Publication of the inaugural edition of our Globalscope Newsletter

Corbett Keeling is delighted to announce the publication of  the inaugural edition of our Globalscope Newsletter, the “starting point for business valuation across all sectors in any region in the global marketplace”. This new report provides:

  • Business valuation trends by global region, by sector and by size
  • Sector commentary on notable recent transactions, lower-mid market observations and global sector themes
  • News from the latest semi-annual Globalscope international mergers & acquisitions (M&A) advisors conference

The Globalscope Newsletter is published by Globalscope, the international M&A advisors network comprising 44 firms around the world that provide Corbett Keeling with access to international buyers, sellers and finance providers, access that can often be crucial to the success of financial transactions.

 

Corbett Keeling announces the sale of their client, oil and gas consultancy, Challenge Energy

Corbett Keeling and Equiteq are pleased to announce the sale of their client, Challenge Energy, to international environmental consultancy group SLR. In the deal, completed on 3rd November 2014, SLR acquired all the shares of Challenge Energy and the transaction included the merger of the existing UK based SLR upstream team with Challenge Energy.

Matt Dixon, corporate finance director of Corbett Keeling, comments on international deal flow in The Times, Tuesday 18th November, 2014

Raconteur, The Times, 18th November, 2014

BBC Inside Out reveals newly discovered footage of Simon Keeling’s bungee jump – the world’s first – from the Clifton Suspension Bridge in Bristol 35 years ago.

BBC Inside Out reveals the newly discovered footage of the world’s first bungee jump from the Clifton Suspension Bridge in Bristol 35 years ago.

The jump took place on 1 April, 1979, and was undertaken by members of the Oxford University Dangerous Sports Club. It led to the birth of a worldwide sport.

BBC Inside Out tracked down the footage, which has not been seen for decades, from the original jump in 1979. The film shows the Dangerous Sports Club practising in a garage on the morning of the jump. David Kirke jumped off the bridge in top hat and tails with champagne in his hand followed by Simon Keeling going over the edge in the second jump.

David Kirk bungee jump

 The final section of the video shows David Kirke being placed in the back of a police car.

The jumpers were arrested shortly afterwards and then released on the promise they would never do it again, but they continued with jumps in the US from the Golden Gate Bridge to the Royal Gorge Bridge, spreading the concept worldwide.

By 1982, they were jumping from mobile cranes and hot air balloons.

The Clifton Suspension Bridge, which was the location of the original jump, celebrates its 150th anniversary in December 2014.

Credit: The archive footage http://www.bbc.co.uk/iplayer/episode/b04nvp5r/inside-out-west-10112014  is courtesy and copyright of David Kirke.

Note: It is illegal to bungee jump from the Clifton Suspension Bridge in Bristol.

Inside Out West is broadcast on BBC One on Monday, 10 November at 19:30 GMT and nationwide for 30 days thereafter on the iPlayer

Globalscope Partners, Corbett Keeling’s international network of corporate finance advisers, announces merger with Asia M&A Group

Globalscope’s merger with Asia M&A adds 9 key firms in Asia to the network and brings the total number of member firms to 44 in 38 countries.

Martijn Peters, Globalscope board member and head of expansion for Globalscope commented, “Our focus for the last 12 months has been to recruit quality M&A firms to join Globalscope.  After meeting with several networks to explore the possibility of merging with a like-minded, highly focussed and active group of M&A advisors who share the same values and drive, I am delighted Asia M&A Group has agreed to join forces with Globalscope Partners.”

Josh Park, Managing Director of Asia M&A Group, and board member of Globalscope, said, “We immediately recognised the numerous synergies between both networks; our like-minded philosophy, quality of service and innovative approach to meet client’s needs.  The merger with Globalscope perfectly complements our existing network and extends our international M&A capability.”

Michael Moritz, President of Globalscope, further commented, “It is with great pleasure that we announce the merger of Globalscope and Asia M&A Group.  Globalscope now has 44 firms in 38 countries, and a significant footprint in every major global business hub.  Globalscope is the go-to international M&A network for mid-market domestic and international M&A transactions.”

The firms joining Globalscope from Asia M&A Group include:

RCS Advisors (India) Pvt. Ltd.  – Pune, India

a’XYKno Capital Services Ltd. – Mumbai, India

Naxel iPartners – Jakarta, Indonesia

Kaede Financial Advisory Inc. – Tokyo, Japan

H-Partners – Seoul, Korea Stirling Coleman – Singapore

Nexus Group – Hanoi, Vietnam Auxesia Holdings – Ho Chi Minh City, Vietnam

MBMG Corporate Solutions Co. Ltd. – Bangkok, Thailand

Corbett Keeling mails its latest edition of Private Equity Director to directors of equity backed enterprises seeking to build and realise value in their business

In this edition we look at:

  • Activity in the UK private equity sector, where there has been an increase in the value of completed deals and market sentiment remains upbeat
  • The benefits, challenges and technical considerations of an IPO or trade sale dual-track process for an exit from your business
  • How geopolitical events affect the performance of financial markets

To receive your own regular copy of Private Equity Director, join our mailing list.

M&A in the UK private equity market picked up in the third quarter and sentiment remains generally upbeat

In his regular commentary on UK mergers & acquisitions, Jim Keeling of Corbett Keeling gives a practitioner’s view of trends in the number, value and financing of private equity deals. He reports that despite concerns expressed by some about the broader economy and the durability of the M&A cycle, activity picked up overall, with particular strength in the smaller buy-outs segment, and sentiment remains generally update.

To receive your own regular copy of UK M&A Watch, join our mailing list.

Corbett Keeling is delighted to announce the successful expansion of our international M&A network, Globalscope Partners.

At our 16th biannual conference, which took place in Athens earlier this month, Globalscope welcomed three new member firms, all leading M&A advisors in their respective countries.

Tim Kogan, Director of Corporate Finance at Capital Times of the Ukraine, commented, “We have been looking to establish a global reach for our Ukrainian projects and got in touch with Globalscope Partners. We were extremely encouraged by the active leadership on the board and are proud to be a member of Globalscope Partners, a group of M&A specialists with a full range of sector expertise”.

Aieti Kukava, CEO of Alliance Group Capital of Georgia, remarked, “We are delighted to become a member of Globalscope Partners and look forward to offering our clients a wide variety of buy and sell M&A opportunities. Georgia achieved robust economic growth between 2003 and 2012, averaging 6.1% annually, following structural reforms that stimulated capital inflows and investment. The World Bank expects Georgia to grow by 6.3 %  in 2014. Thus, we strongly believe there will be many interesting cross-regional transactions into and from Georgia”.

Pedro van Zeller, partner at Bluemint Capital, Portugal,  stated, “Our firm has been looking for an active group of international M&A advisors to enhance the service we can give to our clients; we are delighted to have found this in Globalscope Partners”.

Michael Moritz, President of Globalscope, said that, “Globalscope is proud of the continuous growth of the network – further steps will follow in the near future”, adding, with regards to the conference in Greece, “We were impressed to see all the opportunities for foreign investors in Greece in an improved economic environment”.

The conference, which was attended by 42 partners from 27 of Globalscope’s 32 member firms, opened, as has become customary, with a Mergers & Acquisitions cocktail party, giving chief executives and decision makers from leading Greek companies and private equity firms the opportunity to meet and discuss their cross-border objectives with Globalscope member firms. Later in the week, speakers from Enterprise Greece Investment & Trade and Eurobank gave delegates a comprehensive update on the Greek economy and possible business opportunities in the country. There were also industry sector meetings enabling specialists from Globalscope member firms to meet and discuss developments in their sectors and possible acquisition opportunities for their clients.

The next Globalscope conference will be held in Jakarta in March 2015.

Corbett Keeling advises on debt funding to finance Intrapharm’s acquisition strategy

Corbett Keeling is pleased to announce that its client, Intrapharm Laboratories, has successfully raised debt funding in order to finance the company’s acquisition strategy.

Intrapharm Laboratories supplies both niche and branded pharmaceuticals to the NHS and international markets. Its team of professionals has many years of experience in the commercialisation of pharmaceutical products, taking them from registration to patient and thereby fostering a mutually beneficial relationship.

“Corbett Keeling’s knowledge and understanding of the UK debt market and our contacts with the key decision makers enabled us to identify quickly and accurately the most appropriate source of debt funding for our client,” commented Jim Keeling, Chairman and Chief Executive of Corbett Keeling.

 

 

“Busy times ahead? The upbeat mood of market participants and the level of activity seen on a daily basis point to a busy year ahead”, believes Jim Keeling

In his regular quarterly commentary on UK private equity investment activity, Jim Keeling finds that, while transaction statistics for the second quarter were slightly lackluster, the overall position remains strong and he expects to see an increase in activity over the rest of the year.

The smaller buyouts sector (enterprise value of less than £150m) held up relatively well in the second quarter and both volume and value were significantly higher than in the same period last year. While the volume of larger deals (enterprise value of £150m or above) rose slightly in the second quarter, the value fell from £2.9bn to £2.1bn. The weakest segment of the market was early-stage and expansion capital deals where the volume, while still a respectable 84, was significantly down on the first quarter’s 103 deals. The value also saw a significant fall from the first quarter’s bumper £1.5bn to £484m though taken together volume and value in the two quarters were still well up on the same period last year.

While debt levels are starting to worry some market participants, the majority of market participants are not concerned and we have seen a number of new debt providers coming into the market.

While prices are rising, they remain in line with expectations.

Join our mailing list to receive UK M&A Watch in full.