Firstpoint Healthcare
Regent Assay acted as financial advisors to the board of Firstpoint Healthcare Ltd in the sale of its business and trading assets, which have been acquired by Servoca PLC. Firstpoint, a Bridgepoint Capital investment, provides recruitment services such as specialist theatre nurses, general nursing and nursery nurses. The company trades from three locations across the UK.
First Digital
We advised First Digital on the sale of its subsidiary, London Digital to CDI, Inc..
London Digital operates two telecom switches to manage live traffic.
CDI, intends to use London Digital's switches to expand its offering into the UK.
First Digital
We advised the First Digital Ltd on the sale of its subsidiary, European Digital to Carphone Warehouse.
European Digital is an ISVR carrier and provides consistently high quality discounted calls to international destinations. It focusses, in particular, on long haul destinations.
Carphone Warehouse intends to merge European Digital into its international division.
Clear Capital
Edinburgh based financial services group Noble Group Holdings Ltd has acquired the London based independent equity research firm Clear Capital.
We advised Clear capital on the transaction.
BMT
We acted for the shareholders in BMT Tax Depreciation (“BMT”) in the sale of a majority stake in their business to Champs Ventures and Yorkway Equity Partners.
BMT is the Australian based market leader in quantity surveying, which helps to estimate and monitor construction costs. Post construction, BMT also provides tax depreciation schedules and advice.
Arteon SA
Arteon, a subsidiary of Bridgepoint Capital, Halifax Industrial has been sold to German based DSI, a group specialising in concrete accessories, lifting and fixing systems.
Arteon, based in France, distributes formwork tiebars and accessories.
On behalf of Halifax Industrial, we initiated the transaction, identified the buyer and negotiated the sale of Arteon to DSI.
Archer Mathieson
Partner, Mike Simson led a team which acted as financial advisors to the Board and shareholders of Archer Mathieson on its acquisition by AIM listed Hexagon Human Capital PLC, creating the largest interim executive business in Europe.
Archer Mathieson provides interim management and executive recruitment in the specialist fields of finance, IT and human resources. It is ranked as the UK’s number one provider of interim management outside London by Executive Grapevine 2007. Clients range from entrepreneurial SMEs to FTSE 250 and Fortune 500 companies across a variety of industry sectors and include Microsoft, Serco and Shire Pharmaceutical. The company is based in Windsor and employs 25 people.
For the 12 months ended 31 December 2006, Archer Mathieson reported net fee income of £3.9m, profit before interest and tax of £1.2m (normalised) and net assets of £1.4m.
The maximum consideration payable is £17.5m. Of the total consideration, £6.6m is payable on completion followed by payments of up to £4.3m based on the profits of the company for the 12 months to December 2007. The balance of £6.6m falls due for payment over the period to December 2010, subject to the achievement of certain performance targets.
Alpha Landsteinar
We advised the Alpha Landsteinar shareholders on the sale of all of their shares to K3 Business Technology Group plc.
Alpha is the UK's leading reseller of Microsoft Navision software and its clients include Carpetright and Adidas.
K3 is an AIM listed provider of Microsoft based business solutions, has continued to extend its business base via the £7.2m acquisition of Alpha Landsteinar. The cash-and-shares deal is a significant step for K3 - itself only valued at £10.5m, and provides useful exposure to the retail management solutions market.
An attractive addition for the group, Alpha will provide a useful boon for K3. This will boost growth opportunities in the retail and distribution sectors.
Action First Recruitment Consultants
We advised Action First, London’s leading recruiter of social workers on its sale to to Public Recruitment Group plc.
Public Recruitment Group is an AIM listed provider of qualified professionals in the areas of education, healthcare and social work.
Poortman
A Poortman (London) Ltd, an importer and distributer of agricultural products, in particular feeds and seeds, has been acquired by Alliance Grain Traders, a subsidiary of Trinidad Benham Corporation of the USA.
We acted for the shareholders of A Poortman, identified the buyer and negotiated the terms of the transaction.