Corporate_PEQ_Institutions

INSTITUTIONAL INVESTORS

Genghis Midco / The Parts Alliance (a HGCapital backed company)

Bromsgrove Motor Factors (BMF)

Foot Anstey's dedicated private equity team advised Genghis Midco, an HgCapital backed company, on its acquisition of Worcestershire-based Bromsgrove Motor Factors.

BMF becomes part of the HgCapital owned The Parts Alliance business group. The Parts Alliance is an industry leader in the automotive buying and distribution groups in the UK and Ireland. Consisting of strategically located distributor companies, it specialises in the national and local supply of manufacturer branded products and support services with an annual group turnover of more than £365 million.

The acquisition of BMF came only 11 weeks after The Parts Alliance Ltd itself was acquired by HgCapital, a transaction on which Foot Anstey also advised.

The Parts Alliance’s new Chief Executive Peter Sephton said he was excited to be welcoming new colleagues from BMF to the HgCapital backed The Parts Alliance group ‘family’. He said: “Bromsgrove Motor Factors is a great business with outstanding customer and staff loyalty, providing local service in the Worcestershire area, and adds to our national strength. This deal is an early demonstration of our declared aim to grow quickly, both organically and through the acquisition of successful parts distributor companies, large and small.”

Matt Stoate, head of Foot Anstey's private equity group, led the team which advised on the transaction. Matt commented: "This is a significant new relationship for Foot Anstey for a client accustomed to instructing leading City and international firms.  We were delighted to be involved with this second acquisition in a short space of time and to demonstrate our private equity expertise in the style and manner which the client demanded."

 

Car Parts & Accessories (CPA)

Foot Anstey's dedicated private equity team has advised The Parts Alliance, the leading automotive buying distribution group backed by HgCapital, on its acquisition of associate member Car Parts & Accessories.

With a turnover approaching £12 million, CPA employs 120 people in 12 branches across the South East.  It is the latest acquisition by The Parts Alliance business group, an industry leader in the automotive buying and distribution groups in the UK and Ireland. Consisting of strategically located distributor companies, it specialises in the national and local supply of manufacturer branded products and support services with an annual group turnover of more than £365 million.

The acquisition of CPA is the latest in a string of acquisitions carried out by the HgCapital backed company, with Foot Anstey again advising.

The Parts Alliance’s new Chief Executive Peter Sephton said he was excited to be welcoming new colleagues from CPA to The Parts Alliance group ‘family’. He said: "CPA is a great business with an exceptional commitment to customer service.  We have been working closely with Keith Anderson and his team to bring them into our family of businesses. At The Parts Alliance we invest in our people and it is clear from the dedication and camaraderie of the team at CPA that they will fit straight in."

Matt Stoate, head of Foot Anstey's private equity group, led the team which advised on the transaction. Matt commented: "Another completion for our busy private equity team which saw us delivering the transaction in the style and manner which the client demanded, designed to meet our client's preferred approach as part of its buy-and-build strategy."

 

The Parts Alliance acquisition strategy received recognition by winning "Best UK Automotive Transactions" in the inaugural international M&A awards of the business website Deal Feed International.

We also advised Genghis Midco on its acquisition of The Parts Alliance

 

 

 

 


INSTITUTIONAL INVESTORS

Genghis Midco 

Foot Anstey's dedicated cross departmental private equity team advised new client Genghis Midco, an HgCapital backed company, on its acquisition of The Parts Alliance.

The Parts Alliance is an industry leader in the automotive buying and distribution groups in the UK and Ireland.  Consisting of strategically located distributor companies, it specialises in the national and local supply of manufacturer branded products and support services with an annual group turnover of more than £365 million. The Parts Alliance customers range from independent garages to multi branch workshops and fast-fits, and they are served by a fleet of over 1,600 vehicles and 3,300 staff across the membership.

The acquisition of The Parts Alliance is first transaction that Foot Anstey have completed for Genghis Midco or any other HgCapital backed company.

At the same time Foot Anstey's Commercial Group advised on new shared services arrangements between the PA members designed to achieve a best in class commercial structure with a consultative business group at its heart, operating with joined-up commercial thinking. 

Matt Stoate, head of Foot Anstey's private equity group, led the team which advised on the transaction.  Matt commented, "This is a significant new relationship for Foot Anstey for a client accustomed to instructing lead City and international firms.  We were delighted to be involved with this key strategic acquisition and to demonstrate our private equity expertise in the style and manner which the client demanded."

We subsequently acted for Genghis Midco in relation to its acquisition of BMF and CPA.

 


 

INSTITUTIONAL INVESTORS

CHARLIE PARSONS CREATIVE

Foot Anstey’s Private Equity team advised Charlie Parsons Creative, the boutique investment company, on its backing of a management buyout of the Gaydar online dating business for an undisclosed sum.

The team advised television entrepreneur Charlie Parsons on the transaction which sees Charlie joining the board of Gaydar, which will be led by CEO Trevor Martin. The Gaydar brand will now focus entirely on its dating business; with six million registered users across more than 140 countries, it is one of the most popular global gay dating brands.

Charlie Parsons is one of the UK’s best known innovators within international media and entertainment. He previously co-founded Planet 24 where he created and produced award winning programming including 'The Big Breakfast' and 'The Word'. A double Emmy award winner for the reality show ‘Survivor’ which he created, Charlie brings a track record of international business success to the Gaydar brand.

Mark Speeks will also join the board of Gaydar. Mark has more than 20 years’ experience in the finance industry and was instrumental in the negotiation of the MBO.

Charlie Parsons, Founder of Charlie Parsons Creative said: “Although Gaydar is one of the best known gay brands in the world, there are many more opportunities to build on the success to date. The services provided to us by Foot Anstey throughout the MBO process were exceptional; we felt like they were an additional member of our MBO team, working tirelessly to completion and fully participating in all the key business decisions we had to make along the way”.

 


 

INSTITUTIONAL INVESTORS

DIMAH CAPITAL

Foot Anstey’s Private Equity team advised Middle Eastern investors and London-based investment firm Yorktown Partners LLP on their £19,000,000 acquisition of the Everything Everywhere's Bristol office at Aztec West.

Our private equity team implemented and advised upon a shariah compliant investment structure, management incentivisation arrangements, financing documents and related security and intercreditor arrangements.  

 


 

INSTITUTIONAL INVESTORS

90 NORTH REAL ESTATE PARTNERS LLP

Islamic finance specialists at premier regional law firm Foot Anstey LLP have completed the second of two major real estate transactions for London-based independent property advisory firm 90 North Real Estate Partners LLP (90 North).

Our private equity team implemented and advised upon a shariah compliant investment structure, management incenivisation arrangements, financing documents and related security and inter-creditor arrangements. 

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."

 


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