Corporate Finance Deals
Recent corporate finance deals
Oriel | January 2012
Corporate Finance Partner Danny Varney and Associate Philippa Howard acted for the purchasers of recruitment outsourcing businesses Oriel Support, Oriel Contractors and Oriel Accounting for an undisclosed sum, which completed on 17 January 2012. In addition to the acquisition, Senior Associate Caroline Dawson-Gerrard advised on new banking facilities from The Royal Bank of Scotland Invoice Finance. Energize Capital, the private equity business founded by former Ford Campbell Corporate Finance Partner Jeremy Carr, acquired a majority stake as part of the deal. Oriel provides recruitment agencies with funding, payroll, credit control, umbrella services, and accounting support and also provides administrative support to contractors. The company was founded in 2000, has a gross turnover of around £80 million and employs 35 staff.
Pelydryn Limited | December 2011
In December 2011 Corporate Finance Partner Danny Varney advised the principal investor on the successful £2m fundraising in Pelydryn Limited, a company providing global hydrographic survey services which specialises in gathering data in shallow and coastal waters. Founded by some of the world’s most renowned experts in hydrographic LiDAR, Pelydryn is now in its third year of trading and employs highly qualified experts and IHO Cat A surveyors. www.pelydryn.co.uk.
Ours by Imperial | October 2011
Pannone advised international sanitary ware giant, Imperial Bathrooms, on its multi-million pound purchase of the historic Ideal Standard site in Middlewich. Imperial, which is part of Hong Kong listed HKR International, made the acquisition to resume manufacturing capability to the site, thus creating a number of new jobs for what had historically been one of the town’s biggest employers for more than a century.
Tradebe | September 2011
Pannone advised waste management company, Tradebe, on the acquisition of SRM from HeidelbergCement. The deal was funded by a £26m refinance of the UK group by HSBC Bank Plc.
UK Grid | September 2011
Pannone advised the shareholders of UK Grid Group Limited, a leading provider of carrier neutral data centres and UK colocation solutions, on its £11.7m sale to LSE listed Telecity Group plc.
Leighs Paints | July 2011
Pannone advised the shareholders of the specialist fire protection coatings company, Leighs Paints on the sale to US listed Sherwin-Williams Company for an undisclosed sum.
Lock Inspection Holdings | July 2011
Pannone acted for Lock Inspection Holdings Limited, the supplier of industrial metal detection equipment, and its subsidiary companies on a share buyback and £2.3m refinancing with National Westminster Bank Plc.
CHA Technologies | April 2011
Pannone acted for textile manufacturer, Cha Technologies Group Plc, on a global re-organisation of its filtration business operated under the trading name Advantex International.
Aqua Cure | April 2011
Pannone advised on the demerger of Aqua Cure’s water filtration and injection moulding businesses, and the subsequent sale to Waterlogic International PLC for an undisclosed sum.
Go Outdoors | April 2011
Pannone advised retailer Go Outdoors Limited in connection with 3i’s £28m investment for a minority stake.
Williamson-Dickie Group | March 2011
Pannone acted for the Williamson-Dickie group, the worldwide workwear manufacturer, on the internal reorganisation of its European entities including subsidiaries in Germany, France, Italy and Spain as well as the UK.
Rigby Taylor | March 2011
Pannone acted for the shareholders of Bolton-based turf amenity firm, Rigby Taylor in the £10.2m sale to AIM listed Origin Enterprises.
Admiral Sportswear | January 2011
Pannone advised the purchase on a deal that saw one of the UK’s oldest sportswear brands, Admiral, return to British ownership. The iconic brand was bought by Manchester-based Admiral Sportswear Limited.
Name Your Number | January 2011
Pannone advised Name Your Number on a £1.35m equity investment by YFM and Energize Capital.
Yearsley Group | January 2011
Pannone acted for cold storage and distribution company, Yearsley Group Limited on its purchase of Leeds-based, Ice Pak for an undisclosed sum.