Middle Eastern Investors
Islamic Finance Specialists at Foot Anstey have advised on and completed a structured investment on behalf of Middle Eastern investors, into a substantial residential development of an 11-acre site at Crossharbour, near Canary Wharf.
JOC Group Management
Foot Anstey's private equity team has advised the US-based executive management team of JOC Group Inc. (part of the Electra Private Equity backed AXIO Data Group) on the sale of the JOC Group Inc. to IHS Inc. (NYSE: IHS).
JOC Group Inc is the authoritative provider of business intelligence, data and events for container shipping and logistics professionals worldwide. Its products include;
- PIERS, the most comprehensive database of US seaborne import and export activity in the world, providing data and information services to thousands of subscribers globally
- The JOC, the leading information and marketing services provider for the US domestic and international containerised cargo community
- TPM, the must-attend event for the global container shipping community with conferences in North America and Asia
Gavin Carter, CEO of JOC Group Inc. said, “We were recommended to use Matt and the Foot Anstey team by our trusted US lawyers. We were delighted with the level of support we received, which was pitched at the perfect level for a management team requiring a bespoke advisory, partner-led service. As a truly global market information and analytics company, IHS has a track record of buying and building businesses and we look forward to the opportunity to join such a dynamic company and become part of the IHS team – Foot Anstey more than played their part in making this happen.”
Matt Stoate, head of Foot Anstey's private equity group, led the specialist team that advised on this cross-border transaction. International work for the firm's leading Corporate Finance team continues to grow with links across the globe, but particularly in North America and the Middle East. Foot Anstey is currently ranked no.1 in the Experian Deal Review and Advisor League Tables for the South West.
Matt commented; "We were delighted to advise on this significant cross-border transaction which resulted from a personal recommendation to an experienced group of executives on our ability to provide City quality specialist advice to management teams. We look forward to continuing our relationship with the team and the referring US law firm."
Foot Anstey advised Aareon AG, a wholly-owned subsidiary of Aareal Bank AG, on the acquisition of 1st Touch Limited, the UK's leading developer of mobile systems for the social housing and public sectors.
The deal saw Germany based Aareon AG, the leading consultancy and IT systems house for the European property sector, invest in its belief in the significant opportunities presented by mobile technology in the property sector across Europe. The move also complemented the Group's other software investments in the sector.
Commenting on the news, Dr. Manfred Alflen, CEO of Aareon AG said; "Following the acquisition, 1st Touch will continue to provide mobile solutions across multiple back office and ERP Housing systems and will become an essential element of our technology strategy, in the UK and the rest of Europe. It is this independence which makes this such a good acquisition for Aareon AG and with the backing that the Group can offer, we are confident that 1st Touch will continue to grow significantly."
Robert Dent, Managing Director of Southampton based 1st Touch echoed Dr. Alflen's comments adding, "This is excellent news for both 1st Touch employees and also for our customers. We look forward to witnessing the first fruits of this very compatible union and therein taking full advantage of the opportunities now available to us."
Duncan Sykes, Corporate Partner at Foot Anstey said: "With 1st Touch recognised as the market leader for supplying mobile technology to the UK social housing and public sectors and Aareon AG's brand strength across Europe, this is an excellent strategic fit. We are delighted to have played our part in this deal."
90 NORTH REAL ESTATE PARTNERS LLP
Islamic finance specialists at Foot Anstey LLP have just completed the second of two major real estate transactions for London-based independent property advisory firm 90 North Real Estate Partners LLP (90 North).
The latest transaction sees the Shari'ah compliant real estate advisors 90 North complete a £46,000,000 acquisition of Parham Road Student Village (The Village) in Canterbury on behalf of Gulf investors.
Philip Churchill Co-Founder Partner of 90 North, said: "Canterbury is a long established centre for education and we are delighted to work with our partners to provide high quality student housing in an excellent location. This transaction takes deals that we have concluded in the student sector by 90 North's Founder Partners to more than £150,000,000."
The Canterbury acquisition closely follows 90 North's £18,000,000 transaction to acquire Siemens PLC's new HQ at Teal Park, Lincoln to house the conglomerate's new gas turbine facility. The Canterbury transaction takes the company's 2012 deals executed to circa £64,000,000.
Imam Qazi, Real Estate Partner and Islamic Finance specialist at Foot Anstey commented: "We are delighted to have been involved with 90 North from the outset and to help see the two transactions through to a successful conclusion. It was a great team effort involving a range of our specialist practice areas including investment structuring, tax, real estate, construction and Islamic finance. 90 North is clearly very active in pursuing investment opportunities for its Middle Eastern client base and we look forward to continuing our relationship with them."
James Caan, former BBC Dragon and Chairman of 90 North added: "Both our recent transactions highlight how we work in partnership with Gulf investors, developers and other parties. I am delighted with our progress in 2012 and look forward to progressing further deals where they match our clients' wants and needs and can deliver superior risk adjusted returns."
Silvergate Media is an international media business with offices in London and New York. The business owns or controls the intellectual property rights to brands, characters and literary estates with a strong publishing heritage, and seeks to develop those assets across a range of media and merchandise formats. This includes the creation of new television productions, new publishing ranges and associated lines of toys and merchandise.
Foot Anstey were initially instructed by Lord Alli on the establishment of the new international group, which was wholly managed by Foot Anstey utilising other international best friend firms in the relevant jurisdictions.
Foot Anstey subsequently advised on the cross-border acquisition of the rights owned by Chorion to The World of Beatrix Potter and the Octonauts in September 2011 which again involved multi- jurisdictional management of firms from our best friend network. These were the first assets to be sold by the media rights business Chorion following the decision by its senior bankers to break up the business, under a competitive process with an accelerated timescale.
We have been delighted to grow our relationship with Silvergate Media to meet the ever-changing needs of its business. We have recently advised on the contractual arrangements surrounding the commissioning, financing and delivery of a new film production of Peter Rabbit and season 2 of the Octonauts.
We provide continued support in relation to commercial contracts, including recently working with Vampire Squid, a division of Silvergate Media, on their licensing arrangements with seasons 1-3 of “The Octonauts” for the Disney Junior channel in the US. This was a key arrangement for Vampire Squid securing a multi-season deal with one of the largest TV networks for children’s TV programmes in the US.