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Online Travel Ticketing Company – Turnover £53 Million

Client – Online Travel Ticketing Company – Turnover £53 Million.

Instruction – Prepare ‘Pitch Deck’ for presentation to Target 250 FTSE Companies.

Role – Pitch Deck created with DCF Model. Pyramid ROI,ROE and Risk Management. Calculated micro financials for planned merger and or acquisition by Targets.

Result – Managed competitive bidding scenario resulting in multiple offers above 22% of share price.

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Project Sirius

Civil Engineering Companies Wanted For Acquisition – Company B.

Revenue last year – £78 Million.

Number of acquisitions made last year – 1.

Number of acquisitions to be made next year – 2.

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

Standard deal structure – 65% of total consideration on day 1. Balance paid quarterly over two years.

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

For further details, please contact Simon Ascroft – Partner:- or contact us by clicking here.

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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 May 2021 to meet the growth strategy outlined by its Senior Board.

Contact Simon Ashcroft – Partner: – or contact us by clicking here.

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Project Mercury

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

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

The Company are looking for several smaller business 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 need to fulfil.

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

If You Feel Your Business Would Be of Value to Our Clients Please Contact Our Senior Partner, Mark Roberts at

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Optiv confirms ‘temporary’ UK closure and turns attention to M&A

Security giant says it is still committed to European expansion

US-based MSSP Optiv has confirmed what it called a “downsizing” of its UK operation, claiming the move is temporary as it turns its attention to M&A.

CRN reported yesterday that Optiv was in the process of shutting down in the UK, keeping on a handful of staff to continue any outstanding customer transactions.


In a statement Optiv called the move “temporary”, insisting that it still has plans to build a presence in Europe and has looked at 40 European businesses to acquire before deciding it “simply couldn’t justify the high valuations of these companies”.

“After a comprehensive strategic review, we’re temporarily downsizing our London-based organic operations,” Optiv said.

“We remain committed to serving the European market, clients, partners and prospects,” it added, claiming it could acquire “once European valuations right-size”.

Optiv’s CMO had previously said that the firm looked at acquiring the likes of SecureData and SecureLink, opting against making a bid because it thought the pair were overvalued.

SecureData was bought last year for a multiple of 20 times its EBITDA.

Micky Patel – partner at August Equity, which sold SecureData to Orange – told CRN earlier this year that the multiple was achieved because SecureData was unique in that it was a cybersecurity service provider that had scaled.

A panel of private equity investors also told delegates at CRN‘s Channel Conference MSP that they believe high multiples are here to stay.


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WeWork has acquired more than 20 companies in the run-up to its IPO

In their endeavors to scale operations and improve their brands, VC-backed companies have turned to robust M&A activity in recent years. Taking notes from consumer-facing platforms such as Facebook and Twitter, who led the way to establish how private companies can grow from strategic acquisitions before their historic rides to the public markets, WeWork has acquired 21 startups to date, with a bulk of those investments sealed in the last three years.

The co-working giant raised nearly $1 billion in VC funding before it made its first acquisition in 2015 with Case, which provides building design and information-modeling services. And in a bid to either grow the current business or explore opportunities in other industries, WeWork is currently one of the most active VC-backed acquirers in the space.

How many of those investments were directly related to the company’s space-as-a-service offering? According to a recent PitchBook analyst note, the split of acquisitions made by WeWork related to the core business versus noncore is an estimated 60-40. Notable acquisitions that currently have little to do with WeWork’s office rental focus include Flatiron School, which offers a coding education platform and Islands Media, the developer of a messaging app for college students.

The co-working giant revealed mounting losses in its S-1 filing last month. However, its appetite to acquire startups that range from the developer an office sign-in system to a behavior-analytics platform, indicates that buying tech or venturing beyond its core business via an acquisition seems to be the preferred route for WeWork, instead of building the same thing in-house.

While mega-deals from deep-pocketed investors such as SoftBank or eye-popping valuation step-ups may have favored WeWork’s acquisition strategies so far, it’s difficult to say whether the business will continue to pick up startups at the same rate in the future, especially as it plans to seek a valuation of between $20 billion and $30 billion in its upcoming IPO, slashing its last private market valuation, according to The Wall Street Journal.

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Leeds-based ticketing platform acquired by Festicket

Leeds-based ticketing platform, Event Genius, has been acquired by Festicket, the world’s largest platform for music festival experiences.

The sale includes Event Genius’s consumer facing brand, Ticket Arena. The terms of the deal have not been disclosed.

The new offering, known as Event Genius by Festicket, will create an “end-to-end platform for organisers and fans alike, providing the most complete offering in the live entertainment industry”.

Founded by managing director Reshad Hossenally (pictured above) in 2008, Event Genius offers complete event solutions to events including Wales Rally GB, Motion Bristol, Annie Mac’s Lost & Found Festival, Summer Daze, Ibiza Rocks and BPM Festival.

Following the acquisition, Festicket will roll out the new offering to festivals, concerts, clubs, sports, family attractions and other events worldwide.

Based in Leeds and London, Event Genius and Ticket Arena has worked with over 1.9 million customers and generated over €400 million worth of sales.

Festicket, founded in 2012 by Zack Sabban and Jonathan Younes, is backed by investors including Beringea, Edge, Lepe Partners and ProFounders. It was ranked as the UK’s 21st fastest-growing technology company by the Sunday Times Tech Track 100 in 2018.

Zack Sabban, CEO and co-founder at Festicket, said: “The acquisition transforms Festicket’s product set. In Event Genius, we have found a company that shares our mission to be a disruptive force in the live entertainment market and – ultimately – to bring the best possible experiences to fans. Reshad and the team have built a great product they have good reason to be proud of, and I look forward to welcoming them to the Festicket family.”

Hossenally, who will join Festicket as chief supply chain officer, said: “The Event Genius mission has always been to utilise technology to bring event organisers and consumers a better experience, regardless of the size or type of event. Couple this with Festicket’s global marketplace and supplier network and we have something truly unique for the events industry.”

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Fans at crisis club Bury turn out to clean up their stadium

Bury have been given until 5pm on Tuesday to secure their future, with current owner Steve Dale in talks with data analytics company C&N Sporting Risk over a potential takeover.

However, EFL executive chair Debbie Jevans has suggested that deadline could be extended if only “one per cent” of the deal remains to be completed.

Volunteers have been arriving at Gigg Lane this morning to help after an appeal from the club to help clean up the stadium.

“Whilst the EFL and our potential new owners proceed with their necessary paperwork and dealings, the club needs to prepare the Stadium in order for Saturdays EFL Sky Bet League One clash with Doncaster Rovers to take place.

“With Tuesday’s deadline firmly set, preparations for our first game of the season will commence at 9:00am on Tuesday morning.”

“Recent events, over the summer months, have left the club with just a skeleton staff and we must, therefore, call on voluntary help in order to get the Stadium ready.”

– Bury FC

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Green Investment Group acquires Tysvaer onshore wind farm in Norway

The Tysvaer onshore wind farm is one of the renewable energy projects being developed by GIG and will comprise 11 Siemens Gamesa 4.3MW turbines.

Green Investment Group (GIG), a Macquarie Group company, has announced the acquisition of the 47MW Tysvaer Onshore Wind Farm in Norway from Spanish Power.

The acquisition is GIG’s first development in Norway, expanding the company’s presence in the Nordic region.

Previously, GIG had acquired Markbygden, Overturingen and Hornamossen onshore wind farms in Sweden.

Located in the Tysvaer municipality within Rogaland Fylke in southern Norway, the Tysvaer onshore wind farm is one of the renewable energy projects being developed by GIG and will comprise 11 Siemens Gamesa 4.3MW turbines.

Tysvaer Onshore Wind Farm is in the final stages of planning

The project, which is in the final stages of planning, is being studied by the Norwegian Water Resources and Energy Directorate (NVE).

The company received outline planning consent in July 2018 and amended layouts are expected to be finalised in October 2019.

GIG is using several Norwegian supply chain companies to deliver the project, which will support high-value jobs during the construction and operations.

Nordisk Vindkraft has been selected as construction manager. RISA will be responsible for the construction of roads, turbine foundations and the installation of electric cables.

The project is being developed directly by GIG and construction is expected to commence in early 2020.

When fully operational, the Tysvaer onshore wind farm will produce enough low-carbon electricity to power the equivalent of 8,750 Norwegian homes every year.

The wind farm will also displace around 8,000 tonnes of CO2 emissions, the equivalent of removing 2,500 cars from the road.

Green Investment Group Europe head Edward Northam said: “Norway is blessed with some of the best renewable resources in Europe which have already enabled the country to deliver a virtually zero-carbon electricity system.

“But the ambition doesn’t end there. Norway’s goal of achieving emissions neutrality is one of the most impressive low-carbon visions anywhere in the world and I’m delighted that GIG is able to help drive Norway’s green shift.”

Green Investment Group was launched initially by the UK government in 2012 and was acquired by the Macquarie Group in 2017.

Recently, it entered the Polish wind market by acquiring the 42MW Kisielice onshore wind farm from Impax New Energy.

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PDC Energy to acquire SRC Energy for £1.4bn

The merger of the two oil and natural gas exploration and production companies is expected to create the second largest producer in the DJ Basin

PDC Energy has agreed to acquire rival US oil and gas company SRC Energy for about $1.7bn (£1.39bn) in an all-stock transaction to create a premier mid-cap operator with peer-leading cost structure and free cash flow profile.

The total consideration includes SRC Energy’s net debt of around $685m (£560.53m) as of 30 June 2019.

Headquartered in Colorado, PDC Energy operates in the Wattenberg Field in the state and also in the Delaware Basin in West Texas. The company’s operations are centred on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field and the liquid-rich Wolfcamp zones located in the Delaware Basin.

SRC Energy, which is also based in Colorado, has been operating since 2008. The company’s oil and gas assets are located mainly in the Wattenberg Field in the Denver-Julesburg Basin (DJ Basin) in northeast Colorado.

Following the merger, PDC Energy will expand its acreage in Wattenberg to nearly 182,000 net acres, of which almost 100% is located in Weld County, Colorado.

The second quarter 2019 total production of the enlarged company is around 200,000 barrels of oil equivalent (Boe) per day. The combined company is expected to become the second largest producer in the DJ Basin, and will also hold nearly 36,000 net acres of acreage in Delaware Basin.

PDC Energy president and CEO Bart Brookman said: “SRC’s complementary, high-quality assets in the Core Wattenberg, coupled with our existing inventory and track record of operational excellence will create a best-in-class operator with the size, scale and financial positioning to thrive in today’s market.

“We remain committed to our core Delaware Basin acreage position and are confident the combined company with its multi-basin focus will be well-positioned to deliver superior shareholder returns.”

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