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 be supported by a strong executive team.  … Continued

Social climbing’ business raises PE investment for growth

An indoor climbing business with sites in Liverpool, London and Plymouth has received investment from NVM Private Equity to allow it to expand.  The Climbing Hangar targets climbers and non-climbers looking for a sociable way to keep fit. The business, which is based in Liverpool, was founded in 2010 by Ged Macdomhnaill.  Rob McCarthy of Dow Schofield Watts Transaction Services … Continued

Holiday park operator doubles in size with 2 new sites

Holiday park operator Coppergreen has acquired two sites in the East Midlands after securing £25m from BGF and HSBC to support the acquisitions. Dow Schofield Watts Transaction Services advised on the deal. The acquisition of Clumber Park in Nottinghamshire and Kenwick Park Golf Hotel and Spa and Lodge Park in Lincolnshire has doubled the size … Continued

DSW advises on £4m maiden investment by EV Growth II

ParkCloud – an award-winning aggregator site which allows drivers to pre-book car park spaces online – has secured £4m from Mercia Fund Managers.   Dow Schofield Watts Transaction Services advised Mercia on the investment, which is the first from its 45.1m EV Growth II Fund.   The funding will enable ParkCloud to further develop its … Continued

Sale of laser cutting firm saves 25 jobs

The administrators of a Blackburn-based precision engineering and laser cutting business have secured the jobs of all 25 staff after securing a buyer for the business.   Laser Shapes (NW) Ltd has been acquired by Metallurgical Processing Limited, which is part of the ARC Group. The deal follows an extensive marketing exercise carried out by … Continued

Sale of Heron Foods to B&M in £152m deal

DSW’s Yorkshire & North East corporate finance team has provided independent advice to one of the selling shareholders in Heron Foods in its sale to EV Retail, a subsidiary of Speke- headquartered discount retailer B&M, in a £152m deal. The transaction followed a period of review of strategic options for the group and several months … Continued

5 tips for research companies seeking investors or buyers

The level of mergers and acquisitions amongst contract research organisations (CROs) shows no signs of abating and interest from investors remains high, according to Dow Schofield Watts Transaction Services. The team have provided financial due diligence on a number of recent deals in the sector, including Foresight Group’s investments in Epistem and Mologic, Concept Life … Continued

DSW Private Client Tax App

At DSW Private Client Tax we have developed an App to make our clients and contact’s lives easier when it comes to their tax obligations. You can download our free App and use it for the latest calculators, tax rates, currencies and key financial information, and share this with colleagues and friends. Quick access to … Continued

DSW helps children become circus stars!

A charity which gives underprivileged children and those with disabilities the chance to become a ‘circus star’ for a day has received support from Dow Schofield Watts for the third year running. The firm has paid for a number of children in the North to visit performances by Circus Starr, a touring professional circus which gives … Continued

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

Dow Schofield Watts Transaction Services advised Foresight on its £2m investment in Epistem, a Manchester-based contract research organisation. It is the fourth contract research deal for which DSW has provided financial due diligence and highlights its expertise within the sector. Foresight’s investment will support Epistem’s management buy-out from genedrive plc, and will enable the company … 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

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