Tech

THG, Wejo, GBG: The latest 15 Northwestern deals that should not be overlooked

Some of the largest companies in the northwest are one of the companies that have announced various mergers and acquisitions in the past week.

THG, Sun Valley Nut Company, Silentnight supporters, GBG, etc. are among the top names involved in the confirmed transaction. Since the last summary..

Are there any deals you would like to cover in the next Roundup? Please email jon.robinson@reachplc.com.

read more:The loss of experienced staff has forced investment firm Blankstone Sington to accept FCA restrictions.

here, BusinessLive Emphasizes Northwestern deals that should not be overlooked.

THG

THG is headquartered in Manchester

The second largest shareholder in online beauty, wellness and software giant THG I increased the stake further.

Sofina Capital currently owns more than 9% of the Manchester-based group, up from just over 8%.

Private-equity firms can trace their roots over 120 years ago and are headquartered in Brussels.

The move came after US-based investment firm T. Rowe Price acquired a 5% stake in THG. Early this month.

Sun Valley Nuts Company

The Sun Valley Nut Company was founded by a hacker.
The Sun Valley Nut Company was founded by a hacker.

Sun Valley Nut Company, a family company founded in 1949, Sold To the groups behind Baileys Chocolates, NOMO, The Fruit Factory and more.

Zertus UK has acquired a Wirral-based company for a private amount.

Buyer brands also include Forest of Hope, Kinnerton Confectionery, and Lir Chocolates, which partner with Diageo to manufacture Baileys Chocolates. It also owns Hull-based Humdinger Foods, which manufactures branded and own-branded healthy snacks.

Sunvalley offers peanuts and nut-based snack products through its own brand, food services and food ingredients channels.

Toscadet Capital


Supporters such as Silentnight Provided a £ 20m Boost To the recruiting group with sales of £ 100 million.

Manchester-based Tosca Debt Capital has signed a funding package agreement with Watford-based MCG Group.

The group employs approximately 300 people and provides recruitment, consulting and project-based services in the construction, education, healthcare and technology sectors in the UK and abroad.

Transactions after three acquisitions by the MCG Group in the last 12 months while TDC partner Mat Deering joined MCG’s Group Board of Directors.

Wejo

wejo CEO Richard Barlow

Wejo, a Manchester-based connected car data company backed by the giant General Motors of the United States, After completing the reverse merger, it floats on Nasdaq.

The contract with Virtuoso Acquisition Corp First announced at the beginning of June We valued the Northwest business at $ 800 million.

As a result of the move, Wejo received approximately $ 225.7 million.

Wejo was founded in 2014 and has more than 250 employees.

GBG

GBG

Identity Verification Specialist Announced acquisition Of US counterparts in transactions worth over £ 540m.

Chester-based GB Group (GBG) has acquired identity verification and KYC / AML compliance provider Acuant for $ 736 million.

AIM-listed buyers’ transactions are 210 million from the new £ 175m revolving credit facility, evenly split into HSBC UK, Silicon Valley Bank, Lloyds Banking Group, City Bank and Bank of Ireland. It was supported by a dollar (about £ 155m) drawdown.

The remaining funds were raised through a combination of new shares issued to institutional investors, new GBG shares issued to specific Acuant management and private equity vendors, and existing cash.

Chesnara


Chesnara, owner of Preston-based Countrywide Assured, has agreed to acquire a 100% stake in Robein Leven NV and its subsidiary Robein Effecten Dienstverlening. This is a professional provider of traditional and linked savings products, mortgages and annuities in the Netherlands.

The deal was agreed with Monument Re Group through the existing Dutch-based closed book platform, Waard Group.

The £ 13m consideration will be paid in cash upon completion and will be funded by existing resources within Ward.

The transaction is expected to close in the first half of 2022.

Glaisyers ETL

William Pinnock, Partner and Corporate Head of Glaisyers ETL
William Pinnock, Partner and Corporate Head of Glaisyers ETL

Greater Manchester and London law firm Glaisyers ETL have provided corporate legal advice to parent group ETL Global UK on acquiring a majority stake in Southampton law firm Fiander Tovell.

ETL Global UK, headquartered in the United Kingdom in Bolton, has purchased a 51% stake in Fiander Tovell.

Founded in 1976, Fiander Tovell provides accounting, auditing, tax and corporate advisory services to a variety of businesses and regulated organizations, including professionals, schools and charities. It remains operational independent under the leadership of existing directors Andy Jay, Paul Meacher and Cathy Revis.

White oak

White Oak, a Chester-based business lender, has announced that it has completed a £ 150 million securitization facility from Barclays Bank, with plans to invest in small businesses across the UK.

White Oak has a balance sheet of around £ 500 million and is one of the UK’s largest non-bank small business lenders.

The company is now ready to invest significant capital in asset finance over the next few years while continuing to grow its lending business.

White Oak supports a wide range of sectors, including agriculture, manufacturing and construction, and our team of consultants has extensive experience across these sectors.

Celebrity

Celebrity CEO Chris Roche
Celebrity CEO Chris Roche

Celerity, a hybrid cloud and IT managed service provider, has announced a £ 15 million investment from BGF, the UK’s most active growth capital investor.

Headquartered in Preston, Celeste is a fast-growing provider of high-value, complex hybrid cloud and IT managed services.

This business leads the organization through digital transformation and modernization, increasing the efficiency of managing and optimizing critical enterprise infrastructure. Its services include cybersecurity, data recovery and data visualization.

BGF funding allows management, led by founders Chris Roche (CEO) and Craig Aston (COO), to continue to expand their proposals for managed services offered with Celerity’s own IP.

Place Capital Group

Loops Systems Stephen McCusker and Sarah Renshaw
Loops Systems Stephen McCusker and Sarah Renshaw

Place Capital Group, a specialist in housing estate rehabilitation, has made its third acquisition.

A Manchester-based group has soared the loop system for a private amount.

Loop Systems is a Manchester-based specialist architecture practice that uses a participatory design process to provide architectural services to community groups, housing providers, ethical companies, and the philanthropic sector.

Its recent projects include numerous missions with Chorton’s vegan food retailer, the Unicorn Grocery Cooperative, to take ownership and redevelop the Stretford Public Hall listed in Trafford’s Grade II. We are supporting the local community to do so.

PM + M

Paul Spencer, Kris Johnson, Jane Parry, Mark Scofield
Paul Spencer, Kris Johnson, Jane Parry, Mark Scofield

Based in Blackburn and Bury, PM + M has acquired the Accrington office of Haworths Certified Accountants, a Certified Accountant, Business Advisory, and Financial Planning Group. The value of the transaction has not been disclosed.

The Haworths team will move to PM + M’s headquarters at New Century House in Blackburn’s Greenbank Technology Park next March and will continue to be located in the “for the time being” Accrington’s Old Tanary.

Paul Spencer, Director of Haworths, will join PM + M as a partner.

His director’s colleague, Mark Schofield, will be there during the transition to assist in referrals to clients before focusing on managing the Haworths Settle office.

Carr Moss Kennels & Cattery

Peter and Andrea Ruchi
Peter and Andrea Ruchi

The Halsall-based kennel and cattery will be expanded after being acquired by a new owner, thanks to a six-digit funding package from Lloyds Banking.

Carr Moss Kennels & Cattery opened over 40 years ago, offers accommodation and takes care of cats and dogs for short and long stays.

When the previous owner retired, the business was put up for sale and Peter and Andrea Luce offered.

Combining love for animals with over 20 years of experience running its own IT consultant, the business approached Lloyds Bank and secured a six-digit funding package.

Barcode data

Aldermore Bank has provided a £ 900,000 invoice financing feature for barcode data to support growth beyond the pandemic.

Barcode data services include barcode scanners, mobile devices, label printers, and related consumables such as labels and ribbons, label designs or custom software.

Based in Ashton-under-Lin, the business was founded in 1990 and was acquired by Mike Jackson in January 2020.

Aldermore provided the Invoice Finance Facility as part of the financing to support the transaction and the Coronavirus Business Suspension Loan Scheme (CBILS) Facility to support the cash flow of the business during a pandemic.

Xploro

Group photo of some doctors and clients in the Pediatric Oncology Day Care Unit
Group photo of some doctors and clients in the Pediatric Oncology Day Care Unit

Xploro, a platform that uses augmented reality, gameplay and artificial intelligence to provide health information to young patients, is from the Manchester Export Fund, backed by a recovery loan scheme and provided by professional lender GC Business Finance. I have secured a loan of £ 100,000.

Xploro was founded as a solution to the lack of quality information available to prepare for hospitalization and uses an age-appropriate language and interaction paradigm to reduce treatment stress and anxiety and clinically. Improve outcomes.

Xploro is already using this money to recruit four new employees to support its expansion into the international market.

Time finance

Time Finance Phil Chesham
Time Finance Phil Chesham

Northwest-based Time Finance has renewed its contiguous facility with RBSIF with a new three-year contract.

The £ 50m facility, which is used solely to provide business owners across the UK with an increase in invoice finance facilities, is an important next step in the company’s growth plan.

Phil Chesham, Head of Invoice Finance, said:

THG, Wejo, GBG: The latest 15 Northwestern deals that should not be overlooked

Source link THG, Wejo, GBG: The latest 15 Northwestern deals that should not be overlooked

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