Air Charter Service Group

Corbett Keeling advised the founders and other shareholders of Air Charter Service Group Limited (“ACS”) on the sale of a minority stake in ACS to private equity investor Alcuin Capital Partners (“Alcuin”).

ACS is a global leader in the aircraft charter market. Founded in 1990 by Chairman Chris Leach, it now employs a worldwide staff of more than 350 employees across 20 offices spanning six continents.  The group offers private jet, commercial airliner and cargo aircraft charters, arranging more than 10,000 charters annually.

Justin Bowman, Chief Executive Officer of ACS, said: “The fact that this company has grown from the basement of a house to the largest charter brokerage in the world is a huge achievement and testament to our amazing team and corporate culture.  However, we are still an ambitious organisation.  Our growth to date has been entirely organic and whilst we will continue to follow those strategies that have been successful in the past, we wish to accelerate our expansion through capital investments in both technology and acquisitions of complementary businesses.”

Adrian Lurie, Partner of Alcuin Capital Partners said: “Air Charter Service is a leader in its field with a great team and strong track record of profitable growth. Their plans going forward are exciting and we are looking forward to working with them in this next phase of the business’ development. Corbett Keeling’s insight and understanding of ACS were invaluable and we were delighted to work with Jim Keeling and his team to bring the deal to a successful conclusion.”

ACS press release

 

“It was a pleasure dealing with Jim Keeling and his team throughout the process. We wanted to find the right partners and to do the right deal for us – Corbett Keeling delivered just that.”

Christopher Leach, Co-Founder and Chairman of ACS

Service
Sector
Year
2016
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Speciality European Pharma

Corbett Keeling advised the management team of Speciality European Pharma Limited (“SEP” ), on the acquisition of the speciality pharmaceutical and medical devices group from  its venture capital shareholders with the backing of Juno Pharmaceuticals Inc. (“Juno”), an international specialty pharmaceutical company and leading life science investor.

Headquartered in the UK, SEP is a speciality pharmaceutical and medical devices group that focuses on meeting the needs of the specialist physician. The Company was founded in 2006 and has grown rapidly over the past five years, with a commercial presence in much of Europe and a desire to grow beyond. The transaction provides the Company with the opportunity not only to continue its growth strategy with the existing products but also to invest for the long-term in the untapped potential in its proprietary development portfolio.

Commenting on the Management Buy-Out, Jim Keeling, Chairman of Corbett Keeling, said:

“Following the buy-out of SEP, the management team is extremely well placed to grow the business and realise the potential of its product portfolio. Together with backers, Juno, we wish them a successful future partnership.”

SEP Press release

 

 

“Corbett Keeling created a way forward, where others could not, at a critical moment for the management team. Their access to the appropriate funders in the UK and overseas, and their ability to move quickly, were both crucial to making this transaction possible.”

Patrick Banks, CEO of Speciality European Pharma

Service
Sector
Year
2016
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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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Advanced Power

The management team of Advanced Power UK Ltd, the leading international developer of independent power generation projects, acquired the company from 3i plc in an MBO. Advanced Power develops and invests in power generation and related infrastructure projects in Europe and North America.

Corbett Keeling provided targeted financial advice to the management team at key points during the MBO process and prior to that as the business was restructured.

“The team at Corbett Keeling provided incisive and timely advice over a period of several years in the build up to the MBO of Advanced Power. It was extremely helpful to be able to contact them as and when we needed. Their advice was not only helpful on the MBO itself but also in respect of wider business issues. We hope we will have the opportunity to work together again in the future – and are looking forward to that.”

Martin Bashall, General Counsel, Advanced Power AG

Service
Sector
Year
2014
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Intrapharm Laboratories

Corbett Keeling advised Intrapharm Laboratories on raising 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.”

Jim Keeling, Chairman and Chief Executive of Corbett Keeling

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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Xerxes Equity

Xerxes Equity Ltd is an investment company, which was formed by John Cowley in 2011, with the intention of building a market leading group of building products manufacturers. Xerxes acquired four businesses from Eleco plc, an AIM listed company, including SpeedDeck Building Systems, Downer Cladding Systems, Stramit Panel Products and Prompt Profiles.

Corbett Keeling has worked for many years with John Cowley, who has been conducting turnaround projects for the last 18 years, and introduced this opportunity to Xerxes Equity.

ANA Aviation Services

Andy Leslie and Andy King, founders and owners of ANA Aviation Services, an international air freight business based in Crawley, were approaching retirement. Following careful consideration of their exit strategy, they decided to invite senior board members to undertake a management buyout of their business. Corbett Keeling advised the two controlling shareholders throughout the process of the sale, evaluating a number of exit options and once the decision had been made to sell to the management team, Corbett Keeling managed the process, advised on the terms, introduced funders and devised the optimal structure for the transaction.

“The transaction was far more complex than I had initially realised. Dealing with banks and lawyers in various foreign jurisdictions as well as the UK and also ensuring that we were completely compliant with all the relevant tax authorities was no mean feat and Corbett Keeling managed the whole process with complete professionalism and utmost care - we could not have done it without them.”

Andy Leslie, Former Controlling Shareholder, ANA Aviation Services

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.

Frazer-Nash

Frazer-Nash (Midhurst) Ltd, a company that designs and manufacturers food handling, processing and packaging machinery, was acquired by a management team led by Paul Mortlock.

Corbett Keeling advised Paul Mortlock and the investor on implementing the transaction.

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.

Constantine Group

Constantine Group, which invests in the logistics, manufacturing, property and renewable energy sector, backed the management buyout of The Green Company (Europe) Ltd, a renewable energy company specialising in the installation of onshore wind and solar farms.

Corbett Keeling advised Constantine Group plc on the terms of the transaction.

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.

Integrity Print

The management team of Communisis Bath Business Forms and Economailer, leading UK manufacturers and distributors of business forms and stationery, acquired these companies from UK listed company Communisis plc in an MBO. The businesses were renamed Integrity Print.

Corbett Keeling advised the management team, led by Mark Cornford, on all aspects of this MBO, including arranging funding, agreeing terms and managing the whole process on behalf of the management team.

 

“Corbett Keeling advised me on our recent MBO. It was the most important deal of my life and so it was essential I had the best advice available. Jim Keeling was engaged with the deal as if it was his own. His personal involvement, attention to detail, experience and sixth sense of knowing what to do and when, were a huge benefit and comfort to me. Experts in their field, Corbett Keeling are a corporate finance firm with the calibre and expertise to help you achieve your goals, but also the empathy and customer care to make you feel special.”

Mark Cornford, CEO, Integrity Print

Service
Sector
Year
2008
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HCML

HCML, the UK’s leading independent provider of professional rehabilitation, case management and employment services to the insurance industry, solicitors and corporate clients, undertook a secondary management buy-out from 3i.

Corbett Keeling advised Helen Merfield, CEO and founder of HCML on all aspects of the buy-out, including arranging funding, agreeing terms and managing the whole process on behalf of the management team.

 

“Corbett Keeling were a breath of fresh air - they came highly recommended and I can see why. We were a young management team with no experience in selling a business or trying to achieve an MBO and it was initially quite daunting. Their approach was personal and it really felt like they were not only on our side but totally supporting us, ensuring we understood each step and what we could achieve. It was largely due to them that we achieved the MBO we wanted. I wouldn’t hesitate to recommend them to anyone and have already done so.”

Helen Merfield, CEO, HCML

Service
Sector
Year
2008
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Tysers

Tysers, a provider of insurance and reinsurance brokerage services, was sold to its management team in a funding and share re-structuring led by Christopher Spratt as Chairman and Chris Elliott as Chief Executive.

Corbett Keeling advised on all aspects of this management buyout and shareholding restructuring, including advising the outgoing shareholders on the sale of their shares, the new shareholders on the acquisition of their shares, the company on the raising of finance and the terms of the transaction and managing the process throughout.

 

 

“Beyond the professionalism and expertise, which is easily taken for granted, Corbett Keeling brings a remarkable talent for managing Buyer's and Seller's expectations throughout the process of putting a deal together. This is an essential ingredient for a successful MBO.”

Christopher Spratt, Chairman, Tysers

Service
Sector
Year
2007
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Expamet

Exmet Building Products Group Ltd, a new company formed by John Cowley, Nigel Dickinson and Roger Hall, acquired Expamet Building Products Ltd, a manufacturer of specialist metal building products from Royal Bank of Scotland. The management buy-in was backed by GE Capital.

Corbett Keeling advised the management buy-in team on all aspects of their acquisition, including raising finance and negotiating the terms of the transaction.

Service
Sector
Year
2007
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Harris Hill

Harris Hill, a recruitment consultant specialising in the charity and not for profit sector, was sold to a management buy-in team backed by YFM Private Equity.

Corbett Keeling advised the shareholders of Harris Hill on all aspects of the sale of their business, including identifying possible buyers, negotiating terms and managing the process throughout.

 

“Over the course of the sale of our business we worked with several members of the team at Corbett Keeling. They were all excellent – showing strength in depth and breadth. The care and attention they put into advising us, and their skill in finding a buyer and dealing sensitively with all the parties involved in the transaction, were outstanding.”

Steve and Julie Hill, following the sale of Harris Hill to a Management Buy-in team

Service
Sector
Year
2007
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WaterRower

WaterRower (UK) Ltd, a manufacturer of sporting equipment, was sold to its senior manager.

Corbett Keeling advised WaterRower and its shareholders on the sale of their business to the management team.

Satec

Satec, water and waste water treatment specialists, raised development capital.

Corbett Keeling advised Satec on the strategy for raising finance.

Towry Law Insurance

Towry Law Insurance was sold by Towry Law plc to its management team, led by Martin Wright. The MBO was funded by Broker Network plc, a trade investor.

Corbett Keeling advised the management team on finding and structuring the financing and on the design and terms of this highly unusual “trade-backed management buy-out” transaction.

 

 

“The team at Corbett Keeling was imaginative and resourceful in finding the best possible investor to finance the management buy-out of Towry Law Insurance Brokers. They also played a crucial role in negotiating with the vendors and providing general guidance on the legal and financial intricacies of the deal. They were always available and responsive. It was a pleasure to work with them.”

Martin Wright, Corbett Keeling's Client and Leader of the Management Buy-out team

Service
Sector
Year
2006
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BigHead Bonding Fasteners

BigHead Bonding Fasteners, a manufacturer of stainless steel fasteners for a variety of industries, was sold to its management team, led by Brian Giddings, and backed by EPIC Investment Partners.

Corbett Keeling advised the management team on raising finance and the terms of the transaction and managed the whole process on behalf of the team.

 

“Corbett Keeling were my financial advisers on the successful management buy-out of BigHead Bonding Fasteners Limited. Their advice throughout the transaction was excellent; they have very good access to both equity and debt funds, and played a crucial role in negotiating detailed funding terms. CK also provided invaluable help in reaching agreement with the vendor on price, and their sector expertise was a key factor in consummating the deal.”

Brian Giddings, Managing Director, Bighead Bonding Fasteners Ltd

Service
Sector
Year
2006
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Find.co.uk

Find.co.uk, one of the UK’s leading consumer finance portals, was sold to a management team backed by Electra Quoted Management and FF&P Private Equity.

Corbett Keeling advised the management team on the entire process, including raising finance, structuring the transaction and negotiating terms.

Service
Sector
Year
2005
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BUPA Healthcare Professionals

Advantage Healthcare, a leading healthcare services provider trading under the name BUPA Healthcare Professionals, was sold to a management team backed by Rutland Partners.

Corbett Keeling advised the management team on raising finance, structuring the transaction and negotiating terms.

Ashley House

Ashley House, specialists in funding the design and development of flexible and effective health and care properties, raised and refinanced equity and debt.

Corbett Keeling advised Ashley House on this financial restructuring and fund raising.

Glencairn

Glencairn Ltd, an insurance broker, was acquired by its management from Glensure Ltd, a subsidiary of  Glenrand, a South African  provider of risk advisory and financial services.

Corbett Keeling advised the management team of Glencairn on the buyout of their business.

 

“I have worked with Corbett Keeling on a number of projects and the team is always efficient and responsive. Importantly, they have very good access to sources of funds, whether for equity or debt.”

Mark Pattle, Chief Executive of Glencairn

Service
Sector
Year
2004
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Aspace Solutions

Aspace Solutions, a provider of business security solutions and specialist consultancy services to the banking sector, raised equity funding and sold a minority stake to a trade backer.

Corbett Keeling advised Aspace Solutions on this shareholder restructuring and equity financing.

Oakburn Properties

Oakburn Properties, the property investment company, was taken private in a contested takeover.

Corbett Keeling advised the bidder, Hodgson & Faraday Property Management Services Ltd, on its successful takeover bid which was subject to The Takeover Code rules.

 

“We have been deeply impressed by the integrity, tenacity and intellectual quality of your actions … your commitment and time input have been impeccable … working with you has been a first class experience and your support has been much appreciated … I hope we can continue a business relationship in the future.”

Douglas Blausten, Managing Director of Oakburn Properties plc

Service
Sector
Year
2004
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Terrace Hill

Terrace Hill, a provider of property investment and commercial property development services, made an offer for the shares of Grosvenor Land Holdings PLC, a provider of real estate services, which the Terrace Hill concert party did not already own.

Corbett Keeling advised Terrace Hill on the recommended bid for the quoted company which was subject to the Takeover Code rules.

Binns & Co

Binns & Co, a financial PR consultant, raised equity funding and acquired Winningtons, a Bristol financial PR business.

Corbett Keeling advised Binns & Co on its fund raising and acquisition.

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.

Radiant Networks

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

Corbett Keeling advised Radiant Networks.

WT Foods

WT Food Plc, a producer and wholesaler of ethnic foods, was acquired by its management team in a buy-out backed by Bridgepoint Capital.

Corbett Keeling advised a co-investor to Bridgepoint Capital.

WT Foods was acquired by GraceKennedy,the large Caribbean conglomerate, in 2007 and now trades as Grace Foods UK.

Euroceltic Airways

Euroceltic Airways Ltd, an operator of a regional airline in Ireland, raised development capital.

Corbett Keeling advised Euroceltic Airways on this funding.

Service
Sector
Year
2001
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Five Rivers

Five Rivers, a provider of children’s fostering and care home services, raised debt funding and acquired a competitor.

Corbett Keeling advised Five Rivers.

TEG Environmental

TEG Environmental, a designer and supplier of silo-cage systems for composting organic waste, raised equity funding.

Corbett Keeling advised TEG environmental on raising finance.

Medpointe

Medpointe, the pharmaceuticals company, was bought by its management in a buy-out led by Carlyle Partners.

Corbett Keeling advised a co-investor to Carlyle Partners.

 

Bentleys

Bentleys, a confectionary distributor, was acquired by a management buy-in team led by Derek Durrant.

Corbett Keeling advised the management team on the acquisition and on the raising of equity and debt funding

Service
Sector
Year
2000
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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
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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.

Daisy & Tom

Daisy & Tom, the specialist children’s retailer, raised funding as a convertible loan.

Corbett Keeling advised Daisy & Tom on raising funds and restructuring existing capital.

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
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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.

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.

Actif Group

Actif Group, distributor of branded dancewear and UK licensee for Elle, raised equity and debt finance and issued one A share to Ted Baker plc.

Corbett Keeling advised Actif Group on this fund raising.

Service
Sector
Year
1996
Website
NA
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Actif Group

Actif Group, distributor of branded dancewear and UK licensee for Elle, raised equity and debt finance and issued one A share to Ted Baker plc.

Corbett Keeling advised Actif Group on this fund raising.

Actif Group

Actif Group, distributor of branded dancewear and UK licensee for Elle, raised equity and debt finance and issued one A share to Ted Baker plc.

Corbett Keeling advised Actif Group on this fund raising.

Service
Sector
Year
1994
Website
NA
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