Company sale

MBO of Creare Communications backed by Sovereign Capital Partners

September 10, 2011

Sovereign Capital has backed the MBO of Creare Communications The management team at digital marketing agency Creare Communications has successfully completed a management buyout of the business with funds from Sovereign Capital. Creare Communications is one of the UK’s leading providers of Search Engine Optimisation (SEO) services and today helps over 1,000 clients. It works [...]

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Capella University Acquires Resource Development International Ltd

August 9, 2011

Capella Education Company, a provider of online post-secondary education through its wholly owned subsidiary Capella University, Monday announced that it has acquired Resource Development International Ltd (RDI), an independent provider of United Kingdom (UK) university distance learning qualifications, for £9.3 million ($14.9 million). Capella’s acquisition of RDI enhances the Company’s leadership through access to the [...]

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UK M&A Deal values on the up

March 21, 2011

Multiples for good quality private companies involved in UK M&A deals increased in 2010 and are likely to continue to rise this year, driven by interest from both trade and private equity buyers, various research shows.  One survey suggests Private equity firms on average paid 12.2 times multiples for companies in 2010, compared to 11.6 in [...]

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Ethos Recruitment business sale to Staffline Group plc

March 17, 2011

Staffline Group plc, a national outsourcing organisation providing people and operational expertise to industry, today announces the acquisition of Ethos Recruitment Limited (“Ethos”), a Daventry-based recruitment agency. The acquisition is in line with Staffline’s business strategy of making selective bolt-on acquisitions to broaden both revenue stream and customer base. Ethos Recruitment is a leading supplier [...]

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Sale of marketing business Core (Blimey) Ltd

January 28, 2011

Client Business The Core was founded in Hull in the early 1990’s by Alistair Whiteley.  Whilst his co-founder left the business, Alistair continued to grow The Core and in 2006 brought Nick Green in as Managing Director.  Nick had worked with the team on numerous occasions in his prior role managing various brands within Unilever. Subsequent [...]

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Brand Valuation

January 27, 2011

Brand, and therefore brand valuation, is a specific intangible asset that a great many business owners aspire to and which under the right circumstances can lead to greatly enhanced values for businesses as a whole. However it is worth remembering that a brand in itself has no value unless it provides a greater draw to larger [...]

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EBITDA Multiples

July 27, 2010

EBITDA Multiples represent the most common method used by corporate finance advisors, Private Equity and corporate acquirers for valuing businesses. The acronym specifically relates to Earnings Before Interest, Tax, Depreciation and Amortisation.  As a profit figure it is therefore independent of these features – independent of tax, independent of artificial accounting policies that relate to [...]

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Capital Gains Allowance

June 22, 2010

Entrepreneurs Relief – the Capital Gains Allowance at a rate of 10% for qualifying shareholders has been extended to £5m. Capital Gains Allowance – entrepreneurs relief raised to £5m Whilst the head-line Capital Gains Tax was raised to 28% in the emergency budget leaving an individuals capital gains allowance at £10,100, the coalition government have [...]

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UK Capital Gains Tax

March 25, 2010

Whilst there was not a great deal coming out of yesterday’s budget, the one small piece of good news for those involved in M&A was the doubling of the ‘Entrepreneurs Relief’ threshold that applies to uk capital gains tax.  The level has been moved from £1m to £2m, whereby business vendors who have held their [...]

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Value a business – the various methods

March 20, 2010

There are several methods which can be used to value a business, some more theoretical and some more practical. As most finance courses explain, the perfect method to value a business is known as Discounted Cash Flow (DCF). Here the future cash-flows generated from a business or project are calculated and discounted back to today’s [...]

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