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

Deal makes Castlerock one of UK’s biggest healthcare recruiters

Merseyside-based Castlerock Recruitment Group (CRG) has acquired a national counterpart, Healthcare Locums (HCL), in a deal which creates one of the largest providers of health and social care professionals across the public and private sectors. Dow Schofield Watts Transaction Services advised CRG on the deal, which will see it expand its services into India, Italy … Continued

DSW shortlisted for six Yorkshire Accountancy Awards

Dow Schofield Watts is in the running for no fewer than six awards at the upcoming Yorkshire Accountancy Awards, which celebrate the achievements of individuals and firms of all sizes in the region. Dow Schofield Watts has been shortlisted for: Advisory Team of the Year (DSW Transaction Services) Partner of the Year (Rob McCarthy) Independent … Continued

Avanite secures £500k as angel network complete first investment

Dow Schofield Watts Angels – the new Northern angel network – has completed its inaugural deal, with a £500,000 investment in Warrington-based software company Avanite.  Over 30 angel investors took part in the funding round, which will allow Avanite to expand its team to speed up product development and boost sales.  Founded in 2015 by IT consultants Peter Jones and Francesco Giarletta, Avanite has found a way to help … Continued

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