The Yorkshire & North East office of DSW has enjoyed a very busy period, completing a series of deals in a range of sectors right across the region and topping the Experian league table for the most active adviser in Q1 2016.
Market activity for buying, selling and refinancing businesses continues to be strong. This reflects the sound economic fundamentals, a rejuvenated banking market, excellent and diverse availability of equity and growth capital and the strategic aspirations of trade buyers from multiple jurisdictions.
Our specialist teams in Corporate Finance, Transaction Services and Forensic continue to grow and we recently welcomed Matt Thompson who joined the Corporate Finance team from EY and former PwC professional, Jeff Gardner, to the Transaction Services team.
Here is a flavour of what we have been up to recently:
DSW advised on the sale of a 75% stake in Goole-based Simon Gibson Transport Limited
DSW advised on the sale of a 75% stake in Goole-based Simon Gibson Transport Limited which is a specialist in bulk powder transport, handling and storage, to French logistics giant Groupe Charles Andre. Based in Montelimar, France, GCA was founded in 1932 and operates in 15 countries with expertise in the fields of chemical products, hydrocarbons, construction and dry-bulk products.
DSW provided financial due diligence for BGF and Shawbrook investments in Durham-based engineering company
DSW provided financial due diligence on behalf of BGF for the £6m investment in Durham-based Altec Engineering Limited and the bolt-on acquisition of Ronco Engineering Limited. Subsequent financial due diligence was provided for Shawbrook Business Credit for the £3m working capital facility extended to Altec.
DSW advised on the Vendor Initiated MBO of Barnsley-based Yorkshire Repak Limited
DSW advised on the Vendor Initiated MBO of Barnsley-based Yorkshire Repak Limited and led the associated fundraising from HSBC. Yorkshire Repak is a specialist provider of secondary inspection and contract packing services to the drinks and glass container manufacturing industries across the UK and Europe, counting high-profile companies such as Allied Glass Ltd., Heineken, ABInBev, G & J Distillers and Ardagh among its customers.
DSW provided financial due diligence on behalf of Mobeus Equity Partner’s £3.7m investment in Doncaster-based business
DSW provided financial due diligence on behalf of Mobeus Equity Partner’s £3.7m investment in the Doncaster-based aviation security business, Redline Assured Security.
DSW advised on the sale of Shipley-based SpaceKraft
DSW advised on the sale of Shipley-based SpaceKraft, a developer of sensory products for the special educational needs market. Its customers include carers and teachers and before the sale was part of RM plc, a listed £180m-turnover provider of information technology to the education sector.
DSW undertook an extensive vendor assistance role on behalf of SAS International Limited
DSW undertook an extensive vendor assistance role on behalf of SAS International Limited. The engagement supported management in the preparation of carve out financial information, readiness for sale support and overall project management for the disposal of SAS Direct which was acquired by Sheffield-based SIG Plc.
DSW advised on the MBO of Hull-based CPD plc
DSW has advised on the MBO of CPD plc, a leading distributor of janitorial and cleaning products based in Hull, funded by Barclays. Founded in 1988, CPD has established itself as one of the leaders in the UK janitorial and cleaning market with turnover of £25m and supplies to national accounts as well as local businesses across the Humber and East Yorkshire.
DSW conducted financial due diligence on behalf of RBS and Nicholas Associates Group
DSW conducted financial due diligence on behalf of RBS and Nicholas Associates Group, a Rotherham based recruitment business, in its acquisition of the specialist HR recruitment company Ashley Kate HR Limited.