Corporate and Banking 2022 Round-up

Corporate and Banking 2022 Round-up

"Despite moving into choppy economic waters, 2022 afforded us the privilege of working for some fantastic people on a number of interesting and challenging transactions. Valued at more than £350m in total, we advised on deals across a broad range of sectors with prices ranging from under £1m to over £100m. Working on local deals is really important to us, as is the variety of work that we do. Our involvement will always be determined by the value we can add, not the size of the transaction."

Here are some examples

Triple Point

We acted for a national professional services provider in connection with loan facilities totalling £6.25m provided by Triple Point to assist it with the acquisition of a business, the refinance of existing debt with 15 separate lenders across the group and its general working capital purposes. Our Banking team dealt with the negotiation and completion of all relevant finance documents (including loan agreement, security documents and intercreditor arrangements) which was all wrapped up within 30 days of instruction. 

adam HT Limited

We acted on the sale of adam HTT Limited, a leading health-tech platform based in Milton Keynes to Access Group. adam provide a purchasing solution to public sector bodies across a range of spend areas, from complex community care, transport and housing. adam work with over 60 public bodies and help manage more than £600 million of spend through its solutions.

The exiting Chairman, Julian Young, commented: 

"There are a lot of moving parts when selling a business. Having a legal team that do what they say they will, when they say they will with professionalism and clarity makes the process significantly easier. I can’t speak highly enough of EMW."

Springboard

We acted on the sale of Springboard Research Group to US trade buyer, MRI Software Limited. Springboard Research is a leading provider of footfall counting, retail data analytics, retail counting and customer sentiment measurement using independently developed AI hardware. It serves more than 450 clients across 3,000-plus sites and is trusted by global media outlets, brands and governing bodies for the accuracy of its data, quality of reporting and retail insights.

Steve Booth, selling shareholder and CEO of Springboard Research, commented:

"Having supported us through the buy-out process in 2014 and remained the company’s go to lawyers since, EMW were the obvious choice to support the Springboard shareholders through the exit process. We certainly made the right choice. We found the EMW team to be responsive, collaborative and pragmatic, always achieving the right balance between representing our best interests and delivering on our wish for the transaction to proceed to close as quickly as possible. I couldn’t be more satisfied both with the outcome and the quality of service that EMW provided."

Burbage Realty Partners

We acted on the sale of Burbage Realty Partners to Cushman & Wakefield, one of the world’s leading real estate services firms.

James Harrison, one of the selling shareholders, commented: 

"EMW has provided the company with sage and astute advice for many years and was the only firm we considered using when approached to sell our business. EMW provided us with invaluable support and guidance throughout the transaction process and we cannot praise them enough. Drawing on years of experience, the team’s advice was both wise and pragmatic which helped us overcome challenges and enabled us to complete the complex business sale in a timely manner."

Cave and Sons

We acted for MHA MacIntyre Hudson on its acquisition of a majority stake in Cave & Sons, a wealth manager and independent financial advisory firm. The acquisition expands and strengthens MHA MacIntyre Hudson’s comprehensive private wealth offering. Cave & Sons, established in 1906 and based in Northampton, offers a range of investment management, independent financial planning and wealth management services.

Rachel Nutt, partner at MHA MacIntyre Hudson commented:

"EMW’s assistance in this important strategic transaction for us has been superb."

Darke & Taylor

We advised on the management buy-out of Darke & Taylor (Holdings) Limited. The company provides an impressive range of design, installation, commissioning, testing and maintenance of mechanical, electrical and public health (MEP) services.

Shareholder Simon Newton commented:

"The team at EMW did a fantastic job for us from start to finish, including initial discussions, reviewing options, engaging with all parties involved in the deal, preparing and explaining the thorough legal documentation and addressing any risks or concerns. This was all done within the expected timescales and to the satisfaction of the entire MBO team which has given us a great platform from which to continue the sustainable growth of Darke & Taylor as an owner managed business."