Strategic Corporate Finance
Recent deals

Millnet / DocBuster

Service
Mergers and acquisitions

Industry
Retail and wholesale

Lead advisory support on Millnet Ltd’s acquisition of the shares of Docbuster Ltd and the trade and assets of the UK paper business of Consilio Global (UK) Ltd.

Case study

Project Raven

Service
Mergers and acquisitions

Industry
Telecommunications

Advising a hardware technology company that enables media to operate on exit in a competitive process involving three bidders.

Project Indie

Service
Private equity funding

Industry
Technology, media and telecoms

Advising a £2m EBITDA media and entertainment services business on a series of Private Equity backed acquisitions.

Project Oryx

Service
Mergers and acquisitions

Industry
Technology, media and telecoms

Advising a media and entertainment services business valued at ~£17m on sale including matters regarding valuation, tax and vendor due diligence.

Project Indigo

Service
Mergers and acquisitions

Industry
Technology, media and telecoms

Advising a long established traditional media business on three acquisitions that moved the group from £1m EBITDA to a forecast £2.5m EBITDA over 18 months. Our role involved all aspects of identifying targets, negotiating, undertaking due diligence and planning the financing.

Project Balaya

Service
Debt advisory services

Industry
Technology, media and telecoms

Advising a fast growth, $18m revenue high margin, media technology business on raising debt funding to support faster expansion and supplement reinvestment into growth projects.

Project Grasshopper

Service
Private equity funding

Industry
Technology, media and telecoms

Guiding a fast growth, highly margin $4m EBITDA US-European Media technology company through a variety of Private Equity approaches, ultimately concluding that the right route was to continue as a fast growth, owner managed business.

Project Furlong

Service
Management buyout services

Industry
Technology, media and telecoms

Advising a well-established media rights business with significant proprietary technology on a dual track sale and private equity backed MBO.

Project Tagus

Service
Mergers and acquisitions

Industry
Technology, media and telecoms

Advising a well-established, IP rich, Media Technology business on preparation for exit and ultimately a sale. Included detailed planning around employee incentives, vendor tax, valuation and deal structure. Ultimately resulted in a sale valuing the business in excess of £50m.

Project Bronze

Service
Mergers and acquisitions

Industry
Technology, media and telecoms

Advising a fast growth Media Technology business on a sale that valued the business in excess of £100m.

OCS’s / Accuro Group Holdings Ltd

Service
Financial due diligence

Industry
Professional services

Provided financial due diligence and investigation in regards to OCS’s acquisition of the Accuro Group, a facilities management provider specialising in the education and healthcare sectors.

Tern Capital Ltd / C.A.Design Services Ltd

Service
Financial due diligence

Industry
Technology, media and telecoms

Provided financial due diligence for Tern Capital Ltd.’s multi million pound acquisition of C.A.Design Services Ltd, a market lead in the retail store planning space.

Project Igor

Service
Financial due diligence

Industry
Professional services

Financial due diligence provided to a polish listed client on its proposed acquisition of a specialist linguistics company.

Project Northanger

Service
Financial due diligence

Industry
Financial services

Performed financial and tax due diligence on the proposed acquisition of a mortgage brokerage business.

Project Spectra

Service
Financial due diligence

Industry
Professional services

Financial and tax due diligence on the proposed acquisition of a cloud based telecommunications business.

Barbri / Kaplan

Service
Financial due diligence

Industry
Further education

Provided Financial Due Diligence services in relation to the acquisition of Kaplan Altior a legal education and training provider.

Royalelife/ Stately-Albion

Service
Financial due diligence

Industry
Manufacturing

Provided Financial and tax Due Diligence on Stately Albion (a large manufacturer of park homes for holiday and residential use) for the acquisition by Royale Life.

PSI International Holdings Limited / Learn direct

Service
Financial due diligence

Industry
Further education

Provided due diligence and advised PSI International Holdings Limited on the acquisition of RE LearnDirect.

PSI International Holdings Limited

Service
Financial due diligence

Industry
Further education

Advised on and undertook financial due diligence on acquisition of A&DC Limited (Project Castle).

PSI International Holdings Limited

Service
Financial due diligence

Industry
Professional services

Provided due diligence and advised PSI International Holdings Limited on the acquisition of RE HIS.

Project Botanic

Service
Financial due diligence

Industry
Fast-moving consumer goods (FMCG)

Due diligence & bank funding for acquisition of specialist botanical business.

Project Maple

Service
Financial due diligence

Industry
Public sector

Provided Financial analysis and investigation of costs incurred by an outsourced provider of services to the Council through a Joint Venture Company.

Project Jedi

Service
Financial due diligence

Industry
Fulfilment services

Provided Due diligence to a haulage company as part of advisory services on acquisition (Project Jedi).

Simpson Travel

Service
Financial due diligence

Industry
Hospitality

Provided pre-acquisition due diligence services for leading luxury villa specialist.

Foresight group + McIntyre Electrical Limited

Service
Financial due diligence

Industry
Technology

Provided due diligence services in relation to an electrical, safety and security services for buildings. Long term contracts

Ubiqutek Ltd / Rabo Ventures / V-Bio Ventures

Service
Financial due diligence

Industry
Biotechnology

Provided due diligence services in advance of Rabo Ventures and V-Bio Ventures proposed investment into Ubiqutek Ltd, an early stage agricultural technology business.

PSI International Holdings Limited / JCA GLOBAL LTD

Service
Financial due diligence

Industry
Professional services

Provided financial due diligence and investigation in regards to PSI’s acquisition of JCA Global Limited, an emotional intelligence testing and training provider.

The Primal Pantry

Service
Financial due diligence

Industry
Retail and wholesale

Financial due diligence on a UK Private Equity house.

Foresight + Ten Health & Fitness

Service
Financial due diligence

Industry
Sports, leisure and hospitality

Financial due diligence on an exception reporting basis in advance of Foresight’s proposed £4m investment into Ten Health & Fitness Limited, a London-based chain of clinical physiotherapy boutiques.

Project F

Service
Financial due diligence

Industry
Aerospace

Financial due diligence completed on serviced hangarage provider to support the growth ambitions of our client, a leading cargo and passenger airline.

Project Atom

Service
Financial due diligence

Industry
Technology

Financial and tax due diligence services provided to a Special Purpose Acquisition Company (SPAC) on their proposed first acquisition in the net-zero infrastructure space. The deal did not successfully complete due to issues identified during the diligence process.

Project Solar

Service
Financial due diligence

Industry
Energy & renewables

Financial due diligence in relation to investment (of over €200m) in renewable energy facilities across Europe.

Kartell / Marleton Cross Limited

Service
Financial due diligence

Industry
Manufacturing

Financial due diligence support provided to Kartell UK in their acquisition of Marleton Cross Limited, a leading manufacturer of shower trays.

Chalus Chegaray & Cie

Service
Financial due diligence

Industry
Retail and wholesale

Financial due diligence for a French Private Equity House on investment in UK based Borough Wines.

Prior Scientific

Service
Financial due diligence

Industry
Technology

Financial due diligence and lead advisory services on the acquisition of Elektron Technology’s “Queensgate” division.

One Broker Limited / Gibbs Denley Insurance Services Ltd

Service
Financial due diligence

Industry
Insurance

Financial due diligence provided in respect of the proposed acquisition of Gibbs Denley Insurance Services Ltd by One Broker Limited.

Foresight / SGI

Service
Financial due diligence

Industry
Manufacturing

Financial and Tax due diligence to support the £4.5m investment to support the MBO of SGS Peterborough, a leading glass manufacturer business.

downing care

Service
Financial due diligence

Industry
Healthcare professionals

Financial and tax due diligence on the acquisition of a group of specialist residential homes for adults with physical and learning disabilities, epilepsy and autism.

YFM Equity Partners / Tonkotsu

Service
Financial due diligence

Industry
Hospitality

Financial due diligence provided in advance of YFM’s proposed investment into Tonkotsu Limited, a London based chain of Japanese ramen restaurants.

Project A

Service
Financial due diligence

Industry
Marketing agencies

Financial due diligence on the acquisition of a company providing astrological services and online consultations.

PSI International Holdings Limited / Cubiks

Service
Financial due diligence

Industry
Education and academies

Provided due diligence and advised PSI International Holdings Limited on the acquisition of Propel International LLC, an award-winning global talent assessment and development consultancy.

Boulder Food Group / Curlsmith

Service
Financial due diligence

Industry
Manufacturing

Financial due diligence support on Boulder Food Group’s $multi-million investment in Recipe Products Limited t/a Curlsmith, a fast growing haircare brand.

Trust Tees Limited / Wortley Byers

Service
Financial due diligence

Industry
Professional services

Provided Financial Due Diligence services in relation to Trust Tees Limited’s merger with Wortley Byers LLP.

Foresight Group / Hexarad Group Limited

Service
Financial due diligence

Industry
Healthcare professionals

Provided Financial Due Diligence services in respect of a growth capital investment by Foresight Group into Hexarad Group Limited, a high growth UK teleradiology company.

Panoramic / Big Drop Brewing

Service
Financial due diligence

Industry
Retail and wholesale

Provided Financial Due Diligence services in respect of a £2.5m investment into Big Drop Brewing Co by Panoramic Growth Equity.

Project X

Service
Financial due diligence

Industry
Property

Financial and tax due diligence on a small real estate business.

Project Suit

Service
Financial due diligence

Industry
Professional services

Conducted vendor due diligence which ultimately led to the client declining the offer given buyer’s inability to fund the transaction.

Project R

Service
Financial due diligence

Industry
Healthcare professionals

Supported in the acquisition of social care provider through the provision of financial due diligence and advisory on the transaction. Follow on work include the review and agreement of completion accounts.

Project Crystal

Service
Financial due diligence

Industry
Manufacturing

Financial due diligence support in the acquisition of a glass manufacturing facility.

Flagship-group / Milgas

Service
Financial due diligence

Industry
Manufacturing

Financial and Tax due diligence on the acquisition of Milgas Services Ltd a commercial HVAC servicing and installations business.

Nene / HSBC

Service
Financial due diligence

Industry
Consumer transport

Financial and Tax due diligence to support the funding of the acquisition of a storage facility by Nene Transport (Lincs) Limited.

Mayday / HSBC

Service
Financial due diligence

Industry
Hospitality

Financial due diligence provided to support their funding of the MBO of Mayday Office Equipment Services, provider or IT, communications and printer support services.

Lee Park Estates / HSBC

Service
Financial due diligence

Industry
Hospitality

Financial due diligence provided to support the funding to facilitate the acquisition of Burrowhead Holiday Village by Lee Park Estates Limited.

Lee Park Estates / HSBC

Service
Financial due diligence

Industry
Hospitality

Financial and Tax due diligence to support refinancing of Lee Park Estates holiday and residential park client, releasing additional funds to support the acquisition of Capel Court Park, a residential and leisure park.

Flagship-group / Gasway

Service
Financial due diligence

Industry
Manufacturing and engineering

Financial and tax due diligence support on the acquisition of Betts Holdings Limited t/a Gasway Services.

Flagship-group / blueflame

Service
Financial due diligence

Industry
Manufacturing and engineering

Financial and tax due diligence on the acquisition of Blue Flame Services, a provider and installer of central heating and HVAC services.

Neontribe

Service
Selling your business

Industry
Technology

Provided sell-side support to Neontribe Limited, a digital agency working in user research, software development and design, in the sale to the Dextrous Web.

Kartell / Vogue UK LTD

Service
Financial due diligence

Industry
Manufacturing

Financial due diligence support provided to Kartell UK in their acquisition of Vogue UK, Summerbridge Holdings and Humber Doors Limited.

Kartell

Service
Financial due diligence

Industry
Manufacturing

Provided Financial Due Diligence support on Kartell UK’s acquisition of Vogue (UK), a leading designer and manufacturer of heated towel rails and radiators

Biz group

Service
Management buyout services

Industry
Further education

Lead adviser on the MBO of a £10-£15m co-founder

Ertab Holding LTD

Service
Financial due diligence

Industry
Insurance

Price Bailey provided financial, tax due diligence and related advice to the purchasers and W&I insurers

Component Solutions for Industry Ltd

Service
Management buyout services

Industry
Manufacturing

Lead advisory support on the multi-million £ MBO of a manufacturer of heat exchanger coils and heat recovery units based in Thetford

PSI International Holdings Limited

Service
Financial due diligence

Industry
Education and academies

Provided due diligence and advised PSI International Holdings Limited on the acquisition of Propel International LLC, an award-winning global talent assessment and development consultancy.

Abbey sales & letting / HSBC

Service
Financial due diligence

Industry
Real estate

Financial and tax due diligence services provided in respect of the lending to support an acquisition of a complimentary sales and lettings agency by a local estate

Kerslake construction

Service
Employee ownership trusts (EOTs)

Industry
Construction

Supported Kerslake Construction Ltd, in its transition to becoming a majority employee-owned business through the establishment of an EOT.

Project Footprint

Service
Employee ownership trusts (EOTs)

Industry
Recruitment agencies

Advised on a share for share exchange and established an Employee Ownership Trust for a recruitment company based on the South coast (Project Footprint).

Project Globe

Service
Employee ownership trusts (EOTs)

Industry
Professional services

Advised on the establishment of an Employee Ownership Trust for a business specialising in market research, industry analysis and consultancy services (Project Globe).

Project Moda

Service
Employee ownership trusts (EOTs)

Industry
Retail

Established an Employee Ownership Trust for a London-based fashion group, following a restructure (Project Moda).

Bernard Sims Associates

Service
Employee ownership trusts (EOTs)

Industry
Healthcare professionals

Advised on the formation of an employee ownership trust for a health and safety consultancy firm.

Case study

PA Collacott & Co

Service
Employee ownership trusts (EOTs)

Industry
Manufacturing and engineering

Advised on the establishment of an Employee Ownership Trust with a Management Buyout element for an electrical installation firm.

Case study

Big Drop Brewing Co

Service
Financial due diligence

Industry
Manufacturing

Provided Financial Due Diligence services in respect of a £2.5m investment into Big Drop Brewing Co by Panoramic Growth Equity

Case study

Smile:Together

Service
Employee ownership trusts (EOTs)

Industry
Healthcare professionals

Development of a bespoke presentation to introduce the concept of EOTs and to explain their application within the Smile Together model.

Applied Psychologies

Service
Employee ownership trusts (EOTs)

Industry
Education and academies

Advised Applied Psychologies, the education and child psychology service provider, on its transition to becoming a majority employee-owned business through an EOT.

Case study

Sandbox London & Co LLP/ ToucanBox

Service
Financial due diligence

Industry
Retail

Financial due diligence support to Sandbox London & Co LLP, an investor in education-focused businesses, in their acquisition of ToucanBox

Glazing Vision

Service
Management buyout services

Industry
Manufacturing

Case study

Paul Clark Accountants

Service
Employee ownership trusts (EOTs)

Industry
Professional services

Project Keenan

Service
Selling your business

Industry
Manufacturing

Noahs Ark

Service
Selling your business, Sales Mandate

Industry
Industrial

Lead advisors on the sale of three Noahs Ark Chemicals distribution companies in three different countries to COUNT Energy Trading.

Case study

Boulder Food Group

Service
Commercial due diligence

Industry
Manufacturing

Financial due diligence support on Boulder Food Group’s $multi-million investment in Recipe Products Limited t/a Curlsmith, a fast growing haircare brand.

Case study

Professional Music Technology

Service
Management buyout services

Industry
Retail and wholesale

Lead adviser on the MBO of £40m multichannel retailer Professional Music Technology

Survey Solutions Ltd

Service
Management buyout services

Industry
Property

Advised management on the MBO of a leading land and measured building surveyor which was backed by RJD Partners.

RPA

Service
Employee ownership trusts (EOTs)

Industry
Professional services

Advised on the Employee Buyout of Risk & Policy Analysts, a consultancy services firm with a focus on the environment, economics, chemicals, EU policy and sustainability.

Project Fire

Service
Management buyout services

Industry
Fulfilment services

Advised the selling shareholders in respect of the transaction and facilitated an MBO by the management team

Prima Electronic Services Limited

Service
Mergers and acquisitions

Industry
Technology

Advised Nick Russell Holdings on the acquisition and financial modelling of Prima Electronic Services Limited, a leading contract electronics manufacturer.

Display Solutions Limited

Service
Selling your business

Industry
Technology, media and telecoms

Advised on the sale of Display Solutions Limited and Components Bureau Limited to Display Technology, the UK subsidiary of Fortec Elektronik AG.

Derbyshire Veterinary Services

Service
Selling your business

Industry
Veterinary practices

Full lead advisory on the sale of Derbyshire Veterinary Services to vet consolidator IVC.

Thomas Exchange Global

Service
Financial due diligence

Industry
Professional services

Provided full lead advisory and due diligence to the shareholders on the sale of Thomas Exchange Global, London’s largest specialist foreign exchange company to Fexco.

Flagship Housing Group

Service
Financial due diligence

Industry
Property

Due diligence & ad hoc advisory services on acquisition of Gasway Services Ltd.