transaction update - annual round-up 2015
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annual round-up of some of our key deals from 2015
private equity and development capital transactions
£9.8million
Le Bistrot Pierre
Acted for the founders of Le Bistrot Pierre in respect of the £9.8m equity investment in the restaurant chain by Livingbridge.
£7.5million
Business Growth Fund
Acted for Business Growth Fund in respect of its equity investment in LCV Hire Solutions Limited.
This calendar year has been another strong and busy year for our corporate finance and banking teams with a continued increase in the quality of deals the team has advised on.
£241million
Gala Bingo
Acted for management on the acquisition of Gala Bingo Holdings Limited for £241m by Caledonia Investments plc.
£25million
Acted for LDC in respect of its investment in Aspin Group Limited.
Lloyds Development Capital
£4.9million
Business Growth Fund
Acted for Business Growth Fund in respect of its £4.9m investment in PPS Equipment Holdings Limited.
£8.2million
Peppermint Technology
Acted for certain management on the MBO of Peppermint Technology Limited funded by Scottish Equity Partners.
£confidential
FLYdocs
Acted for management of FLYdocs Systems Limited on an investment by Growth Capital Partners.
£5million
Acted for the shareholders and management on the MBO of KeTech Group Limited funded by YFM Equity Partners.
KeTech
£confidential
Macintosh Retail Group
Acted for Macintosh Retail Group on the sale of Brantano and Jones Bootmaker to Alteri.
£confidential
Shepherd Direct
Acted for Shepherd Direct Limited in the acquisition of minority stake in Stonebridge Group, funded by the Business Growth Fund.
£4.5million
Business Growth Fund
Acted for Business Growth Fund in respect of its £4.5m equity investment in Bulldog Hotel Group Ltd.
£4.5million
Cursor Controls Ltd
Acted for management and Newco on the MBO of Cursor Controls Ltd, funded by Maven Capital Partners and RBS.
mergers & acquisitions
£18.2million
Loomis
Acted for Loomis on the £18.2m acquisition of the cash logistics business from Sunwin Services Group (2010) Limited, part of the Cardtronic group.
£6.2million
Belvoir Lettings
Acted for Belvoir Lettings plc on its acquisition of Newton Fallowell Limited and £4.2m equity fundraising on AIM.
£confidential
Acted for the management on the MBO of York Mailing Group supported by Pricoa Capital Group.
York Mailing Group
£3.2million
Belvoir Lettings
Acted for Belvoir Lettings plc on its acquisition of Goodchilds Estate Agents and Lettings Limited and £3.26m equity fundraising on AIM.
£8million
Source Bioscience
Acted for Source Bioscience plc on its class 1 acquisition of Select Pharma Laboratories Ltd and £4.4m Main Market equity fundraising.
£310million
Cromwell Tools
Acted for the founder on the sale of Cromwell Tools, the UK’s largest independent MRO distributor to a U.S. listed acquirer.
£confidential
Acted for PCT Healthcare Limited on its acquisition of Medex Health Limited from ABC Drug Stores Limited.
PCT Healthcare
£confidential
Doncaster Metropolitan Borough Council
Acted for the council in respect of the disposal of a portfolio of care homes to Runwood Homes Ltd.
£confidential
Angel Springs
Acted for Angel Springs on the purchase of the entire issued share capital in Greenworks Water Limited.
£confidential
Staffline Recruitment
Acted for Staffline Recruitment Limited on the acquisition of the business and assets of Diamond Recruitment and on the acquisition of Milestone Operations.
£confidential
Fogarty
Acted for the sellers on the sale of the entire issued share capital of Fogarty Holdings Limited.
£confidential
The Real Yorkshire Pudding Co
Acted for the sellers on the sale of The Real Yorkshire Pudding Co Limited.
£confidential
Acted for Shepherd Direct on the acquisition of CP Bigwood following a £20m fundraise financed through Business Growth Fund, current private investors and Yorkshire Bank for this and further acquisitions.
Shepherd Direct
£confidential
Hampton DeanActed for the owners of Hampton Dean on its sale to private bank, Brown Shipley following approval from the Financial Conduct Authority.
Chambers & Partners 2016
“They are very engaged in getting a good conclusion for their client. They think clearly and waste no time.”Legal 500 2015
“Richard Medd and Gavin Cummings are valued for their ‘excellent advice, which is delivered in a clear and refreshingly commercial manner.”
banking transactions
£confidential
Santander
Acted for Santander UK plc on its funding of an MBO of Morris Vermaport (a designer and supplier of lift equipment).
£20million
Raphael Healthcare
Advised specialist healthcare provider, Raphael Healthcare, on a £20 million funding package from HSBC.
£confidential
Santander
We acted for Santander UK plc on the provision of Growth Capital funding for the acquisition of ITM Monitoring Limited.
£confidential
Lloyds
Acted for Lloyds Bank plc on its bilateral lend to Marston’s plc.
The banking team’s recent expertise in relation to debt funding as a result of transactions such as Gala Bingo and York Mailing Group demonstrates our team’s ability to adapt to an ever-changing market. This is an additional string to our bow driven by transactions we have credibly won a role on and something we feel distinguishes us from our competitors.
£confidential
Lloyds
Acted for Lloyds Bank plc in respect of finance borrowing arrangements of pharmacy group, incorporating the refinance of Pillbox Chemists Ltd.
£25million
Yorkshire Bank
Acted for Yorkshire Bank on its acquisition funding into NAHL plc to fund the acquisition of Bush & Co.
talk to us...For more information on any of the mentioned deals or on our team please use the contact details below:
Gavin CummingsPartner and Head of Business [email protected]+44 (0)115 976 6157
Paul RayPartner and Head of [email protected]+44 (0)121 237 3998
£confidential
Acted for Santander UK plc on its funding of a number of breakthrough/growth capital deals to provide development capital/support MBOs.
Santander
Chambers & Partners 2016
“They think outside the box, they’re good value and very approachable.”
£30million
International Motors
Acted for Lloyds Bank plc in respect of providing working capital facilities to support International Motors.
£confidential
Yorkshire Bank
Acted for Yorkshire Bank in respect of its refinancing and providing development capital to the Heathcotes group.