Recent Deals
November 2009
BARTELL CONTRACT FURNISHINGS LIMITED
HW Corporate Finance 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.
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 restructured and an additional £5.7 million was raised in a rights issue.
August 2009
SYPOL LIMITED
HW Corporate Finance 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, safety and environmental 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 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 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 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
HW Corporate Finance 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 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 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 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
AIRKIX AND ROYAL BANK OF SCOTLAND
HW Corporate Finance 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 skydiving 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.
CATERMASTERS CONTRACT CATERING
HW Corporate Finance provided due diligence services to Catermasters Contract Catering and Royal Bank of Scotland in connection with Catermasters' acquisition 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 acquisition of 'In House' expands Catermasters' presence in London as well as its fine dining service capability
December 2008
QUADRON PROPERTY SERVICES LTD
HW Corporate Finance provided deal support to Renovo Services Group in its acquisition of Quadron Property Services Limited (QPSL). QPSL is based in Weston-Super-Mare and is a provider of building fabric maintenance services, predominantly in the Social Housing sector. Renovo Services Group is backed by Sovereign Capital and QPSL is the second acquisition of its buy-and-build strategy, having acquired 1st Saxon Clenmay in July 2008.
August 2008
BARCLAYS BANK plc
HW Corporate Finance completed Financial Due Diligence on The London Clinic for Barclays Bank Corporate Leveraged Finance Team, London. Barclays lent The London Clinic £75 million as part of the £100 million development of a dedicated Cancer Clinic and ancillary services.
HOLISTIC SERVICES
HW Corporate Finance acted as lead advisors to the vendors on the sale of Holistic Services to Capital Law LLP for an undisclosed fee. Swansea based Holistic specialise in training, consultancy and outsourced services through their distinctive operating divisions which include; occupational health, human resources and health and safety.
TRACSIS PLC
HW Corporate Finance acted as reporting accountants to Tracsis plc on their acquisition of the entire issued share capital of R.W.A. Rail Limited, by way of reverse takeover. Tracsis plc is an AIM listed provider of labour resource optimization software for the transport sector.
July 2008
1st SAXON CLENMAY GROUP LIMITED
HW Corporate Finance provided deal support to Sovereign Capital on their acquisition of 1st Saxon Clenmay Group Limited. The company, which is based in Fareham on the South Coast, is predominately involved in the installation and maintenance of heating systems within the Social Housing sector. The acquisition will be used as a platform by Sovereign Capital who are seeking bolt-on opportunities.
UPLANDS MOBILES LIMITED
HW Corporate Finance advised the managing director of Uplands Mobiles in his buyout of the independent in-car entertainment and mobile communications company. Uplands Mobiles is headquartered in Swansea with additional branches in Cardiff and the South West of England.
LLANELEC PRECISION ENGINEERING LIMITED
HW Corporate Finance advised Royal Bank of Scotland on their funding of the management buyout of Llanelec Precision Engineering Limited, the Neath based defence product manufacturers.
June 2008
SUREWAY GAS LIMITED
HW Corporate Finance provided acquisition support to Sovereign Capital and the Kinetics Group on its bolt on acquisition of Sureway Gas Limited, a Midlands based provider of gas installation and service/maintenance services to the social housing sector.
ESP PLASTICS LIMITED
HW Corporate Finance provided lead advisory services to the vendor for the MBO of ESP Plastics Limited. ESP applies technologies such as 3D-modelling and 5-axis machining for vacuum forming to manufacture many products across a broad range of industries.
BLUEBELL TELECOM LIMITED
HW Corporate Finance provided financial due diligence services to the Royal Bank of Scotland plc and Bluebell Telecom Limited on their acquisition of Team Telecom Limited, a telecommunications reseller located in Harrogate, North Yorkshire.
May 2008
TC COMMUNICATIONS
HW Corporate Finance advised on the management Buy-Out of TC Communications to Aberdeen Asset Management with debt provided by HSBC. TC Communications is a national marketing communications business with customers including O2; Persimmon; Tyco; Virgin and WH Smith.
ALPHA AIRE LIMITED
HW Corporate Finance provided lead advisory services to the vendors on the disposal of Alpha Aire to Envirovent Limited.
BLUEBELL TELECOM LIMITED
HW Corporate Finance provided financial due diligence services to the Royal Bank of Scotland plc and Bluebell Telecom Limited on their acquisition of Contact Scotland Limited, a telecommunications reseller located in Motherwell, Scotland.
April 2008
INTER CLEAN LIMITED
HW Corporate Finance provided financial due diligence services to the Royal Bank of Scotland plc to enable the funding of a MBO of Inter Clean Limited. Based in Washington, Wearside, Inter Clean supplies teams of sub-contracted valeters to dealerships to prepare new and used cars for sale, and supplies paint and fabric protection products.
FERSCHL HOSE AND HYDRAULICS LIMITED
HW Corporate Finance provided financial due diligence services to the Royal Bank of Scotland plc to enable the funding of a MBO of the Ferschl Group of companies. Based in Gateshead, Tyne and Wear, Ferschl has established itself in the North East of England as a major supplier of hydraulic and industrial hose/tube products to the hydraulic industry.
MEDICHEM LIMITED
HW Corporate Finance provided corporate finance advice in connection with securing business development finance for the retail pharmacist Medichem Limited.
SELECTEQUIP LIMITED
HW Corporate Finance has successfully completed the MBO of Selectequip Limited. Based in Lichfield, Selectequip is a supplier of niche and innovative engineering products, predominantly into the rail industry. HW Corporate Finance negotiated with the vendor's advisers, sourced and arranged the bank funding, introduced their legal advisers to the Management Team and project managed the overall process.
TRAINING FOR TRAVEL LIMITED
HW Corporate Finance has raised significant funding for Training for Travel Ltd, a Bury based vocational training company. The Manchester office of Aberdeen Asset Managers has taken a minority investment in the company and additional funding has been provided by Natwest. TFT provides training for blue chip clients such as Co-operative Travel, TUI, Virgin Holidays, Cosmos and Carlson Wagonlit.
March 2008
THE LORD GROUP
HW Corporate Finance provided acquisition support to Sovereign Capital and the Kinetics Group on its bolt on acquisition of The Lord Group, a provider of building and refurbishment services to the social housing sector.
KINETICS GROUP
HW Corporate Finance provided transaction support to Sovereign Capital and the Kinetics Group on the re-financing of the group by Yorkshire Bank.
PARAGON TRAINING (DORSET) LIMITED
HW Corporate Finance provided financial due diligence and deal support to Sovereign Capital on their acquisition of Paragon Training (Dorset) Limited, a South West based provider of training to various service sectors including; engineering, care, motor and marine.
COBALT CONSULTING (UK) LIMITED
HW Corporate Finance provided financial due diligence services to Barclays Bank plc as part of the re-financing of Cobalt Consulting (UK) Limited, a provider of specialist recruitment services to the commercial property and real estate markets.
February 2008
NEW CAREER SKILLS (NCS)
HW Corporate Finance provided due diligence for Bridges Ventures on their investment in NCS, a national vocational training provider.
January 2008
CROWNFOLD LIMITED (TRADING AS PARAMOUNT WINDOWS AND CONSERVATORIES)
HW Corporate Finance acted as lead advisor on the MBO of Crownfold Limited which traded as Paramount Windows and Conservatories, one of the North East’s leading window and conservatory businesses.
PENNINE WINDOWS (HOME IMPROVEMENTS) LIMITED
HW Corporate Finance was lead advisor to a newly formed company that acquired the business and assets of Pennine Windows (Home Improvements) Limited in administration. Pennine is one of the North East’s major window and conservatory businesses.
MAKWELA LIMITED T/A BUDGET WINDOWS
HW Corporate Finance was lead advisor to a newly formed company that acquired the business and assets of Makwela Limited which traded as Budget Windows and which had gone into administration. Budget is one of the North East’s major window and conservatory businesses.
CRYSTAL WINDOW SYSTEMS LIMITED
HW Corporate Finance provided lead advisory services to the purchaser in the MBO of Crystal Window Systems LImited (Crystal). Crystal is a design-led designer and installer of top-end windows and conservatories in the North West. HW Corporate Finance arranged the bank funding and project managed the transaction through due diligence and the legal process to completion.
VALE HEALTHCARE
HW Corporate Finance acted as lead advisors to Vale Clinic Ltd and Nuffield Hospitals on debt and equity finance raising for their joint venture, Vale Healthcare.
PROJECT NOBLE
HW Corporate Finance advised on the disposal of Project Noble, a leading UK based designer of games to the on-line betting industry, to a listed Scandinavian gaming business.