DEALS & MERGERS
Santander supports social enterprises
Santander is renewing its innovative partnership with Crowdfunder to provide additional funding for social enterprises and community projects across the UK. The bank has allocated an additional £200,000 to a second phase of the Santander Changemaker Fund following a successful pilot. Projects that meet the criteria can present ideas on the Crowdfunder website and unlock matched funding if the crowd support the ideas. Sue Douthwaite, Managing
Director of Santander Business Banking, said: “We are delighted to continue our partnership with Crowdfunder. At Santander, supporting the communities in which we operate is integral to our purpose to help people and businesses prosper.”
Fraser Brown Solicitors advises on
Under Armour deal Fraser Brown Solicitors has advised PlayerLayer in connection with its multi-million-pound deal for the sportswear brand to become the exclusive UK licence partner of American sports apparel giant Under Armour. Fraser Brown has advised
PlayerLayer, which supplies sportwear, on the licence terms and related legal issues. As part of the agreement,
PlayerLayer will become known as Dreamsport in its partnership with Under Armour and continue to trade as PlayerLayer in other areas of its business. Corporate Partner at Fraser
Brown, Tom Gray, who worked with PlayerLayer on the deal, said: “PlayerLayer is an emerging prestige brand. It has been a pleasure to act for the business from its inception and see our support help the brand rapidly establish itself in the marketplace. “In taking on the Under Armour
licence, the company will now see a further surge in its progression and we look forward to supporting the business with the opportunities and growth that this will bring.” Chris Bate, Under Armour Vice-
President and Managing Director for Europe, added: "As Under Armour continues to grow across UK and Europe, we aspire to innovate relentlessly in all our sports products and we feel that Dreamsport is the perfect partner to grow our expanding teamwear business.”
16 business network September 2017
Altius VA steams ahead with major rail contract
Derby-based IT specialist Altius VA has been awarded a national contract to support the delivery of supplier assurance services to Network Rail, Transport for London and other major rail companies. The company, which is headquartered at Wyvern Business Park, has been selected to work with RSSB (Rail Safety and Standards Board) to provide enhancements to RISQS (Railway Industry Supplier Qualification Scheme). RISQS is used by Network Rail,
London Underground and 116 other buyers with over 4,300 supplier members throughout the GB rail industry. Altius VA will provide front-end
IT, verification and management services for RISQS, and process management specialist Capita PLC will deliver audit services. Gary Plant, Managing Director of
Altius VA, said: "We look forward to providing a new easy-to-use IT supplier assurance platform – designed to meet the specific needs of the rail industry. This will offer more functionality and the capability to quickly respond to changes in industry requirements.
Gary Plant
‘We look forward to providing a new easy- to-use IT supplier assurance platform’
Altius VA has extensive
experience of using advanced IT systems to provide risk assurance.”
George Bearfield, RSSB Director
of System Safety and Health, added: “We are delighted to have appointed an organisation of the calibre of Altius VA to deliver system enhancements to the RISQS scheme, which is central to the safe and cost- effective procurement of products and services on Britain’s railways."
Cooper Parry completes merger
The testing lab in Livingston
Work completed on Eurofins testing lab
Clegg Group has completed works worth £4m to transform a property in Livingston into high-tech laboratories for Eurofins. World leaders in pharmaceutical, food, feed and environmental testing,
Eurofins will be using the new laboratory to test water and pharmaceutical products. Approximately 40% of the overall 58,000sq ft property has been developed, with plans to expand further over the next three years. As part of the five-month-long renovation, Clegg Group also created high-end staff facilities including office space and staff amenities. Alison Clayton, General Manager at Eurofins, said: “We’ve been very
impressed with the works completed by Clegg Group – we appointed them due to their expertise and experience and they proved to be incredibly proactive and solution orientated.” John Moxon, Business Development Director at Clegg Group, added:
“We’re thrilled with the results and proud to work on such a major development for a company that is so well regarded in its sector.”
Advisory firm Cooper Parry Corporate Finance has completed the sale of communications company Pure Business Services to PMGC, an independent provider of telecoms and technology services, for an undisclosed sum. The deal, the first of its kind
between two Vodafone total communication partners, has created the third-largest independent provider of mobile services in the UK, with more than 70,000 customers and annual revenues of circa £20m. The Cooper Parry Corporate
Finance team was led by Andy Parker and Sabial Hanif, assisted by Philip Rogers in corporate tax. Sabial Hanif said: “This was
a complex deal in a rapidly changing telecommunications market, which continues the trend of successful exits for entrepreneurs and private equity investors.”
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