Kallidus secures funding from RBS

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HMT LLP advised FPE Capital (“FPE”) and Cirencester-based software company Kallidus Ltd (“Kallidus”) on their financing supported by Royal Bank of Scotland (“RBS”). Founded in 2000, Kallidus is a leading provider of learning and talent Saas solutions with more than 200 clients including Boots, Telefonica, Transport for London and Eurostar. Kallidus employs around 100 staff and is majority owned by FPE following a secondary management buyout from Westbridge Capital in 2015. The funding package from RBS will support new product [...]

Refinancing of ICA Group

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HMT LLP advised ICA Group, a leading document management and solution provider on its refinancing and shareholder restructuring. Facilities were provided by existing debt providers, Natwest. The ICA business was established in 1993 and has developed into a leading document management solutions provider servicing SMEs and small businesses in the South East of England.  ICA‘s core business is the resale and maintenance of Kyocera, Ricoh and Toshiba office printing equipment, predominantly to the not for profit, commercial, education and legal [...]

Financial Restructuring of Aldershot Town FC



HMT advised Quantuma LLP (“Quantuma Restructuring”) on the financial restructuring of Aldershot Town Football Club (“Aldershot Town FC”). Southampton-headquartered Quantuma is a restructuring and insolvency practice providing a partner led service to businesses and individuals facing financial distress. Launched in January 2013 by Carl Jackson, the business is quickly becoming the premier independent restructuring practice in the South. Aldershot Town FC, based in Aldershot, Hampshire, was founded in 1992 after the closure of debt-ridden Fourth Division club Aldershot [...]

Refinancing of Southern Communications

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  HMT LLP advised Southern Business Technologies Limited ("Southern Communications"), a leading independent B2B telecoms service provider, and their bankers Santander, on the growth funding of the business. Hampshire-based Southern Communications was established in 1956 and is now a leading supplier of business-to-business telecoms products and services, with a focus on SME businesses in the South of England. Their award-winning service offering encompasses business mobile, business broadband, phone systems and fixed lines and call charges. The £4.75m financing [...]

MBI of Andante Travels Limited

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HMT LLP advised Panoramic Growth Equity (“Panoramic”) and incoming CEO, Ian Finlay, on the management buy-in of market leading archaeological travel business Andante Travels Limited (“Andante”). Andante, founded in 1985 by archaeologist Dr Annabel Lawson, is a leading British provider of expert guided tours and specialist holidays to destinations of archaeological interest globally. Based in Salisbury, Wiltshire, the business runs over 100 tours in 32 different countries, led by their highly experienced, knowledgeable and multilingual team of archaeologists, [...]

MBO of Procam Television Limited

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HMT LLP advised Newco and existing management on the buy-out of Procam Television Limited ("Procam"), the UK's largest broadcast hire company. Specialist private equity firm Foresight Group backed the transaction with a £1.8 million investment. Headquartered in Battersea, London, with additional facilities in Manchester, Procam provides camera equipment and crew to many of the largest broadcasters, production companies and blue chip organisations in the UK. A technical leader in their field, Procam has the largest stock of HD [...]

Refinancing of Braeforge Limited

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HMT advised the management of Braeforge Limited (“Braeforge”) on its recent development capital fundraising. Equity was secured from a consortium of investors from the dairy industry, and provided essential working capital to support the company’s continuing growth. Braeforge is a leading UK based dairy producer and distributor across the south of England. The company has a network of seven distribution centres supplying a significant customer base of both residential and commercial consumers, delivering to over a hundred thousand [...]

Imperial Innovations Group PLC Invests in Stanmore Implants

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    HMT advised Imperial Innovations, the UK's leading technology commercialisation and investment company, on its £4 million investment in Stanmore Implants. Stanmore Implants is a specialist in the design and manufacture of patient specific implants for complex orthopaedic reconstructions. Stamnore currently focuses on orthopaedic oncology, and complex primary and secondary revisions in the upper limb, lower limb and pelvis, with a custom design and manufacture service. The proceeds will be used to expand Stanmore's US and UK [...]

Penta backs £60M managed data buy and build



HMT were delighted to advise the former management team of SpiriTel plc, led by Alastair Mills and Ronnie Smith, on the formation of a new communications Group, the Six Degrees Group, focussed on managed data services. This new Group has just completed its initial three acquisitions, UK Solutions, NetworkFlow and Protel. These have been funded by Penta Capital, which has led a fundraising round of £60 million for the new Group. Having returned SpiriTel to profitability, the SpiriTel [...]

Investment in Yospace by Catapult Venture Managers



HMT advised Catapult Venture Managers Limited on their investment in Yospace Enterprises Limited. Yospace is a mobile applications innovator and platform provider which was established in 1999 and whose latest product is yospaceCDS, a platform for digital publishers, mobile applications developers and mobile operators which enables online video content to be delivered seamlessly to mobile devices. Previously part of EMAP and later Bauer, Yospace was acquired by its management team, led by Tim Sewell and David Springall, in [...]

Investment in Farfetch.com by Advent Venture Partners

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HMT advised Advent Venture Partners LLP on their investment of $4.5 million in farfetch.com E-commerce Solutions Limited. Launched at the end of 2008, farfetch.com is an online fashion marketplace which aggregates stock from 44 boutiques across Europe and the USA to create one online store which offers a wide range of clothing and accessories from a diverse selection of designers, alongside editorial content.  Orders are placed on the site but fulfilled by the boutique.  In addition to running [...]

Wound Solutions completes round of fundraising



Wound Solutions Limited, exclusively advised by HMT, have successfully raised £2.5m in development funding from both new and existing investors. This will enable Wound Solutions to bring to market its initial product. Wound Solutions is involved in developing an innovative solution for the healing of chronic wounds by combining the benefits of electrotherapy with the ability for continuous monitoring. Initial studies have shown strong potential for Wound Solutions' first product and it is already in the midst of [...]

Investment in Harmony Media Group

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HMT acted as reporting accountants for Beringea in respect of their investment in Harmony Media Group, comprising Filmnight.com and Saffron Digital. Filmnight, an online and mobile film content provider, has been established for three years and recently launched its Saffron Digital brand, using the technology developed for its mobile offering to deliver a wide-ranging service to content owners. The investment by Beringea will enable the business to develop their offering further, generating new revenue streams. Andrew Thomson commented: [...]

Investment in Seafood Holdings Limited

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HMT acted as reporting accountants for Risk Capital Partners on its investment in Seafood Holdings Limited. Seafood was originally established by Mr Toby Baxendale in June 2001 as a seafood distributor. The decision to enter into the seafood industry was to compliment Mr Baxendale’s long established meats business, Billfields, with the consumption of fish increasing as consumers move away from meat. Andrew Thomson commented: “Seafoods has been pursuing a buy and build strategy since 2001, gaining countrywide coverage [...]

Development capital for Kate’s Cakes Limited

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  HMT was appointed by Royal Bank of Scotland to carry out the financial due diligence for development/expansion capital for Kate’s Cakes Limited. Kate’s Cakes Limited is a provider of high quality cakes and desserts to major retailers and coffee shops.  It was subject to an MBO in December 2001, which was backed by Royal Bank of Scotland, since when it has continued its rapid growth based on providing high quality and innovative products. Royal Bank of Scotland [...]

Refinancing of Advanced Clinical Sciences Corporation Ltd and acquisition of CRC GmbH (Switzerland) and CRC SRL (Italy)

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HMT advised its client Advanced Clinical Research Corporation Limited (“ACSC”) in the refinancing of its growing operations and the acquisition of the pan European CRC Group. ACSC was founded in 2002 by Dr Guy Patrick, Dr Simon Yaxley and Mr Tim Carden, all of whom have extensive experience of the pharmaceutical industry. The objective of the business was to build a contract Clinical Research Organisation (“CRO”) with a global footprint in the medical clinical research market through buy [...]