London office marks start of accelerated expansion for Dow Schofield Watts

Dow Schofield Watts, the North’s leading independent business advisory firm, has taken the first step in its plans for a national roll-out with the launch of a London office. The new office in Covent Garden will initially offer due diligence services and will be led by Richard Hooper, who joins from Deloitte, and James Killing … Continued

Foresight invests £2m in buy-out at contract research firm

Epistem, a Manchester-based contract research organisation, has received a £2m investment from Foresight Group to support its management buy-out from genedrive plc. Dow Schofield Watts Transaction Services advised on the deal. The buy-out was led by Dr Catherine Booth, one of the original founders of Epistem and expert in epithelial stem cell biology, who will … Continued

PHD Hosts Fund 2 Investor Day

PHD Equity Partners – the fund management arm of the Dow Schofield Watts group – marked its 10th anniversary with a private reception which gave investors the opportunity to meet the companies they are supporting. Over 20 investors attended the event at DSW’s Daresbury offices. They heard from CEOs or directors of each of PHD’s … Continued

How much to raise – June 2018

Over the last year we’ve seen about 250 pitch decks, from teams at differing stages, with wildly differing views on funding amounts and valuations (the question of valuation is inextricably linked to the amount of the raise; I’ll try come back to that in a future article). We expect founders to come to us with … Continued

Liverpool development put up for sale as developer goes into administration

Victoria House – a Liverpool city centre development which was being converted into residential apartments – has been put up for sale following the administration of the company behind it. Pinnacle Residential (Liverpool) Ltd was placed into administration on 5 April 2018, with Lisa Marie Moxon and John Allan Carpenter of Dow Schofield Watts Business … Continued

NorthEdge backs buy-out of fleet management specialist

NorthEdge Capital has supported the MBO of Prohire, a specialist provider of commercial fleet management solutions. Dow Schofield Watts Transaction Services advised NorthEdge on the deal. Based in Stoke-on-Trent with an office in Tunbridge Wells, Prohire provides vehicle specification, procurement, funding and fleet management services to commercial operators. The business has increased turnover by over … Continued

National Museums Liverpool Trustee Extensions

The Rt Hon Matthew Hancock MP has extended the terms of Andrew McCluskey and Philip Price as Trustees of the National Museums Liverpool board for a 1 year, commencing on 8 June 2019, and 10 September 2019 respectively. Philip Price Philip is a leading figure within the North West investment community. He is an owner director … Continued

Team Grows at Forensic Specialist DSW Bridge Houghton Forensic

Independent forensic firm DSW Bridge Houghton Forensic has further expanded its team with the appointment of Aaron Pegg.  Aaron joins the practice from BDO, where he spent seven years, initially working in audit before transferring to the forensic department.   A Cambridge graduate, Aaron has worked in BDO’s London and Manchester forensic departments and also spent a year on secondment to the Serious Fraud Office where he worked … Continued

Telecoms firm on right wavelength with third acquisition

DSW Transaction Services advised Birmingham-based communications and telephony specialist Wavenet on its acquisition of its long-standing partner APR Telecoms, APR, based in Norfolk, provides business solutions including telephony, data, VoIP and cloud. The acquisition, which follows those of another Norfolk-based Swains and Manchester-based Talk Internet in 2017, further develops Wavenet’s position in the UK market … Continued

Six reasons to use IT due diligence in M&A deals

IT is intrinsic to many business operations today, so understanding the capabilities, limitations and risks of a company’s systems is important for anyone considering an acquisition. “IT systems are critical to a business’s ongoing success and its growth plans,” says Graham Pollitt of Dow Schofield Watts IT Advisory. “Without understanding the IT systems and having … Continued

Transaction services team advise on Deal of the Month

NorthEdge Capital’s investment in the West Yorkshire manufacturer Platinum Stairlifts – on which Dow Schofield Watts Transaction Services advised – has been named as Yorkshire Insider’s Deal of the Month for February. Platinum, based in Keighley, designs and manufactures a full suite of stairlift products. The company employs over 100 staff and distributes to more … Continued

Checkmate! YFM backs MBO of fire solutions firm

Private equity firm YFM Equity Partners has backed the MBO of Checkmate Fire Solutions, a Leeds-based fire protection provider. Dow Schofield Watts Transaction Services advised YFM on the deal. Checkmate Fire provides services including survey, design, specification and installation of solutions for fire stopping/air sealing, fire boarding and structural steel protection. The management team led … Continued

NVM invests £5m in home beauty device retailer

NVM Private Equity has led a £5 million growth capital minority investment into Manchester-based CURRENTBODY, an online retailer for home-use beauty devices.   Dow Schofield Watts Transaction Services advised NVM on the deal, which will help support the company in its next phase of expansion and its working capital requirements.  Co-founded by Laurence Newman and Andrew … Continued