deals update
LATEST DEALS DATA FROM ACROSS
THE REGION TOTALTEC investment:
Details: Pitmans LLP advised TOTALTEC Oilfield Services on its initial equity finance raising from a number of private investors
Corporate Finance Advisers: Simmons & Company International
Legal Advisers: Pitmans LLP Project Cumberland
Completion Date: 14/09/16 Target: Kinneir Dufort Acquirer: Management team Deal Value: Undisclosed
Details: RSM’s transaction services provided financial and tax due diligence on the MBO of Kinneir Dufort, backed by private equity firm Mobeus Equity Partners LLP. The target, Kinneir Dufont, is an innovation
and design consultancy operating in a number of industries, largely medical and FMCG
Funding: Mobeus Equity Partners LLP Legal Advisers: Osborne Clarke (advisers to NewCo)
Other Advisers: DAC Beachcroft (LDD). Highwire Consulting (MDD). Momentum (advisers to NewCo)
Financial Due Diligence: RSM UK: Rebecca Guerin, partner; James Carnegie, partner; James Killing, director; Rob Carlton, associate; Steve Jacob, tax partner
Commercial Due Diligence: CIL Acquisition of Authentic Adventures
Completion Date: 20/09/16 Target: Authentic Adventures Acquirer: Specialist Journeys Deal Value: Undisclosed
Details: Pitmans LLP, led by partner Oliver Kelly and solicitor Laurel Knight, successfully advised one of the UK’s leading providers of small group, expert-led specialist, educational and themed travel holidays, Specialist Journeys, on its acquisition (part of its buy and build strategy) of niche worldwide painting, singing, walking and sightseeing holiday providers, Authentic Adventures
Legal Advisers: Pitmans LLP (Oliver Kelly, Laurel Knight, John Newton, Jonathan Gray and Laura Wheeler) – advisers to Specialist Journeys. WSP Solicitors – advisers to vendors
Sale of London Graphic Systems
Completion Date: 09/16 Target: Allport Packaging Acquirer: Ethos Group Holdings Deal Value: Undisclosed
Details: Moore Stephens has advised Core Capital Partners LLP, a leading mid-market private equity firm, on the sale of London Graphic Systems, the UK’s leading high-end managed print services provider. The company was acquired by Ethos Group Holdings, a fast growing and acquisitive unified communications business
Funding: Undisclosed Corporate Finance Advisers: Moore Stephens LLP
Project Challenge: Acquisition of the entire issued share capitals of (1) Action Events and (2) Dream Challenges by Specialist Tours
Completion Date: 09/09/16
Target: Action Events and Dream Challenges (trading as Action for Charity) Acquirer: Specialist Tours Deal Value: Undisclosed
Details: Pitmans LLP, led by partner Oliver Kelly and solicitor Laurel Knight, successfully advised one of the UK’s leading providers of small group, expert-led specialist, educational and themed travel holidays, Specialist Tours, on its acquisition of UK and international leading trip and travel-based activities providers Action for Charity
Funding: (1) Kings Park Capital and (2) Santander UK plc RED
Completion Date: 06/09/16 Target: RED Acquirer: Tractebel Deal Value: Undisclosed
Details: Tractebel, a global engineering company and part of ENGIE, has acquired a 70% stake in RED, a consultancy specialising in the design of innovative and low energy MEP services for data centres and commercial and hospitality buildings. The shareholders of RED – which has offices in Oxford, London and across the world – were advised by BCMS
Corporate Finance Advisers: BCMS Legal Advisers: Freeths
Acquisition of part of Adveo France SA
Completion Date: 26/08/16 Target: Part of Adveo France S.A. (Electronic office supplies division)
Acquirer: Westcoast France SAS Deal Value: Undisclosed
Details: Pitmans LLP, assisted by Gatienne Brault & Associes, acted for Westcoast France SAS, a division of Westcoast, a leading UK IT distributor, in acquiring the electronic office supply division of Adveo France SA, a subsidiary within the Adveo Group which is headquartered in Madrid
Funding: Self-funded
Legal Advisers: Pitmans LLP/ Gatienne Brault & Associes (Westcoast’s advisers). Dechert LLP (Adveo’s advisers)
Next Deadline
The submission deadline for the December issue is Monday, November 14
To submit deal information or to advertise on this page contact:
Steve Banbury:
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
32
businessmag.co.uk THE BUSINESS MAGAZINE – SOLENT & SOUTH COAST – NOVEMBER 2016
BRP Composites
Completion Date: 29/09/16 Target: BRP Composites Acquirer: Tritech Group Deal Value: Undisclosed
Details: Hampshire-based prototyping specialist BRP Composites – a manufacturer of parts for motorsports, supercars and F1 teams – has been acquired by an Indian group, in a transaction advised by BCMS. The deal sees BRP join Tritech Group of Wrexham, a UK subsidiary of India’s Neterwala Group, for an undisclosed sum
Corporate Finance Advisers: BCMS Financial Due Diligence: Freeths
Keysource
Completion Date: 09/16 Target: Keysource Acquirer: Styles&Wood Group plc Deal Value: Undisclosed
Details: Meridian Corporate Finance advised the shareholders of Keysource, a company specialising in delivering engineering and technology services for business critical environments, on the sale of their company to Styles&Wood Group plc
Corporate Finance Advisers: Meridian Legal Advisers: Hill Dickinson
Investment in Chic Retreats by Maven
Completion Date: 10/16 Target: Chic Retreats Deal Value: Undisclosed
Details: HMT LLP led by director Peter Wear undertook due diligence for Maven Capital Partners on their investment in luxury boutique hotels and villas provider Chic Retreats
Funding: Maven Capital Partners Financial Due Diligence: HMT
Sale of Allport Packaging
Completion Date: 08/16 Target: Allport Packaging Acquirer: Neal Brothers Deal Value: Undisclosed
Details: Moore Stephens Corporate Finance advises Allport Cargo Services, one of the UK’s largest independent logistics and freight forwarding companies, on the sale of Allport Packaging, its specialist export packaging subsidiary. The company generated a high degree of interest and through a competitive process was sold to Neal Brothers
Funding: Undisclosed Corporate Finance Advisers: Moore Stephens LLP
CDI AndersElite
Completion Date: 09/16 Target: CDI AndersElite Acquirer: Management team Deal Value: Undisclosed
Details: Meridian Corporate Finance advised the management team of CDI AndersElite, leading technical recruitment experts to the built environment, on the purchase of the company from the US exiting shareholders
Funding: Lloyds Bank Corporate Finance Advisers: Meridian Legal Advisers: Shoosmiths Tax Advisers: Fiander Tovell LLP
Vegetarian Express
Completion Date: 20/09/16 Target: Vegetarian Express Acquirer: Bridges Ventures Deal Value: Undisclosed
Details: The Bridges Sustainable Growth Fund III, managed by specialist sustainable and impact investor Bridges Ventures announced its investment in Vegetarian Express, a specialist supplier of plant-based food ingredients. BCMS acted as lead adviser to the shareholders of Vegetarian Express
Corporate Finance Advisers: BCMS Legal Advisers: Continuum Corporate Lawyers LLP
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