9 Feb 2022
Controversy, airlines, and efficiency: the road to 5G continues
Business Services
Capital Raising
Polestar advised on the fundraising of Australia-based financial services business, FinSA Pty Ltd, a provider of risk management, technology and back-office services to contracts for difference (CFD) retail businesses. A capital and debt package totalling up to £4m was provided by Brompton Ventures, a privately funded Venture Capital Fund focusing on technology, statistics, gambling and gaming opportunities.
Business Services
M&A
Business Services
MBO
Acted for Tim and Cerrie the founders to sell the business
Ran full auction, spoke to trade/PE
PE provided best valuation
Mavern Capital Partners, supported by HSBC backed CEO Matthew Keane and his colleagues to do an MBO
TC Communications is a marketing and communications business based in Ascot and counts O2, Virgin and Menzies amongst its blue-chip clients
Software & Technology
M&A
Software & Technology
MBO
Polestar advised on the sale of the exiting vendors’ equity and a capital investment for Anglia Business Solutions Holdings Limited. The disposal was to an MBO team backed by Westbridge Capital and Glumarra, a US-based strategic industry partner. Senior debt funding was provided by the Co-Operative Bank. Cambridge-based Anglia focuses on the food supply sector, with specialist business units including secure networking, CRM solutions and software development.
Business Services
Financial Due Diligence
Software & Technology
M&A
Polestar advised on the acquisition of Chiltern IT, a Buckinghamshire-based business founded in 1982, an HP parts Partner, by Denmark-based EET Europarts. EET Europarts is part of the EET Group, founded in 1986, and today one of Europe’s leading distributors within IT, Security & Surveillance, Home Entertainment and Lifestyle Electronics. EET will use Chiltern IT’s excellent facilities as a springboard to enhance its existing UK offering.
Food & Leisure
M&A
Polestar successfully advised on the acquisition of Irish whiskey distillery, Bushmills, by Mexican-based Tequila producer, Casa Cuervo, from international drinks conglomerate, Diageo, in a deal worth c.$708m.
“This deal illustrates the strength of our international network, the quality of our international partners, and is a great example of how cross-border M&A teams can work together for the benefit of our clients.”
Food & Leisure
Capital Raising
Polestar advised on the successful debt financing for Zing Leisure Limited, Europe’s leading Burger King franchisee, providing Financial Due Diligence for Clydesdale Bank. The deal introduced a debt facility to Zing to allow the company to develop further as it capitalises on Burger King’s strategy of increasing the number of franchised outlets in the UK.
Food & Leisure
Debt Advisory
Polestar advised on Travelzest plc’s exising debt facility with its current lending bank Barclays Bank plc to amend the terms and provide it with a £16m debt package. Despite the difficulties affecting the wider travel sector, Travelzest was in a strong position to capitalise on the excellent growth it continued to experience in its core Canadian market.
Healthcare & Education
Capital Raising
Polestar advised on the successful £80m fundraising for the Kent Institute of Medicine and Surgery (KIMS), providing FDD and transaction support for the senior lender Clydesdale Bank (£34m) and the mezzanine lender, an affiliate of Magnetar Capital and Management. Located near Maidstone, KIMS is a tertiary hospital providing world-class facilities to the Kent and London areas.
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8 Feb 2022