Futuresource

Corbett Keeling has advised Futuresource and its founders on joining a private equity backed family of high growth businesses.

About Futuresource

Futuresource is a specialist research and knowledge-based consulting company specialising in market forecasts and intelligence reports.

Futuresource provides essential data and strategic insight to a range of clients with an interest in the dynamic electronics and media industries including the largest well-known global brands.

The founders of Futuresource had built a successful business over 20+ years and were looking to reduce their financial commitment and find a good home for the business as they stepped back.

Our role and added value

Corbett Keeling was engaged to find and execute the best solution for Futuresource and the founders.

We worked closely with Futuresource’s senior management over a number of months to identify and assess their strategic options, develop targeted business plans and structure the deal to capture value.

Our approach achieved an optimal valuation for the exiting founders and a great home for the business.

Sarah Carrol, Co-founder of Futuresource, said: “As with most entrepreneurs, we have poured our hearts into our business and, although realising we would at some point need to step back, were cautious about beginning the process. The team at Corbett Keeling really were excellent at guiding us through the options and, when the time came, ensuring we secured the best deal with the best partner.”

Ian Roper, CEO of Futuresource, said: “None of the Futuresource team had fully realised how much effort goes into preparing for and executing a transaction. I am extremely pleased we had the Corbett Keeling team working with us side-by-side throughout, their input was essential and added value both for the exiting founders and for the ongoing business.”

Eric, Private Equity Principal , said: “We love this business and the management team’s plan for it. My thanks go to Corbett Keeling for connecting us to this opportunity and helping build a deal that works for all sides – they clearly know what we are looking for and drew out the key points.”

 

Applied Market Information

Corbett Keeling announces that private equity investor Alcuin Capital Partners (Alcuin) has acquired a majority stake in Applied Market Information Ltd (AMI), a leading information and conference business, from its original founders and shareholders whom Corbett Keeling advised.

With offices in the United Kingdom and North America, AMI is a leading provider of information services to the global plastics industry through syndicated reports, databases, digital magazines, consulting and conferences. The company has grown steadily since it was founded in 1986.  This year the company will hold over 40 conferences for the plastics industry in Europe, the USA and the Far East – more than any other competitor world-wide.

The team at Corbett Keeling, led by Jim Keeling, Francois Barou and Matt Dixon, advised the founders of AMI on the investment by Alcuin, which completed on 22 May 2015. The founders will continue to be actively involved in the business and have retained a significant minority stake.

Sale of Applied Market Information press release – June 2015

“Not only was Corbett Keeling’s advice always timely, to the point and in our best interest but, crucially, they had outstanding knowledge and understanding of the potential buyers, whether trade or financial and UK or overseas.”

John Horgan, Co-founder and Director of AMI

Service
Sector
Year
2015
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HedgeStart Partners

Corbett Keeling, together with our partner firm Equiteq, advised HedgeStart Partners on the sale of their business to Cordium, a company in which Buy & Build specialist Sovereign Capital is an investor.

Hedgestart was founded in 2000 to offer a range of start-up and on-going outsourced services predominantly to alternative investment businesses. Services include: Corporate Tax; Private Client Tax; FCA Regulatory Compliance; Accountancy & Payroll; and Strategic Consulting. Cordium is a global provider of regulatory compliance consulting and software services to regulated financial services companies.

“There is continuing strong demand for outsourced independent compliance consultancy as a result of increasing financial regulation and investor governance transparency requirements. This acquisition further enhances Cordium's position as a high-quality global provider of regulatory compliance consulting to regulated financial services companies.”

Neil Cox, Director of Sovereign Capital

Service
Sector
Year
2014
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Alpha Financial Markets Consulting

Corbett Keeling and its partner firm Equiteq LLP advised Alpha Financial Markets Consulting, a leading provider of consulting, benchmarking and implementation services to financial institutions in the UK, Continental Europe and globally, on the sale of their business to UK Private Equity group, Baird Capital, in a transaction valuing the company at £28m.

This deal is a good example of the resurgence of Private Equity (“PE”) interest in consulting firms with a strong growth history. Alpha attracted 8 offers from the PE community and the shareholders chose Baird because of the flexibility of the deal structure, the financial resources they could make available and the support that Baird offered the management team in taking the company to the next stage of growth.

“We were very pleased with the support we received from Corbett Keeling and Equiteq. They were very knowledgeable about our industry, helped us build a compelling value case for an investment by Baird, and managed our process very effectively and diligently to achieve an excellent result for all.”

Nick Kent, former CEO and now vice-Chairman of Alpha

Service
Sector
Year
2013
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GMT Communications Partners

GMT Communications Partners backed the £38.5m investor buy-out of MeetingZone Ltd, a provider of conference call services to business and home users, from the founders, Tim Duffy and Steve Gandy.

Corbett Keeling introduced GMT Communications Partners to this investment opportunity.

 

 

“Corbett Keeling were extremely helpful with the acquisition of MeetingZone, including making a very early introduction to the company as a prospective investment for our funds at GMT.”

Tim Green, Partner and co-founder, GMT Communications

Service
Sector
Year
2011
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Redeem

Redeem, which recycles used mobile phones, print cartridges and other electronic devices, was acquired by a management buy-in team led by Curt Hopkins and Pete Petrondas and backed by Trevor Bayley, a founding partner of HgCapital.

Corbett Keeling helped identify the opportunity for the buy-in team.

Ultra Motor

Ultra Motor, a developer of electric bikes and scooters as well as electric motor technology for commercial use, raised development capital.

Corbett Keeling advised the company on raising funds.

Micro Materials

Micro Materials Ltd, a manufacturer of scientific analysis instruments was acquired from Millbrook Scientific Instruments Plc by a management team, backed by David Harding.

Corbett Keeling advised David Harding on the acquisition.

Cordium

Cordium (previously known as IMS Consulting), a provider of consulting and business support services for the wholesale asset management and securities sector, was sold to an investor led management team comprising both existing and new directors.  The Buy-in Management Buy-out, or “BIMBO”, was backed by Sovereign Capital.

Corbett Keeling advised Scott Wilson, the founder of IMS, and his co-shareholder, on the strategy for the sale of their business and on the execution of the transaction.

Chantrey Vellacott vs Convergence

Corbett Keeling acted as expert witness in the case of Chantrey Vellacott vs Convergence.

The dispute concerned the way in which one would go about attracting investment into a substantial telecoms project. Corbett Keeling’s experience of fund-raising, including in the telecoms sector, meant we were ideally placed to provide the support required.

“Simon Keeling acted as our expert witness in a very complex professional negligence action. We asked him to consider a number of fund-raising matters, including the way in which one would go about attracting investment into a substantial overseas telecoms project. Simon’s input – in particular, his ability to translate arcane issues into comprehensible reports to be placed before a Court – was most impressive and was greatly appreciated by both the client and the legal team.”

Tim Bullimore, Squire & Co, Solicitors

Service
Sector
Year
2006
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Linguaphone

Linguaphone, a provider of self-study language learning products and associated support services, raised development funding from a consortium of institutional investors, including Inflexion Ltd.

Corbett Keeling advised Linguaphone on this fund raising.

 

 

“Corbett Keeling advised Linguaphone on raising development capital over three successive funding rounds. It was the lead financial adviser on these transactions, providing necessary continuity throughout and ensuring a good balance of shareholders.”

Gordon Power of Inflexion Ltd, one of Linguaphone's principal institutional backers

Service
Sector
Year
2002
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Radiant Networks

Radiant Networks, the pioneer of broadband wireless mesh technology, raised development capital from a group of institutional investors, including Advent Venture Partners and existing shareholders, Intel Capital and Sandler Capital

Corbett Keeling advised Radiant Networks on this fund raising.

ShipServ

ShipServ Ltd, a provider of ship supply management solutions, raised equity from a group of new and existing investors.

Corbett Keeling advised Shipserv on this fundraising

iDCorp

iDCorp, a company involved in the research and development of individual track and tracing equipment, raised equity funding.

Corbett Keeling advised iDCorp on this fund raising.

GB International

GB International Ltd, a distributor of optical and photographic equipment, was sold to Multivision GmbH, a German distributor of presentation products.

Corbett Keeling advised the owners of GB International, including Yorkshire Fund Managers, whom we had originally introduced to the business four years previously, on their exit strategy, identifying and introducing possible purchasers and leading the negotiations with the trade buyer.

“Corbett Keeling advised the owners of GB International on a phased exit. First, they introduced us to the company and then they helped funds we manage and the original owners' exit, handling a delicate ‘single buyer auction’ to an overseas purchaser with great skill. We are grateful both for the introduction to the investment and for the continuity they provided.”

Phil Cammerman, Executive Chairman, YFM Equity Partners

Service
Sector
Year
2001
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Radiant Networks

Radiant Networks, the pioneer of broadband wireless mesh technology, raised development capital as a convertible loan.

Corbett Keeling advised Radiant Networks.

Chivers Communications

Chivers Communications plc, publishers of large print and unabridged audio books and children’s books, quoted on the OFEX market, was subject to a recommended cash offer from BBC Worldwide Ltd, the commercial arm of the BBC.

Corbett Keeling advised Chivers on the recommended offer from the BBC. The offer was subject to the Takeover Code.

 

“Corbett Keeling advised us on a series of transactions, including a de-merger and two investments, leading to the successful disposal of Chivers. The service provided was always to the highest standard, with integrity, commitment and continuity.”

Simon Gibbs, Former Managing Director of Chivers Communications

Service
Sector
Year
2001
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Linguaphone

Linguaphone, a provider of self-study language learning products and associated support services, raised equity funding from two private equity investors.

Corbett Keeling advised Linguaphone on raising this equity finance and restructuring existing capital.

“Corbett Keeling advised Linguaphone on raising development capital over three successive funding rounds. It was the lead financial adviser on these transactions, providing necessary continuity throughout and ensuring a good balance of shareholders.”

Gordon Power of Inflexion Ltd, one of Linguaphone's principal institutional backers

Service
Sector
Year
2000
Website
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Radiant Networks

Radiant Networks, the pioneer of broadband wireless mesh technology, secured second-stage financing from a range of institutional and private investors, including Advent Venture Partners, Intel Capital, executives of Kohlberg Kravis Roberts and Sandler Capital Management.

Corbett Keeling advised Radiant Networks on this equity fund raising.

Chivers Communications

Chivers Communications plc, publishers of large print and unabridged audio books and children’s books, acquired a 30% interest in Oneword Radio Ltd, operator of the only national commercial digital radio station dedicated to the spoken word.

Corbett Keeling advised Chivers on its investment in Oneword Raido.

Gieves Group

Gieves Group, the quoted bespoke gentleman’s tailor, demerged its publishing business, Chivers Press Ltd, a publisher of large print and unabridged audio books and children’ s books. The shares of Chivers were admitted to trading on OFEX by way of a placing. Following the demerger, Gieves Group changed its name to Gieves & Hawkes plc.

Corbett Keeling advised Gieves Group on the demerger of Chivers Press, a transaction governed by the Takeover Code and the Rules of the London Stock Exchange.

Linguaphone

Linguaphone, a provider of self-study language learning products and associated support services, raised equity funding and restructured debt by way of a rights issue, an issue of convertible preference shares and an issue of warrants to subscribe for ordinary shares.

Corbett Keeling advised Linguaphone on the funding and issue of shares and share warrants.

“Corbett Keeling advised Linguaphone on raising development capital over three successive funding rounds. It was the lead financial adviser on these transactions, providing necessary continuity throughout and ensuring a good balance of shareholders.”

Gordon Power of Inflexion Ltd, one of Linguaphone's principal institutional backers

Service
Sector
Year
1999
Website
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Chivers Communications

Chivers Communications plc, publisher of large print and unabridged audio books and children’s books, was listed on OFEX. The flotation followed the demerger from Gieves Group Plc.

Corbett Keeling advised Chivers Communications on its flotation.

Radiant Networks

Radiant Networks, the pioneer of broadband wireless mesh technology, raised development capital.

Corbett Keeling advised Radiant Networks on raising this funding.

CASEwise Systems

CASEwise Systems Ltd, a developer of software to help improve business processes, raised debt finance.

Corbett Keeling advised CASEwise on obtaining debt finance and negotiating terms.

Radiant Networks

Radiant Networks, the pioneer of broadband wireless mesh technology, raised start-up funding.

Corbett Keeling advised Radiant Networks.

GB International

GB International Ltd, a distributor of optical and photographic equipment, raised equity and debt with release of personal guarantees from Yorkshire Fund Managers and a group of private investors.

Corbett Keeling advised GB Internationial on this fund raising.

“Corbett Keeling advised the owners of GB International on a phased exit. First, they introduced us to the company and then they helped funds we manage and the original owners' exit, handling a delicate ‘single buyer auction’ to an overseas purchaser with great skill. We are grateful both for the introduction to the investment and for the continuity they provided.”

Phil Cammerman, Executive Chairman, YFM Equity Partners

Service
Sector
Year
1997
Website
Close

CASEwise Systems

CASEwise Systems Ltd, a developer of software to help improve business processes, raised equity capital from a syndicate of institutional and private investors.

Corbett Keeling advised CASEwise on raising this finance.