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Project Neptune

Acquisition Opportunity

– Specialist in the manufacture and installation of bespoke joinery to the UK and Global Markets.

A rare opportunity to acquire a long-established, successful, dynamic, and privately-owned UK Company specialising in the manufacture and installation of bespoke joinery to a diverse range of companies operating in the following sectors:

  • Healthcare
  • Retail
  • Leisure
  • Corporate
  • Museum

The Business is led by a strong and experienced management team, and services a diverse blue-chip customer base across the UK and exports its finished joinery globally.

Services within the Business fall into two broad categories of High Volume and Bespoke Joinery.

The Company has a strong balance sheet – it is cash generative and has operated debt-free for the past twenty years.

2019 has seen total sales of £10,362,838 with a gross profit of £3,027,023 and an adjusted EBITDA of £1,104,335.

2020 saw a drop in sales and subsequent profits, which was directly attributed to the Covid 19 lockdown.

The current order book stands above £2,000,000, and a robust forecast is in place, which will see sales return to 2019 levels. The figures forecast are sales of £10,880,980 with a gross profit of £2,937,865 and an adjusted EBITDA of £1,090,680.

The Company is a first-class manufacturer and installer of bespoke joinery to the UK and Global Markets – committed to a growth strategy with both capacity and resource.

Highlights:

  • Lean management structure – able to continue without shareholder involvement – skilled in Company operations
  • Capability to deliver complete turnkey projects
  • Leading joinery manufacturing facility; one of the finest in the UK
  • Sophisticated logistics and supply chain management portfolio in place
  • All works completed ‘in house’, no work is subcontracted
  • Non-cyclical business model offering continuity and resourcing throughout the year

Future Opportunities:

  • Strong succession plan in place, with shareholders willing to provide a long-term consultancy period post-sale, as well as having an experienced second-tier management structure
  • Strong and growing order book currently valued at £2 Million, with orders secured globally. Making Project Neptune a significant asset to any Buyer
  • The acquisition of Project Neptune allows the acquirer to tender for a broader range of projects across many industries and gives an outlet for high-quality joinery ‘in-house.’
  • An acquirer could reduce their reliance on suppliers and offer an increased service level to their Clients by capitalising on a central production facility and expand the provision of joinery services to construction and fit-out firms, and other direct competitors
  • By acquiring Project Neptune (a business that can carry out complete turnkey projects), the acquirer can distinguish itself from its competitors, enabling complex projects to be carried out using internal staff and skilled tradespeople. This gives the benefit of complete control over programme coordination, quality, and commercial issues without engaging external subcontractors

Contact Olivia@achieve-corporation.com for further details.

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Project Deneb

Acquisition Targets – Multi-Sector – Subject to KPI

We are currently working on several ‘live’ briefs for our Client.

They are looking to add to the twelve companies that currently make up their Group and are now benchmarking potential targets for their next phase of planned growth.

Timescales from initial contact to completing in full on deals have been as quick as four weeks, but an average timeframe is four months.

They aim to complete acquisitions before the end of October 2023, have the experience and expertise to support and grow business, can supply evidence of companies they have already acquired and provide proof of funds. Their acquisitions brief focuses on the following:

  • Loss of income and trading profits due to Covid 19 to be added back to the financial accounts
  • Building a group of companies to gain a competitive edge
  • Future profits as a basis for valuation and return on investment
  • Flexible deal structure and handover period to meet your needs
  • Protecting the skills and goodwill that you already have in place

Our role is to identify companies’ suitability based on their brief, protect the confidentiality of both parties, enter first-stage negotiations, and assist their internal acquisitions team in achieving a successful completion.

Contact Olivia@achieve-corporation.com for further details.

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Project Sirius

Civil Engineering Companies Wanted For Acquisition – Company B

Revenue last year – £78 Million.

The number of acquisitions made last year – 1.

The number of acquisitions to be made this year – 2.

Budget for acquisitions – £7 Million. (Dependant on deal structure and Company acquired).

Standard deal structure – 85% of total consideration on day 1. Balance paid quarterly over two years.

Business owners are to stay with acquiring Company until the balance of consideration is paid.

Please get in touch with Simon Ascroft – Partner:- Simon@achieve-corporation.com or contact us by clicking here.

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Project Saturn

Civil Engineering and Construction Companies Wanted.

We are working with several companies within the Civil Engineering and Construction sector and are looking to make several acquisitions before the end of October 2023.

To ensure impartiality in all acquisitions that the companies wish to pursue, the boards of each company have adopted a best practice format to score and project manage their acquisitions.

This approach ensures that all potential target companies are benchmarked against each acquiring company’s acquisition strategy, and the entire Board’s collective decision is taken on which acquisitions to pursue.

Non-Disclosure Agreements protect all parties, and a complete project brief is signed off by all parties who enter discussions.

The senior Board for each company have agreed to meet every 30 days to formulate offers and ‘sign off’ on all target companies that match their acquisition briefs.

If you feel your business would be valuable to Our Clients, please contact Simon Ashcroft at Simon@achieve-corporation.com.

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Project Arcturus

Civil Engineering Companies Wanted for Acquisition – Company A.

Revenue Last Year – £725 Million.

Number of acquisitions made last year – 4.

Number of acquisition to be made next year – 3.

Budget for acquisitions – £21 Million.

Standard deal structure – 80% of total consideration on day 1.

Balance over two years. Business owners to stay with acquiring Company until the balance of consideration is paid.

This Company needs to conclude on three acquisitions by the end of September 2023 to meet the growth strategy outlined by its Senior Board.

Contact Simon Ashcroft – Partner: – simon@achieve-corporation.com or contact us by clicking here.

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Project Mercury

Overseas Company seeks to secure a foothold in the UK market within the specialist and general engineering sector.

The Company is seeking to add four bolt-on additions to its current portfolio before the end of September 2023.

With a billion-dollar turnover, the Company is asset and cash-rich. It has a proven methodology for its acquisitions enabling it to complete deals and due diligence in the minimum time frame.

The Company is looking for several smaller businesses with a turnover of circa £5 Million that can be grouped together to take advantage of the many projects and contracts that the Parent Company needs to fulfil.

The Company is flexible in its approach to acquisitions and will support cash sales, MBO and MBIs.

If You Feel Your Business Would Be of Value to Our Clients, please contact our Senior Partner, Mark Roberts, at mark@achieve-corporation.com.

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Musk’s Twitter Acquisition is Largest Take-Private since 2016

Elon Musk closed his $44 billion purchase of Twitter on Oct. 27, some six months after he first announced his intention to buy the social media platform.

The acquisition is the largest take-private deal since the 2016 purchase of data storage company EMC by Dell for $67 billion, according to PitchBook Data.

The closing of the deal follows months of public acrimony between Musk and Twitter leadership, an attempt by Musk to back out of the deal and lawsuits.

On the evening the deal closed, Musk sent a tweet that said “the bird is freed,” and news organizations reported the transaction was complete and that Musk had fired four senior leaders at the company. The next day, Twitter filed to have its stock delisted.

Musk’s takeover of Twitter became highly controversial because of his stated intent to reduce content moderation on the platform and, among other things, allow former President Donald Trump, who was banned from Twitter after the Jan. 6 attack on the US Capitol, back on the platform.

Shortly before the deal closed, Musk posted a note directed at advertisers in which he said Twitter should not become a “free-for-all hellscape where anything can be said with no consequences.” The day after the deal closed, he said in a tweet that “no major content decisions or account reinstatements” would take place before a newly formed content moderation council met.

 

Read More – www.pitchbook.com

 

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Binance to Buy FTX in Major Cryptocurrency Exchange Merger

Public squabble between the two largest offshore exchanges’ bosses led to run on FTX and forced sale

The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX’s boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale on Tuesday.

“This afternoon, FTX asked for our help,” tweeted Zhao. “There is a significant liquidity crunch. To protect users, we signed a non-binding letter of intent, intending to fully acquire FTX.com.”

The news was confirmed in a tweet by Bankman-Fried. He said: “Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for FTX.com pending DD etc.”

The deal will see FTX being “fully acquired” by Binance, in return for covering the cash crunch at the embattled exchange. Further terms were not disclosed by either party.

Both Binance.US and FTX.US, the associated American regulated exchanges of the two companies, will remain independent.

Bankman-Fried is a major donor to the US Democratic party, and FTX was a top-20 contributor to Joe Biden’s presidential campaign, giving over $5m. Bankman-Fried is reported to have donated about $40m this year in the run-up to today’s midterm elections.

The two chief executives are among the most prominent players in the industry, known by their initials – CZ and SBF – and each capable of moving markets with just a tweet. They have worked together in the past, with Binance investing in FTX at the exchange’s inception.

 

Read More – www.theguardian.com

 

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Sophisticated Software Company – Specialising in Information Security

Client – Sophisticated Software Company – Specialising in Information Security

Instruction – Disposal of business to trade or non-trade buyer

Role – Review market opportunities, benchmark possible share prices, and source trade buyers based on management culture and ethos. Generate sealed bids. Manage all sale processes through to Completion

Result – Secured seven sealed bids. Project Led transaction to Completion. All sealed bids matched the criteria of the shareholders. Cash and debt-free basis, with the purchaser paying all proceeds via existing cash at bank

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SaaS – Software as a Service Provider

Client – SaaS – Software as a Service Provider

Instruction – Shareholders wishing to leverage their solution to the financial markets by merging into a large PLC

Role – Conduct confidential auction as sell-side advisor

Result – Project managed the auction process and managed the sale to Completion. 12 sealed bids. All final bids made at full enterprise value with 100% cash on Completion, on a cash and debt-free basis