The second quarter of 2017 has continued to be very busy and has fed through into a very active summer.
Our Corporate team in the region is expanding this month as we welcome Danos, Kay, Atiq, Jenny and their team from Rawlison Butler. The merger strengthens our Corporate practice in the South East and underlines our commitment to the region.
Private Equity Swoop For Training Market Leader, Trade Skills4U Ltd
Trade Skills4U is the UK’s premier specialist electrical training provider, turning adults with little or no relevant experience into qualified electricians. The Gatwick-headquartered business is now planning to open new centres across the UK following a private equity investment deal.
Corporate Partner, Abigail Owen, led the team which recently advised on the sale of Trade Skills4U to Palatine Private Equity. She said,
“Having acted for Trade Skills4U and its shareholders for over 15 years I am very pleased to have completed a deal that will allow the team to expand their UK operation and provides an exit plan for the years to come".
You can read more about the deal here.
MBO of Albatross Group Limited
This transaction was completed with tax and Corporate Finance advisory work from Kreston Reeves, and debt finance from Graham Hollis at Lloyds Bank (Corporate). The deal was the conclusion of an agreed deal for a majority shareholder to leave the business through a planned process and allow the management team to move forward. The Albatross Group are the UK’s leading travel wholesaler providing group tourism from an office base in Kent.
Sale of Reflex Nutrition
We advised a significant minority shareholder on the sale of Reflex Nutrition, a Brighton based family business supplying sports nutrition and supplements to Associated British Foods Plc.
“Hat trick” of transactions in the Care Sector
We recently advised clients on the acquisition of a care home in West Sussex, soon after completing the sale of two care homes located in East Sussex and in Wales. The sale transactions, in both cases, were exit strategies for the respective business owner-managers who had developed the care homes over a number of years. The acquisition was a new venture for our clients into the care sector. The care sector continues to demonstrate a presence in the regional M&A market, and the team at DMH are well versed in these types of transactions which often involve Real Estate and secured lending expertise as well as Corporate.
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