Corporate

Recent corporate deals

Our Corporate and Private Equity teams work with and advise on a wide range of deal activity, including mergers and acquisitions, investments, management buyouts, reconstruction and demergers.

The team pride themselves on knowing our clients inside out and partnering with them to become an extension of their deal team for the best possible outcome. To showcase some of the great work our teams do in this space, you can find a round-up of selected corporate deal activity below:

We advised Charterhouse Voice & Data Limited on a bolt-on acquisition of Pentesec which was backed by August Equity.

We advised Gregory Distribution on its acquisition of Pollock (Holdings) Ltd and its subsidiaries Pollock (Scotrans) Ltd and Pollock Express Ltd.

Pollock Ltd is a significant addition to the Gregory Group and will enhance Gregory Distribution’s already strong presence in the Scottish transport and logistics market. Find out more here.

We advised on the acquisition of the entire issued share capital of B.D.K Holdings Limited for Switzerland-based ATP Adhesive Systems Group GmbH. Find out more here.

We advised on a bolt on acquisition of InfoTech Solutions for Nottingham-based Air IT Limited, backed by August Equity. Find out more here.

We advised on the acquisition of the ThirdSpace Group of companies for TIGL Holdings Limited, including the related refinancing of the TIGL group by Santander, and rollover by the ThirdSpace sellers. Find out more here.

We advised on a bolt on acquisition of MHT Holdings Limited for Agilio Software Bidco, backed by August Equity.

The team advised on an acquisition of 63.4% of the issued share capital of Weathernet Limited Sedgwick International UK (London).

Agilio Software is a leading provider of compliance and HR software into the dental and wider healthcare market and is backed by August Equity.

Foot Anstey worked to deliver smooth transactions for Agilio Software. The first acquisition acquired INICA’s specialist cloud-based dental software modules. Simultaneously, the team were also working together on the acquisition of MyHRtoolkit. Find out more here.

Foot Anstey LLP has advised Simply Conveyancing, which is backed by private equity firm Livingbridge, on the acquisition of Pirie Palmann.

Foot Anstey supported on all legal aspects of the deal, assisting Simply Conveyancing in acquiring the entire issued share capital of Peterborough-based Pirie Palmann Holdings Limited. The acquisition is part of an ambitious growth drive that will see Simply Conveyancing become one of the largest conveyancing practices in the UK.

The acquisition of Pirie Palmann will see the number of employees increase to nearly 300 and brings together two top 30 companies to create one of the top 10 conveyancing practices in the UK. Find out more here.

One of two initial bolt on acquisition instructions for the Agilio/Code Group. Seller: INICA Holdings Limited. Buyer: Codeplan Ltd.

Acquisition of the entire issued share capital of Flynn Group Limited.

The Private Equity team at Foot Anstey LLP has supported and advised Access UK Ltd, on its acquisition of Legal Bricks. The move by Access further enhances its offering in the legal technology sector.

The Foot Anstey team was led by, Matt Stoate (Partner), Dominic Cromwell (Senior Associate), and Jack Harris (Associate), who advised Access on all legal aspects of the acquisition and worked in collaboration with all parties to deliver the desired outcome.

West Midlands-based Legal Bricks was launched in 2017 and delivers a customised online property search platform, as well as conveyancing and anti-money laundering products which is used by law firms and estate agencies to speed up the conveyancing process. All of Legal Bricks’ team of over 40 members will be joining Access, bringing further expertise to Access’ legal division.

This is the fourth acquisition in relation to which Foot Anstey has supported Access in 2021, having previously advised Access most recently on its acquisition of Oosha, the integrated cloud IT services provider.

Foot Anstey  advised Marston Holdings, a provider of integrated technology-enabled solutions, on its acquisition of Grosvenor Services Group (GSG), supplier of specialist services to utilities. Grosvenor Services Group is one of the UK’s leading utilities field services agencies and has delivered debt collection services to the energy and water sectors for over 20 years.

The Foot Anstey team was led by Adam McKenna (Managing Associate) and Beth Donnelly (Solicitor), who were supported by Ashley Avery (Partner) and James Barnett (Legal Director). This represents the fourth acquisition Foot Anstey have supported the Marston team on.

Foot Anstey we acted for Zenergi on the acquisition of DB Group (Europe) Limited. With an already well-established reputation in the energy and environmental consultancy market in England, this acquisition represents Zenergi’s first move into the market in Scotland. The DB Group business has four divisions, providing consultancy services across all utilities (environmental, energy, water and communications).

Foot Anstey has advised Integrity360, an August Equity portfolio company, on its acquisition of Caretower, as part of its pan-European expansion plan. The transaction involved the acquisition of Caretower’s UK and Bulgarian businesses.

Emma Clayton, Associate, and Matt Stoate, Head of Corporate and Private Equity at Foot Anstey led the multi-disciplinary team from Foot Anstey that advised on the acquisition.

Integrity360, the cybersecurity specialist, is backed by private equity house August Equity, and has offices in Dublin, London and New York. Its team of security specialists enable numerous clients around the world to do business securely.

This acquisition will see Caretower’s employees join Integrity360, meaning it will now operate with over 300 employees, including 200 cybersecurity engineers, analysts, consultants and specialists.

The team advised the founders of Plymouth’s The iOutlet tech refurbishment firm on selling the business to its management team. James Green Ltd, which trades as The iOutlet, was successfully sold by Directors Matt Green and Liam James to Lewis Cox, Ollie Green, Greg Jones and Russell Jones in a management buyout.

We advised private equity firm Hurst Point Group on fully acquiring Hawksmoor Group, completing the transaction on 1 March 2021. Investment management firm Hawksmoor will become a separate subsidiary of Hurst Point. Find out more here.

Advised Immersa, the energy storage solution company, on the sale of two 50 Megawatt (MW) battery storage projects. Foot Anstey supported on the disposal of Sandridge Battery Storage Limited to Foresight and JLEN Environmental Assets Group joint venture and Berkeley Battery Storage 2 Limited, that was purchased by the SMS group.

Foot Anstey LLP’s Corporate team (led by Duncan Sykes, Partner, and supported by James Crotty, Associate) has acted on the sale of Newton Abbot-based M.J. Baker Foodservice Ltd to Kitwave Group Limited, in a deal worth £24.5m.

Since its inception in 1999, M.J. Baker has provided over 3,500 products across the ambient, chilled and frozen foods, alcohol, confectionary and non-food categories.

Duncan Sykes, Partner at Foot Anstey commented: “M.J. Baker is a well-established brand in the South West and has an exceptional reputation for customer service. We have acted for the business from the date of its formation and were therefore delighted to act on the sale of M.J. Baker”.

 

Foot Anstey LLP, has facilitated an investment from Connection Capital to support a management buyout of Silverfish UK, the Cornwall-headquartered mountain bike supplier.

The Corporate team at Foot Anstey included Ken Lewins, Partner and Fergus Baker, Senior Associate who advised on and delivered expert legal advice to  Silverfish UK throughout the process. The advice also included input from the Tax, Trusts, Banking, Real Estate and Employment teams.

Since its inception in 1999, Silverfish UK has created a space in the distribution market focusing on premium products. The bike supplier now operates in the UK, Ireland and a number of European territories. Its portfolio includes names such as Yeti Cycles, FOX, Michelin, Race Face, SDG, Knog, Marzocchi, CushCore, Peaty’s, Ride Concepts and Skratch Labs.

The investment from Connection Capital will enable the Silverfish team to enhance its growth and facilitate investment into customer support infrastructure, whilst it carries out its European expansion.

Foot Anstey has advised Quilam Capital in connection with a Management Buy-Out (MBO) of Perch Group, a Blackpool-headquartered specialist credit and asset management company which provides creditors with a range of technology driven services.

The MBO will see the incumbent management team comprising Craig Hinchliffe, Andrew Bartle, Gary Edwards, Max Houghton and Simon Unsworth work take control of the financial services company together with Quilam Capital.

The Foot Anstey team included Matthew Stoate (Partner), Dominic Cromwell (Senior Associate) and Bethany Donnelly (Associate).

 

Foot Anstey has advised Avieco, the London-based sustainability consultancy on its sale to Accenture.

Founded in 2007, Avieco specialises in sustainability and environmental, social and governance (ESG) services. Avieco’s expertise will help Accenture meet the growing demand from its clients for transformation, transparency and accountability in the area of sustainability.

The Foot Anstey team included Matt Stoate (Partner), Adam McKenna (Partner), Emma Clayton (Senior Associate) and Eloise May (Senior Legal Assistant) who advised the sellers on the sale of their shares in Avieco to Accenture.

National Law firm, Foot Anstey LLP has advised the shareholders of Naturesave Policies Ltd, the UK’s leading green and ethical insurance provider, on its sale to Lloyd & Whyte Ltd, the Taunton-based financial planning and specialist insurance service company.

Founded 28 years ago, Naturesave Policies has won awards for its top ethical rating insurance by the Good Shopping Guide and the Queen’s Award for Enterprise for Sustainable development.

In 1995, Naturesave Policies created the Naturesave Trust, its own registered charity. Naturesave Insurance has donated over £1 million to the Trust. These donations are used to primarily to fund grants for environmental projects.

Bristol-based cell and gene therapy (CGT) services company, eXmoor Phrama, secured an initial investment of £12m from specialist healthcare investment firm MVM Partners to support its growth plans. The investment will be used to create a new dedicated 50,000 sq ft CGT process development and clinical manufacturing facility in Bristol. The facility will be designed in-house by eXmoor’s capital projects team.

Follow on debt injection by BGF Investments LP into TIGL Holdings Limited. Find out more here.

Foot Anstey LLP, with offices across the South West, has supported Devon-headquartered sustainable female underwear brand, Stripe & Stare, with practical legal advice to secure a £2.5m investment from BGF.

Partner, Ken Lewins, Associate, Kieran Van Bussel and Legal Assistant Eloise May led on legal advice from Foot Anstey to the sustainable fashion brand. This included drafting contracts and working in conjunction with all parties to deliver the desired outcome for Stripe & Stare.

Stripe & Stare’s mission has been to create the most comfortable and eco-friendly underwear, lounge and sleepwear in the world, made from beechwood trees, since it was founded in 2017 by Katie Lopes and Nicola Piercy. Over the last three years the business has seen revenue grow by more than 100 per cent. Stripe & Stare knickers are 95% biodegradable and in 2021 it released a world first 100% biodegradable lace underwear collection, which  can be put in compost rather than landfill.

BGF has provided £1.5m of the growth capital to the Devon-based brand with the remaining investment coming from a number of private investors including  Richard Longhurst, co-founder of Bath-based Lovehoney, and Sam Galsworthy of Sipsmith Gin.

The investment will be used to scale the business by increasing employment and production capacity at its Yelverton headquarters to help drive UK and international sales.

Foot Anstey is proud to have supported L Catterton Europe, a leading global consumer-focused private equity firm, on the legal due diligence for its acquisition of a significant minority shareholding in Little Moons, a premium dessert company co-founded by sibling team Howard and Vivien Wong. The company, which has enjoyed steep organic growth since its incorporation in 2010, received an undisclosed investment sum.

The team advised UCMG Holdings Limited on a capital reduction demerger.

Capital reduction demerger of Lily-Flame Ltd.

Capital reduction demerger of UCMG Holdings Limited.