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>TelinetFollow-on acquisition
 TelecommunicationsFollowing our initial investment in Telinet in August 2006 we further funded the acquisition of two technology service companies, Newburn Consulting and Evolution Voice & Data plc.
 
>AerialMezzanine lending

Wireless coverage solutionsWe provided mezzanine finance and an element of senior debt finance as part of the acquisition of Avitec by Aerial Facilities Ltd.
 
>ClinisysMBO
 Diagnostics softwareWe provided mezzanine finance to assist with the management buy-out of CliniSys from the founding shareholders.
 
>Catalyst Media Group
Refinance
 MediaWe provided a loan to refinance existing deep discounted bonds, enabling Catalyst Media Group plc to increase its effective stake in Satellite Information Services (Holdings) Ltd.
 
>Superglass
MBO
 InsulationWe worked along side NBGI Private Equity to provide mezzanine finance and preferred equity, which gave the company an attractive alternative to syndication and allowed them to enhance further their equity returns.
 
>Spectrum InteractiveSecondary MBO
 TelecommunicationsWe provided mezzanine finance to support ongoing organic growth of the business and as part of a secondary management buy-out.
 
>Iris
Refinance
 SoftwareWe participated in the higher yielding mezzanine, second lien and senior loan notes as part of a syndicated refinance.
 
>DVC Sales
IBO

Marketing servicesWe worked to develop a post-transaction mezzanine finance structure as an alternative to a full syndication of part of the institutional equity.
 
>EuphonyMBI
 TelecommunicationsWe provided acquisition finance to assist Giles Redpath with a management buy-in to Euphony, a network marketing based telecoms company. 
 

 


 

Mezzanine finance    |    Equity    |    Mezzanine team


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>TMPGrowth and acquisition financing
 Recruitment advertising, communications and directional marketingWe provided asset based lending and a term loan to support working capital requirements and future acquisition
>Roadways Container LogisticsAcquisition
 Inland UK container transport businessWe provided acquisition finance and asset based lending to support Aegeus Transport's acquisition of Roadways Container Logistics Ltd from parent group, Maersk.
 
>Integrity Print
(formerly Communisis Bath)
MBO
 Manufacturer of business forms stationeryWe provided acquisition finance and asset based lending to support the management buy-out of Communisis Bath from parent Communisis plc.
 
>GRS GroupMBO

RecruitmentWe provided acquisition finance and asset based lending to support the management buy-out from the founder directors, with equity being provided by Penta Capital.
 
>CME Sanitary Systems
(formerly Polypipe Sanitary Systems)
MBO
 Manufacturer of toilet seat and flushing systemsWe provided acquisition finance and asset based lending to support the management buy-out of Polypipe Sanitary Systems Ltd from parent Polypipe Group.
 
>Eden BrownAcquisition
 RecruitmentWe assisted Hamilton Bradshaw with the acquisition of Eden Brown, a recruitment and managed services business, and provided funding to support ongoing working capital requirements and future acquisitions.
 

 


 
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>Sugar PuffsAcquisition by a portfolio company
 FoodWe provided follow-on equity funding to Big Bear Group Limited to finance the acquisition of Sugar Puffs and Harvest Cereal bars.
 
>TelinetAcquisition
 TelecommunicationsWe structured an integrated facility combining minority equity, mezzanine and senior debt, offering one amortisation schedule and one blended interest rate to support the acquisition of Telinet.
 
>Plastics CapitalBIMBO and follow-on acquisitions
 Plastics manufacturingWe provided a fully integrated facility of minority equity, mezzanine and senior debt to assist with the acquisition of a niche plastics manufacturer. Later, another integrated package was provided to support the acquisition of two further niche plastics businesses.
 
>Sydney & LondonEquity and acquisition finance
 Commercial propertyWe made a minority equity investment in the acquisition of the Euston Estates.
 
>Fox's ConfectioneryMBI
 ConfectioneryWe provided integrated finance in the form of equity, mezzanine, senior debt and working capital facilities to support Big Bear Ltd in the acquisition of Fox’s Confectionery.
 

 


 
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Copyright © Investec Limited 2008
Article from Investec: http://www.investec.com/en_pb/home/public_sector/lending/growth_acquisition/case_studies.html

Published: Thursday, August 13, 2009

 
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