News

PROMOTION OF LINZI WILSON TO CORPORATE FINANCE DIRECTOR image

Promotion of Linzi Wilson to Corporate Finance Director

The partners are delighted to announce the promotion of Linzi Wilson to Director. Linzi has made, and continues to make, a tremendous contribution to the firm and the Corporate Finance Team, which continues to be involved in a wide variety of transactions from both within the client base and to new clients. In addition Linzi is leading the development and growth of our grants advisory business.

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FINANCIAL DUE DILIGENCE ON BEHALF OF SANTANDER AND ALTIA SOLUTIONS LIMITED image

Financial due diligence on behalf of Santander and Altia Solutions Limited, on Santander's Investment in Altia, to facilitate the acquisition of ABM United Kingdom Limited and provide funding for future growth.

Glasgow-based investigative software developer Altia Solutions acquired law enforcement and intelligence sector software developer ABM United Kingdom.

ABM supplies covert investigation management software to the majority of UK police forces as well as forces and investigation authorities in Canada and Australia making this an excellent fit for Altia.

Backed by Santander, Altia, sees the acquisition as an excellent fit with the Altia business providing an excellent strategic platform for expansion and evolution of the products and services.

Consilium Corporate Finance provided financial due diligence services led by David Holt and Linzi Wilson.

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CORPORATE FINANCE AND TAXATION ADVISORY SERVICES ON BEHALF OF THE SHAREHOLDERS OF PINTO RESTAURANTS (HOLDINGS) LIMITED image

Corporate Finance and Taxation Advisory services on behalf of the shareholders of Pinto Restaurants (Holdings) Limited on the sale to Barburrito Limited.

Pinto operates the “Pinto Mexican Kitchen” chain of Mexican street food outlets across the Central Belt of Scotland, with units in both Glasgow and Edinburgh.

Backed by growth capital provider Business Growth Fund, the Purchaser, Barburrito Limited, currently operates from 12 outlets with the acquisition of Pinto providing a key strategic platform for growth in Scotland and the continued roll-out of restaurants across the UK over the next 18 months.

Consilium provided corporate finance, accounting and taxation advisory services to the shareholders of Pinto as part of the successful execution of the transaction. Consilium’s services were provided by John Blair, Raymond Clarke, Eileen Gill, Derek Shaw and Paul Donnelly.

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FINANCIAL DUE DILIGENCE ON BEHALF OF MAVEN CAPITAL PARTNERS image

Financial due diligence on behalf of Maven Capital Partners, on their investment through the Scottish Loan Fund in the Interactive Design Institute Limited, one of the UK's leading providers of accredited online courses at Degree and Masters levels

The Scottish Loan Fund (“SLF”), through Maven, has invested £2,000,000 of loan funds in IDI. The funds will allow the Company to invest further in its delivery platform and systems as well as increasing its digital marketing spend to attract more overseas students.

The Musselburgh based Company delivers online courses to students throughout the UK and in more than 70 countries worldwide. IDI, through its online cloud based learning system, became the first fully online provider in the UK to gain approved status from the Quality Assurance Agency.

Consilium Corporate Finance provided financial due diligence and VAT advisory services led by David Holt and Linzi Wilson.

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ANTON COLELLA VISITS CONSILIUM standard

We were delighted to welcome Anton Colella, Chief Executive of ICAS, to Consilium’s offices on 8 January. Since the business was established in October 2013, it has grown to 30 individuals (partners and staff), including 5 ICAS students, making Consilium one of the largest accountancy practices to be established in Scotland in recent years.

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ADVISORY SERVICES IN THE £2.15 MILLION MANAGEMENT BUYOUT OF SCOTIA DOUBLE GLAZING LIMITED image

Corporate Finance Advisory Services to the Managemant Team in the £2.15 Million Management Buyout of Scotia Double Glazing Limited.

The Management Team completed the £2.15m Management Buyout of Scotia Double Glazing Limited supported by an equity and debt package from UK Steel Enterprise and debt facilities from RBS and RBS Invoice Finance. Founded in 1983, Scotia supplies uPVC double-glazed window and door frames to major house builders, private and commercial customers. Clients include Wimpey Homes, Stewart Milne Group, Bett Homes, Miller Homes and Barratt Homes and the Management Team plan to increase production from 1,000 windows a week to over 1,250 in the next two years, creating up to 22 new jobs and increasing revenue to over £12 million. Consilium provided Corporate Finance Lead Advisory and Deal Execution Services to the Management Team, working with them to source and structure the funding package and negotiate and conclude the transaction with the previous owners. These services were provided by John Blair and Linzi Wilson.

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CONSILIUM JOINS KRESTON INTERNATIONAL NETWORK image

Just over a year after establishing Consilium we are delighted to announce that we have become a member of Kreston International. Kreston is a worldwide network of independent accountancy practices that focuses on providing accounting, tax and advisory services to the SME sector. We have met a number of the firms within the network and they share many of the same features and values as Consilium.

Of primary importance to us was to join a network that enabled us to retain our independence. Becoming a member of Kreston International enables us to achieve this objective. For our many local clients this change will have no direct impact. We will continue to provide quality advice to our clients, but we are now better placed to provide a cohesive service to those with an international presence or aspirations.

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CORPORATE FINANCE SERVICES ON BEHALF OF THE PARTNERS OF CAMPBELL FITZPATRICK ON THEIR MERGER WITH BLM image

Corporate finance advisory services and financial due diligence on behalf of the partners of Campbell Fitzpatrick on their merger with BLM.

Campbell Fitzpatrick is a leading Northern Irish legal practice focusing primarily on risk and insurance law. The merger of Campbell Fitzpatrick with BLM became effective on 1 December 2014 and follows the merger with Scottish law firm, HBM Sayers, earlier in 2014..

The combination is a significant development in BLM’s strategy as it seeks to reaffirm its position as the leading risk and insurance business across all parts of the UK and Ireland. BLM’s turnover is now in excess of £100 million and the business is approaching 1,800 partners and staff.

Consilium provided corporate finance advisory services to the Campbell Fitzpatrick partners as part of negotiating the principal terms of the merger. In addition, Consilium provided financial due diligence services as part of the merger process. The provision of these services were led by David Holt and Linzi Wilson.

As Consilium was engaged previously to act for the partners of HBM Sayers in relation to their merger, this is the second legal practice that we have successfully supported in merger negotiations with BLM.

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ADVISORY SERVICES ON THE SALE OF QUADSCOT PRECISION ENGINEERS image

Corporate Finance and Taxation Advisory Services on behalf of the Shareholders of Quadscot Precision Engineers on the Sale to Pressure Technologies PLC.

Quadscot is a provider of precision engineering and machining services primarily to the oil, and gas and petrochemical industries.

The Purchaser, Pressure Technologies PLC, is a leading designer and manufacturer of speciality engineering solutions. The acquisition of Quadscot represents a strong strategic fit.

The maximum total consideration is £10.3 million.

Consilium provided corporate finance, accounting and taxation advisory services to the shareholders of Quadscot as part of the successful execution of the transaction. Consilium’s services were provided by John Blair, Tom Arbuckle, Raymond Clarke, Eileen Gill and Linzi Wilson.

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ADVISORY SERVICES ON THE SALE OF SHERING WEIGHING image

Corporate Finance and Taxation Advisory Services on behalf of the Shareholders of Shering Weighing Limited on the sale of the entire Share Capital to Precia-Molen.

Shering Weighing have evolved from a small scale manufacturer of mechanical scales to becoming one of the largest, privately owned weighing equipment manufacturers in the UK.

Precia-Molen designs, manufactures, markets and maintains industrial weighing solutions and systems, both static and dynamic, including continuous weighing and dosing systems, to a wide range of industries. Precia-Molen is listed on the Paris stock exchange.

Consilium provided corporate finance and taxation advisory services to the shareholders of Shering Weighing as part of the successful execution of the transaction. Consilium’s services were provided by Raymond Clarke, David Holt and Linzi Wilson.

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FINANCIAL DUE DILIGENCE ON BEHALF OF MAVEN CAPITAL PARTNERS (SCOTTISH LOAN FUND) image

Financial Due Diligence on behalf of Maven Capital Partners, on their Investment through The Scottish Loan Fund in Biofilm Limited, a company which develops and manufactures thin dissolvable films.

The Scottish Loan Fund (“SLF”), through Maven, has invested £750,000 of loan funds in BioFilm. The Company has previously raised significant investment from two private equity firms, Tate & Lyle Ventures LLP and Catapult Ltd, as well as investment from Scottish Enterprise through the Scottish Investment Bank. BioFilm was the subject of an MBO from Devro plc in 2007.

The Company focuses on the development and manufacture of thin dissolvable films that release active ingredients. Products can be classified as nutritional supplements, cosmetic, dental and medicinal. The funding from the SLF will allow the Company to increase its product range and develop an increased sales and marketing presence to accelerate the growth of the business.

Consilium Corporate Finance provided financial due diligence services led by David Holt and Linzi Wilson.

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FINANCIAL DUE DILIGENCE ON BEHALF OF NORTH WEST LOGISTICS AND BIS image

Due Diligence on behalf of North West Logistics Limited (NWL) and BIS in relation to NWL’s Regional Growth Fund (RGF) application.

North West Logistics Limited is to undertake a £4.3m expansion project, having received a £1m RGF award from BIS.

NWL provide niche storage and transport services to a range of blue-chip companies across Europe. The project will see the company build a bespoke 80,000sq. ft. facility to expand its specialist hazardous product division.

Consilium Corporate Finance provided due diligence services, including specialist grants advisory and State Aid compliance services, relevant to the RGF Grant Application and the Conditional Grant Offer Letter provided by BIS. This was led by David Holt and Linzi Wilson.

BIS is responsible for running the £3.2billion RGF which supports eligible projects that are also raising private sector investment to create economic growth and sustainable employment. NWL is one of over 400 projects supported across England.

FINANCIAL DUE DILIGENCE ON BEHALF OF PANORAMIC GROWTH EQUITY image

Financial Due Diligence on behalf of Panoramic Growth Equity, on their investment in Edesix Limited, a technology company that designs and manufactures hi-tech video recording equipment for security use, law enforcement and the protection of lone workers.

Panoramic has invested £750,000 of growth capital in technology company Edesix, which was founded by a group of serial British technology entrepreneurs.

Its customers include Police Scotland, Cambridgeshire Police and G4S, with additional regional police forces across the UK currently trialling Edesix's body worn video equipment. The company also retails its products and services to public sector and private companies that operate in parking enforcement and to location based lone workers from the retail, transport, cleaning and debt collection industries.

Consilium Corporate Finance provided financial due diligence services led by David Holt and Linzi Wilson.

 

CORPORATE FINANCE AND TAXATION ADVISORY SERVICES ON BEHALF OF THE PARTNERS OF HBM SAYERS image

Corporate Finance and Taxation advisory services on behalf of the partners of HBM Sayers on their merger with Berrymans Lace Mawer.

The merger of the two firms, effective 1 May 2014, will result in a national legal firm with turnover in excess of £100million. Both firms' primary focus is on the provision of legal services to the insurance sector. With the addition of HBM's offices the merged firm will now have 12 offices across the UK and Ireland. The combined business has 170 partners and 1,550 employees.

Consilium provided corporate finance lead advisory and deal execution services to the partners of HBM, as well as financial due diligence services. These services were provided by John Blair, David Holt and Linzi Wilson. Tax advisory services, encompassing personal tax and VAT, were led by Raymond Clarke, supported by Joyce Fleming and Stephen Quinn.

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