PRIVATE equity firm LDC has backed a £20m secondary buyout of Warrington-based catering firm Waterfall. LDC has bought a minority stake held by YFM Equity Partners, venture capital trust Neptune-Calculus and Kaye Enterprises, since 2007 when they backed a management buyout of Caterplus. The vendors said they had achieved a 5x return on the original … Continued
Rob McCarthy of Dow Schofield Watts Transaction Services provided financial due diligence to YFM Equity Partners as they back the management team of an industrial acoustic engineering business on a £4m MBO. A four-strong team from Wakefield Acoustics has bought the Cleckheaton firm, which designs, manufactures and installs a range of bespoke industrial and environmental noise … Continued
PHD Equity Partners (“PHD”) has reached a first closing of £16.5million for its second private equity fund, PHD Equity Partners Fund No.2 (“Fund 2”) and will commence investing it from January 2015. Fund 2 has a target of £25million and is backed by a diverse group of high net worth individuals, alongside the PHD partners … Continued
PHD Equity Partners backs £3.2m management buy-in of UK’s leading online rug retailer Modern Rugs – the UK’s leading dedicated online rug retailer which is based in Co Durham (URLs: www.modern-rugs.co.uk and www.sisalrugs.co.uk) – has undergone a £3.2m management buy-in backed by Enterprise Ventures and PHD Equity Partners. The deal gives operational control of the … Continued
Dow Schofield Watts Corporate Finance, the prominent independent advisory firm, announces the successful completion of its advisory role to the management team of Character World, the UK’s leading licenced bedding specialist, on their secondary buyout backed by Palatine Private Equity from RJD Partners. Dow Schofield Watts Corporate Finance have been retained adviser to the management … Continued
Yorkshire advisers act on cross border deal with Indian buyer Two leading Yorkshire advisory firms, Dow Schofield Watts Corporate Finance Limited (“DSW”) and Squire Patton Boggs have successfully completed the international trade sale of Homestyle Products Limited (“Homestyle Products”) to Acrysil UK Limited, a newly formed UK subsidiary of Acrysil Limited (“Acrysil”), an Indian company … Continued