The first half of 2017 has been very busy, with acquisitions, sales and corporate joint ventures.
The key for us has been a deep pipeline of clients and deals, combined with an experienced team who can transact quickly and negotiate strongly. There has been a surge of activity through May and June and the pipeline through summer and autumn also looks substantial.
Many of the deals we are now completing have been several months in the making, with lengthy negotiation of heads of terms and extended diligence. The benefit of this is that when the deals are ready to go, they generally complete quickly, but we have to be able to move quickly and pull in extra resources.
DMH Stallard advised Change, Grow, Live on acquisition of Lifeline Project
This was a “pre pack” administration deal completed in a short timeframe to secure the charity’s key social services in drug and alcohol rehabilitation to local authorities and public bodies. The deal required consultation with affected Local Authorities under the Public Procurement Regulations. Change, Grow, Live (CGL) already had a turnover of £158m and the deal saw them preserve over 1,000 jobs at Lifeline and take over 40 service centres across the UK, making CGL one of the biggest charity providers in this sector, now with over 4,000 employees and many volunteers.
Read about the deal in full here.
DMH Stallard advises on exciting new joint venture in the art world
We advised leading artists material company, Colart Group, on its corporate joint venture agreement with Laurence King Publishing (LKP), in order to create an online artists community around the Elephant Art Magazine.
Colart owns highly regarded brands such as Winsor & Newton, Liquitex and Snazaroo and is owned by Lindéngruppen, a Swedish family-owned business. LKP are a respected publisher, who own high end art magazine Elephant Art Culture Magazine.
Unity Media acquired by Mark Allen Group
We acted for the shareholders of Sevenoaks-based Unity Media on their sale to Mark Allen Group.
Unity Media was founded by entrepreneur Dennis Taylor and publishes a range of B2B magazines and promotes a well known roofing, cladding and insulation industry event called the RCI Show.
Two Care Home Deals: Acquisitions and Sale
We recently completed two (share acquisition) care home deals, building on our strong background in this sector.
We acted for the sellers of a care home company based in Wales, who have a well established network in the care industry, and for buyers of their first care home in Sussex. Our corporate and real estate teams are used to the regulatory and trade requirements of these deals.
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