DEALS & MERGERS
Firm advises sale of WT Parker Group
Midlands advisory firm Cooper Parry Corporate Finance has advised the shareholders of WT Parker Group, a mechanical, electrical and process engineering services business, on the sale of the company to Edwin James Holdings (EJH). The deal, which sees EJH,
backed by private equity fund Aliter Capital, acquire 100% of the share capital of WT Parker Group, will expand EJH’s geographical footprint and create a business with combined revenues of circa £110m and just under 1,000 staff. The sale price is undisclosed. WT Parker has been owned
by the Parker family for more than 90 years. The family owners are no longer involved in the day-to-day running of the business and will exit completely. Phil Hinson, from Cooper
Parry Corporate Finance, said: “As a firm, we have worked with WT Parker for a number of years and are delighted to have used our in-depth support services sector knowledge and private equity expertise to advise on a deal which positions the company for the next stage of its development.” Legal advice to the
shareholders was provided by Geldards. DWF and BDO advised Edwin James Holdings.
University raises a glass to new partnership
The University of Nottingham has agreed a new partnership with Molson Coors Brewing Company UK & Ireland, which will see staff at both organisations working more closely with each other in the future. Molson Coors has a long
association with The University of Nottingham and has been involved in various collaborations in the past, including funding a PhD student whose research paper on flavour stability in beer was presented at the European Brewing Convention congress 2015 in Porto. Under the new agreement,
Molson Coors will work with the university to support innovation and developing talented people through their MSc programme to enter the brewing industry. One of the first initiatives will
involve a funding award for full- time MSc Brewing Science students, covering 50% of their course fee and giving them the opportunity to undertake a three- month project at Molson Coors’ Burton brewery. The award will be given to up to two students every year for the next three years. Future collaborative projects are
also being explored, including research, student placements and guest lectureships. Molson Coors Brewing Company
is the third largest brewer in the world, with a strong presence in the US, Canada, Europe, and a further presence in nearly 80 other countries.
The Bioenergy and Brewing Science Building at the University of Nottingham
‘This partnership is a win-win for both parties’
Ryan Keyworth, Director of
Research and Enterprise at the University of Nottingham, said: “It’s fantastic that The University of Nottingham and Molson Coors have agreed to work together. When a forward-thinking business like Molson Coors teams up with academic experts and talented students, innovation is likely to happen. “This partnership is a win-win for
both parties - Molson Coors get access to cutting edge research expertise and academic thinking and our staff and students get the opportunity to apply their ideas to
the real world and access state-of- the-art commercial brewing facilities.” Roddy McEwan, Molson Coors’
Global Brewing Process Innovation Director, said: “At The University of Nottingham, the quality and quantity of brewing research is extremely high. I am also impressed by the professionalism of its staff, it’s always a pleasure to work with them.
“Molson Coors can offer fantastic
collaboration opportunities for staff and students to develop careers and meaningful links with the industry. We want to open our doors to The University of Nottingham, providing access to state-of-the-art facilities at our brewery in Burton upon Trent, the largest brewery in the UK.”
Cricket partnership with a view for Air-IT
Award-winning IT and Communications provider Air-IT has renewed its sponsorship deal with Derbyshire County Cricket Club for the 2017 season. With its head offices in Nottingham, the deal is one of several key strategic partnerships to strengthen the company’s presence in Derby and the wider East Midlands region. Air-IT gained significant exposure from its first year as a sponsor of
Derbyshire last season. With branded signage across the entire width of the player’s balcony at the 3aaa County Ground, the company was visible to sell-out home crowds, and featured on Sky Sports for a number of fixtures during 2016. Following an investment of £2m to improve facilities and now into its
second phase of development, further improvements at Derbyshire are well underway, which makes for an exciting time to be involved with the club. Air-IT’s Marketing Director, Paul Judge, said: “We are proud to partner
the club during this period of growth and improvement and to retain our prominent signage moving into our second year as sponsors. “We’re really looking forward to building on our existing relationship with
Derbyshire CCC and wish them every success throughout the remainder of the season and beyond.” Ryan Duckett, Commercial Director at Derbyshire CCC, added: “It is great
to have Air IT on board once again as one of our partners and 1870 Business Club members. We have an exciting summer ahead and we are very grateful for their support.”
14 business network June 2017
L-R Jeevan Mendis (DCCC), Paul Judge (Air-IT Marketing Director), Laura Saxton (Air-IT Marketing Manager), Shiv Thakor (DCCC)
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