search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
deals 10 deals of HMT – the MBO of Sportsworld


At HMT, we have advised hundreds of entrepreneurs on how to realise their business ambitions over the past 25 years. Having completed over 500 deals, producing a shortlist of 10 has not been easy, but the management buyout of Sportsworld Group and association with Chad Lion-Cachet is certainly on the list


Sportsworld is a leading UK corporate hospitality, events management and sponsor services provider, creating, delivering and managing world-class events for over 35 years.


Lion-Cachet joined Sportsworld as managing director in October 2003 after several years working in New York and the City in a variety of senior management roles and led the sports, media and entertainment division of global professional services firm Marsh & McLennan.


In 2004, Lion-Cachet initiated the opportunity to lead an MBO of Sportsworld. He was introduced to HMT and he was impressed by the firm’s credentials and deal activity in the event and sports hospitality sector. He appointed HMT to full buy-side advisory services to acquire the business. HMT advised Lion- Cachet on the deal structure as well


as identifying both debt and equity funding options. In December 2004, he acquired the full share capital of Sportsworld.


Following further acquisitions supported by HMT and after years of successful growth, Lion-Cachet saw the opportunity to sell the business and called on HMT to assist him in the disposal process. HMT supported Lion-Cachet throughout the entire sale process and in April 2008, TUI Travel plc acquired Sportsworld, providing investors with a good return on investment.


Lion-Cachet stayed at Sportsworld as chief executive until after the London Olympics in 2012 when the company posted a record turnover in excess of £30 million. He was then promoted to chief executive of the Events International Group, TUI’s event division that at its peak had a portfolio of 14 businesses.


Lion-Cachet left TUI in December 2016 to establish an integrated event services group and once again turned to HMT for support. With his strong experience of the events industry, Lion-Cachet identified the right platform business on which to implement his buy-and-build strategy and HMT advised Lion-Cachet on his management buyin of leading event and creative agency Smyle Creative in April 2018. HMT identified private equity firm Rockpool Investments


Chad Lion-Cachet


“HMT is proactive and hands-on, getting deals done.”


as the right funding partner to support the acquisition and Lion- Cachet was appointed executive chairman. Its ambition is to take advantage of increasing growth in the ‘experience economy’ and in addition to developing organic growth, build the service proposition and scale of the business through complimentary acquisitions.


hmtllp.com


To ensure that your corporate finance deals are seen by the dealmaking community throughout the year (more than 20,000 online readers and 7,000 social media followers per month) book your deals update space now


To book your deal, email peter@elcot.co.uk To see the latest deals visit businessmag.co.uk/deals-update-home


32


businessmag.co.uk


THE BUSINESS MAGAZINE – JULY/AUGUST 2018


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  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80