Global Deals
If you would like to discuss a specific subsector or industry please get in touch.
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Technology, Media & CommunicationsCollabco sale creates new global force in education software market
Collabco – the UK company behind the student engagement platform myday – has been acquired by US-based Ready Education in a deal that brings together three market leaders across Europe and North America, with Netherlands-based StuComm also being acquired.
Collabco, a software development specialist based in Liverpool, launched myday in 2013 and it is now used by leading educational institutions worldwide. myday provides a digital campus for university students around the globe, including delivering resources like timetables, access to the virtual learning environment, printing and library services, transport timetables and even the menus of on-campus eateries, straight to students’ smartphones.
Callum Sellar of Dow Schofield Watts’ corporate finance team and David Smith and Keith Benson of DSW Ventures advised the shareholders of Collabco on the deal.
Callum Sellar said: “It has been a pleasure to support the Collabco shareholders on this transaction. Collabco has an impressive track record in rolling out its product myday across the UK and abroad. This transaction demonstrates continued interest from overseas purchasers in quality UK tech companies and we expect to see the business flourish under Ready Education’s ownership. It also shows how we can our also leverage the considerable tech credentials and capabilities of the DSW Ventures investment team.”
“Collabco has been able to have a significant impact on student lives thanks to the hard work and commitment of the team,” said Andrew Taylor, CEO of Collabco. “I am hugely excited to see this impact magnified by joining with Ready Education and StuComm to become a truly global force in student engagement.”
Shoosmiths provided legal advice to Collabco shareholders on the deal.
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Financial Services -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomFundraising
Financer
Deal ByDow Schofield Watts(Pandea Member Firm)Healthcare & Life SciencesDSW advised Raphael Healthcare, provider of specialist mental health services for women, on its £6.1m development capital investment from RJD Partners, which valued the company at £30m, before advising on RJD’s exit four years later
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Healthcare & Life SciencesDSW advised the shareholders of Techtex, manufacturer of healthcare consumables for care homes and the NHS, on the sale to US-listed Ecolab, global leader in water, hygiene and infection prevention solutions
-
United KingdomPE
Financer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & LogisticsSupply chain solutions specialist raises PE funding for growth
Bis Henderson, a leading provider of professional services into the supply chain sector, has secured investment from London-based private equity firm TPA Capital. Dow Schofield Watts advised Bis Henderson on the deal, which will help accelerate its growth ambitions.
Established by Andy Kaye in 2000 and based in Northampton, Bis has successfully extended its offering from an executive search firm for senior logistics and supply chain professionals into the consulting and space arena.
Bis Consulting offers cutting-edge solutions such as strategy, e-commerce and automation across Europe and the US and supports blue chip customers and industry disruptors in the retail, FMCG and industrial sectors. Its pioneering Space proposition supports businesses in the sourcing and provision of flexible warehousing and storage solutions, helping reduce dislocation in a market with increasing scarcity of supply.
Gerard Lucas led the Dow Schofield Watts team, which also included Dan Walker and Rachel Green. Gerard said: “The logistics and supply chain sectors are experiencing unprecedented pressures for flexible innovative solutions that meet the operational demands of customers. TPA will leverage its sector credentials and experience to support Bis delivering its expertise to a growing market.”
Andy Kaye, CEO of Bis Henderson, said “We are delighted to be partnering with TPA and welcome their insight and support as we position ourselves to scale our business to take further advantage of the opportunities afforded to us at this incredible time for our sector.”
Ravi Aujla, Investment Director at TPA, said: “Supply chains are undergoing a period of significant change and Bis is very well placed to capitalise on the opportunities this brings. We look forward to partnering with Andy, Sid and the wider team to help realise their growth ambitions. This represents our third investment in the logistics space and we remain strong advocates for the sector.”
Ian Riggs, Sean Lightfoot and Olivia Jones of Hill Dickinson provided legal advice to Bis Henderson, while TPA were advised by Squire Patton Boggs (led by Paul Mann, Ben Squires and Louise Parker), Azets (led by Dan Nixon) and Apex Insight (led by Frank Proud).
-
United KingdomDevelopment Capital
Financer
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringBGF investment for building plastics supplier
Dow Schofield Watts has provided Corporate Finance advice to Northern Building Plastics on its investment from BGF to support its growth plans.
Northern Building Plastics, led by co-founders, Judah Wilson and Richard Lindop, opened its first super depot in Leeds in 2010, followed by a second site in Bolton in May 2018 on the back of strong growth and a proven model.
Following the investment, John Browett will join the business as non-executive chair. He brings leadership experience from high profile chief executive and board roles at Dixons, Dunelm Group, Tesco.com and Apple.
Northern Building Plastics co-founder Judah Wilson said: “BGF’s backing will accelerate the growth of the business through expansion of our service and delivery capability and extension of our product range. We have built a good relationship with the BGF team who understand our long-term ambitions and have track record of successful investments in our sector.
“We’re also delighted to be announcing the appointment of such a high calibre non-executive chair in John. His experience will add significant expertise to our business in this next phase of growth.”
Paul Herriott, at Dow Schofield Watts, said: “Northern Building Plastics’ differentiated business model and the ambition of its management team have made this a compelling equity investment proposition. BGF has proved to be the best partner to support this next phase of growth and we are delighted to have advised on sourcing and structuring the investment in the business.”
Jackson added: “With an experienced and entrepreneurial management team, this is a business that understands its market and is capable of significant scale. Northern Building Plastics is trusted by its customers because of its quality products and the fact its super depots allow the business to provide much greater stock availability and a next-day delivery service across the UK.”
The Dow Schofield Watts Corporate Finance team that advised Northern Building Plastics included Paul Herriott, Roger Esler, Mathew Spence and Jonathan Wilkinson.
-
United KingdomBuy Out
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Financial ServicesNo Data
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Financial ServicesInflexion Set To Exit Independent Insurance Broker
One of the North’s largest independent insurance brokers is set to be acquired in a deal that provides an exit for Inflexion.
Cheshire-headquartered Bollington Wilson was established in 2017 with the support of Inflexion following the merger of two long-standing North West firms; Bollington Insurance Brokers and F Wilson Insurance Brokers. Dow Schofield Watts provided corporate finance advice.
An agreement has now been struck for it to be bought by Arthur J. Gallagher.
The group has grown organically and through acquisitions – completing five since December 2019 – and is now one of the largest independent brokers in the North of England, operating across seven offices and employing more than 400 people.
It works across a range of distribution channels, leveraging a nationwide team of specialist account managers and a digital proposition.
According to market sources, the return is five-times Inflexion’s money, with earnings having also more than doubled during its time with the business.
Simon Turner, managing partner of Inflexion, said: “Bollington Wilson has delivered impressive growth over the past three years.
“Paul and the team successfully integrated two businesses and then embarked on an ambitious buy-and-build strategy which led to Bollington Wilson becoming a real leader in the UK independent insurance brokerage space.
“We would like to wish Paul and his team all the best for their future growth.”
The deal is the latest success for Inflexion’s Manchester office, which has recently worked on deals for the likes of British Engineering Services, Radius and ONP.
The transaction is subject to regulatory approval and is expected to close in the first quarter of 2021.
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Healthcare & Life SciencesRoss Care acquisition creates market-leading mobility services group
Ross Care, a major provider of wheelchair services and mobility equipment, has been acquired by Millbrook Healthcare in a deal backed by Cairngorm Capital Partners LLP.
Dow Schofield Watts advised Ross Care on the deal, which will create a national group that is a market leader within the sector. Established in 1949, Ross Careprovides services and equipment on behalf of NHS and local authorities and is the UK’s largest provider of wheelchair repair contracts. Based in Wallasey, it has stores in Manchester, Ellesmere Port, Leeds and Sunderland as well as18 service centres across the North.
Initiated by the retirement of Michael Turner, Ross Care’s Chairman and majority shareholder, the deal will allow both businesses to expand geographically and increase the range of services and benefits they offer. Ross Care’s Managing Director, James Parramore will continue to lead the Ross Care business and will join the executive leadership team of the enlarged group, which will be headquartered in Southampton and have 45 service centres nationwide and 1,200 colleagues delivering over 70 contracts.
Andy Dodd, Gerard Lucas, Callum Sellar and Rachel Green of Dow Schofield Watts provided corporate finance advice to the shareholders of Ross Care.
Michael Turner, Ross Care’s Chairman and majority shareholder, said: “Ross Care has a fantastic heritage and I am extremely proud of all that we have achieved to this point. I know that the company has the capability to achieve much more but this is the natural point for me to pass the company to new, trusted custodians who can deliver on its future potential. In Millbrook, Ross Care has a perfect partner, and together the companies should achieve great things.”
Dr Amit Thaper, who led the Cairngorm Capital team, said: “Ross Care is an excellent company that is highly regarded by its customers and service users. The combination of Ross Care and Millbrook is strategically compelling and delivers additional capabilities and services across the group, to the benefit of all customers. Significant investments are taking place for both businesses and we look forward to supporting Phillip Campling and James Parramore to deliver their growth plan.”
-
United KingdomMerger
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Real Estate£100M Merger Creates New Estate Agency Group
Dow Schofield Watts advised Lomond Capital on its £100m merger with Linley & Simpson in a deal which will create a new national lettings and estate agency group.
The transaction, which was backed by LDC and LGT Capital Partners, brings together some of the UK’s strongest brands in the sector including Linley & Simpson, Thornley Groves, Brand Vaughan, John Shepherd, Stonehouse and Braemore.
The new group will have over 22,000 properties under management and hubs in locations including Aberdeen, Birmingham, Brighton, Edinburgh, Hull, Leeds Manchester, Sheffield and York. It will now look to strengthen its nationwide network through acquisitions and organic growth.
Lomond Capital was established in 2010 by Stuart Pender and Roger Lane-Smith and has since acquired 34 businesses. It managed over £2.7bn of assets before the merger. Stuart Pender, who now becomes the group CEO, said: “Market conditions in the private rental sector are well suited to continued growth through consolidation.
“We are consolidating fragmented regional markets, enhancing the proposition the sector offers to clients and maintaining a local, on-the-ground approach which brings significant benefits to landlords and tenants.”
James Dow, who led the Dow Schofield Watts team, said: “Having worked with Stuart Pender for over 15 years, it was a pleasure to advise him and his team on this exciting transaction. It is a testament to the long-term nature of our client relationships at Dow Schofield Watts.
“The investment by LDC also shows that private equity is still looking to deploy capital in interesting opportunities and short-term uncertainties are not preventing PE firms from making long-term investments.”
-
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringDSW advises British Engineering Services on the acquisition of Lantei
Lantei Limited – a leading UK specialist in electrical testing, compliance, and remedial works – has been acquired by British Engineering Services.
Based in Preston and employing a team of 80 engineers, Lantei is the latest addition to the British Engineering Services Group. Alongside electrical testing and compliance, Lantei provides specialist services including thermal imaging, emergency light testing, EV charging, portable appliance testing, TEGG Services and professional training via Lantei Learning. Its customers include David Lloyd Fitness, Nuffield Health, Marriott Hotels, and a number of Housing Associations.
British Engineering Services, which since its carve-out from RSA in 2015 has been backed by Inflexion Private Equity Partners, is a market-leading testing, inspection and certification group. Lantei represents its fourth and latest acquisition since private equity investment.
Sebastian Lomax, British Engineering Services Group Director of Acquisitions, commented:
“We’ve been looking for the right businesses to add to our group for some time now as we continue our growth journey. The acquisition of Lantei, with its service capabilities and aligned culture, complements our investment strategy, as does our recent acquisition of PCMS Eng Group last month. Our priority is making sure we can always meet the needs of our customers and after working with both PCMS Eng Group and Lantei these past few months, we know they’ll both further enhance our products and services and be a really great fit. We’ll continue to look for more opportunities to grow our business in this way, in line with our customer requirements through 2021 and beyond.”
Andrew Livesey, Managing Director of Lantei, added:
“This is great timing for both companies. We’ve both had a strong 2020 and are looking for the next step for our businesses as we continue to deliver an industry leading service for our customers. Joining the British Engineering Services Group will allow us to focus on building an even better future for Lantei and our team.”
British Engineering Services was advised by Gregg Pendlington and Ross Thomas of Dow Schofield Watts Corporate Finance.
-
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Technology, Media & CommunicationsLab software business acquired by Canadian firm
The Genial Group – the Chester-based group which is a market leader in laboratory software – has been acquired by Harris, part of the Canadian company Constellation Software Inc. Dow Schofield Watts advised the Genial shareholders on the deal and introduced the company to the buyer.
Genial’s software is widely used across genetics, pathology and other healthcare disciplines, with more than 35,000 user licenses in use in over 40 territories worldwide.
The group consists of two arms. Genial Genetic Solutions produces Shire and iGene, which are genetics laboratory information management systems (GLIMS) while Genial Compliance Systems produces iPassport, an eQMS document control and compliance management system.
The business was founded in 2001 by Lawrence Crees, the current Managing Director, with the current products launched in 2009. The deal will provide an exit for Mr Crees and other shareholders and allow Harris to expand its mission-critical software presence in the UK.
Lawrence Crees comments: “We are convinced Harris is the best home for Genial Genetics and Genial Compliance, having industry-leading best practices, strong financial resources and global coverage to help grow the businesses sustainably.”
James Curtis, Associate Director at Dow Schofield Watts, worked on the deal, with the entire transaction conducted remotely. James said: ‘’Genial is an exceptionally high-quality business and has continued to trade strongly throughout the pandemic. We have had keen interest from both trade buyers and the selected private equity firms we approached. We believe that Harris is an excellent strategic fit for the business and will provide an ideal platform to allow product growth to continue to accelerate for years to come.’’
Jerry Canada, Harris Healthcare Group President, said: “Acquiring the Genial group allows us to enter laboratory information management software (LIMS) markets with focus on molecular diagnostics, clinical counselling and clinical healthcare governance, offering both on-premise and SaaS solutions. We are excited to welcome Genial to our growing portfolio of UK-based healthcare companies, including 2019 acquisition, QuickSilva, and recently acquired K2 Medical Systems.”
Dow Schofield Watts provided corporate finance advice while Jamie Hawley and Jennifer Harrison of Aaron & Partners provided legal advice to the vendors and Tim Adcock, Rob Davies and Jenny Barden of Mitchell Charlesworth provided accounting and tax advice. Fox Williams in London provided legal advice to Harris.
-
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & RetailTile Giant acquired from Travis Perkins PLC
The Yorkshire & North East Corporate Finance team of Dow Schofield Watts has advised Leeds based specialist investment group, Coverings, on the acquisition of Tile Giant from Northampton based Travis Perkins PLC.
Tile Giant is one of the leading tiling retailers in the UK through its 82 stores and tilegiant.co.uk and a turnover in excess of £50 million. Every store offers an inspirational selection of tiles and accessories to complete any project, coupled with a knowledgeable team that provides expert advice. Tile Giant was recently shortlisted for its new Staines store for best Small Format Store within the prestigious Retail WeekAwards 2020.
This acquisition is a bold move in challenging times and will see Coverings, led by entrepreneurs Andrew Thirkill and Adrian Hinchliffe, draw upon their extensive business planning acumen and commercial experience to drive the Tile Giant brand forward, securing the future success of the retailer.
“These have been turbulent times for the tile industry, but we firmly believe in what Tile Giant has created with Travis Perkins, with its core proposition of delivering high quality, commercially competitive tiles and accessories to the UK retail market,” explains Andrew Thirkill of Coverings. “This investment safeguards the future for Tile Giant and supports the industry to grow as a whole. Home improvement retailers have seen a strong return to business post lockdown, with sales buoyant as homeowners look to reinvest within their properties.”
Post-acquisition, Tile Giant will operate under as an autonomous, specialist entity, pursuing its individual strategy for growth and will continue to trade under the guidance of its existing senior leadership team and Managing Director, James Heese, who commented: “I would like to thank Travis Perkins Plc for their guidance and unwavering support throughout the successful transformation of the Tile Giant business. Coverings recognise that they have acquired a fantastic business with significant growth potential. This is a new and exciting chapter for Tile Giant and we’re delighted to be working with Coverings to accelerate our growth over the coming years.”
The DSW Corporate Finance team comprised Roger Esler, Paul Herriott, Jonathan Wilkinson and Matt Spence.
Roger Esler commented: “Deals with commercial merit are still getting done where there is pragmatism on all sides. The economic recovery is taking hold and there is growing optimism for the UK, despite the headwinds. The Coverings team has a robust long term vision for Tile Giant as an independent, specialist business and we are delighted to have advised them on this strategic acquisition.”
Dan McCormack led the Lupton Fawcett legal team advising Coverings. Travis Perkins PLC was advised by Freeths.
-
United KingdomFundraising
Financer
Deal ByDow Schofield Watts(Pandea Member Firm)Healthcare & Life SciencesDow Schofield Watts Corporate Finance in Yorkshire and North East has advised Bayfields Opticians and Audiologists on its investment from BGF.
Bayfields was founded in 2004 by optometrist Royston Bayfield and has its head office in Esholt. It has grown to 19 practices, including sites in County Durham, Lancashire, Hampshire, Surrey and Yorkshire, with 13 sites acquired within the last four years.
The group currently employs more than 160 staff across the UK and has revenues of £12m.
BGF’s investment will be used to support organic growth – including further roll-out of its audiology services – as well as Bayfields’ strategy to double the number of sites through further acquisitions over the next four years.
Royston Bayfield, founder and chief executive of Bayfields Opticians and Audiologists, said: “In the last 15 years, the Bayfields group has grown exceptionally well, whilst keeping front of mind our values, our local relationships with clients and our high-quality expertise through our expanding team of optometry and audiology specialists.
“We are delighted to be welcoming BGF to the Bayfields family as our long-term investment partner. The team has great sector expertise and a real understanding of our vision for the business, which will be invaluable as we enter this next stage of growth.”
Paul Herriott, corporate finance director at DSW, added: “We have admired Bayfields’ customer proposition and growth ambitions over recent years and are delighted to have advised Royston and the team on securing this important investment. The partnership between Bayfields and BGF will undoubtedly support the business to achieve even greater success in this very specialist and evolving market.”
The DSW team included Paul Herriott, Roger Esler and Bibin Johnson.
-
United KingdomMBO
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringNo Data
-
United KingdomMBO
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringWESTBRIDGE has backed the management buyout of APEM Limited, Europe’s leading independent environmental consultancy specialising in the aquatic environment and remote sensing.
The deal has seen WestBridge invest £9.8 million in a combination of equity and loan notes, which will support the company’s growth ambitions as it develops complementary service lines to support its clients’ needs.
Established in 1990, APEM provides environmental consultancy, laboratory services, field surveys and remote sensing capabilities to a range of sectors including water, power, engineering, construction and transport.
The business is considered the thought-leader in its niche with clients that include blue chip companies, government bodies and regulatory authorities, such as the Environment Agency and DEFRA.
Headquartered in Stockport and with a turnover of £10 million, APEM has eight offices across the UK, one in Germany and one soon to open in the USA, all supported by over 100 highly qualified staff.
The transaction was led by Guy Davies and Valerie Kendall, founding partners at WestBridge, who will both join the board, supported by investment managers Edward Minton and James MacLeay.
Valerie Kendall said: “This is exactly the type of authoritative business we like to invest in and, most importantly, the chemistry with the team feels right. We are very much looking forward to working with Adrian, Stuart and their colleagues, who are acknowledged experts in this fast-growing niche sector.
“Although APEM is already successful, we have collectively identified areas of untapped potential to help grow the business further, both organically and through acquisition.”
Guy Davies added: “APEM is a well-respected and well-run business providing a number of essential services that are resilient to market forces and underpinned by government policy and regulation, which is becoming increasingly stringent.
“We are also delighted with the work undertaken by the Dow Schofield Watts team, led by Peter Barkley, who supported WestBridge with this transaction. Their strong environmental consulting M&A credentials assisted us greatly.”
Dr Adrian Williams, managing director at APEM, said: “We are delighted to conclude this deal. As well as enabling us to develop a wider suite of specialist services across the UK, it allows us to exploit the huge growth potential presented by the US offshore wind market.
“We were impressed with the WestBridge team and feel our respective strengths herald an exciting future. We are looking forward to partnering with WestBridge over the next few years.”
Yorkshire Bank provided senior lending and working capital facilities to the group. Jane Hartley, senior director, said: “The team at APEM are influencers in their field – their expertise and approach is extremely well-respected and there is huge potential to take the business forward. At Yorkshire Bank, we are committed to supporting SMEs in the north west grow and develop and it’s an exciting time to be working with such an impressive business, like APEM, as they look to the next stage of their journey, including expanding their international presence.”
Peter Barkley and Thomas Dutton of Dow Schofield Watts Corporate Finance provided bid support and debt advisory to WestBridge. Peter Barkley commented: “We are delighted to have assisted WestBridge in making this investment and to have worked with them and management in developing their joint vision for the future of APEM. WestBridge’s experience and ambition combined with APEM’s outstanding reputation is a great fit and we look forward to seeing the business continue to grow.”
-
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Financial ServicesInflexion Private Equity has backed the simultaneous buyout and immediate merger of Bollington Insurance Brokers and Wilsons Insurance Brokers.
The new structure, Bollington Wilson Group, will be one of the UK’s leading independent insurance brokers, generating annual gross written premiums in excess of £120m.
Dow Schofield Watts arranged the deal having introduced both companies to Inflexion. Focused on niche products across the UK, Cheshire-based Bollington and Manchester-based Wilsons operate complementary product lines in commercial and personal insurance. The group will focus on UK expansion, creating a diversified platform from which to accelerate growth through scale and add-on acquisitions. The businesses will continue to trade under their independent brands.
Capitalising on its track record in acquisitive growth and the fragmented nature of the insurance broker market, Inflexion will help create significant value through a buy and build programme. Working closely with Paul Moors and John Wilson, respectively CEO and Chairman of Bollington Wilson Group, Inflexion will help to digitally enhance and integrate operations; this will create a strong platform to support acquisitions and embed customer service excellence.
Paul Moors, Bollington Wilson Group CEO, commented: “We believe this creates more choice and more flexibility for all of our valued customers. With Inflexion’s track record in integration and acquisitive growth we are truly excited about the future of our new group.”
Mark Watts and Gregg Pendlington of Dow Schofield Watts arranged the deal. Gregg Pendlington said “The complementary nature of Bollington and Wilsons was immediately apparent to us, and Inflexion, which has backed the combined management team in a compelling merger buy and build plan. We look forward to working with Inflexion and Management as they execute that plan.”
-
United KingdomFundraising
Funder
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomAcquisition
Deal ByHNH(Pandea Member Firm)Transport & Logistics -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Transport & Logistics -
United KingdomAcquisition
Target
Deal ByHNH(Pandea Member Firm)Technology, Media & Communications -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Technology, Media & Communications -
United KingdomAcquisition
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Real Estate -
United KingdomMBO
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Real Estate -
United KingdomAcquisition
Deal ByHNH(Pandea Member Firm)Real Estate -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Industrials & Manufacturing -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Industrials & Manufacturing -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Industrials & Manufacturing -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Industrials & Manufacturing -
United KingdomPE
Deal ByHNH(Pandea Member Firm)Industrials & Manufacturing -
United KingdomRefinance
Deal ByHNH(Pandea Member Firm)Industrials & Manufacturing -
United KingdomAcquisition
Deal ByHNH(Pandea Member Firm)Industrials & Manufacturing -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Industrials & Manufacturing
-
United KingdomMBO
Buyer
Deal ByHNH(Pandea Member Firm)Industrials & Manufacturing -
United KingdomAcquisition
Deal ByHNH(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomPE
Deal ByHNH(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomAcquisition
Buyer
Deal ByHNH(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomDisposal
Deal ByDow Schofield Watts(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomGrowth Capital
Deal ByHNH(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomAcquisition
Deal ByHNH(Pandea Member Firm)Healthcare & Life Sciences -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Financial Services -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Energy & Utilities -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Energy & Utilities -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Energy & Utilities -
United KingdomAcquisition
Target
Deal ByHNH(Pandea Member Firm)Energy & Utilities -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Energy & Utilities -
United KingdomFundraising
Deal ByHNH(Pandea Member Firm)Energy & Utilities -
United KingdomAcquisition
TargetDeal ByHNH(Pandea Member Firm)Energy & Utilities -
United KingdomBIMBO
Funder
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & Retail -
United KingdomMBO
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & Retail -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & Retail -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & Retail -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Consumer & Retail -
United KingdomAcquisition
Target
Deal ByHNH(Pandea Member Firm)Consumer & Retail -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringDSW advises on disposal of Insurance Services Provider to Swedish Infrastructure Technology Group in £25m deal
Auger Site Investigations Limited – the market-leading UK specialist in claims management of underground infrastructure (water, drainage, subsidence) for the insurance industry – has been acquired by Sdiptech AB for a purchase price of up to £25m.
Dow Schofield Watts Corporate Finance, Dow Schofield Watts Tax Consulting, DWF and Crabtree Capital advised on the deal.
Established in 1994 and based in Wallasey, Wirral, Auger now employs over 100 staff, providing specialist claims management, validation and repair services with nationwide coverage to some of the UK’s leading insurers.
Under the terms of the deal, the management team led by the founder Dave Brewster – will remain in place and the Auger brand will also be retained.
Sdiptech AB, listed on the Nasdaq First North Stock Exchange, is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate.
Jakob Holm, Sdiptech CEO, commented:
“Auger Site Investigations Ltd has a leading position on the UK insurance market for claims management of water, drainage and subsidence damages. This position has been established by systematically delivering superior customer satisfaction and a unique digital platform connecting insurers, policy holders and internal operations. The market is non-cyclical and, due to aging infrastructure, showing slow but steady growth from increasing pipe leakages and blockages. Auger Site Investigations Ltd fits well with our strategic focus areas for continued expansion and will be included in our business area Special Infrastructure Solutions.
We welcome founder and Managing Director, Dave Brewster and his team to the Sdiptech Group and look forward to continuing to grow the company together with them.”
The shareholders of Auger were advised by Philip Price and Daniel Walker of Dow Schofield Watts Corporate Finance. Legal advisors to Auger were DWF led by Paul Rimmer, Paul Pignatelli and Rosie Spencer, with additional advice provided by Simon Denye of Dow Schofield Watts Tax Consulting and Joanne Dodd of Crabtree Capital.
Philip Price, Partner at Dow Schofield Watts said:
“It is a pleasure to have supported the shareholders of Auger in securing a fantastic deal for them and their stakeholders.”
“The transaction is another example of DSW’s international disposal credentials, in particular in the infrastructure and insurance; UK mid-market companies continue to be attractive targets for international buyers regardless of current political and economic uncertainty in the UK.”
-
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & EngineeringEnvironmental and engineering services specialist RSK Group has expanded with the acquisition of a multidisciplinary site remediation company. RSK was advised by Tony Meakin of Dow Schofield Watts Corporate Finance and Nicola Merritt of Dow Schofield Watts Transaction Services.
With headquarters in Sittingbourne and further offices in Stafford, Devon and Bologna, Ecologia Environmental Solutions employs a workforce of 45.
Founded in 2000, it provides services across contaminated land consultancy, site investigation and remediation, and specialised support for environmental claims.
The business has previously supported Cheshire-based RSK on a range of projects, most recently in Africa and the Dominican Republic.
RSK chief executive and founder Alan Ryder said: “It is a fantastic company that will complement RSK’s existing businesses, such as RemedX. Ecologia’s spill response work and experience in the insurance market will also complement RSK Response and RSK Raw.
“I am delighted to welcome Ecologia to the group and look forward to exploring new opportunities for us all.”
Ecologia will join RSK’s contracting division under the direction of divisional director Claire Knighton.
Managing director Giacomo Maini added: “Ecologia has an established and growing reputation in the contaminated land industry. We are looking forward to taking the next step with the support of RSK’s vast internal network and central resources.”
Ecologia is the latest acquisition under RSK’s funding package from Ares Capital Europe and a revolving credit facility provided by NatWest, announced in December 2018.
-
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Construction & Engineering
-
United KingdomDisposal
Buyer
Deal ByHNH(Pandea Member Firm)Construction & Engineering -
United KingdomAcquisition
Target
Deal ByHNH(Pandea Member Firm)Construction & Engineering -
United KingdomSale
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Business Support Services -
United KingdomDisposal
Buyer
Deal ByDow Schofield Watts(Pandea Member Firm)Business Support Services -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Business Support Services -
United KingdomAcquisition
Target
Deal ByDow Schofield Watts(Pandea Member Firm)Business Support Services