MBO of Keysource backed by Tosca Debt Capital and Shawbrook Bank A management buyout at a data centres specialist has been backed by Manchester-based Tosca Debt Capital and Shawbrook Bank, who provided equity finance and debt funding, respectively. Terms of the deal are undisclosed. Sophie Colloby of Dow Schofield Watts Transaction Services provided due diligence … Continued
DSW team advise on sale of leading IT solutions firm Agilitas IT Solutions – the UK’s leading services provider to IT channel partners – has changed hands in one of the most significant tech sector deals in recent months. NVM Private Equity has sold its stake in Agilitas to international private equity investor Perwyn. Dow … Continued
BCN Group acquires Runcorn’s Polymorph BCN Group has acquired Runcorn-based digital company Polymorph, for an undisclosed sum. The merger is expected to bring BCN revenues of more than £30m per year, with Polymorph’s latest accounts showing a turnover in excess of £4m. Ed Brentnall of Dow Schofield Watts Transaction Services provided financial due diligence for BCN … Continued
“The quality and depth of the advice during early engagement set Dow Schofield Watts apart from its competitors. We established a strong relationship working very closely with the team in the planning stages. This proved to be a key factor throughout the transaction process as we faced diligence challenges. We felt incredibly well represented with … Continued
The Car Buying Group (TCBG), one of the UK’s largest independent consumer car buying companies, has been acquired by Aston Barclay. Roger Esler and Paul Herriott from Dow Schofield Watts’ Corporate Finance Team in Yorkshire & the North East advised TCBG and its shareholders on the sale. Selling over 10,000 cars nationwide on behalf of car owners, TCBG has been at the forefront of the online … Continued
Dow Schofield Watts’ technology team advised Azzure IT, one of the North’s fastest growing small tech firms, on its £2m fundraising from NPIF – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund. The deal is the single largest investment by the Fund since its launch in February last year. Sheffield-based Azzure IT helps … Continued
Dow Schofield Watts Transaction Services advised Wavenet on the acquisition of Talk Internet Limited, a Warrington-based provider of network and cloud services. The acquisition strengthens Wavenet’s presence across the UK and brings new features to its portfolio that will benefit both new and existing customers. Bill Dawson, CEO of Birmingham-based Wavenet, commented: “This is a … Continued
Airangel – the Warrington-based company which is the leading provider of guest WiFi solutions to the hospitality sector – has secured a £1.7m funding package from Santander Corporate & Commercial to support its further growth. Dow Schofield Watts Transaction Services advised Santander on the deal. Airangel, which has recently opened new office in Dubai, is … Continued
Chester-based telecoms and data firm Townley Network Solutions (TNS) has continued its expansion with the acquisition of Pyranet, an East Midlands IT support specialist. The deal will mark TNS’s entry into IT services and is the second acquisition in two years for the company, which is working with financial advisory firm Dow Schofield Watts to … Continued
Dow Schofield Watts Transaction Services advised hosting provider UKFast on its acquisition of cloud and cyber security services provider Secure Information Assurance (S-IA). Lancashire-based S-IA works with many government organisations and has long-standing agreements with the Cabinet Office and Ministry of Defence. The deal gives UKFast access to IL3 and IL4/Official-Sensitive accreditations as well as … Continued
Sheffield-based engineering group Pressure Technologies plc has acquired Martract Limited for £4.3m. Martract is a highly specialist, niche engineering business with strong longstanding customer relationships. The business was established in 1978 and is based at the Humber Bridge Industrial Park at Barton-upon-Humber. Pressure Technologies said that the acquisition, which is expected to me immediately earnings … Continued
A market leading supplier of social care and health software solutions and digital services to around 60% of top tier local authorities in England including Sheffield, Barnsley, Darlington, Durham and Newcastle has been taken over in a deal involving Yorkshire advisers. Open Objects Software Limited, a specialist in the UK public sector social care and … Continued
Dow Schofield Watts Corporate Finance (“Dow Schofield Watts”) advised the shareholders of Cascade Consulting Holdings Limited (“Cascade”) on their sale to Ricardo PLC (“Ricardo”) for an undisclosed consideration. Ricardo said the deal follows a successful collaboration between the company which started in February and will bring additional capacity and reach in its water resources and … Continued