deals update
LATEST DEALS DATA FROM ACROSS
THE REGION Project Analyzer
Completion Date: 26/10/16 Target: Parametric Investments & Subsidiaries Acquirer: Process Measurement Technologies Deal Value: Undisclosed
Details: RSM’s transaction services team provided financial due diligence to US PE house Battery Ventures on the
acquisition of dew-point analysis manufacturer and distributor, Michell Instruments Funding: Battery Ventures Legal Advisers: Charles Russell Speechlys
Financial Due Diligence: RSM UK: David Copley, partner; Peter Vandervelde, partner; James Harris, manager; Michelle Harris, partner, corporate tax; Harriet Cook, associate; Charlotte Stanley, manager
The Parade Day Nursery
Completion Date: 14/10/16 Target: The Parade Day Nursery Acquirer: Woodside Trading Deal Value: Undisclosed
Details: Freeths acted for the acquirer of The Parade Day Nursery, a well-established nursery of 28 years in the Abington area of Northampton. The nursery caters for children aged from three months until school age and recently received an outstanding rating from OFSTED
Funding: Barclays Bank plc
Legal Advisers: Freeths, Oxford (led by Tom Walker) for the acquirer. Coupe Bradbury Solicitors for the sellers
Project Arcade
Completion Date: 21/10/16 Target: Big Box Storage Acquirer: StorageMart (TKG-StorageMart Partners LP) Deal Value: £100 million +
Details: RSM’s transaction services team provided vendor assist and subsequently full vendor due diligence to support the management of Big Box Storage which exited the business through a full sale to StorageMart, a US-based self-storage
specialist in a £100m+ deal. Big Box Storage is a leading provider of off-site storage solutions in the UK, with 15 locations in the South East
Funding: Blackstone (debt) Corporate Finance Advisers: JLL (vendor M&A adviser)
Financial Due Diligence: RSM UK: Rebecca Guerin, partner; Nick Williams, partner; Edward Hooper, associate director; Steve Jacob, partner, corporate tax; Emma Milgate, manager, tax
The Ace Hotels group of companies
Completion Date: 10/06/16 Deal Value: Undisclosed
Details: Freeths acted for the shareholders of the ACE Hotels group on a multi-million pound refinancing and restructure of the hotel chain located in central London
Funding: Santander
Legal Advisers: Freeths (led by Tom Walker) for the group. Spratt Endicott for Santander
Investment in Kallidus by RBS
Completion Date: 10/16 Target: Kallidus Deal Value: Undisclosed
Details: HMT LLP led by partner Chris Gow and senior manager Adrian Howells advised FPE Capital and Cirencester-based software company Kallidus on their financing supported by Royal Bank of Scotland
Funding: Royal Bank of Scotland Corporate Finance Advisers: HMT Legal Advisers: Charles Russell Speechlys
Project Sherwood
Completion Date: 31/08/16 Target: Safeware Quasar Acquirer: UL Deal Value: Undisclosed
Details: UL, a global safety science leader headquartered in Northbrook, Illinois, USA, has acquired Safeware Quasar, a UK-based market leader in chemical regulatory compliance software and consultancy solutions
Corporate Finance Advisers: BCMS
Legal Advisers: Freeths, Oxford (Leon Arnold & Malin Svanberg Larsson – corporate; Claire Boyce – Tax) for the selling shareholders. Winston & Strawn London LLP for the acquirer
Project Chaucer
Completion Date: 17/10/16 Target: Treadmark Tyres Acquirer: Micheldever Tyre Services Deal Value: Undisclosed
Details: RSM’s transaction services team provided financial due diligence to Micheldever Tyre Services on the
acquisition of Treadmark Tyres, a tyre services company operating in Canterbury Funding: Graphite Capital LLP Legal Advisers: Irwin Mitchell
Financial Due Diligence: RSM UK: Nick Williams, partner; David Copley, partner; Alex Coaton, analyst; Michelle Harris, partner, corporate tax
Easi Recycling
Completion Date: 07/07/16 Target: Easi Recycling Acquirer: San Sac Group Deal Value: Undisclosed
Details: San Sac Group, the Swedish waste and recycling equipment manufacturer, has made its first foray into the UK market with the acquisition of Yorkshire-based Easi Recycling Solutions and Easi Recycling UK
Corporate Finance Advisers: BCMS
Legal Advisers: Freeths, Oxford (Leon Arnold & Malin Svanberg Larsson – corporate; Claire Boyce – tax) for the selling shareholder. LOGOS Legal Services for the acquirer
Acquisition of Hydrok UK
Completion Date: 11/16 Target: Hydrok UK Acquirer: Eliquo Water Group GmbH Deal Value: Undisclosed
Details: Charles Russell Speechlys’ Guildford office advised Eliquo Water Group GmbH, a leading European water treatment and engineering solutions company on its acquisition of water utility specialist, Hydrok UK, bringing it in to the UK municipal water and wastewater technology market for the first time
Legal Advisers: Charles Russell Speechlys
Project Quebec
Completion Date: 05/10/16 Target: Qualifa Holdings Acquirer: Imago Techmedia (subsidiary of Clarion) Deal Value: Undisclosed
Details: RSM’s transaction services team provided financial and tax due diligence on behalf of Clarion Events’ subsidiary
Imago Techmedia on the acquisition of Qualifa Holdings, a Brighton-based lead qualification /lead generation business with operations in the UK, USA and Singapore
Funding: Providence Equity Partners Legal Advisers: Joelson
Financial Due Diligence: RSM UK: Peter Vandervelde, partner; Nick Williams, partner; Alex Milne, associate director; Jo Slade, associate; Michelle Harris, partner, corporate tax; Hannah Windsor, tax manager, corporate tax
Osbornes Insurances Oxford
Completion Date: 07/06/16 Target: Osbornes Insurances Oxford Acquirer: Bluefin Insurance Group Deal Value: Undisclosed
Details: Freeths advised Osbornes Insurance Oxford, a commercial broking office based in Thame, on its acquisition by Bluefin. Osbornes was previously a partner broker of the Bluefin Network for nine years and will now move into the wider Bluefin group
Legal Advisers: Freeths, Oxford (led by Tom Walker) for the seller. The in-house legal team at Bluefin for the buyer
Project Jansu
Completion Date: 11/08/16 Target: Reheat International Acquirer: Trenchard Aviation Deal Value: Undisclosed
Details: RSM’s transaction services team provided financial due diligence on Trenchard Aviation’s acquisition of Reheat
International. Reheat is a specialist repairer of on-board galley equipment and cabin interior projects. This is the
third acquisition since Graphite Capital financed the management buyout of Aero Technics in November 2015. Funding: Graphite Capital Legal Advisers: DLA Piper
Financial Due Diligence: RSM UK: Nick Williams, partner; Alex Milne, associate director; Michelle Harris, partner, corporate tax; Hannah Windsor, tax manager, corporate tax
Project Emerald
Completion Date: 03/08/16 Target: Yellow Brick House Nursery & Yellow Brick Nursery Acquirer: Complete Childcare Deal Value: Undisclosed
Details: Freeths advised the Complete Childcare Group on its acquisition of the Yellow Brick Nursery Group. Complete Childcare has been providing excellent quality nursery care for over 20 years. The acquisition of the Yellow Brick Nursery Group means that it now has 14 settings in and around the Thames Valley
Funding: RBS Corporate Finance Advisers: Critchleys LLP
Legal Advisers: Freeths, Oxford (led by Tom Walker) for the acquirer. HRC Law LLP for the sellers
Next Deadline Monday, January 16 for the February issue
To submit deal data or to advertise on this page contact:
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
14
businessmag.co.uk THE BUSINESS MAGAZINE – SOLENT & SOUTH COAST – DECEMBER 16/JANUARY 17
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28