KS 2015 Highlights Sheet 2 - blue - 21.1.16
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KEENAN RECYCLING Investment by Business Growth Fund “BGF” invested £2.2m in Scottish organic waste management company, Keenan Recycling to fuel its expansion in the Central Belt”. Business Growth THE GT4 GROUP LIMITED Acquisition of TPL Labels Limited, with Funding from Scottish Loan Fund “The Scottish Loan Fund has completed a £5 million investment in The GT4 Group Ltd (GT4), the parent company of Blantyre based Gavin Watson Ltd. Gavin Watson has a history spanning back over 150 years and specialises in wet glue label manufacturing for the spirits, coffee, food, water and beverage sectors. The strategic acquisition of AG CONCEPTS Buyout of Anderson Stewart Castings and Precision Tooling Services, with Related Funding Arrangements “A Scottish foundry, which manufactures high specification castings for the automotive and other industries, has been tipped for a bright future after it was bought out by two long-serving senior managers. Anderson Stewart of BIOPTA LIMITED Sale of Share Capital to ReproCELL Inc “Drug development company Biopta is being bought by Japanese firm Reprocell in a deal worth around £5.5 million. The Scottish business, founded in 2002 by Dr David Bunton and Professor Chris Hillier as a spin-out from Glasgow Caledonian University, is a specialist in using human tissue in the drug development process. Reprocell said it was buying 50.26 per COMCAST VENTURES LP AND NBC SPORTS VENTURES LLC Participation in Equity Funding of Fanduel “An Edinburgh-based fantasy sports provider has raised $275 million (£176.5m) from investors including SPARK OF GENIUS Sale of Share Capital to CareTech Group “CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care services in the UK, is pleased to announce that it has agreed to acquire the entire issued share capital of Spark of Genius Limited (“Spark”), a Scotland based provider of residential care and educational services for young people with complex needs. The total consideration for MERSON SIGNS Acquisition of ASG, with funding from Scottish Loan Fund and HSBC “The Scottish Loan Fund (SLF) has supported its existing portfolio company, Merson Group, in its acquisition of ASG Essex Ltd, a long established signage business servicing the UK’s largest brands. The acquisition creates a UK and European AORTECH INTERNATIONAL PLC Restructure of Share Capital and Conversion of Loan Notes “The Company announced on 2 December 2015 that it had received sufficient irrevocable commitments to pass the 2015 HIGHLIGHTS
Transcript of KS 2015 Highlights Sheet 2 - blue - 21.1.16
KEENAN RECYCLING
Investment by Business Growth Fund
“BGF” invested £2.2m in Scottish organic waste management company, Keenan Recycling to fuel its expansion in the Central Belt”. Business Growth Fund, September 2015.
THE GT4 GROUP LIMITED
Acquisition of TPL Labels Limited, with Funding from Scottish Loan Fund
“The Scottish Loan Fund has completed a £5 million investment in The GT4 Group Ltd (GT4), the parent company of Blantyre based Gavin Watson Ltd. Gavin Watson has a history spanning back over 150 years and specialises in wet glue label manufacturing for the spirits, coffee, food, water and beverage sectors. The strategic acquisition of TPL will extend the breadth of the Group’s services providing its clients with a ‘one-stop-shop’ for all their labelling needs, avoiding the need to use several manufacturers.” Maven Newsletter, 14 January 2016.
AG CONCEPTS
Buyout of Anderson Stewart Castings and Precision Tooling Services, with Related Funding Arrangements
“A Scottish foundry, which manufactures high specification castings for the automotive and other industries, has been tipped for a bright future after it was bought out by two long-serving senior managers. Anderson Stewart of Beith, which owns the last foundry of its type in Scotland, has been acquired in a multi-million deal by engineers, Allan Brese and Graham Ross.” Herald, 13 June 2015.
BIOPTA LIMITED
Sale of Share Capital to ReproCELL Inc
“Drug development company Biopta is being bought by Japanese firm Reprocell in a deal worth around £5.5 million.
The Scottish business, founded in 2002 by Dr David Bunton and Professor Chris Hillier as a spin-out from Glasgow Caledonian University, is a specialist in using human tissue in the drug development process.
Reprocell said it was buying 50.26 per cent of Biopta’s shares in cash. The value of the remainder of the deal is being satisfied through the issuance of new Reprocell shares.” Herald, 25 November 2015.
COMCAST VENTURES LP AND NBC SPORTS VENTURES LLC
Participation in Equity Funding of Fanduel
“An Edinburgh-based fantasy sports provider has raised $275 million (£176.5m) from investors including private equity giant KKR, Google Capital and Time Warner Investments.” Herald, 14 July 2015.
SPARK OF GENIUS
Sale of Share Capital to CareTech Group
“CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care services in the UK, is pleased to announce that it has agreed to acquire the entire issued share capital of Spark of Genius Limited (“Spark”), a Scotland based provider of residential care and educational services for young people with complex needs. The total consideration for Spark is up to £9.23 million, comprising an initial payment of £7.48 million in cash and an earn-out of up to £1.75 million.” CareTech RNS announcement, 29 July 2015.
MERSON SIGNS
Acquisition of ASG, with funding from Scottish Loan Fund and HSBC
“The Scottish Loan Fund (SLF) has supported its existing portfolio company, Merson Group, in its acquisition of ASG Essex Ltd, a long established signage business servicing the UK’s largest brands. The acquisition creates a UK and European sign business with an unrivalled range of skills, capabilities and resources able to deliver all aspects of major signage projects.” Maven Newsletter, 3 August 2015.
AORTECH INTERNATIONAL PLC
Restructure of Share Capital and Conversion of Loan Notes
“The Company announced on 2 December 2015 that it had received sufficient irrevocable commitments to pass the resolution at today’s general meeting for Loan Note holders. The Company is pleased to announce that the resolution has been passed.” RNS, 21 December 2015.
2015 HIGHLIGHTS
Who We Are
Alan Stewart Contact: 0141 428 3239, mob 07770 900600 [email protected]
David Allan Contact: mob 07860 608084 david.allan@ kerganstewart.co.uk
Catherine Feechan Contact: 0141 428 3323, mob 07554 993760 [email protected]
Fiona Piper Contact: 0141 428 3322, mob 07557 346861 fiona.piper@ kerganstewart.co.uk
Elizabeth Kennedy Contact: 0141 428 3259, mob 07771 611362 [email protected]
Richard Stewart Contact: 0141 428 3325, mob 07584 900523 richard.stewart@ kerganstewart.co.uk
