DEALS & MERGERS IN BRIEF
Gary Springall
BrightBridge acquires Clear ERP
A software solutions company, based in Leicestershire, has become one of the largest providers of enterprise resource planning system (ERP) NetSuite in the UK, thanks to a new acquisition. BrightBridge Solutions is on
target to achieve an annual turnover of £2.5m by the end of the financial year and has acquired Clear ERP, a similar NetSuite ERP solutions provider, in Reigate, Surrey. The acquisition sees
BrightBridge Solutions gain over 20 new NetSuite customers with potential to grow its customer base further, improving its geographical coverage with the Clear ERP office in Reigate. Gary Springall, Managing
Director of BrightBridge Solutions, said: “We are delighted to welcome the team at Clear ERP, their customers and partners to the BrightBridge family. We are excited about working with them and bringing new and complimentary skills to the organisation.”
Arena Events Group celebrates acquisition
Arena Events Group has expanded its product portfolio with the acquisition of specialist furniture hire business GLD Productions. The largest UK-owned event
production supplier, Arena has bought GLD Productions with all stock and staff being incorporated into the Group’s Spaceworks Furniture Hire division. Grahame Muir, CEO, said:
“Since our 2017 stock market flotation we have been looking to strengthen our offering to clients, which this acquisition certainly will. The addition of new products and a very experienced and talented team will help deliver the growth we believe is possible within this sector. “Our ability to continue supporting the live music sector remains a very important cornerstone of this business unit. We are delighted with this outcome and the opportunity to widen our offering within the live events marketplace.”
22 business network March 2018
L-R: Rt. Hon. Dr Liam Fox, Secretary of State for International Trade, UK; Kaisi Li, Deputy General Manager of
JD.com Worldwide; Jose Manuel Mateu de Ros, Head of Strategic Partnerships, Santander and Winston Cheng, President of International,
JD.com
Santander partners with
JD.com
Santander UK has announced an official commercial partnership with e-commerce giant
JD.com. It follows the signing of the MOU with Santander back in June 2016, where both parties pledged to work together to provide increased and easier access to the Chinese e-commerce market.
JD.com is China’s largest retailer
and offers international merchants the ability to tap into the Chinese market without a need to be physically present in China.
It offers immediate access to its
base of more than 266.3 million active customers and a renowned and comprehensive logistics network. Since the signing of MOU, a
carefully selected group of Santander’s customers have started on this new journey. Santander has been facilitating a range of support services to these UK SMEs using
JD.com Worldwide’s cross-border e- commerce platform.
Spearing Waite gets a slice of the action
Spearing Waite’s corporate and real estate teams have acted for Domino’s Pizza on its £24m acquisition of a 75% stake in its largest London franchisee, with 25 stores. Domino’s will be working in
partnership with the franchisee which will enable DPG to take advantage of the significant growth opportunity in the London area. The venture gives Domino’s a platform for accelerated growth in the most important market in the UK and Domino’s expects to increase the store portfolio from 25 to around 40 over the medium term. Spearing Waite’s team was led by
Corporate Partner Oliver Brookshaw (pictured). The real estate side of the transaction was dealt with by Partner Erin Vickers. Oliver said: “It was a
pleasure to act for Domino’s and to be involved in the start of a new partnership between them and a key franchisee. We look forward to working with Domino’s as it continues with its UK growth plan.”
Iain Hibbert
Roythornes acts on prestigious sale
Thames Wharf Studios, one of Hammersmith’s most desirable commercial property complexes, has been sold by Thames Wharf - whose major shareholder is London & Regional Properties – to an undisclosed buyer for a significant eight-figure sum. Located on the north bank of the
River Thames, the mixed-use scheme totals 46,706sq ft across six buildings and generates an annual rental value of more than £2.2m. Iain Hibbert, Associate at
Roythornes Solicitors, acted on the sale of Thames Wharf Studios for Thames Wharf. He said: “Our appointment shows
the outstanding legal expertise outside the capital and we were delighted to have the opportunity to prove our quality against London- based international firms.”
John Carroll, Head of
International Business at Santander Corporate & Commercial Bank, said: “Facilitating these connections between customers and business opportunities (across borders) is the essence of what we’re trying to do. We are thrilled to announce our official partnership with
JD.com, which allows our SME customers to start selling their products in China via
JD.com Worldwide’s extensive network.”
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