£20m Secondary MBO of UAP

, ,


HMT LLP advised the shareholders and management team of leading UK supplier and distributor of high specification door and window hardware UAP Ltd (“UAP”) on the secondary management buy-out backed by Maven Capital Partners (“Maven”). Established in 1996 by David Jennings and based in Manchester, UAP has an extensive and market leading portfolio of brands across key product areas such as door lock cylinders, handles, hinges, letter box plates and guards. The business has a track record of [...]

Disposal of Key2Futures to Horizon



HMT LLP have advised the shareholders of specialist care and support business Key2 Futures Ltd (“Key2”) on the disposal of the business to Horizon Care and Education Group (“Horizon”). Key2 was set up in 2004 to meet the needs of young people leaving local authority care with complex and high support needs. Since then, Key2 have diversified to offer a range of services and expanded to become an important provider across the Midlands and South of England providing housing [...]

Disposal of QTR Transport to Palletforce Ltd



HMT LLP advised the shareholders of QTR Transport Limited (“QTR”) on the disposal of the business to Palletforce Ltd (“Palletforce”) for an undisclosed sum. Founded in 1980 by Paul White, QTR is based in Newbury & Reading and operates throughout the British Isles. The business provides overall distribution solutions and can operate over 100,000 square feet of warehousing. QTR’s client base includes blue-chip companies as well as smaller businesses. Palletforce is an award-winning distribution network for small and large goods across [...]

Disposal of Centric Systems Ltd



HMT LLP advised the shareholders of Centric Systems (“Centric”) on the disposal of the business to Equity Networks. Based in Cookham Dean, Berkshire, Centric is a highly acclaimed business technology and IT services company. Founded in 2004 by Abbos Azad, Centric has clients based in London and the Home Counties as well as internationally. Equity Networks, a leading UK Managed Communications Service provider based in Uxbridge, acquired Centric for an undisclosed sum. Abbos has been appointed as Managing Director and [...]

Disposal of Grace Personnel Ltd



HMT LLP advised Nicola Dandridge, shareholder of Grace Personnel Ltd (“Grace”), on the sale to its current management team, backed by Percipient Capital (“Percipient”). Grace was established by Nicola in 1999 and has grown to become a leading provider of recruitment services to a strong portfolio of customers in the vicinity of Maidenhead, principally operating in the support personnel segment. HMT advised Nicola in sourcing of offers, negotiation and managing the deal through to completion. HMT, commented, “We are delighted [...]

Disposal of The Vacancy Management Company Limited



HMT LLP advised on the disposal of specialist recruitment business The Vacancy Management Company Limited (“VMC”) to 1 to One Recruitment Limited (“1-1 Recruitment”). VMC specialise in designing and delivering resourcing strategies for clients within the pharmaceutical and healthcare industry and have extensive team build experience across diverse roles for either permanent or contract positions. Based in Hampshire since incorporation in 2000, VMC has also provided profile testing services and HR support to their clients over the last 15 years. [...]

Disposal of Usa2Europe to Orangefield Group

, ,


HMT LLP advised global expansion experts Usa2Europe on the disposal of the business to Orangefield Group. USA2Europe is company of experts specializing in expansion support for growing US technology firms. Since their launch in 2004, USA2Europe was instrumental in helping numerous North American companies to successfully establish and run subsidiaries, offices and operations across Europe, Asia, and South America. Orangefield Group has confidently guided their numerous clients through international expansion for over 40 years. Orangefield has acquired USA2Europe earlier this [...]

Management Buyout of Whistl

, ,


HMT LLP advised Dutch group PostNL B.V. on the transfer of UK subsidiary, Whistl UK Ltd and its subsidiaries (“Whistl”), to its management team. Headquartered in Marlow, Whistl (formerly TNT Post) is the second largest postal operator in the UK after Royal Mail, turning over more than £600m per annum.  Its core Down Stream Access business has over 56% market share in the UK, handling around 3.75 bn items of mail, alongside an established Door Drop Media division. In addition [...]

Disposal of The Green Board Game Company Ltd to Searainbow Group Ltd

, ,


HMT LLP advised the shareholders of High Wycombe-based The Green Board Game Company Ltd (“Green Board Game Co”) on their disposal to Searainbow Group Ltd (Searainbow). Established in 1991, Green Board Game Co invent and produce environmentally friendly games for families and groups to learn and play together. Green Board Game Co products include the best-selling BrainBox range, educational card games for children and Name 5, and many other educational games and colouring books for children. Green Board Game Co [...]

Disposal of Friarwood Wine

, ,


HMT LLP has recently advised the shareholders of Friarwood Limited (“Friarwood”) on its business and assets disposal to a private Canadian buyer. Established in 1967 by the late Peter Bowen, Friarwood established itself at the forefront of the fine wine market in the 1970s and 1980s sourcing directly from the great Bordeaux houses and was recognised as one of the most dynamic independent wine merchants in the UK. With its roots in the fine wine market, Friarwood cellared on with enviable [...]

Disposal of Foresight Partnership Ltd

, ,


HMT LLP advised the shareholders of Foresight Partnership Limited, one of the leading niche governance and organisational development consultancies in healthcare in the UK, on their disposal to GE Healthcare Finnamore. The acquisition will see the launch of the 'Foresight Centre for Governance' at GE Healthcare Finnamore, adding to GE Healthcare Finnamore's specialist health and social care consultancy base.  The Centre will be led by former Foresight shareholders Adrienne Fresko CBE and Sue Rubenstein, who will join as partners reporting [...]

Disposal of Keltec Ltd

, ,


HMT LLP advised the shareholders of Keltec Ltd (“Keltec”) on the disposal of Bracknell-based IT solutions provider, Keltec to Annodata Ltd (“Annodata”). Annodata, a leading provider of communications, managed print and data services for businesses, has acquired IT infrastructure provider, Keltec as part of its continued expansion into the cloud arena. Founded in 1998, Keltec delivers end-to-end IT solutions to customers of all sizes nationwide. The company holds a range of industry accreditations, including HP Gold Partner, VMware Enterprise Solution [...]

Disposal of Swift Worldwide Resources

, ,


HMT LLP advised Swift Worldwide Resources (“Swift”), the market-leading specialist recruitment provider for the global oil & gas industry, on its sale to US private equity firm Wellspring Capital Management LLC (“Wellspring”). Swift, headquartered in Houston, Texas, is one of the world's leading suppliers of skilled manpower resources to the global oil and gas industry. Their client base comprises blue-chip, multinational energy firms in the exploration and production sector, where specialist contractors are required to meet the technical [...]

Disposal of Unique ID

, ,


HMT LLP dvised the shareholders of Unique-ID, a specialist supplier of mobile solutions, auto-ID equipment, RFID and tracking products to the UK logistics market, on its disposal to M-Netics. Unique-ID will become a wholly owned subsidiary of M-Netics Holdings Ltd and will continue to trade and operate as a standalone business within the group. M-Netics is a leading supplier of mobile solutions to the UK retail and logistics markets and a major supplier of Motorola Solutions products. M-Netics [...]

Disposal of Basan UK Limited



HMT advised Cleanroom Products (Holdings) Limited on the disposal of Basan UK Limited ("Basan"), a leading supplier of cleanroom consumables and equipment for the pharmaceutical, medical, engineering and food industries, to VWR International LLC ("VWR"), a supplier and distributor of scientific supplies to the research laboratory market. Basan, based in Basingstoke, Hampshire, is the UK's largest specialist cleanroom distributor, with 25 years in the cleanroom market and a client base spanning across the pharmaceutical, medical device, biotechnology, microelectronics, [...]

Disposal of Elmelin Limited



HMT LLP advised sole shareholder Stephen Weiss on the disposal of Elmelin, a London-based manufacturer of industrial electrical and heat insulation products, for £4.2 million. The acquisition was led by new Managing Director Rudi Raber, who has been instrumental in the growth of the business over the past ten years, and Steve Carle, a former director of Lloyds Development Capital, who becomes Chairman. Stephen retains a minority stake and remains with the business on a consultancy basis, post-transaction. [...]

Disposal of Stratford’s Wine Shippers and Merchants



HMT LLP advised the Directors of Stratford’s Wine Shippers and Merchants Limited (“Stratfords”) on the disposal of the trade and assets of the business. Stratfords is an established wine importer and distributor of new and old age wines across the UK. The business has been distressed due to the recent loss of 2 major customers and the Directors therefore decided to dispose of the business. In an accelerated divestment process, HMT prepared the business for sale, approached a [...]

Merger of Planit Holdings Limited and Vero Software Limited



HMT advised the management of Planit Holdings Limited, a leading developer of computer-aided manufacturing (CAM) and computer-aided design (CAD) solutions, on their merger with Vero Software Limited, a leading provider of CAD/CAM/CAE solutions for the tooling industry. Founded in 1983, Ashford-based Planit develops and supports software and services for CAD/CAM, specifically targeting the woodworking, cabinet-making, engineering and stone industries. Established in 1997, Cheltenham-based Vero is a supplier of specialist software for the design and manufacturing of applications for [...]

Tendeka Sells Industrial Monitoring Business Of Sensornet LTD To Nova Metrix LLC



HMT advised the Tendeka Board on the disposal of the industrial monitoring business of its London-based fibre optic monitoring subsidiary, Sensornet Ltd, to the Nova Metrix LLC, a company that serves the global test and measurement market. Tendeka will retain exclusive access to Sensornet products within the upstream market segment. Sensornet, which is now fully industrial and downstream following the integration of upstream fibre optic monitoring into Tendeka, incorporates systems for power, environmental, industrial and fire monitoring. Tendeka’s [...]

Disposal of Netmums Ltd



HMT advised the shareholders of Netmums Limited on the disposal to the Aufeminin Group, the No.1 publisher of women’s websites worldwide. HMT led a competitive sale process which resulted in realising maximum value for the shareholders. Established in 2000, London based Netmums.com is a parental website “designed for mums by mums” with its main features being editorial content, discussion forums and chats. The website operates on the basis of contributions from its users which attracted 2.25m unique users [...]

Disposal of EcoTECH

, ,


HMT advised the shareholders of ecoTECH on their disposal to Climate Energy Limited, a leading carbon reduction management agent. Founded by Christine Hynes and David Alderton, Ecotech designs and builds ecoTECH ZCBS, a UK Zero Carbon off-site manufactured complete building envelope, which complies with the UK‘s new Governments building regulations. ecoTECH ZCBS is leading the market with a cost on par with that of traditional build and a capacity to deliver up to 5,000 homes per annum. Climate [...]

Disposal of Basildon Chemical Company Ltd

, ,


    HMT advised the shareholders of Basildon Chemical Company Limited on the disposal to KCC Corporation, an international chemical manufacturer based in South Korea. HMT led a competitive sales process which resulted in realising maximum value for the shareholders. Basildon was established in 1971 by Kelvin Bryon who has successfully grown the business to become a leading specialist manufacturer of silicone emulsions and compounds. With its unique products and acknowledged expertise, it is recognised worldwide for its products. [...]

Disposal of in4tek Limited to Civica Group Ltd



HMT advised the shareholders of in4tek Limited on its disposal to Civica Group Ltd. in4tek, based in Altrincham, specialises in application software and related services for the health and social care sectors. Its integrated product suite, which enables the management of all aspects of community-based care, is used by health service providers and local authorities across the UK and Canada, including within Connecting for Health, the NHS National Programme for IT in England. The company was owned by [...]

Disposal of ICAM Limited



HMT advised the shareholders of ICAM Limited (“ICAM”) on its disposal to VSK Group, a Belgian based provider of sophisticated electronic security systems. ICAM was founded in 1987 by Managing Director and majority shareholder, Alasdair Williamson. Through continual investment in research and product development, combined with Management’s knowledge and expertise of technologies in the aspirated smoke detection field, the Company has developed a range of market leading gas and smoke detection systems with a global market potential. The [...]

Disposal of Donatanonio Limited

, ,


HMT advised the Shareholders of Donatantonio Limited (“Donatantonio”), an ongoing client of HMT, on its disposal to a BIMBO team led by Steve Asplen. The transaction was funded by Beringea who also introduced Steve to the management team. Donatantonio was established in 1902 by Luigi Donatantonio as a Mediterranean retail outlet in central London, servicing Britain’s growing Italian population. During the 1950’s and 1960’s, Donatantonio moved from retail to distribution and started to supply food manufacturers with Mediterranean [...]

Disposal of Tiger Haulage Limited



HMT advised the shareholders of Tiger Haulage Limited ("Tiger Haulage") on the sale to City Link Limited, a subsidiary of Rentokil Initial Plc. Mr Gerry Zukas, the founder and principal shareholder, has built up Tiger Haulage over 24 years to become City Link’s largest franchisee group with depots in Barking, Birmingham, Hemel Hempstead, High Wycombe, Hoddesdon, Reading, Welwyn Garden City, West Bromwich and Worcester, it operates a networked express parcel delivery services across the UK and Northern Ireland [...]

Disposal of Swindon Autos

, ,


HMT negotiated the disposal of Swindon Auto’s together with the project management of the process. Swindon has been trading for approximately 20 years, selling new and used cars, car parts and servicing.  The dealerships are Saab, Seat, Jaguar, Mazda and Citroen. Andrew Thomson commented: “Having acted for Swindon Auto’s for over 10 years, I was pleased to advise Cambria on the sale which has effectively allowed John Sudbury to retire from Swindon and on what looks like being [...]

Sale of Heathrow Limited for £4.6 million

, , ,


HMT advised Mr Brian Johnston and the other shareholders of Heathrow Limited on its sale to HR Owen plc for £4.6 million. HMT acted as lead advisers in the transaction which included detailed negotiations with HR Owen plc. Heathrow Limited was acquired by Mr Johnston in 1994 and Andrew Thomson also advised Mr Johnston in the original acquisition. Since the management buyout, HMT were retained as auditors and tax advisers to Heathrow Limited. HMT partner Andrew Thomson commented: [...]

Sale of Profile Resource Management Ltd to Hotgroup plc



  HMT advised the shareholders of Profiles Resource Management Limited (“PRM”) on the sale to Hotgroup Plc. PRM provides outsourced recruitment services to some of the UK’s leading employers. HMT identified Hotgroup Plc as a potential purchaser and negotiated the transaction on behalf of the vendors.  

Sale of Caterham Cars Limited

, ,


  HMT advised the shareholders of Caterham Cars Limited ("Caterham Cars") on the sale of the company to Corven Ventures for an undisclosed sum. Established in the 1960’s, Caterham Cars manufactures and sells the Caterham Seven sports car in both kit and fully built form. There are four variants of the Caterham 7 in production; the Classic, the Roadsport, the Superlight and the CSR that can all be used on the road or for track racing. Caterham Cars [...]

Sale of Keith Prowse Limited to Compass Group plc for £20 million

, ,


  HMT advised the shareholders of Keith Prowse Limited ("Keith Prowse") on the sale to Compass Group plc for £20 million. Keith Prowse is one of the UK’s leading providers of corporate hospitality entertainment and it has exclusive contracts at prestigious events including St Andrew’s, Wimbledon, Cheltenham and Lords. Following the acquisition, Compass will incorporate its existing hospitality businesses under the umbrella of Keith Prowse, which Peter Selby and AK Than will be retained to run. This enlarged [...]