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December 2009
PROJECT GREEN
HW Corporate Finance South West provided due diligence services to a local authority in connection with establishing the likely capacity of a national house builder to fulfil a pre-existing contract between it and the local authority to redevelop a significant, strategic site. The house builder had experienced a number of financial challenges during the recent economic difficulties which called into question its capacity to complete the required work. HW Corporate Finance provided a report on the current financial position of the business and the adequacy of its funding arrangements.
November 2009
BARTELL CONTRACT FURNISHINGS LIMITED
HW Corporate Finance North West acted for Bartell Contract Furnishings Limited in its acquisition of Cottage Contract Furnishers. Bartell is an existing audit client of HW and in addition to this we provided lead advisory services including deal negotiation, structuring and arranging a tailored debt funding package provided by the Royal Bank of Scotland ("RBS"). The deal expands Bartell's geographic presence from its Manchester base to the North East.
PLC MICHELMERSH BRICK HODINGS PLC
HW Corporate Finance South West provided due diligence services to Michelmersh Brick Holdings PLC in connection with the acquisition of Freshfield Lane Brickworks Limited. Michelmersh is a quoted manufacturer of handmade and machine made clay facing bricks, paviors and roof tiles. It also operates an inert landfill site in Telford. Its acquisition of Freshfield lane provided Michelmersh with additional brick making capacity and clay reserves in a strategic location.
October 2009
RESEARCH AND MARKETING LTD
HW Corporate Finance South West advised the management team of Research and Marketing Limited in connection with the buy-out of Research and Marketing Limited. Research and Marketing is a long established direct mailing and telephone / field based research agency with a wide portfolio of public and private sector clients. Funding was provided by Finance Wales Investments Limited and Bank of Scotland.
September 2009
TRAVELZEST PLC
HW Corporate Finance South East is pleased to announce the successful refinancing of Travelzest Plc, the AIM listed travel business with interests in the UK and Canada. HW Corporate Finance conducted financial due diligence for Barclays Bank and Travelzest Plc on the deal. Travelzest's senior debt was refinanced and an additional £5.7 million was raised in a rights issue.
August 2009
SYPOL LIMITED
HW Corporate Finance North West provided deal support to Sovereign Capital on their IBO of Sypol Limited. The Company (which is based in Aylesbury, Buckinghamshire) is a leading provider of health, safetly and enviromental risk management services. The investment will be used as a platform by Sovereign Capital who are seeking 'bolt-on' acquisitions for it.
May 2009
PROJECT CHIEF
HW Corporate Finance (South West) provided strategic exit advice to the shareholders of ‘Chief’. HWCF also assisted the shareholders to identify and recruit a prospective management buy-in candidate to work alongside the company as part of a planned exit strategy.
April 2009
GUILDFORD CLINIC
HW Corporate Finance (South West) acted for the Guildford Clinic, a joint venture between Nuffield Health and a group of medical consultants, in securing significant bank borrowings to complete a £20m development of a new day care facility providing diagnostic and treatment services across a range of medical specialisms.
GREEN CO² PLC
HW Corporate Finance Manchester acted as Reporting Accountants to Wyatt Group plc’s acquisition of the entire issued share capital of Innovative HIP Limited and Commercial Energy Performance Pack Limited, by way of reverse takeover. Wyatt is an AIM listed provider of integrated human resource and employee benefits consultancy services, whilst the acquired companies provide energy performance certificates and related services to the commercial, public sector and domestic property markets. Upon re-admission to AIM, the group was renamed GreenCO² plc
CREATING CAREERS LIMITED
Corporate Finance North East helped secure an undisclosed funding to enable the expansion of Creating Careers Limited. HW Corporate Finance secured the funding through the new Government backed Enterprise Finance Guarantee (“EFG”) scheme with support from The Royal Bank of Scotland (“RBS”).
Creating Careers is the UK’s leading developer and supplier of accredited national qualifications to the further education sector through its Vision2learn brand.
March 2009
PRODUCE WORLD LIMITED
HW Corporate Finance South East advised Produce World Limited on the successful disposal of British and Brazilian, a £40 million fresh fruit business, to AG Thames. Produce World is a supplier of high quality vegetables to many of the UK's supermarkets.
MIKE FENWICK QUALITY CATERING BUTCHERS
HW Corporate Finance North East advised on the undisclosed funding package to enable Mike Fenwick Quality Catering Butchers to restructure the business and relocate to new purpose built, EU approved premises. The business was operating at full capacity at its existing base, so a move to new premises was needed to enable future growth, create new jobs and provide the space to help expand the product range. The project was fully supported by the Rural Development Programme for England (“RDPE”).
Mike Fenwick Quality Catering Butchers supplies meat to hotels, restaurants, pubs, golf clubs, nursing homes and industrial caters right across the North of England.
February 2009
UNIVERSITY OF GLAMORGAN
HW Corporate Finance (South West) acted for the University of Glamorgan in raising £20m of bank funding to enable the development of additional halls of residence on the university campus.
January 2009
CATERMASTERS CONTRACT CATERING
HW Corporate Finance (South West) provided due diligence services to Catermasters Contract Catering and Royal Bank of Scotland in connection with Catermasters' aquisition of the In House Catering Company. Catermasters is a well established contract caterer providing clients with a range of services including: employee restaurants, cafes, delis and hospitality. Its acquisiton of 'In House' expands Catermasters' presence in London as well as its fine dining service capability.
AIRKIX & THE ROYAL BANK OF SCOTLAND
HW Corporate Finance (South West) acted as due diligence providers to Airkix and Royal Bank of Scotland. Airkix is a unique leisure business - operating an indoor sky diving centre in Milton Keynes - which allows customers to experience the thrill of sky diving or to practice sky diving skills in a safe environment. Airkix plans to expand its operation through the establishment of additional sites in the UK and has secured bank funding from RBS to support the first phase of this plan - the establishment of a new site in Manchester.