deals
10 deals of HMT – the disposal of Swift Worldwide
To celebrate its 25th anniversary of leading corporate finance deals, HMT is reminiscing on 10 notable transactions from its archives. Having completed over 500 deals, producing a shortlist of 10 has not been easy but advising on the disposal of Swift Worldwide Resources to US buyer Wellspring is one of our biggest deals, and as such has certainly made the list
The relationship with Swift dated back to 2006, when partner Ian Barton advised private equity investor Gresham on its investment in Swift. By 2012, following a period of oil price fluctuations, a sale was planned but Swift’s management team needed support in the process while allowing it to continue running the business.
Working with CFO James Dymott and Gresham, Barton supported the team through the disposal and
also on a re-investment alongside Wellspring in a secondary buyout.
With Swift’s management team spread around the globe, liaising across the time zones while continuing to be responsive was critical to ensuring a successful outcome. With a deal value in excess of £100 million the disposal of Swift remains one of the biggest deals HMT has advised on in its 25 year history.
Dymott noted: “We worked with Ian and HMT over the course of 12 months on this complicated deal, and his advice was excellent and always timely and well-constructed. Ian worked proactively with all our advisers and equity partners to deal with issues expeditiously, which helped us achieve the outcome we did.”
Swift established itself as one of the global leaders in its market and in 2016 merged with AirEnergi, to become a $1 billion turnover global workforce solutions provider based in over 50 locations rebranded as AirSwift.
hmtllp.com
James Dymott
“Responsive,credible and knowledgeable”
Project Leo
Completion Date: 23/11/17 Target: Call Vision Technologies and Emercom Acquirer: Capita plc Deal Value: Undisclosed
Details: RSM UK provided financial due diligence on Capita's acquisition of Call Vision Technologies and Emercom
Financial Due Diligence: RSM: Peter Vandervelde, partner; David Copley, partner
Project Snowdon
Completion Date: 01/12/17 Target: Gatehouse Consulting Acquirer: Risk & Reward Group (Holdings Deal Value: Undisclosed
Details: RSM UK provided financial due diligence on Risk & Reward Group (Holdings') acquisition of Gatehouse Consulting
Corporate Finance Advisers: Steve Brown, Haines Watts Corporate Finance
Financial Due Diligence: RSM: Peter Vandervelde, partner; Philip Rossiter, director; Maya Panova, associate director
Next Deadline Monday, February 12 for the Mar/Apr issue
To submit deal data or to advertise on this page contact:
steve@elcot.co.uk
Elcot Publications is not responsible for the accuracy of information in the Deals Update section which is supplied by individual firms
THE BUSINESS MAGAZINE – JANUARY/FEBRUARY 2018 Project Hugo
Completion Date: 13/11/17 Target: Smiths of Smithfield Acquirer: Young & Co's Brewery plc Deal Value: Undisclosed
Details: RSM UK provided financial due diligence on Young & Co's Brewery's acquisition of Smiths of Smithfield
Financial Due Diligence: RSM: Peter Vandervelde, partner; Will Campbell, executive; Gary Shortman, tax partner; Simon Adams, associate director; Georgie Bole, associate director
Project Churchill
Completion Date: 05/12/17 Target: Education Personnel Management Acquirer: Citation Holdings Deal Value: Undisclosed
Details: RSM Corporate Finance LLP provided vendor due diligence in respect of the sale of Education Personnel Management to Citation Holdings
Corporate Finance Advisers: Grant Thornton Financial Due Diligence: RSM
businessmag.co.uk
29
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
