DEALS, MERGERS AND PARTNERSHIPS
L-R: Andy Ryder, Shorts; Stephen Mayor, NatWest; Stacy Phillips, Bullseye; James Burdekin, Keebles; Adam Ames, Shorts and Craig Gray, NatWest Shorts advises on MBO of Bullseye
Chamber patron Shorts recently teamed up with Keebles and NatWest to act as lead advisers, legal representatives and funders to Stacy Phillips on his recent management buy-out of motor parts specialists, Bullseye Superfactors. Bullseye has been supplying car
parts to South Yorkshire and the surrounding areas for over 38 years. Stacy first joined the company in 1989 and for the past six years has been Managing Director, playing an active role in the development and
University forms partnership with CPI
The University of Nottingham has moved a step closer to its goal of commercialising research into developing sustainable chemicals with the announcement of a new partnership with CPI, a founding member of the UK Government’s High Value Manufacturing Catapult. The Green Chemicals Beacon of
Excellence at the university has signed a memorandum of understanding with CPI, one of only six universities to sign such an agreement in the UK. Professor Alex Conradie, Director
of the Green Chemicals Beacon and Chair in Sustainable Processing at the University of Nottingham, said: “This partnership will strengthen the ability of the university and CPI to blur the boundaries between academic research and impactful industrialisation through joint funding applications, human resource exchange and other synergetic projects.”
32 business network July/August 2019
‘We are delighted to have advised Stacy on the successful completion of this transaction’
growth of the business. This culminated in being given the opportunity to put together a management buyout (MBO) when the owners decided to sell. Andy Ryder, Corporate Finance
Partner with Shorts, said: “We are delighted to have advised Stacy on the successful completion of this transaction. This transaction
required key support on tax (David Robinson) as well as corporate finance (Adam Ames) and great teamwork between ourselves, Stacy, Keebles and NatWest. We look forward to seeing Stacy continue to grow the business.” Steve Mayor, Relationship Director
at Chamber member NatWest’s South Yorkshire commercial office,
said: “We are delighted to assist Stacy with funding to complete the MBO of Bullseye and are confident the business will progress under his leadership. It has been a pleasure to work with local professionals on the deal and we wish Stacy every success for the future.” Stacy added: “I will continue to
manage the business, and as far as existing clients are concerned it will be business as usual. I am very excited for the next phase of what promises to be an exciting period for the company.”
New contracts for telecoms firm
Telecommunications specialist Invictus Communications has won contracts with five local businesses. Castle Donington-based Invictus Communications
has been appointed by HUUB, Salloway, PMW Property, Morecrofts and Century Mobile to install new telephony systems. Invictus Communications provides a range of
telecommunications services that are tailored to individual business customers’ need to increase productivity, security and flexibility as well as reducing costs. They benefit from free calls to local,
national and mobile numbers with the flexibility to call and receive calls to the same number remotely via the dedicated Gamma Horizon app. Invictus Communications’ Jonny
McPhee (pictured) said: “Building relationships with other Derby companies has been crucial in our rapid growth since 2016 and growing reputation as
the go-to telecommunications company in the city and county. “These further contract gains are testament to the
fact that the Derby business community is committed to supporting each other. “We all recognise that dealing with other local businesses results in high quality customer service and benefits the local economy.” A spokesperson for PMW Property added:
“We were receiving an extremely poor telephony service from another supplier. “After speaking with other businesses,
Invictus Communications appeared to be the highest recommended company. We have been working with them for around
a month and have been extremely impressed with the professional and reliable service provided. “The changeover has been seamless from start to finish. Nothing is ever a problem and there is always someone at the end of the phone if we need them.”
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