LATEST DEALS DATA FROM ACROSS


THE REGION Acquisition of Vee Bee


Completion Date: 03/2017 Target: Vee Bee Filtration Acquirer: Signum Technology Group Deal Value: Undisclosed


Details: HMT LLP led by partners Andrew Thomson and Paul Read undertook financial due diligence for private equity backed Signum Technology Group on its acquisition of filtration equipment manufacturer Vee Bee Filtration


Legal Advisers: Travis Smith Financial Due Diligence: HMT Commercial Due Diligence: AMR International


Project Chelsea


Completion Date: 03/17 Target: Thompson & Morgan Group Holdings and its subsidiaries


Acquirer: BVG Group Deal Value: Undisclosed


Details: BVG (a multi-channel retailer of sporting supplements, fishing tackle, footwear and clothing, as well as home and garden products) has acquired 100% of the share capital of Thompson & Morgan. T&M is the leading horticultural brand in the UK, selling young plants, bulbs, nursery stock plants, flower and vegetable seeds, fruit, potatoes and garden accessories. It sells through a variety of channels including catalogue, online, retail, readers offers and promotions and TV shopping


Funding: HSBC Legal Advisers: Coffin Mew LLP Financial Due Diligence: Grant Thornton Commercial Due Diligence: BVG


Refinancing of Sohonet


Completion Date: 06/04/2017 Deal Value: £4.5 million


Details: HMT LLP led by partner Chris Gow and senior manager Adrian Howells advised global cloud solutions provider Sohonet Group and FPE Capital on the refinancing of the business


Funding: Clydesdale Bank Corporate Finance Advisers: HMT Financial Due Diligence: Alvarez & Marsal Commercial Due Diligence: Alvarez & Marsal


Cynergie UK


Completion Date: 31/03/17 Target: Cynergie UK Acquirer: Davies Group Deal Value: Undisclosed


Details: Davies Group, the third party administrator and outsourcing group, has acquired Cynergie, in its first acquisition since HGGC took a majority stake in the business.


Cynergie provides outsourced regulatory and complaints management services across regulated verticals, such as: insurance, financial services, utilities, and to ombudsmen and regulators


Corporate Finance Advisers: BCMS (adviser to target) Legal Advisers: Freeths (legal adviser to target)


Steele Raymond advises Arden on acquisition of communications firm


Dorset commercial solicitors Steele Raymond LLP has advised Arden Communications Group on its multi-million pound acquisition of a Midlands- based IT and communications firm. Arden completed the seven-figure acquisition of Birmingham-based communications firm Computerworld Business Solutions (CBS).


The transaction becomes the fourth acquisition by Arden in the past three years and continues its significant growth having previously acquired two other IT and telecommunications businesses, Unitycomm and Page IT Solutions, in 2015.


CBS, established in 1982 in Birmingham, specialises in highly technical IT services, infrastructures, communications, virtualisation and security.


The integration of CBS significantly strengthens Arden Group’s ability to deliver cutting-edge IT and telecom solutions to all sizes and sectors of businesses across the UK and globally.


A legal team from leading Bournemouth commercial solicitors Steele Raymond advised Arden, a longstanding client of the firm, on the acquisition of both businesses including corporate, banking and finance and commercial property matters.


The transactions were led by partner and company and commercial solicitor Nick Davies, who has extensive experience in acting for IT and technology clients, as well as across a wide range of other sectors.


Moore Blatch advises SecureData on cybersecurity acquisition


SecureData, a leading cybersecurity services and solutions provider, has acquired cybersecurity company, Cygnia Technologies, with the legal advice being provided by Southampton-based Moore Blatch.


The acquisition of Cygnia Technologies by SecureData sees two of the leading cybersecurity companies in the UK come together. With over 210 employees, including 150 cybersecurity professionals, SecureData, operates across the UK and selected overseas markets, providing services to approximately 1000 customers. Cygnia Technologies was established in 2007 and provides IT security solutions to some of the most secure organisations in the UK.


Moore Blatch provided the legal support to SecureData with the transaction led by partner Peter Jeffery, who was assisted by associate solicitor Thomas Clark. The transaction also involved the commercial, employment and property teams, headed by partners John Warchus and Katherine Maxwell.


This transaction comes off the back of a successful 18 months of corporate transactions in the digital and technology sectors for Moore Blatch, with Jeffery himself completing deals worth over £250 million.


Next Deadline Monday, June 5 for the July/August issue


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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 – MAY/JUNE 2017


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