Bridgepoint Development Capital has backed a management buyout of Building Automation Solutions (BAS). The Altrincham-based company, founded in 2006 following a buyout from Siemens, helps businesses reduce their energy costs and consumption. Managing director Brin Sheridan led the buyout. BAS designs, implements and supports management systems which help building owners to control, monitor and reduce … Continued

Altrincham building energy management firm Building Automation Solutions has changed hands in a buy-out worth £40 million. A management team led by chief executive Brin Sheridan has bought the business from Bob Savage and Steve Dalton, who had led its earlier spin-out from engineering giant Siemens in 2007. The pair have retained a stake in … Continued

By Chris Barry – Editor, North West Altrincham-based building management firm Building Automation Solutions has changed hands in a buy-out worth £40m. A management team led by chief executive Brin Sheridan and backed by London-based Bridgepoint Development Capital have bought the business from Bob Savage and Steve Dalton, who had led its earlier spin-out from … Continued

Liverpool-headquartered Bibby Distribution has completed the acquisition of transport and warehousing company Taygroup for an undisclosed sum. The deal will raise the group’s turnover by approximately 10 per cent to more than £200m and add an extra 300 vehicles to its fleet. Taygroup operates from a head office in Bedfordshire, as well as sites in … Continued

The courtroom drama that will decide the sale of Liverpool FC is a “quite unique” situation, a leading city solicitor said last night, writes City Editor David Bartlett. Chairman Martin Broughton will go to court in the coming days to seek a “declaratory judgment” that he and fellow board members Christian Purslow and Ian Ayre … Continued

With Liverpool FC continuing to struggle on the pitch, the battle for control off it is seen by many fans as vital to a revival in fortunes. This month is regarded as crucial in settling the long-term ownership of the club with the expiry date for the Royal Bank of Scotland’s £237m loan to Liverpool’s … Continued

Towergate Partnership has postponed its £665m bond offering as a result of conditions in the debt markets, according to a statement The company had announced its intention to offer £665m of 2017 and 2018-dated senior secured notes and senior notes. It met with a large number of institutional investors in Europe and the US and … Continued

Corporate finance boutique Dow Schofield Watts (DSW) has formed a partnership with management due diligence consultancy Diligencia. The partnership will offer a range of due diligence services, including financial, management, operational and commercial. The team has worked with clients that include leading private equity houses and major high street banks in the UK. James Dow … Continued

Corporate finance boutique Dow Schofield Watts has formed a partnership with leading management due diligence consultancy Diligencia to create one of the most experienced and comprehensive due diligence teams in the UK. “Our aim is simple,” explains James Dow, “to create the broadest and deepest due diligence service to support the corporate finance market. We … Continued

Corporate finance boutique Dow Schofield Watts has formed a partnership with Warrington-based business strategy consultants Diligencia. The new partnership will offer financial, management, operational and commercial due diligence services. It will be headquartered at Dow Schofield Watts’ offices at Daresbury Park near Runcorn and bring together over 20 team members – a number which is … Continued

Daresbury-based corporate finance boutique Dow Schofield Watts has formed a partnership with Warrington-based management due diligence consultancy Diligencia. The firm said that the new partnership would offer a broad-ranging due diligence service covering financial, management, operational and commercial due diligence. Bruce Scott, who led a buyout of the Diligencia business from packaging giant Smurfit in … Continued

Corporate finance house Dow Schofield Watts has created a partnership with consultancy Diligencia “to create the broadest and deepest due diligence service to support the corporate finance market”. The new operation will bring together 20 people in Daresbury with plans to increase headcount. “Our consultants are not just academics – we have all run businesses … Continued

Corporate finance boutique Dow Schofield Watts has formed a partnership with leading management due diligence consultancy Diligencia to create one of the most experienced and comprehensive due diligence teams in the UK. New due diligence partnership will ride next wave of deal making “Our aim is simple,” explains James Dow, “to create the broadest and … Continued

A division of drains specialist Lanes Group today changed hands as private equity outfit Gresham invested £12.3m in the business for a majority stake. Gresham has taken a 70 per cent stake in Lanes Assistance Services, which has its headquarters in Eccles. The management team at LAS, which turns over £20m and employs almost 80 … Continued

Who? Private equity firm Gresham. Did what? Has taken a 70 per cent stake in Eccles-based outsourced claims management and domestic repair services company Lanes Assistance Services (LAS). What does this mean? The remaining 30 per cent is owned by the management team, including managing director Darren Cooper and commercial director Tim Walker. Gresham acquired … Continued