deals update
LATEST DEALS DATA FROM ACROSS
THE REGION Acturis acquires ICE InsureTech
Completion Date: 11/2017 Target: ICE Insuretech
Acquirer: Acturis Group Deal Value: Undisclosed
Details: HMT LLP, led by partner Paul Read, undertook financial due diligence for leading insurance software provider Acturis on its acquisition of the ICE suite of insurance software products from Hubio Technologies
Corporate Finance Advisers: Spectrum Corporate Finance Legal Advisers: Dorsey & Whitney Financial Due Diligence: HMT
Shaw Healthcare secures £10 million Bridges Evergreen investment
Completion Date: 16/11/2017 Target: Shaw Healthcare
Acquirer: Bridges Evergreen Deal Value: £10m
Panoramic Growth Equity investment in chemical manufacturers
Completion Date: 01/11/17 Target: Majestic Polymers and DSA Chemicals Investor: Panoramic Growth Equity Deal Value: Undisclosed
Details: Pitmans Law advised Panoramic Growth Equity, the leading equity investor in fast-growing, entrepreneurial companies, on its investment in Majestic Polymers and DSA Chemicals
Legal Advisers: Pitmans Law (for Panoramic) – Sean Kelly, Oliver Kelly, Jennifer Evans, Laura Wheeler, Francesca Lo, John Newton, Jonathan Gray, Sonya Kumar, Olivia Mulvany
Financial Due Diligence: Consilium Chartered Accountants – David Holt and Linzi Wilson
Tax Advisers: Phillip Hare and Associates
Corporate Finance Advisers: Jeremy Cole of Manchester based Cole Associates Corporate Finance Debt Funding: HSBC – John Gibson
Project Haddock
Completion Date: 13/11/17 Target: Hotdocs Acquirer: Abacus Data Systems Inc Deal Value: Undisclosed
MBO of Rowan International
Redstor Holdings investment from Beech Tree Private Equity
Completion Date: 20/11/17 Target: Redstor Holdings Acquirer: Beech Tree Private Equity Deal Value: Undisclosed
Details: International legal practice Osborne Clarke has advised the shareholders of Redstor Holdings, a leading provider of cloud data management software as a service, on an investment by Birmingham-based Beech Tree Private Equity. The investment will be used to accelerate product development and to support complementary acquisitions
Corporate Finance Advisers: Oakley Advisory
Legal Advisers: Osborne Clarke – shareholders of Redstor Holdings. Eversheds Sutherland – Beech Tree Private Equity
Project Bolt
Completion Date: 24/11/17 Target: Building Supplies Online Acquirer: Cairngorm Capital Partners LLP Deal Value: Undisclosed
Details: RSM UK provided financial and tax due diligence on Cairngorm Capital's investment in Building Supplies Online, a building products ecommerce business
Project Plover
Completion Date: 01/12/17 Target: Lakeview Computers Group Acquirer: Kerridge Commercial Systems Deal Value: Undisclosed
Details: RSM UK provided financial due diligence on the acquisition of Lakeview Computers Group by Kerridge Commercial Systems
Financial Due Diligence: RSM: Peter Vandervelde, partner; Thorin Ward, associate director
Legal Advisers: Squire Patton Boggs
Financial Due Diligence: RSM: David Copley, partner; Alex Milne, associate director; Michelle Harris, partner, corporate tax; Hannah Windsor, manager, corporate tax
Completion Date: 12/2017 Target: Rowan International Deal Value: £2 million
Details: HMT LLP, led by partner Paul Read and manager Tom Bradbury undertook financial due diligence for Connection Capital on its investment in Rowan International to support the management buyout
Funding: Connection Capital Legal Advisers: Gateley plc Financial Due Diligence: HMT
Sale of Key2 to Horizon Care & Education
Completion Date: 25/10/17 Target: Key2 Acquirer: Horizon Care & Education Deal Value: Undisclosed
Details: Key2, which works with young people across the south of England who have left local authority care by providing housing and support, has been acquired by Horizon Education & Care, which provides housing and education to young people, managing 40 homes as well as six schools
Legal Advisers: Pitmans Law – Stephanie Perry, John Hutchinson, Jasmine Murphy, Richard Tweed and Amy Murphy
Details: RSM Corporate Finance provided financial due diligence services to support the acquisition of HotDocs, a global leader in document automation
Financial Due Diligence: RSM: David Copley, partner; Christian DeLisio, director; Jordan da Silva Carias, associate; Michelle Harris, partner, corporate tax; Hannah Windsor, manager, corporate tax
Details: Employee-owned care provider Shaw Healthcare has secured a £10m minority stake investment from Bridges Evergreen which will help to support Shaw’s long- term growth plans. Shaw offers a range of residential and domiciliary care services. Bridges Evergreen is a permanent capital vehicle managed by Bridges Fund Management. KPMG introduced the two parties
Corporate Finance Advisers: Tim Spooner and Howard Thompson, KPMG Corporate Finance
Legal Advisers: Rob Cherry, Blake Morgan
Financial Due Diligence: RSM UK: Nick Williams, partner; Rebecca Guerin, partner; James Harris, manager; Will Campbell, executive; Raj Sangha, associate director; Michelle Harris, partner, corporate tax; Gareth Williams, manager; Deborah Parks-Green, associate director; Roger Barnard, director
Project George
Completion Date: 08/11/17 Target:
S.A.Brain & Company portfolio Acquirer: Butcombe Brewery Deal Value: Undisclosed
Details: RSM UK provided financial due diligence services to Butcombe Brewery on its trade and assets acquisition of eight pubs located across the west of England from
S.A.Brain & Company
Financial Due Diligence: RSM: Peter Vandervelde, partner; Philip Rossiter, director; James Harris, manager ; Will Campbell, executive
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THE BUSINESS MAGAZINE – JANUARY/FEBRUARY 2018
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