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Vincent O'Brien
01293 605028
Partner
Jonathan Grant
01293 605011
Partner
| Welcome to the second of our quarterly round up of deals. Despite the continuing impact of the “credit crunch” and now apparently the risk of a global economic slow down our M&A and Corporate Finance practices continue to flourish. The Gatwick M&A team will grow revenue by 40% in revenue terms this year, emphasising the resilience of the ”mid market” to tightening credit and the value of both strong client and professional relationships. Despite the more pessimistic of market commentators, our banking team, lead by Gwen Godfrey, have seen a marked increase in work over the quarter, and private equity investment continues, as can be seen from our Premier Medical and Pall Mall deals. We currently have an increase in sale mandates for successful and established businesses but we will need to see if vendor price expectations can be met. Our capital markets practice remains busy, on both AiM and Plus markets, and we showcase the two recent deals in this release. Vincent O’Brien
Jonathan Grant
Premier Medical Group
PE Provider: Nomura
DMH Stallard: Dominic Travers
DMH Stallard acted for the shareholders of Premier Medical Limited in its merger with Medico-Legal Reporting funded by Nomura through private equity to create the UK’s largest medico-legal reporting business. The investment will allow the business to both consolidate and expand into a number of related business areas from its head office in Ludlow.
Pall Mall Investment Management Ltd
PE Provider: Nomura
DMH Stallard: Vincent O’Brien
Leading Japanese financial services group, Nomura, has acquired an equity interest in London based specialist asset management company, Pall Mall Investment Management Ltd (PMIM). PMIM is a high-yield investment management company specialising in European high-yield and balanced portfolios and currently has over one billion US dollars under management.
This is the second deal in the last 12 months that DMH Stallard advised on and will allow the business to drive forward plans to expand its investor base in Europe.
Deutsch UK
Acquisition of Servo Interconnect
DMH Stallard: Justine Tocher
DMH Stallard acted for Deutsch UK on the acquisition of the remaining 50% of its joint venture company, Servo Interconnect Limited from Servo & Electronic Sales Limited. Servo Interconnect Limited assembles and distributes autosport products. Deutsch UK are a long-standing client of the firm. They are a world leader in their field offering expertise in the design and manufacture of electrical connectors and fibre optic connectors, electro-mechanical relays, specialised electronics, and associated components. 
Friday-Ad Group
DMH Stallard: Jonathan Grant and Dominic Travers
DMH Stallard continue to act for the Friday-Ad Group in relation to their buy and build strategy which started in early 2007. Recent deals completed include Honey Party, a social networking website; acquisition of yacht chandler Northwest Sailboat Centre, now operating as part of Marine Trader Media, a marine sales and facilities business; simplylawjobs.com, a legal recruitment business; Whitebay Limited, an Isle of Wight focussed website.
Friday-Ad Group, Based in Hickstead, Sussex, are the largest independent publisher in the UK. DMH Stallard has acted for the group since 1991. Since early 2007 DMH Stallard have been advising on a continuing acquisition programme.
South East Growth Fund
DMH Stallard: Vincent O’Brien and Dominic Travers
DMH Stallard has acted for South East Growth Fund since 2002. SEGF are a venture capitalist investment fund and we have advised on more than 30 of their investments. SEGF supports a portfolio of companies based in the South East of England and has funds of up to £500,000 available to early stage companies, start-ups, as well as to finance Management Buy Outs and Management Buy Ins. We have completed 8 transactions in the last 12 months including two further investments in the recent quarter into Anaxsys Technology Limited and Nationwide Accreditation Bureau.
Novagraaf
DMH Stallard: Keith Robinson
The firm represented the UK arm of Novagraaf in relation to their acquisition of the Innovation Development Limited group, which includes QED Intellectual Property Limited and Hillgate Patent Services, on 1st February 2008. The Novagraaf Group are leading European advisors and consultants, expert in all aspects of Intellectual Property matters, including Patents, Trade Marks, Designs, Copyright, Know How, Licensing and Technology Commercialisation with offices in the United Kingdom in London, Manchester, Norwich and York and in the rest of Europe in Amsterdam, Paris, Brussels and Geneva.
Turftrax PLC
DMH Stallard: Stephen Clow
DMH Stallard acted for the Nominated Advisor and Broker in relation to the placing of shares and admission to trading on AIM of Turftrax PLC. Turftrax has developed and patented a fully transportable radio frequency tracking system which captures a horse race as data in real time enabling the production of accurate in-running data feeds.
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