deals update
LATEST DEALS DATA FROM ACROSS
THE REGION Acquisition of Tru Solutions
Completion Date: 05/2017 Target: Tru Solutions Acquirer: TFM Networks Deal Value: Undisclosed
Details: HMT LLP led by partner Paul Read advised connectivity service provider TFM Networks on its acquisition of Tru Solutions supported by Santander Corporate and Commercial
Funding: Santander Financial Due Diligence: HMT
Project Orinoco
Completion Date: 12/05/17 Target: First Mile Acquirer: Growth Capital Partners and management Deal Value: Undisclosed
Details: RSM Corporate Finance provided financial, tax and IT vendor due diligence services to support the investment in First Mile by Growth Capital Partners
Corporate Finance Advisers: Ashcombe Advisers (M&A advisers to the owners of First Mile)
Financial Due Diligence: RSM: Nick Williams, partner; Peter Vandervelde, partner; Alex Milne, associate director; Alex Coaton, analyst, Michelle Harris, partner, corporate tax; Chris Knowles, partner, technology advisory
Commercial Due Diligence: Parthenon Sale of Mambo-Tox
Completion Date: 22/05/17 Target: Mambo-Tox Acquirer: Cawood Deal Value: Undisclosed
Share buyback and transfer
Completion Date: 26/05/17 Target: Safe N Sound (Uxbridge) shareholders Acquirer: Safe N Sound (Uxbridge) Deal Value: £450,000
Details: One of the company’s two shareholders sold his entire issued shares in the company to the company (by way of a share buyback) and to the other shareholder, so that on completion the company had one remaining shareholder
Legal Advisers: Victoria Holland, corporate and commercial partner, B P Collins
Details: Freeths advised the shareholders of Mambo-Tox, a specialist terrestrial ecotoxicology, on the sale to Cawood Scientific, the UK’s largest independent provider of analytical laboratory testing services for land-based industries
Legal Advisers: Freeths, Oxford (Leon Arnold and Malin Svanberg Larsson – corporate; Claire Boyce – tax)
Deal Advisers: BCMS Acquisition of GP Group of Companies
Completion Date: 09/03/17 Target: GP Group of Companies Acquirer: Integrity Print Deal Value: Undisclosed
Porta Communications secures funding from Clydesdale
Completion Date: 06/2017 Target: Nu-Heat Acquirer: Management team Deal Value: £3.3 million
Details: HMT LLP led by partner Chris Gow and associate director Adrian Howells helped international communications and marketing group Porta Communications plc to secure £3.3m funding facilities from Clydesdale Bank
Funding: Clydesdale Bank Corporate Finance Advisers: HMT Legal Advisers: Osborne Clarke and DWF
Details: Freeths advised Integrity Print on the acquisition of G.P. Group of Companies. Founded in 1917, Integrity Print is a leading provider of a diverse range of print products and services using unrivalled manufacturing firepower to provide outstanding printing solutions
Legal Advisers: Freeths, Oxford (Malin Svanberg Larsson – corporate)
Sale of Brook Graham
Completion Date: 24/05/17 Target: Brook Graham Acquirer: Pinsent Masons Deal Value: Undisclosed
Details: Freeths advised the shareholders of Brook Graham Limited, a market-leading diversity and inclusion consulting company, on the sale to international law firm Pinsent Masons
Legal Advisers: Freeths, Oxford (Leon Arnold and Malin Svanberg Larsson – Corporate; Claire Boyce – tax)
Marco Cable Management
Completion Date: 23/05/17 Target: Marco Cable Management Acquirer: Atkore International (USA) Deal Value: Undisclosed
Details: Atkore International has acquired Marco Cable Management, a leading U.K. designer and manufacturer of wire cable tray and PVC trunking. New York-listed Atkore delivers a unique portfolio of integrated electrical raceway solutions, with 3,100 employees and 52 manufacturing and distribution sites worldwide
Corporate Finance Advisers: Target adviser: BCMS (Alan Southcombe)
Legal Advisers: Freeths LLP Results Squared
Completion Date: 23/05/17 Target: Results Squared Acquirer: IRIS Software Group Deal Value: Undisclosed
Details: IRIS Software Group has acquired Results Squared, the software developer behind one of the most successful school messaging apps in the UK. High Wycombe-based IRIS is a market leader in business critical software, and has recently expanded into the education sector
Corporate Finance Advisers: Target adviser: BCMS (Alan Southcombe)
Legal Advisers: Brodies LLP
Sale of General Advertising & Marketing Measurement & Analysis Associates
Completion Date: 08/02/17
Target: General Advertising & Marketing Measurement & Analysis Associates Acquirer: mTAB Holdings Deal Value: Undisclosed
Details: The technology team at Transcend Corporate, led by partner Ian Aldridge, has completed the sale of General Advertising & Marketing Measurement & Analysis Associates (GAMMA) to mTAB Holdings, part of the US-based mTAB Group. GAMMA is a provider of leading software for the analysis and visualisation of survey research
Corporate Finance Advisers: Transcend Corporate Legal Advisers: Gateley plc Financial Due Diligence: Kingston smith LLP
Debt raise for Automated Systems Group
Completion Date: 02/06/17 Target: Automated Systems Group Deal Value: Undisclosed
Details: Spectrum Corporate Finance has successfully advised Automated Systems Group (ASL) and Mobeus Equity Partners on a debt raise through Santander Growth Capital to assist the continuing acquisition strategy of the business and provide working capital facilities
Funding: Santander Growth Capital
Commercial Due Diligence: Spectrum Corporate Finance – Ian Milne and Simon Sherliker (debt advice to management and Mobeus)
Project Angram
Completion Date: 19/05/17 Target: Acquisition of the entire issued share capital of Brewday (holding company of Angram)
Acquirer: ADS2 Holdings (UK subsidiary of Celli SpA) Deal Value: Undisclosed
Details: The Celli Group (an Italian company and leader in beverage dispensing systems and accessories) acquired Angram, a UK specialist in the manufacturing of traditional draught ‘cask’ beer pump systems and generic and bespoke fonts. The acquisition strengthens the Celli Group’s position in the UK market and will increase revenue in excess of €100 million in 2017
Funding: HSBC Bank plc
Legal Advisers: IBB solicitors for the buyer; Raworths LLP for the sellers
Financial Due Diligence: KPMG LLP Commercial Due Diligence: 121 Advisory
Refinancing of Kynetec Group
Completion Date: 15/05/17 Target: Kynetec Group Deal Value: Undisclosed
Details: Spectrum Corporate Finance has successfully advised Kynetec Group and Inflexion on a debt raise through Lloyds Bank to refinance the business
Funding: Lloyds Bank
Commercial Due Diligence: Spectrum Corporate Finance – Ian Milne and Simon Sherliker (debt advice to management and Inflexion)
18
businessmag.co.uk
THE BUSINESS MAGAZINE – JULY/AUGUST 2017
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 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64
