PriestleySoundy is delighted to have advised private equity house Apse Capital in connection with its acquisition, from Mears Group PLC (“Mears”), of a majority stake in TerraQuest Solutions Limited (“TerraQuest”), alongside TerraQuest Management. Mears have retained a small minority stake. The transaction provides a maximum valuation of the TerraQuest business of £72m (before locked box
Read More...PriestleySoundy are honoured and delighted to have been appointed to the Advisory Board of 10BE5. 10BE5 is the brainchild of lawyers John Kwan and Mohamed Taha. It is a London-based legal tech company that seeks to automate capital markets-related workstreams and to cut the time and cost lawyers and in-house teams spend to achieve the
Read More...PriestleySoundy is advising the Senior Management Team of Hermes UK on their incentive arrangements in connection with the acquisition of a majority stake in their business by Advent International. Advent International is partnering with the Senior Management Team to acquire a 75% stake in Hermes UK. Otto Group will continue to own 25% of the
Read More...PriestleySoundy was delighted to host a table, and to be joined by so many guests, at the fourteenth celebration of International Women’s Day at the Guildhall in the City of London on Friday, 6th March 2020. Ranvir Singh, the award-winning presenter and Political Editor for Good Morning Britain, chaired a panel of distinguished speakers: Professor
Read More...PriestleySoundy advised the Senior Management Team of Care UK Health Care in connection with their incentive arrangements. Care UK Health Care is England’s largest independent provider of NHS services, delivering more than 70 different healthcare services throughout the UK. Founded in 1982, Care UK’s healthcare services include treatment centres, GP practices, NHS walk-in centres, GP
Read More...PriestleySoundy advised Humphrey Singer in connection with his appointment as Chief Financial Officer of Belron. Humphrey was Chief Finance Officer at Marks & Spencer, and before that Group Finance Director at Dixons Carphone. Previously, he held a number of senior finance roles within Cadbury Schweppes and Coca-Cola Enterprises. Belron is the worldwide leader in vehicle
Read More...PriestleySoundy advised Stephan Wilcke in connection with his appointment as the senior independent Non-executive Director of Equiom. In May 2019, Varde announced its investment in Equiom as a long-term equity partner to help fund future expansion in line with the Company’s growth strategy. Varde joined Equiom’s longstanding equity partner LDC, which has supported Equiom’s growth
Read More...PriestleySoundy advised Itzhak (Tzachi) Wiesenfeld in connection with his appointment as the independent Chairman of iLOQ. In October 2019, Nordic Capital announced its acquisition of iLOQ in a deal to support the continued international expansion of the business. The Founder of iLOQ and the management team reinvested in the business alongside Nordic Capital. The deal
Read More...PriestleySoundy is advising Founders Steve Marshall, Laura Benton and other Senior Managers in connection with an undisclosed minority growth capital investment by Bridgepoint Development Capital. The deal, which is subject to the approval of the Financial Conduct Authority, will allow Reassured to continue to lead the growth in its sector, invest in technology and develop
Read More...PriestleySoundy is advising the international (including UK and US Managers) Senior Management Team of Refinitiv in connection with the proposed £22bn (US $27bn) acquisition of their business by The London Stock Exchange Group (LSEG). The transaction, which is conditional on LSEG shareholder and regulatory approval, is expected to close in the second half of 2020.
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