London Metals
We advised the management team of London Metals Limited on their successfully completed management buy-out of the business.
London Metals trades non-ferrous and ferro-alloy metals between international parties on a back to back basis and is regarded as a market leader in its niches. It makes a margin as principal between purchase and sales prices. The business has been consistently profitable and growing, generating an EBIT of £1.2m in the current year.
David de Haas, Founder and Managing Director of London Metals, said: “This management buy-out would not have been possible without the advice of Buckingham Corporate Finance [Now known as Regent Evolution]. Their patience, persistence and creative approach resulted in a successful conclusion for all parties.”
Executives Online
We advised the management of Executives Online, a provider of interim management executives in the Buy-out of the business from its founder.
Funding for the transaction was provided by Royal Bank of Scotland.
Columbia Marketing Ltd
Columbia Marketing, trading as Columbia Book Bargains, was acquired by a Management Buy-In Team.
We advised the management buy-in team on the transaction.
Pacific International
Pacific International has been acquired by CD (63) Ltd, a company owned by its management and two financial investors.
Pacific International focusses on the recruitment of permanent staff and contractors who are specialists in BPO and Change Management with a particular focus on Lean and Six Sigma.
We arranged the funding and advised the shareholders of CD (63) Ltd on the transaction.
Catalyst Development
Catalyst Development has been acquired by its management team from ABeam Consulting.
Following a strategic review, management consulting group ABeam agreed to sell Catalyst its Management Team.
Catalyst Development specialises in regulatory-driven change, organisational improvement and talent development programmes specifically for the IT department of investment banks.
Regent Assay acted for the management team on the transaction.
4Projects
4Projects Holdings Ltd has been bought by its management team, led by MD Richard Vertigan and finance director Steve Nelson, with the support of a private equity firm, August Equity LLP.
4Projects was previously a subsidiary of the Leighton media group, whose chairman Paul Callaghan was also chairman of 4Projects. In a departing statement, Callaghan says:
“No competitor operating in our sector would have been able to attract this level of investment” – a somewhat tendentious and ultimately meaningless claim as there is no mention in 4Projects’ news release of the value of the transaction (August Equity’s website simply says “MBO (undisclosed sum))“.
The new chairman is Stephen Edwards, described as “an experienced practitioner in the SME software space”, “introduced” by August Equity.
4Projects now has over 50 employees, and says it has “enjoyed healthy and profitable growth since inception, with a revenue model that has risen, month on month, for over 6 years”. As well as Edwards, Vertigan and Nelson, the management team includes: marketing director Duncan Mactear, commercial director Bernie Callaghan, operations director Neil Jarvis and UK sales director Jason Warde.