the Live Chat and Call-Back modules
Financial Due Diligence: RSM: Rebecca Guerin, partner; Andrew Choy, manager; Ali Sapsford, corporate tax partner; David Collis, corporate tax director
Gateley advises on post-Brexit IPOs
National law firm Gateley plc, which has an office in Reading, has advised Cantor Fitzgerald Europe on the successful £26.6 million fundraising and admission to AIM, sub-market of the London Stock Exchange, of Autins Group plc.
The float sees Autins Group become the second West Midlands company to float on AIM since the EU referendum in June 2016, joining Franchise Brands plc which floated in early August and was also advised by Gateley plc.
Project Whisper Investment in ContactEngine
Completion Date: 09/16 Target: ContactEngine Deal Value: £2 million
Details: HMT LLP led by partner Andrew Thomson undertook due diligence for Beringea LLP and Amadeus Capital on their £2 million investment in SaaS solutions provider ContactEngine
Funding: Beringea and Amadeus Capital Partners Financial Due Diligence: HMT
Completion Date: 17/08/16 Target: Four Eyes Insight Acquirer: Livingbridge Deal Value: Undisclosed
Details: RSM UK’s transaction services team provided financial due diligence in respect of Livingbridge’s investment in Four Eyes Insight Legal Advisers: DWF LLP
Financial Due Diligence: RSM: Peter Vandervelde, partner; Philip Rossiter, director; Sarah Hodges, associate; Poppy Taylor-Porter, associate; Michelle Harris, tax partner
Next Deadline
The next Deals Update will be in our November issue. Deadline for submissions is Monday October 17
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
44
businessmag.co.uk THE BUSINESS MAGAZINE – THAMES VALLEY – OCTOBER 2016
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