Recent Deals 2010
May 2010
H DOCHERTY LTD
HW Corporate Finance South East provided transaction support to H Docherty Ltd in their cash and shares acquisition of Independent Components Ltd. The combined group is the UK’s largest independent manufacturer and distributor of flue and chimney products.
April 2010
OASIS FOODS LTD
HW Corporate Finance South East is pleased to announce the sale of Oasis Foods Ltd to Atlantic Foods Ltd. The acquisition makes considerable strategic sense for Atlantic and the deal provided an excellent opportunity for Martin Ebbetts, founder of Oasis, to realise 18 years of hard work. Martin was advised by a team led by Charles Whelan, supported closely by Matthew Wright.
PROJECT ALPHA
HW Corporate Finance North West has provided financial advice to Sovereign Capital for their MBO of 8 Solutions Limited. 8 Solutions is the UK's market leading data-centre deep cleaning provider and is headquartered in Bolsover, Derbyshire. The business' technicians test for and remove contaminants that become imbedded in server racks and within the data-centre environment, thereby minimising the risk of data-centre downtime for clients. HWCF's role was to advise on the deal structure including the selection of the most appropriate debt provider and the optimisation of the institutional equity returns. 8 Solutions is expected to make further acquisitions in this sector.
March 2010
DIGITAL BARRIERS PLC
HW Corporate Finance South East conducted financial due diligence for Digital Barriers Plc on their acquisition of Security Applications Ltd. The deal, with a maximum consideration of £2.5 million, is Digital Barriers first since being listed on AIM. Security Applications Ltd is a UK-based specialist supplier, installer and integrator of thermal imaging equipment for perimeter surveillance, law enforcement and the protection of high-profile target locations.
MBO OF SPECIALIST DESIGN AND ENGINEERING BUSINESS
HW Corporate Finance North West has advised on the MBO of a leading national business in the specialist safety sector. Sean Moriarty and Gregg Pendlington negotiated and structured the transaction which allowed the management team to take control of the business and to implement their own strategic growth plan. Commenting on the transaction Sean Moriarty said;
"Bank appetite for the transaction was very high due to the successful track record of the company which is underpinned by a strong customer base and a highly legislative environment. However we did notice large differentials in the amount, structure, terms and pricing of the debt offers. Part of our role is always to secure the best possible terms for the debt finance and to ensure that it closely meets the client's needs. In addition we always want to ensure that the up front offers are delivered as indicated and this requires a high degree of input and project management from ourselves. Our professionalism and skill secured a superb banking package for this deal and the company is now on a sound footing for further development."
FINANCIAL DUE DILIGENCE FOR A PRIVATE INVESTOR
HW Corporate Finance North West has advised a high net-worth individual on his proposed investment into a specialist doorset manufacturer. Our role was to provide financial due diligence on the target, reporting on the businesses historical and forecast operational trading and cash flows.
PROJECT WINSTON
HW Corporate Finance South West assisted a partnership of medical practitioners in the demerger of their business, providing valuation, accounting and due diligence advice and working closely with a team of other professional advisors to achieve an orderly transfer of the business.
February 2010
CARDIFF MARINE GROUP LTD
HW Corporate Finance South West provided financial due diligence support to Finance Wales Investments Limited and Cooperative Bank in their refinancing of Cardiff Marine Group. CMG operates a 350 berth marina, a marine village / Business Park, storage facilities and a marine parts distribution business in the Cardiff Bay area.
January 2010
HW FINANCIAL SERVICES LTD
HW Corporate Finance South East is delighted to announce the disposal of HW Financial Services Ltd to Bestinvest Ltd. After an initial strategic business review a targeted search led to the emergence of Bestinvest as the preferred buyer. The combined group has more than 150 staff at 20 locations advising over 70,000 clients with £4 billion of assets. HW Financial Services was advised by HW Corporate Finance South East.
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