Bestinvest, the UK wealth manager and online investment service, has agreed to be acquired by a company owned by the Permira funds for an undisclosed sum. The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2014. Jamieson Corporate Finance advised Peter Hall (CEO) and the other senior managers of Bestinvest on structuring the terms of their reinvestment and new equity incentive arrangements.
Bestinvest looks after some £5 billion of client assets and it provides a range of services for private investors whether they choose to make their own decisions or require investment advice, financial planning and investment management.
The UK wealth management industry offers attractive growth dynamics with assets increasing in excess of 10% annually in recent years. Despite recent consolidation it still remains very fragmented with a long tail of subscale firms with under £3 billion of client assets. The Permira funds will back Bestinvest’s plans to capitalise on the “advice gap” resulting from the Retail Distribution Review and will also help Bestinvest participate in the on-going industry consolidation.
The Jamieson engagement team comprised Stuart Coventry, John Greenland and David Kirkpatrick.
TDR Capital LLP, the UK based private equity firm, has acquired David Lloyd Leisure Limited, the UK based operator of racquets, health, and fitness clubs, from the investment consortium consisting of London & Regional and Caird Capital, for an undisclosed consideration. Jamieson advised Scott Lloyd, CEO, and the management team as part of the transaction.
David Lloyd operates 81 clubs in the UK and a further 10 across Europe with a pipeline of more than 20 potential additional sites in the UK.
Jamieson has now advised on three of the biggest private equity deals in the UK in 2013 (David Lloyd, Domestic & General, and Vue Cinemas)
The Jamieson engagement team comprised Stuart Coventry and Matt Hucker.
TowerBrook Capital Partners, L.P., has agreed to acquire a controlling stake in AIM Aviation Limited (“AIM Aviation”) from LDC. Jamieson Corporate Finance advised Mark Edwards (CEO) and the other senior managers of the company on structuring the terms of their reinvestment and new equity incentive arrangements.
AIM Aviation is one of the leading global suppliers of cabin interiors to the world’s top airlines and OEM’s including Boeing, Airbus and manufacturers of regional aircraft. Based in Bournemouth, the company employs over 800 people.
This is the second time that Jamieson has acted for the management team, having previously advised on the LDC backed management buyout in June 2010.
Completion of the transaction is subject to international regulatory clearances and is expected to take place during Q4 2013. The Jamieson engagement team comprised Ian Jamieson, Matt Hucker and David Kirkpatrick.
Arthur J Gallagher has acquired Giles Insurance from Charterhouse Capital Partners and the management team. The combined operation will now boast some 70 offices and 3,100 staff in the UK. Brendan McManus will join the AJG international executive committee, led by David Ross, AJG CEO.
The process was a competitive auction with strong interest from both trade and private equity.
Jamieson provided detailed financial analysis and advice to Chris Giles throughout the process managing it to completion.
CVC Capital Partners has acquired Domestic & General Group in partnership with the existing management team. The deal is one of the largest private equity transactions in the UK this year. Jamieson advised the team led by John Pearmund, CEO, on structuring the terms of their reinvestment and new equity incentive arrangements.
D&G is Europe’s leading extended warranty specialist with operations spanning the UK and 9 other European countries, as well as Australia and New Zealand. The group provides product protection on over 22m major appliances and consumer electronic products, for 15m customers, generating annual sales of over GBP 600m. D&G has long-standing partnerships with the major appliance manufacturers and retailers, to provide consumers with extended warranty services across the full range of domestic appliances.
The process was a competitive auction with strong interest from a number of private equity houses. Management’s terms were negotiated within a tight timescale and the entire team will remain with the company after the completion of the deal, reinvesting a “significant proportion” of their proceeds from the sale.
Completion of the transaction is subject to customary regulatory clearances and is expected to take place during Q4 2013.
Jamieson Corporate Finance is pleased to announce its role as the advisers to the Management on the acquisition of Key Travel Holdings Limited (“Key Travel”) by Living Bridge.
The deal will enable the management buyout of the business led by Spence Knudson (CEO) and Sean Kelly (US President) and will support the business as it looks to grow its presence in the UK academic market, and continue its penetration of the UK charity market, retaining its current status as market leader in this field. The investment will also support the company as it looks to accelerate its growth in the US.
Investcorp has agreed to acquire Tyrrells Potato Crisps, the manufacturer of premium crisps and snacks from Langholm Capital for £100 million. As part of the process Jamieson Corporate Finance advised David Milner (CEO) and the other senior managers of the company on their reinvestment alongside Investcorp.
Founded at Tyrrells Court Farm, Herefordshire, in 2002, Tyrrells is recognised for its tasty hand cooked potato and vegetable crisps as well as exciting range of premium snacks, including popcorn and savoury nibbles. Available across an array of UK distribution channels, Tyrrells has also expanded internationally, with markets such as Germany, France, the Netherlands and North America today accounting for approximately 20% of group turnover. The company employs 270 people and generates in excess of £100 million in retail sales value.
Jamieson Corporate Finance is pleased to announce its role as the advisers to Louise Rogers, Bill Donoghue and Matthew O’Sullivan on the acquisition of TSL Education Limited (“TSL”) by TPG Capital L.P., for a total consideration of £400m.
Under the leadership of Louise Rogers, TSL has been transformed from a publications company into a truly global digital education business. Today, TSL’s flagship platform TES Connect is home to more than 620,000 teaching resources and connects a community of 52 million teachers and students across the globe. TES Connect is now the largest single-professional network in the world and up to 8 lesson plans are downloaded every second by teachers in 197 countries.
The management team reinvested part of their proceeds from the transaction and will remain with the Business to continue to drive the international growth.
Water and coffee services provider Eden Springs has signed an agreement for the sale of its business to investment funds affiliated with Rhône Capital LLC. The acquisition is being made based on an enterprise value for Eden of circa €240m. Jamieson Corporate Finance has provided advice to the management team led by CEO Raanan Zilberman, in relation to their investment and participation in the acquisition vehicle.
Following the completion of the proposed transaction, the company's existing management team, with support from Rhône Capital and its affiliates (Rhône), will continue to develop and grow the company through investing in organic growth, developing new products and pursuing consolidation of complementary businesses.
Eden is the largest company in its field in Europe. The company provides water and coffee services to more than half a million offices across the 15 countries in which it has presence, and operates a network of circa 27 springs, 150 branches and 1,000 service vehicles. Eden has a turnover of circa €260m and earnings before interest, taxes depreciation and amortisation (operating EBITDA) of circa €50m.
Jamieson Corporate Finance (“JCF”) is pleased to announce its role as adviser to the management team of Vue Entertainment Ltd (“Vue”), on their acquisition by OMERS Private Equity Inc. and pension-fund manager Alberta Investment Management Corp., for a total consideration of £935m.
This is the second time Jamieson has advised the Vue management team, led by J Timothy Richards (CEO) and Alan McNair (CFO). Management will remain with the business having reinvested a significant proportion of their proceeds.
JCF advised the management team in 2010 during their acquisition by Doughty Hanson (“DH”). Under the DH ownership, Vue has shown impressive growth, doubling the number of cinemas it owns by acquiring Apollo Cinemas in the UK (in May 2012), CinemaxX, Germany’s second largest operator (in July 2012) and Multikino, the second largest operator in Poland (in May 2013).
The JCF engagement team comprised Ian Jamieson, Stuart Coventry, John Greenland and Eva Sajbenova.
|None||Mycom||< £100m||Management Advice||TMT|
|Nov. 1, 2018||DSM||Undisclosed||Management Advice||Industrials|
|Nov. 1, 2018||NEC||> £500m||Management Advice||Consumer|
|Oct. 3, 2018||Alcaliber||£100m - £500m||Management Advice||Healthcare|
|Oct. 1, 2018||Scandlines||> £500m||Management Advice||Consumer|
|Sept. 3, 2018||Cognita||> £500m||Management Advice||Consumer|
|Aug. 21, 2018||Tangerine||Undisclosed||Management Advice||Consumer|
|Aug. 1, 2018||BBB||Undisclosed||Management Advice||Industrials|
|July 25, 2018||FirstLight||Undisclosed||Management Advice||TMT|
|July 14, 2018||CRF||Undisclosed||Management Advice||Healthcare|
|July 12, 2018||Envorotainer||Undisclosed||Management Advice||Industrials|
|July 4, 2018||Ammeraal Beltech||Undisclosed||Management Advice||Industrials|
|July 3, 2018||Helly Hansen||> £500m||Management Advice||Consumer|
|July 2, 2018||GRJ||Undisclosed||Management Advice||Consumer|
|June 28, 2018||Italmatch||Undisclosed||Management Advice||Industrials|
|June 27, 2018||Portman Health||Undisclosed||Management Advice||Healthcare|
|June 19, 2018||WFS||> £500m||Management Advice||Business Services|
|June 11, 2018||Instant Group||Undisclosed||Management Advice||Business Services|
|June 7, 2018||Linnaeus||Undisclosed||Management Advice||Healthcare|
|June 4, 2018||Dwyer||Undisclosed||Management Advice||Business Services|
|June 4, 2018||Ob||Undisclosed||Management Advice||Healthcare|
|June 1, 2018||ETC Venues||Undisclosed||Management Advice||Business Services|
|May 31, 2018||UK Power||Undisclosed||Management Advice||Industrials|
|May 30, 2018||Vision RT||Undisclosed||Management Advice||Healthcare|
|May 29, 2018||Key Travel||Undisclosed||Management Advice||Consumer|
|May 18, 2018||EIS||Undisclosed||Management Advice||Business Services|
|May 14, 2018||Ufinet||Undisclosed||Management Advice||TMT|
|May 14, 2018||Financial Express||Undisclosed||Management Advice||Financial Services|
|May 9, 2018||Corin||Undisclosed||Management Advice||Healthcare|
|May 4, 2018||ICS Learn||< £100m||Management Advice||Business Services|
|March 27, 2018||SWF||Undisclosed||Management Advice||Financial Services|
|March 26, 2018||Interoute||> £500m||Management Advice||TMT|
|March 13, 2018||LCG||Undisclosed||Business Services|
|Feb. 19, 2018||Dental Clinics||Undisclosed||Management Advice||Healthcare|
|Feb. 14, 2018||Ask4||Undisclosed||Management Advice||TMT|
|Feb. 7, 2018||Cyanco||Undisclosed||Management Advice||Industrials|
|Jan. 31, 2018||Active Assist||£100m - £500m||Management Advice||Healthcare|
|Jan. 1, 2018||Paysafe||> £500m||Management Advice||Business Services|
|Dec. 18, 2017||Old Mutual||> £500m||Management Advice||Financial Services|
|Nov. 22, 2017||Dealogic||Undisclosed||Management Advice||Business Services|
|Nov. 3, 2017||Puregym||Undisclosed||Management Advice||Consumer|
|Oct. 27, 2017||TMF||> £500m||Management Advice||Business Services|
|Oct. 12, 2017||Genesis Capital||£100m - £500m||Management Advice||Financial Services|
|Oct. 11, 2017||Ceramtec||Undisclosed||Management Advice||Industrials|
|Oct. 2, 2017||Dent Connect||Undisclosed||Management Advice||Healthcare|
|Sept. 1, 2017||Clarion Events||> £500m||Management Advice||Business Services|
|Sept. 1, 2017||Matchesfashion||Undisclosed||Management Advice||Consumer|
|Aug. 13, 2017||Eating Recovery Centre||Undisclosed||Management Advice||Healthcare|
|Aug. 1, 2017||Miller Homes||> £500m||Management Advice||Industrials|
|July 26, 2017||Oasis Record Management||Undisclosed||Management Advice||Business Services|
|July 24, 2017||Nature's Bounty||> £500m||Management Advice||Consumer|
|July 18, 2017||Praesidiad||> £500m||Management Advice||Industrials|
|July 11, 2017||Voogd & Voogd||£100m - £500m||Management Advice||Financial Services|
|July 3, 2017||Mergermarket||> £500m||Management Advice||TMT|
|June 15, 2017||Willerby||Undisclosed||Management Advice||Consumer|
|May 18, 2017||Keter||> £500m||Management Advice||Industrials|
|May 11, 2017||Neptune Oil & Gas||> £500m||Management Advice||Industrials|
|March 21, 2017||ESG||Undisclosed||Management Advice||Healthcare|
|March 3, 2017||MKM||£100m - £500m||Management Advice||Industrials|
|Feb. 21, 2017||Zabka||> £500m||Management Advice||Consumer|
|Feb. 16, 2017||OAG||Undisclosed||Management Advice||Business Services|
|Jan. 18, 2017||Allegro||> £500m||Management Advice||TMT|
|Dec. 12, 2016||Unilabs||Undisclosed||Management Advice||Healthcare|
|Dec. 8, 2016||IVC||Undisclosed||Management Advice||Healthcare|
|Nov. 22, 2016||Shorterm||< £100m||Management Advice||Business Services|
|Nov. 18, 2016||Oasis Healthcare||Undisclosed||Management Advice||Healthcare|
|Nov. 15, 2016||GB Railfreight||Undisclosed||Management Advice||Industrials|
|Nov. 9, 2016||Alter Domus||Undisclosed||Management Advice||Financial Services|
|Nov. 7, 2016||Sapec Agro||£100m - £500m||Management Advice||Industrials|
|Oct. 19, 2016||Elysium/PIC||£100m - £500m||Management Advice||Healthcare|
|Oct. 12, 2016||Interactive Investor||Undisclosed||Management Advice||Financial Services|
|Oct. 5, 2016||Tricor||Undisclosed||Management Advice||Business Services|
|Sept. 30, 2016||R&R Icecream||> £500m||Consumer|
|Sept. 20, 2016||GROUP IMD||Undisclosed||Management Advice||TMT|
|Aug. 27, 2016||Target||£100m - £500m||Management Advice||Financial Services|
|Aug. 17, 2016||Adapt||£100m - £500m||Management Advice||TMT|
|Aug. 6, 2016||Tyrells||£100m - £500m||Management Advice||Consumer|
|Aug. 4, 2016||TINSA||£100m - £500m||Management Advice||Business Services|
|June 30, 2016||IT Labs||< £100m||Management Advice||TMT|
|June 6, 2016||Radley||Undisclosed||Management Advice||Consumer|
|June 1, 2016||PCI Pharma Services||> £500m||Management Advice||Healthcare|
|May 30, 2016||Sisal||> £500m||Management Advice||TMT|
|May 23, 2016||Argus Media||> £500m||Management Advice||TMT|
|May 19, 2016||BPL||Undisclosed||Management Advice||Healthcare|
|April 27, 2016||Mayborn Group||£100m - £500m||Management Advice||Consumer|
|Jan. 28, 2016||Kinapse||£100m - £500m||Management Advice||Business Services|
|Jan. 15, 2016||SMYK||£100m - £500m||Management Advice||Consumer|
|Dec. 23, 2015||LIMA||£100m - £500m||Management Advice||Healthcare|
|Dec. 14, 2015||PIB||< £100m||
|Dec. 8, 2015||LGC||> £500m||Management Advice||Healthcare|
|Dec. 3, 2015||Bargain Hunt||Undisclosed||Management Advice||Consumer|
|Oct. 20, 2015||Photobox||£100m - £500m||Management Advice||Consumer|
|Oct. 19, 2015||Chime Communications||£100m - £500m||TMT|
|Oct. 12, 2015||Moto Hospitality||> £500m||Management Advice||Consumer|
|Sept. 23, 2015||Guardian||> £500m||Management Advice||Financial Services|
|Sept. 15, 2015||The Mill||£100m - £500m||Management Advice||TMT|
|Aug. 7, 2015||Lowell||> £500m||Management Advice||Financial Services|
|July 20, 2015||Deutsche Glasfaser||£100m - £500m||Management Advice||TMT|
|July 7, 2015||Six Degrees||£100m - £500m||Management Advice||TMT|
|July 7, 2015||Pepe Jeans||> £500m||Management Advice||Consumer|
|May 22, 2015||Vistra||> £500m||Management Advice||Financial Services|
|May 22, 2015||Orangefield||> £500m||Management Advice||Financial Services|
|May 20, 2015||The Foundry||£100m - £500m||Management Advice||TMT|
|May 14, 2015||New Look||> £500m||Management Advice||Consumer|
|May 12, 2015||Eurofiber||> £500m||Management Advice||TMT|
|March 26, 2015||Van Geloven||£100m - £500m||Management Advice||Consumer|
|Feb. 25, 2015||Ainscough Crane Hire||£100m - £500m||Management Advice||Industrials|
|Jan. 22, 2015||Trainline||£100m - £500m||Management Advice||TMT|
|Jan. 15, 2015||Clarion Events||£100m - £500m||Management Advice||TMT|
|Jan. 13, 2015||Premium Credit||£100m - £500m||Management Advice||Financial Services|
|Jan. 9, 2015||Honest Burgers||< £100m||M&A||Consumer|
|Dec. 1, 2014||Farrow & Ball||£100m - £500m||Management Advice||Consumer|
|Nov. 28, 2014||Keepmoat||£100m - £500m||Management Advice||Business Services|
|Nov. 12, 2014||United Biscuits||> £500m||Management Advice||Consumer|
|July 29, 2014||Pizza Express||> £500m||Management Advice||Consumer|
|July 22, 2014||Cath Kidston||£100m - £500m||Management Advice||Consumer|
|July 2, 2014||Sauflon Pharmaceuticals||> £500m||M&A||Healthcare|
|April 28, 2014||Innovia Group||> £500m||Management Advice||Industrials|
|April 22, 2014||NFT Distribution||< £100m||Management Advice||Business Services|
|April 11, 2014||Gates Global||> £500m||Management Advice||Industrials|
|Feb. 11, 2014||Marlin Financial||£100m - £500m||Management Advice||Financial Services|
|Feb. 4, 2014||Avast Software||> £500m||Management Advice||TMT|
|Jan. 13, 2014||The SJB Group||< £100m||M&A||Business Services|
|Nov. 20, 2013||Best Invest||£100m - £500m||Management Advice||Financial Services|
|Sept. 16, 2013||David Lloyd||> £500m||Management Advice||Consumer|
|Sept. 11, 2013||AIM Aviation||£100m - £500m||Management Advice||Industrials|
|Sept. 5, 2013||Giles Insurance||> £500m||M&A||Financial Services|
|Aug. 14, 2013||Domestic & General||> £500m||Management Advice||Financial Services|
|Aug. 9, 2013||Key Travel||< £100m||Management Advice||Business Services|
|Aug. 7, 2013||Tyrrells Potato Crisps||< £100m||Management Advice||Consumer|
|Aug. 5, 2013||TSL Education||£100m - £500m||Management Advice||TMT|
|July 1, 2013||Eden Springs||£100m - £500m||Management Advice||Business Services|
|June 18, 2013||VUE Entertainment||> £500m||Management Advice||Consumer|
|May 15, 2013||Cabot Credit Management||£100m - £500m||Management Advice||Financial Services|
|May 1, 2013||Foodcorp||> £500m||Management Advice||Consumer|
|May 1, 2013||Oasis||£100m - £500m||Management Advice||Healthcare|
|April 15, 2013||UBM Data Services||£100m - £500m||Management Advice||TMT|
|April 11, 2013||Hillcrest||< £100m||Healthcare|
|March 20, 2013||Fever-Tree||< £100m||Management Advice||Consumer|
|Dec. 12, 2012||Dexter Axle||£100m - £500m||Management Advice||Industrials|
|Dec. 11, 2012||Aurum||£100m - £500m||Management Advice||Consumer|
|Dec. 6, 2012||Intertrust||> £500m||Management Advice||Financial Services|
|Oct. 26, 2012||HSS||£100m - £500m||Management Advice||Business Services|
|Oct. 15, 2012||Dematic||> £500m||Management Advice||Industrials|
|Sept. 26, 2012||Air Distribution||> £500m||Management Advice||Industrials|
|Sept. 18, 2012||Eurofiber BV||£100m - £500m||Management Advice||TMT|
|Aug. 19, 2012||Georg Jensen||£100m - £500m||Management Advice||Consumer|
|Aug. 5, 2012||Orange Telecom||> £500m||Management Advice||TMT|
|June 20, 2012||GlobeOp Financial Services||£100m - £500m||Management Advice||Financial Services|
|April 30, 2012||Schrader||£100m - £500m||Management Advice||Industrials|
|April 30, 2012||Four Seasons Healthcare||> £500m||Management Advice||Healthcare|
|Dec. 8, 2011||Wiggle||£100m - £500m||Management Advice||Consumer|
|Sept. 20, 2011||Thomson Reuters Trade and Risk Management||£100m - £500m||Management Advice||TMT|
|July 19, 2011||Atos Medical||£100m - £500m||Management Advice||Healthcare|
|May 3, 2011||Dometic||£100m - £500m||Management Advice||Industrials|
|April 18, 2011||The Mill||£100m - £500m||Management Advice||TMT|
|April 6, 2011||Icon||< £100m||M&A||TMT|
|Nov. 8, 2010||Vue Cinemas||> £500m||Management Advice||Consumer|
|Oct. 27, 2010||Brit||> £500m||Management Advice||Financial Services|
|Sept. 21, 2010||NSL||£100m - £500m||Management Advice||Business Services|
|Sept. 14, 2010||Equity Trust||£100m - £500m||Management Advice||Financial Services|
|July 28, 2010||Tomkins||> £500m||Management Advice||Industrials|
|June 30, 2010||Aim Aviation||£100m - £500m||Management Advice||Industrials|
|April 29, 2010||Team Telecom||< £100m||M&A||TMT|
|April 12, 2010||Archimedes Pharma||< £100m||Management Advice||Healthcare|
|March 23, 2010||British Car Auctions||£100m - £500m||Management Advice||Business Services|
|Feb. 5, 2010||Habitat||£100m - £500m||Management Advice||Consumer|
|Nov. 27, 2009||ADP Dental||< £100m||
|Sept. 17, 2009||Intertrust||£100m - £500m||Management Advice||Financial Services|
|Sept. 11, 2009||Incisive Media Group||£100m - £500m||Management Advice||TMT|
|April 15, 2009||iShares||> £500m||Management Advice||Financial Services|
|Jan. 5, 2009||Develica Deutschland Ltd||> £500m||Capital Raising||Business Services|
|Nov. 3, 2008||Somerfield Ltd||£100m - £500m||Management Advice||Consumer|
|Oct. 24, 2008||Icon Display Ltd||< £100m||Capital Raising||TMT|
|June 16, 2008||De La Rue Plc||£100m - £500m||Management Advice||Industrials|
|May 8, 2008||Morrison Utility Services||£100m - £500m||Management Advice||Business Services|
|March 10, 2008||Yo! Sushi||< £100m||M&A||Consumer|
|Nov. 2, 2007||Alliance Medical||> £500m||Management Advice||Healthcare|
|Aug. 2, 2007||Healthcare at Home||£100m - £500m||Management Advice||Healthcare|
|June 12, 2007||Iris Software Limited||> £500m||Management Advice||TMT|
|May 29, 2007||Pegasus Retirement Homes||< £100m||Capital Raising||Business Services|
|Feb. 15, 2007||Worldmark International||< £100m||Management Advice||Business Services|
|Feb. 8, 2007||The Mill||< £100m||Management Advice||TMT|
|Feb. 7, 2007||HSS Hire||< £100m||Management Advice||Business Services|
|Dec. 21, 2006||ILG (Independent Living Group)||< £100m||M&A||Healthcare|
|Dec. 19, 2006||Amida Group||< £100m||M&A||Consumer|
|Nov. 30, 2006||Nicholl Food Packaging Limited||< £100m||Management Advice||Industrials|
|Nov. 16, 2006||Phadia AB||> £500m||Management Advice||Healthcare|
|Sept. 30, 2006||Incisive Media plc||£100m - £500m||Management Advice||TMT|
|Sept. 22, 2006||Impress Holdings BV||> £500m||Management Advice||Industrials|
|July 6, 2006||Castlebeck||£100m - £500m||Management Advice||Healthcare|
|June 28, 2006||British International Helicopters Limited||< £100m||Capital Raising||Business Services|
|March 29, 2006||Adare Group||£100m - £500m||Business Services|
|Dec. 16, 2005||Upperpoint Distribution Limited||£100m - £500m||Management Advice||Business Services|
|Oct. 1, 2005||Fitness First||> £500m||Management Advice||Consumer|
|June 14, 2005||Tunstall Holdings Limited||£100m - £500m||Management Advice||TMT|
|May 17, 2005||Elliott Group Limited||£100m - £500m||Management Advice||Business Services|